One of the most iconic coins in American history, the Lincoln Wheat Penny, is much more than just a small piece of currency. Over time, certain rare versions of this coin have sold for millions of dollars, making it a highly sought-after collectible. Due to unique design features, historical significance, and rare minting errors, the Lincoln Wheat Penny remains a prized possession for coin collectors and enthusiasts alike.
The History of the Lincoln Wheat Penny
In 1909, to commemorate the 100th anniversary of Abraham Lincoln’s birth, the United States Mint introduced the Lincoln Wheat Penny. This marked a historic moment as it became the first U.S. coin to feature the likeness of an actual person rather than a symbolic figure like Lady Liberty.
Designed by Victor David Brenner, the penny features Lincoln’s profile on the obverse (front) and two wheat stalks on the reverse, symbolizing prosperity and abundance. Originally, Brenner’s initials, “VDB,” were placed prominently on the coin, but after public controversy over the prominence of his initials, they were quickly removed. As a result, the 1909-S VDB penny became one of the rarest and most valuable versions of the Lincoln Wheat Penny.
Lincoln Wheat Penny Overview
| Category | Details |
|---|---|
| Department | United States Mint |
| Coin Name | Lincoln Wheat Penny |
| Release Year | 1909 |
| Designer | Victor David Brenner |
| Rarest Version | 1909-S VDB |
| Collectors & Beneficiaries | Coin collectors, investors, and history enthusiasts |
| Official Website | www.usmint.gov |
The 1943 Bronze Penny: A Million-Dollar Mistake
During World War II, copper was in high demand for military equipment, leading the U.S. Mint to produce pennies made from zinc-coated steel in 1943. However, a small number of pennies were mistakenly struck using leftover bronze planchets from 1942.
These 1943 bronze pennies are among the rarest and most valuable coins in American history, with only about 20 known to exist. One of these rare pennies sold for an astounding $2.8 million at auction.
How to Identify a Valuable Lincoln Wheat Penny
Identifying a valuable Lincoln Wheat Penny is easier than you might think. Here are some quick tests to determine whether you have a rare find:
- Check the Date: The year 1943 is significant—if your penny from this year is made of copper rather than steel, it could be worth a fortune.
- The Magnet Test: Steel pennies will stick to a magnet, while bronze ones will not. If your 1943 penny is not magnetic, it could be a valuable bronze penny.
- Rare Mint Marks: Certain Lincoln Wheat Pennies are especially valuable, including the 1909-S VDB, 1914-D, 1922 plain (no mint mark), 1931-S, and 1955 doubled die penny.
How to Verify and Preserve Your Lincoln Wheat Penny
If you suspect you have a valuable Lincoln Wheat Penny, it is crucial to have it authenticated. Coin grading services like PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) specialize in verifying authenticity and grading coins based on condition.
To keep your coin in the best condition:
- Handle it carefully by the edges to avoid fingerprints or damage.
- Store it properly in a protective coin holder or case.
- Avoid cleaning it, as this can reduce its value significantly.
Fun Fact: A Lincoln Wheat Penny in Outer Space?
Did you know that a Lincoln Wheat Penny was sent into space? Astronaut Gus Grissom carried a 1909 Lincoln Wheat Penny aboard the Liberty Bell 7 spacecraft in 1961. Though the mission ended with the capsule sinking into the ocean, the coin was recovered decades later, adding a unique chapter to its already rich history.
FAQs
1. What makes the 1909-S VDB Lincoln Wheat Penny so rare?
The initials “VDB” of designer Victor David Brenner were removed soon after production began, making the remaining 1909-S VDB pennies highly valuable due to their limited quantity.
2. Why are 1943 bronze pennies worth millions?
They were mistakenly struck on leftover bronze planchets from 1942. Since only about 20 exist, they are considered one of the rarest and most expensive American coins.
3. How can I tell if my 1943 penny is valuable?
Use a magnet test—if it does not stick, it could be a rare bronze penny. Also, consult a professional grading service for verification.
4. Which other Lincoln Wheat Pennies are valuable?
Besides the 1909-S VDB and 1943 bronze penny, the 1914-D, 1922 plain (no mint mark), 1931-S, and 1955 doubled die pennies are among the most sought-after.
5. Where can I sell a rare Lincoln Wheat Penny?
You can sell rare pennies through coin dealers, auctions, or online marketplaces such as Heritage Auctions, eBay, or professional numismatic websites.
Final Thoughts
The Lincoln Wheat Penny isn’t just a historical artifact—it’s a potential goldmine for collectors. Whether you’re searching through old coin jars or inheriting a collection, understanding what to look for can turn an ordinary penny into an extraordinary treasure .