The Lincoln Wheat Penny Valued at $990K, Still in Circulation

The Lincoln Wheat Penny Valued at $990K, Still in Circulation: Many coins have come and gone in American history, but the Lincoln Wheat Penny is one of the few coins that has made a special place in the world of collectors due to its unique features and rare editions. Although most pennies are worth only one cent, some rare Lincoln Wheat Penny can be worth millions of dollars.

One such coin is the 1943 Bronze Penny, which has reached a value of $990,000 (about Rs 8 crore). The most interesting thing is that this rare coin may still be in circulation somewhere today, that is, anyone can find it in their pocket change or collection of old coins!

What is the Lincoln Wheat Penny?

The Lincoln Wheat Penny was issued from 1909 to 1958. The front side of this coin has a picture of Abraham Lincoln, the 16th President of America, while on the back side there are two wheat stalks. This is why it is called Wheat Penny. This coin was designed by Victor David Brenner. It was the first American coin on which the picture of a historical personality was engraved.

Why is the Lincoln Wheat Penny worth $990,000 so special?

Not all Lincoln Wheat Pennies are worth much, but some rare versions cost thousands to millions of dollars. The most expensive coin among these is the 1943 Bronze Penny.

What is special about this coin?

  1. Made by mistake in 1943:
    • Usually the 1943 coins were made of steel, because at that time copper was needed to make weapons due to World War II. But some coins were accidentally cast in bronze (a mixture of copper and tin).
  2. Only 20 to 40 coins left:
    • Only 20-40 such coins are believed to exist, some of which may still be in circulation.
  3. Sold for $990,000:
    • In 2019, a rare 1943 bronze penny sold for $990,000 at auction.

How to tell if you have a $990,000 coin?

How to tell if you have a $990,000 coin?

If you think you might have a rare 1943 bronze penny, follow these steps:

  1. Check the year: The coin should have 1943 stamped on it.
  2. Check the color: A genuine 1943 bronze penny is coppery brown, while a steel penny is silvery.
  3. Do a magnet test:
    • If the coin sticks to a magnet, it’s made of steel and isn’t worth much.
    • If it doesn’t stick to a magnet, it may be a rare bronze version.
  4. Look for a mint mark:
    • If the coin has a small “D” (Denver Mint) or “S” (San Francisco Mint) on it, it may be worth more.
  5. Have an expert examine it:
    • If you think it may be a rare coin, have it examined by a coin expert or professional grading service.

Other valuable Lincoln Wheat Pennies

In addition to the 1943 bronze penny, some other rare Lincoln Wheat Pennies can sell for millions:

CoinEstimated Value
1909-S VDB PennyUp to $100,000
1944 Steel PennyUp to $750,000
1955 Doubled Die PennyUp to $50,000

These coins command high prices due to misprints, rare metals, or limited production.

Can this rare coin still be found today?

Yes! Although these coins are very rare, they can be found in pocket change, old coin collections, or inherited coins. Many people do not know the real value of coins and use them unknowingly. So, if you are also fond of collecting coins, then carefully check the coins you have—who knows, maybe you have this coin worth crores!

Conclusion

The Lincoln Wheat Penny is not just an ordinary coin, but a historical treasure. The 1943 bronze penny, which has been worth up to $990,000, may still be hidden in someone’s pocket or in an old coin collection. If you are interested in coins, then check your pockets, piggy banks and old coins thoroughly—because a small coin may make you a millionaire!

FAQs On The Lincoln Wheat Penny Valued at $990K

Q. How to identify the Lincoln Wheat Penny?

A. The Lincoln Wheat Penny can be identified by the image of Abraham Lincoln on its front and two wheat stalks on the back.

Q. How much can a 1943 bronze penny cost?

A. It has fetched up to $990,000 (about Rs 8 crore) in auctions.

Q. Can I check the 1943 bronze penny myself?

A. Yes, you can do a preliminary check by looking at the color, magnet test and mint mark of the coin. But for sure confirmation, it would be better to get it graded by a coin expert.

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