The Lincoln Wheat Penny Valued at $1.8 Million, Still in Circulation

$1.8 Million Imagine finding a rare Lincoln wheat penny in your pocket, only to search for $ 1.8 million! Sounds incredible, right? But it’s true. Some of these valuable money are still in circulation, due to which the fate has stumbled for someone.

If you like to collect the coin or simply want to check your loose changes, this guide will help you identify if you have a rare and valuable Lincoln wheat penny.

What Is the Lincoln Wheat Penny?

The Lincoln Wheat Penny, also called the Wheat Cent, was first minted in 1909 and remained in circulation until 1958. It was designed by Victor David Brenner and was the first U.S. coin to feature a real historical figure—Abraham Lincoln.

Key Features of the Lincoln Wheat Penny

Obverse (front): Abraham reflects the picture of Lincoln.
Reverse (back): There are two wheat stalks, which gives it a “wheat penny”.
Mint year: 1909 to 1958.

Why is this money $ 1.8 million?

All Lincoln is not valuable of wheat pene, but some are rare – especially with mining errors – worth a fortune. One of the most valuable is the 1943 bronze Lincoln wheat penny, which has been sold for $ 1.8 million due to a unique mistake.

The 1943 Copper Penny Error

During World War II, the American mint switch from using steel from copper to save metal for war supply. However, some of the 1943 Penny were accidentally made of copper, making them extremely rare.

Since most of the 1943 Penny Steel was made, the copper version are one type of collector items, and some have been auctioned for millions of dollars.

How to Identify a Rare Lincoln Wheat Penny

If you come across a 1943 penny, here’s how you can check if it’s the valuable copper version:

1. Check the Color
   A steel penny will appear silver-gray and stick to a magnet.
   A copper penny will have a reddish-brown color and will not stick to a magnet.
2. Look at the Year
   Make sure the penny is from 1943 and not 1945, 1948, or another year.
3. Get It Verified
   If you think you have a 1943 copper penny, take it to a professional coin expert or a certified grading service to confirm its authenticity.

Other Valuable Lincoln Wheat Pennies

Apart from Copper Penny of 1943, many other Lincoln wheat pene are valuable:

1909-S VDB Penny

• Value: Over $100,000 due to its limited production.
• Why?: Only 484,000 were minted.

1914-D Penny

• Value: Can sell for $5,000 to $100,000, depending on condition.
• Why?: Low mintage of only 1.2 million coins.

If you take time out to check your coins carefully, you can stumble at a million-dollar treasury!

Finding $ 1.8 million price Lincoln wheat penny may seem like a dream, but this is possible. The key is knowing how to identify rare coins, especially 1943 copper penny.

By checking the color, using a magnet, and by confirming the mint year, you can discover an incredibly valuable coin in your collection. So, before you spend that penny – look closely!

FAQs:- The Lincoln Wheat Penny Valued at $1.8 Million, Still in Circulation