For more than a century, the Lincoln Wheat Penny has held a special place in the pockets—and hearts—of Americans. While millions were minted and circulated between 1909 and 1958, only a small number have become legendary for their rarity and value. Whether you’re a seasoned numismatist or a curious coin jar explorer, knowing what to look for could turn a humble penny into a serious payday.
Let’s explore which Lincoln Wheat Pennies are the most valuable, what features make them rare, and how to determine if you’ve struck copper gold.
A Brief History of the Lincoln Wheat Penny
The Lincoln Wheat Penny was introduced in 1909 to celebrate the 100th anniversary of Abraham Lincoln’s birth. It was a historic shift in U.S. coinage, marking the first time a real person—rather than a symbolic figure—was featured on American currency.
Designed by Victor David Brenner, the obverse showcases Lincoln’s profile, while the reverse depicts two wheat ears flanking the words “ONE CENT,” symbolizing prosperity. Though replaced by the Lincoln Memorial design in 1959, the Wheat Penny continues to captivate collectors for its historical charm and occasional high value.
Top 4 Most Valuable Lincoln Wheat Pennies
While most Wheat Pennies are worth only a few cents, some rare versions can command thousands—or even millions—at auction. Here are the most coveted:
1. 1909-S VDB Lincoln Wheat Penny
- Why it’s rare: Only 484,000 were struck with the designer’s initials “VDB” before they were removed due to public backlash.
- Mint mark: “S” for San Francisco; initials “VDB” on the reverse bottom edge.
- Value: $700 to $100,000+ depending on grade.
2. 1943 Copper Lincoln Wheat Penny
- Why it’s rare: During WWII, pennies were made from steel to conserve copper. A few were mistakenly struck on copper planchets.
- How to test: Use a magnet—steel will stick, copper won’t.
- Estimated value: $100,000 to over $1 million.
- Known examples: Fewer than 40.
3. 1922 No D Lincoln Wheat Penny
- Why it’s rare: All 1922 pennies were minted in Denver, but some coins were struck with worn dies that left off the “D” mint mark.
- Key detail: No mint mark below the date.
- Value: $500 to $12,000+ depending on condition.
4. 1955 Doubled Die Lincoln Wheat Penny
- Why it’s rare: A misalignment during minting caused dramatic doubling of the obverse text.
- What to look for: Doubling on “LIBERTY,” “IN GOD WE TRUST,” and the date.
- Value: $1,000 to $50,000+.
Value Comparison Table
| Coin Name | Year | Key Feature | Circulated Value | Mint-State Value |
|---|---|---|---|---|
| 1909-S VDB | 1909 | VDB initials, S mint | $700+ | Up to $100,000+ |
| 1943 Copper | 1943 | Copper, not steel composition | $100,000+ | Over $1 million |
| 1922 No D | 1922 | Missing Denver mint mark | $500+ | Up to $12,000+ |
| 1955 Doubled Die | 1955 | Doubled text on obverse | $1,000+ | $50,000+ |
How to Check If You Have a Rare Lincoln Wheat Penny
1. Inspect the Date and Mint Mark
Use a magnifying glass to examine the date and mint mark (S, D, or none). Some years are significantly more valuable than others.
2. Look for Errors
- Doubled dies
- Missing mint marks
- Wrong metal composition
3. Weigh and Magnet Test
A 1943 copper penny will not stick to a magnet and will weigh slightly more than the steel version.
4. Evaluate Condition
Coin grade drastically affects value. A worn coin may be worth $100; a mint-state version could be worth thousands. Consider professional grading with PCGS or NGC for high-value finds.
Where to Sell or Appraise Your Coin
- Online Auctions: eBay, Heritage Auctions, Stack’s Bowers
- Coin Dealers: Many offer free appraisals and may purchase directly
- Coin Shows: Great for meeting reputable buyers
- Grading Services: Use PCGS or NGC for authentication and value verification
Why Lincoln Wheat Pennies Remain Popular
Their accessibility, rich history, and rising values make Lincoln Wheat Pennies especially appealing to collectors. Even novice collectors can find them in inherited collections, thrift store finds, or old coin jars. With rising interest in tangible assets, these small copper coins are now viewed as affordable gateways into numismatics—and potential investments.
Whether you’re chasing rare errors or exploring family coin boxes, Lincoln Wheat Pennies remain a fascinating and potentially lucrative part of American history.
FAQs
What is the rarest Lincoln Wheat Penny?
The 1943 Copper Penny is considered the rarest and most valuable, with only a few dozen known to exist.
How do I know if my Wheat Penny is valuable?
Check for key years (1909-S VDB, 1922 No D, 1943 Copper, 1955 Doubled Die), condition, and mint marks. Use a coin appraisal service for confirmation.
