The $100,000 Lincoln Wheat Penny

The $100,000 Lincoln Wheat Penny: Could Your Spare Change Be a Hidden Treasure?

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The Lincoln Wheat Penny (1909-1958) might seem like ordinary pocket change, but certain rare versions have sold for over $100,000 at auction. While most are worth just a few cents, a handful of special editions with mint errors or limited production have become highly sought-after collector’s items. Let’s explore how to identify these valuable coins in your own coin jar.

Key Rare Varieties to Look For

Several Lincoln Wheat Pennies stand out for their exceptional value:

  • The 1909-S VDB with designer Victor Brenner’s initials (only 484,000 minted) can fetch $100,000+ in perfect condition
  • The accidental 1943 Copper Penny (struck on wrong metal during WWII) has sold for over $200,000
  • The 1955 Doubled Die error coin shows noticeable doubling and commands $100,000+ for top specimens
  • Low-mintage issues like the 1914-D and 1931-S are worth thousands in good condition

How to Spot Valuable Pennies

You can check your coins for these valuable characteristics:

  1. Examine the date – key years are 1909, 1914, 1922, 1931, 1943, and 1955
  2. Look for mint marks below the date (“S” for San Francisco or “D” for Denver)
  3. Use a magnifier to spot doubling errors or unusual features
  4. Weigh 1943 pennies – copper ones (3.11g) are heavier than steel (2.7g)
  5. Assess condition – sharp details and minimal wear increase value

Where These Treasures Hide

While extremely rare, valuable wheat pennies still surface in:

  • Inherited coin collections
  • Old jars of saved change
  • Bank penny rolls
  • Estate sales and flea markets
  • Occasionally in everyday circulation

What to Do If You Find One

If you discover a potentially valuable penny:

  • Handle carefully by the edges to preserve condition
  • Never clean the coin (reduces value)
  • Store in a protective holder
  • Get it authenticated by professional grading services like PCGS (www.pcgs.com) or NGC (www.ngccoin.com)
  • Consider selling through reputable auction houses like Heritage Auctions (www.ha.com)

While the chance of finding a six-figure penny is slim, even common wheat pennies in excellent condition can be worth $5-$50. The excitement of possibly discovering a rare coin makes checking your spare change worthwhile. For more information on coin values and authentication, visit the American Numismatic Association at www.money.org. Happy coin hunting!

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