The Lincoln Wheat Penny Valued at $200 Million, Still in Circulation

The Lincoln Wheat Penny Valued at $200 Million, Still in Circulation: Imagine that you find a small ordinary coin in your pocket and find out that it is worth more than 200 million dollars (about Rs 1660 crore)! This is not a story, but the truth of a rare coin called Lincoln Wheat Penny, which is still being searched by collectors and coin lovers around the world. Usually, people do not pay attention to small coins, but some special pennies can be worth millions. If you are lucky, maybe you too will find a rare coin!

In this article, we will know what is the history of Lincoln Wheat Penny, why it is so valuable, and how you can identify whether you have a rare coin or not!

What is Lincoln Wheat Penny?

Lincoln Wheat Penny was minted in America between 1909 and 1958. This coin has a picture of Abraham Lincoln on the front and wheat ears on the back. It was primarily made of copper, but during World War II it was made of steel in 1943, as copper became scarce.

Although millions of wheat pennies were made, some of these rare coins were accidentally made in unique metals or designs, which have now become extremely valuable.

Does the $200 million Lincoln Wheat Penny really exist?

It sounds unbelievable to hear a coin worth $200 million (about Rs 1660 crore), but it is not completely impossible. Many rare coins in history have been sold for millions of dollars.

It is said about this special wheat penny that it was minted by mistake or in a unique metal, making it so priceless. Although it has not yet been recorded in any official record as being sold for $200 million, some wheat pennies have been sold for more than $1 million. It is also possible that this coin is still circulating somewhere and no one knows its real value!

Rare and valuable Lincoln wheat penny

If you find a wheat penny, then take a look at these special coins—

1. 1943 Copper Lincoln Wheat Penny
   • In 1943, most of the pennies were made of steel, but some coins were mistakenly cast in copper.
   • They can be worth more than $1 million (about Rs 8 crore).
2. 1944 Steel Lincoln Wheat Penny
   • In 1944, copper coins started being made again, but some steel coins were mistakenly cast.
   • They can be worth millions of dollars.
3. 1909-S VDB Lincoln Wheat Penny
   • These coins, made in 1909, had the initials of the name of designer Victor David Brenner (VDB) written on them.
   • It was made in very small quantities by the San Francisco Mint (S).
   • In good condition, it can sell for more than $50,000 (about Rs 41 lakh).
4. 1955 Double Die Lincoln Wheat Penny
   • It had a double die error, due to which the text written on the coin appears slightly double.
   • Such coins can sell for up to $100,000 (about Rs 83 lakh).

How to identify if you have a rare Lincoln Wheat Penny?

If you find an old wheat penny, look carefully for these things—

• Check the date – Coins of some special years like 1909, 1943, 1944, 1955 can be rare.
• Look for errors – doubling in the text, design flaws, or any unusual changes in the metal.
• Check with a magnet – A 1943 copper penny will not stick to a magnet, while a 1944 steel penny will stick.
• Look for the mint mark – coins with an S (San Francisco), D (Denver) or no mark (Philadelphia) may have different values.
• Get it checked by an expert – If you think you have a rare coin, have it appraised by a certified coin expert.

Is this rare coin still in circulation?

Yes! It is possible that a rare Lincoln Wheat Penny is still circulating today. Many times people do not know the real value of old coins and use them in everyday transactions. Therefore, this coin can be found in your pocket, an old piggy bank, or an old collection!

Conclusion

The Lincoln Wheat Penny is not just an ordinary coin, but it may be an undiscovered treasure! Although the $200 million coin has not yet been certified, many wheat pennies have sold for millions of dollars at auctions.

FAQs On The Lincoln Wheat Penny Valued at $200 Million