Is a Rare Lincoln Wheat Penny Worth $2.3 Million Still in Circulation? Here’s the Truth
3 min read
Evan Kissner / Evan's Studio: Getty
Recent social media buzz has reignited discussions about a rare Lincoln Wheat penny, with claims suggesting it could fetch up to $2.3 million. While the idea of stumbling upon such a fortune in your pocket change is enticing, these claims are largely speculative. Here’s what we know about this elusive coin and its real value.
The Lincoln Bronze Wheat Penny: A Historical Treasure
Designed by Victor D. Brenner in 1943, the Lincoln Bronze Wheat Penny holds a unique place in U.S. numismatic history. During World War II, pennies were typically struck from steel to conserve copper for the war effort. However, a small number of these coins were accidentally made using bronze, creating an exceptionally rare variant.
The 1943-D Lincoln Bronze Wheat Penny, struck at the Denver Mint on a bronze planchet, is among the rarest and most valuable U.S. coins. Made of 95% copper and 5% tin and zinc alloy, its rarity and historical significance make it highly sought after by collectors.
DAD HAS A 1909 LINCOLN WHEAT PENNY AND HE WON'T GIVE IT TO ME BUT HE DID GIVE ME THIS 1910 ONE AND DEAR READER I AM SO EXCITED I'M ABOUT TO CRY pic.twitter.com/uFtCMkYLbj
— Larissa '👻 geesty season 👻' Fae (@LarissaFae) November 3, 2023
Valuation and Auction History
In 2010, a 1943-D Lincoln Bronze Wheat Penny sold for $1.7 million, and its estimated value in mint uncirculated condition has since risen to $2.3 million. Despite rumors of new sales, there is no concrete evidence to suggest a recent auction matching this price point.
In fact, a Lincoln Bronze Wheat Penny was sold for $840,000 in a recent auction, a figure still remarkable but far from the $2.3 million mark. It’s worth noting that only one known example of this coin exists, further fueling its legendary status.
Most Valuable U.S. Pennies
The Lincoln Bronze Wheat Penny leads the list of valuable U.S. pennies, followed by other rare finds:
- 1944-S Steel Wheat Penny: $1.1 million
- 1793 Strawberry Leaf Cent: $862,000
- 1943-S Lincoln Cent (Bronze): $282,000
Other valuable examples include the 1909 VDB Matte Proof Lincoln Penny and the 1958 Doubled Die Obverse Cent, showcasing the enduring appeal of rare pennies.
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— opus.btc (@30070_eth) November 30, 2024
CENTS by Rutherford Chang x @sovrnart
1909 – 1958: Lincoln Wheat Penny
– On the 100th birthday of Abraham Lincoln, the… pic.twitter.com/ptoaNe6ifa
Are These Coins Still in Circulation?
While the possibility of a rare Lincoln Bronze Wheat Penny being found in circulation is remote, it isn’t entirely impossible. Coins can resurface in unexpected places, though the chances are slim given the rarity and value of these collectibles.
For collectors and enthusiasts, the buzz surrounding these coins highlights the importance of inspecting pocket change carefully. Even if you don’t discover a $2.3 million penny, you might still stumble upon a smaller treasure worth adding to your collection.
Shivam Kumar
Hi, I'm Shivam Kumar. I'm pursuing Journalism honors from the IP University. I love the skill of writing and looking forward to learn more of it. Also I love traveling and experiencing new things every day....
