Imagine finding an old coin in your change and discovering it’s worth over ₹1 crore!. Believe it or not, someone once found a rare Lincoln Wheat Penny that fetched an astonishing $155,000 at auction! This article breaks down why this humble penny is so valuable, how to identify it, and the surprising places you might find one.
What is the Lincoln Wheat Penny?
The Lincoln Wheat Penny is a historical coin from the United States, first introduced in 1909. It features Abraham Lincoln on the front and two wheat ears on the back. This design remained in circulation until 1958, after which it was replaced by the Lincoln Memorial version.
Over time, these pennies have grown popular among coin collectors. Some rare editions are now worth thousands—even lakhs—of rupees.
Why is This Coin Worth $155,000?
Although not all Lincoln Wheat Pennies carry high value, a few are exceptionally rare. One of the most prized versions is the 1943 copper penny. That year, due to World War II, the U.S. shifted penny production to steel to conserve copper for military needs.
However, a small number of pennies were mistakenly struck using copper. These copper 1943 coins are extremely scarce, which has made them a treasure among collectors.
One such penny was recently sold for $155,000, making it one of the most desirable coins in the world.
How to Identify the Rare 1943 Copper Penny
If you’re curious whether you own one of these rare coins, here are some helpful tips to check:
- Look at the Date – You’ll need a penny with “1943” on it.
- Try the Magnet Test – Steel pennies stick to magnets; copper ones do not.
- Check the Shade – Copper has a reddish tone, while steel looks grey.
- Spot Mint Errors – Coins with unusual features, like doubled prints or faded letters, could be worth more.
- Check Condition – Coins that are well-preserved usually sell for a higher price.
Where to Find One
Though these rare coins are hard to come by, they can still appear in unexpected places. Here’s where to look:
- Change from Shops – Always take a quick glance at the coins you get back.
- Old Piggy Banks – Long-forgotten savings might hold a hidden gem.
- Household Coin Jars – Sorting through old jars could reveal something special.
- Thrift Stores or Flea Markets – Sometimes, valuable coins are mixed in with ordinary ones.
- Family Collections – Coins passed down through generations could include rare ones.
What Should You Do If You Find One?
If you believe you’ve found a rare 1943 copper penny, here are the next steps:
- Handle with Care – Avoid cleaning or damaging the coin.
- Magnet Test – This simple test helps confirm if the coin is steel or copper.
- Compare with Known Examples – Use online photos to help identify.
- Get a Professional Opinion – A certified coin dealer can verify authenticity.
- Think About Selling – If genuine, you might be able to sell it for a large sum at an auction or through reputable dealers.
The 1943 copper Lincoln Wheat Penny might appear ordinary, but its rarity can make it incredibly valuable. With one recently sold for ₹1 crore ($155,000), it’s worth checking your spare change. Who knows—you might be holding a piece of history!
FAQ’s
What is the Lincoln Wheat Penny?
It’s a U.S. coin minted from 1909 to 1958, featuring Abraham Lincoln on the front and wheat stalks on the back.
Why is the 1943 Lincoln Penny worth $155,000?
During 1943, pennies were made from steel to save copper for the war. A few were mistakenly minted in copper, making them extremely rare.
How can I tell if my 1943 penny is copper?
Use a magnet. If it sticks, it’s steel. If not, it might be copper. The color is another clue—copper has a reddish look.
Where can I find a rare Lincoln Wheat Penny?
Check your loose change, piggy banks, old jars, thrift stores, or inherited coin collections.
What should I do if I find a 1943 copper penny?
Keep it secure, don’t clean it, and get it checked by a professional. If it’s real, you might be able to sell it for a high price.
Susan is a seasoned finance writer with a knack for breaking down complex money topics into clear, actionable advice. With years of experience in personal finance, investing, and market trends, she empowers readers to make smarter financial decisions. Her work has been featured in leading finance blogs and publications, where she combines sharp analysis with relatable storytelling. Whether it’s budgeting, wealth-building, or decoding the latest economic shifts, Susan’s mission is to help people take control of their financial future with confidence.