The Lincoln Wheat Penny is a classic piece of U.S. currency, known for its iconic image of President Abraham Lincoln on the front and two wheat ears on the back.
Though it may appear to be an ordinary penny to most, one particular version of this coin has recently been estimated to be worth a staggering $55 million.
Incredibly, this coin is not just a museum artifact—it’s still out there in circulation, which means someone could unknowingly possess it in their spare change.
A Glimpse into the History of the Lincoln Wheat Penny
Introduced in 1909, the Lincoln Wheat Penny was created to celebrate the 100th birthday of Abraham Lincoln. The design was the work of artist Victor David Brenner, featuring Lincoln’s profile on one side and wheat stalks on the other.
This design served the nation for nearly 50 years, until it was succeeded by the Lincoln Memorial reverse in 1959. While no longer produced, the Wheat Penny remains a favorite among coin collectors and history lovers alike.
The 1943 Lincoln Wheat Penny – A Rare Twist of Fate
During World War II in 1943, the U.S. government faced a copper shortage, prompting the Mint to produce pennies using zinc-coated steel instead.
However, due to a minting error, a few of these coins were accidentally struck using copper blanks. This resulted in the creation of the extremely rare 1943 copper Lincoln Wheat Penny.
Only a few of these copper coins were ever made, but they’ve become legendary in the numismatic world—one of them has even been valued at $55 million, making it one of the most valuable coins on record.
Why Is the 1943 Copper Lincoln Wheat Penny Worth $55 Million?
The primary reason for the sky-high valuation is the coin’s rarity. Out of the billions of pennies produced in 1943, just a small number were mistakenly minted using copper.
Because they were initially unrecognized, many of these rare coins ended up being spent or melted. Today, finding one is nearly impossible.
Additionally, condition greatly affects a coin’s value. The $55 million specimen is in top-tier condition, free from blemishes, making it even more desirable to collectors and investors.
Still in Circulation: Can You Find the $55 Million Penny?
Surprisingly, this rare 1943 copper penny is still considered legal tender, which means it could technically be found in everyday change.
However, with only a few known examples in existence, the odds of discovering one are extremely low.
Most 1943 pennies that people come across are the more common steel versions, which hold far less value. Nevertheless, going through old coin jars from the 1940s might just uncover an unexpected fortune.
How to Identify the 1943 Copper Lincoln Wheat Penny
If you suspect you’ve found a 1943 copper penny, start by checking its color. Unlike the steel version, which is silver-colored, the copper version has a reddish-brown tone.
Weight is another clue—copper pennies are heavier than their steel counterparts.
To be sure, have the coin examined by a professional coin dealer or numismatist. These experts can confirm its authenticity and determine its true value.
The Importance of Coin Collecting
Uncovering a coin as rare as the 1943 copper Lincoln Wheat Penny can be a thrilling experience. Coin collecting, also known as numismatics, is a hobby that has fascinated enthusiasts for generations.
Many collectors specialize in specific coins like the Wheat Penny, searching for rare examples to complete their sets.
Even if you never find a multimillion-dollar coin, collecting can be a fun, educational activity. Coins offer insights into historical events, societal changes, and notable figures from the past, making them rich sources of learning.
FAQs
How can I identify the rare 1943 copper Lincoln Wheat Penny?
Look for a reddish-brown color rather than silver. The copper version will also be slightly heavier than the steel one.
Is the $55 million penny still in circulation?
Yes, technically it’s still out there, but only a few exist, so finding one is extremely unlikely.
Why is the 1943 copper penny so valuable?
Its value comes from its rarity and the historical minting error that created it. Only a few were made, and even fewer survive.
How can I sell a rare penny like the 1943 copper Lincoln Wheat Penny?
Start by having the coin authenticated and appraised by a professional numismatist. Then, you can sell it through reputable auction houses or coin dealers.
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.