Imagine buying a snack with spare change, not knowing one of those coins is worth $12.9 million. Sounds wild, right? But it’s true. A rare Lincoln Wheat Penny is believed to still be in circulation, and experts say an unsuspecting person might just stumble upon it. This historic coin, with a jaw-dropping value, is one of the most wanted treasures in coin collecting.
Table of Contents
Background
The Lincoln Wheat Penny was introduced in 1909 and stayed in production until 1958. Designed by Victor D. Brenner, it was the first U.S. coin to feature a real person—President Abraham Lincoln. While most of these pennies are only worth face value, a select few are so rare that they’ve sold for thousands, even millions.
One of them? A mysterious Lincoln Wheat Penny said to be worth $12.9 million. This particular coin is valuable either due to a rare minting error or a unique material composition that sets it apart from the rest.
Reasons
So, what gives a penny this mind-blowing value? Let’s break it down:
- Minting Errors – Coins with double strikes, off-center designs, or missing details are considered rare mistakes by the U.S. Mint. These quirks make the coin unique—and priceless to collectors.
- Limited Mintage – Not all pennies were made in equal numbers. Some years had much lower mint counts, especially during wartime. Fewer coins mean higher value.
- Wrong Materials – In 1943, the U.S. Mint used steel instead of copper due to World War II. But a few copper blanks were accidentally used. These rare copper 1943 pennies are among the most valuable.
Identification
Think you might have one of these hidden treasures? Here’s what to check for:
- Year – Key years to watch for include 1909, 1914, 1922, 1943, and 1955.
- Mint Mark – A tiny “S” or “D” under the date can make a huge difference in value.
- Errors – Look for doubling in text, missing letters, or unusual designs.
- Magnet Test – A copper 1943 penny won’t stick to a magnet. A steel one will.
Taking a few seconds to inspect your change could lead to a life-changing discovery.
Selling
Got a penny that fits the bill? Here’s where to go:
| Selling Option | Purpose |
|---|---|
| Coin Dealers | Expert appraisal and valuation |
| Online Auctions | Reach global buyers (eBay, Heritage) |
| Coin Shows & Expos | Meet serious collectors in person |
| Grading Services | PCGS or NGC can verify authenticity |
Getting your coin professionally graded boosts its credibility—and its price.
Circulation
Here’s the kicker: the $12.9 million penny might still be in circulation. That means it could pop up anywhere—in a cash register, your change jar, or even under the couch. Most people don’t think twice about old pennies, which is why these rare finds sometimes slip through unnoticed.
Everyday coins are handled quickly and often ignored. But the chance of finding one of these ultra-rare pieces still exists. That’s what makes checking your change feel like playing the lottery—but with better odds.
So next time someone hands you a penny, don’t just toss it in a jar. Take a second look. You never know—you might just be holding a small piece of history worth millions.
FAQs
Why is the 1943 penny special?
It was mistakenly made in copper instead of steel.
What’s the value of the rare penny?
It could be worth as much as $12.9 million.
How can I test a 1943 penny?
Use a magnet—real copper ones won’t stick.
What years are most valuable?
Look out for 1909, 1914, 1922, 1943, and 1955.
Where can I sell a rare penny?
Try coin dealers, auctions, or grading services.
