Coin collectors and history buffs love the thrill of discovering something rare and valuable. And when it comes to American coins, the Lincoln Wheat Penny is always a favorite. Lately, there’s been a wild rumor making the rounds—someone claimed a Lincoln Wheat Penny is worth a staggering $85 billion. Yep, billion with a “B”. But is it even possible for a single penny to carry that kind of value? Let’s get to the bottom of it.
Origins
The Lincoln Wheat Penny, also called the Wheat Cent, was minted from 1909 to 1958. It was a big deal at the time—it marked the first time a real person (President Abraham Lincoln) appeared on a U.S. coin. On the back, two wheat stalks frame the words “One Cent,” representing prosperity and growth.
Most were made of 95% copper, except during World War II, when the U.S. Mint temporarily used steel in 1943 to conserve copper for the war effort.
Factors
So what actually makes some of these pennies worth serious money? It comes down to a few key factors.
Rare Minting Errors
These are the unicorns of the coin world. A few examples:
- 1955 Double Die Penny – The design looks doubled, especially the date and lettering.
- 1922 No D Penny – Minted in Denver, but missing the “D” mint mark.
- 1943 Bronze Penny – Should’ve been steel, but some were mistakenly struck in bronze.
Limited Mintage
Some years and mint locations had lower production. The 1909-S VDB, for instance, had a short production run and quickly became a collector’s dream.
Condition and Grading
A coin’s condition can make or break its value. Grading services like PCGS or NGC rate coins on a scale, and those graded MS-65 or higher (Mint State) are worth far more.
Historical Value
Coins with a strong backstory or from significant eras (like early 1900s or wartime coins) always attract attention and dollars.
Myth
Now let’s talk about that jaw-dropping $85 billion claim. Hate to burst the bubble—but it’s totally false. No Lincoln Wheat Penny, or any coin for that matter, has even come remotely close to that price tag.
Here’s the reality:
- The most expensive coin ever sold? A 1933 Double Eagle gold coin—went for $18.9 million.
- The most expensive Lincoln Wheat Penny? A 1943 Bronze Penny that sold for $1.7 million.
$85 billion? It’s internet fiction at best.
Values
Here’s a look at some of the most valuable Lincoln Wheat Pennies and their price ranges:
| Coin Type | Estimated Value |
|---|---|
| 1909-S VDB | $1,000 – $100,000+ |
| 1914-D | $2,000 – $100,000+ |
| 1922 No D Error | $5,000 – $100,000+ |
| 1943 Bronze Penny | $100,000 – $1.7 million |
| 1955 Double Die | $1,500 – $125,000+ |
As you can see, these coins can go for a pretty penny (pun intended), but none come close to the billion-dollar fantasy.
Circulation
Can you still find Lincoln Wheat Pennies in your pocket change? Technically, yes. They were minted until 1958, and while most have been snapped up by collectors, a few still float around in circulation or in old jars and drawers.
If you spot one:
- Check the year and mint mark
- Look for any oddities or errors
- Consider getting it appraised
You never know—you might stumble upon something rare hiding in plain sight.
The Lincoln Wheat Penny is a true gem in the world of coin collecting, but the $85 billion story? Pure myth. Still, some Wheat Pennies are absolutely worth holding onto. Keep your eyes open, because finding one could still lead to a solid payday.
FAQs
Is a Lincoln penny worth $85 billion?
No, that’s a myth. No penny has ever been worth that much.
What’s the rarest Lincoln Wheat Penny?
The 1943 Bronze Penny is among the rarest and most valuable.
What is a 1909-S VDB penny worth?
Anywhere from $1,000 to over $100,000 depending on condition.
Can I still find Wheat Pennies in change?
It’s rare but possible. Most are in collections today.
Why is the 1955 Double Die Penny valuable?
It has a famous minting error that causes doubled features.
