Imagine finding a small, copper-colored coin in your change that’s worth a jaw-dropping $12.9 million. Sounds like a dream, right? But experts believe one of the rarest and most valuable coins—a Lincoln Wheat Penny—could still be out there in regular circulation. This idea has coin collectors and curious people alike checking their pockets in hopes of finding this hidden treasure.
The History Behind the Lincoln Wheat Penny
The Lincoln Wheat Penny has been around for a long time. It was first made in 1909 and continued until 1958. Designed by artist Victor D. Brenner, the front of the coin (called the “obverse”) features President Abraham Lincoln. The back shows two wheat stalks and the words “ONE CENT” and “UNITED STATES OF AMERICA.”
Most of these pennies aren’t worth much today—just a few cents—but some rare versions are worth a fortune. The one said to be worth $12.9 million is likely special because of a minting mistake or rare materials used when it was made.
Why Is This Penny Worth So Much?
There are a few reasons why this particular penny could be worth millions:
- Minting Errors: Mistakes like double stamping or missing letters can make a coin extremely rare and valuable.
- Limited Numbers: Coins made in smaller amounts are harder to find and worth more.
- Unique Material: In 1943, most pennies were made from steel to save copper for the war. A few were still made from copper by mistake—and these are now incredibly valuable.
If your penny has one or more of these features, it could be something special.
How to Spot a Rare Lincoln Wheat Penny
If you want to try your luck, here are some things to check:
- Look at the year. Rare years include 1909, 1914, 1922, 1943, and 1955.
- Check for mint marks. Small letters under the date like “S” (San Francisco) or “D” (Denver) can mean it’s rarer.
- Inspect for mistakes. Double stamps or missing parts can increase the value.
- Try the magnet test for 1943 pennies. If it sticks to a magnet, it’s steel and common. If not, it could be a rare copper version.
Where to Sell Your Rare Penny
Think you’ve found something valuable? Here’s what to do next:
- Visit a certified coin dealer. They can give you a professional opinion.
- Use auction sites. Websites like eBay or Heritage Auctions are great for rare coin sales.
- Attend coin shows. Experts can evaluate your coin, and you might find a buyer on the spot.
- Get it graded. Services like PCGS or NGC can certify and grade your coin, which helps prove its value to buyers.
Why a $12.9 Million Penny Might Still Be in Circulation
You may wonder how such a valuable coin hasn’t been found yet. The truth is, most people don’t realize how much their old coins are worth. Many valuable pennies look almost identical to regular ones, so they can easily go unnoticed. Plus, billions of coins are exchanged every day in the U.S.—so there’s always a chance one might slip through.
The Fun of Coin Hunting
Finding a penny worth millions is rare, but it does happen. Some people have found them in inherited coin collections or even rolls of pennies from the bank. Collecting coins isn’t just about money—it’s also about the thrill of the hunt and the joy of holding a piece of history.
Even if you never find a million-dollar coin, checking your change could still lead to smaller treasures—and it’s a fun, easy hobby anyone can enjoy.
FAQs
Q1: How can I tell if my 1943 penny is valuable?
Try the magnet test. If the coin doesn’t stick to a magnet, it could be the rare copper version. If it does stick, it’s the common steel one.
Q2: What years of Lincoln Wheat Pennies are the most valuable?
Look out for 1909-S VDB, 1914-D, 1922 plain, 1943 copper, and 1955 double die. These are known for being especially rare.
Q3: Is it worth getting my penny professionally graded?
Yes. A professional grading service like PCGS or NGC can authenticate and assign a value to your coin, often increasing its worth and making it easier to sell.
Q4: Can I still find valuable pennies in circulation today?
Yes, although it’s rare. Many people don’t recognize valuable pennies, so it’s possible to find one in pocket change, coin jars, or rolls from the bank.
Disclaimer:
This article is for informational purposes only. Coin values can change over time, and expert advice is always recommended. If you believe you have a rare coin, have it checked by a professional before selling or making financial decisions.