The Lincoln Wheat Penny Worth $99 Million: What You Should Know
Some coins may seem ordinary at first glance, but a few rare ones could actually be worth a fortune. One example is the Lincoln Wheat Penny. While it’s a common sight in old coin jars and spare change, certain rare versions of this penny have sparked rumors of being worth as much as $99 million. It’s this surprising potential value that keeps collectors and everyday people on the lookout for these tiny treasures.
Where It All Began
The Lincoln Wheat Penny was first made in 1909 to mark 100 years since President Abraham Lincoln’s birth. It was a big moment in U.S. coin history, as it was the first time a real person’s face appeared on a regular coin. The design was created by Victor David Brenner, a sculptor who made a respectful portrait of Lincoln that people quickly admired. This set the stage for future coins in America.
The Wheat Penny Design
On the back of the coin, two wheat stalks frame the words “ONE CENT” and “UNITED STATES OF AMERICA.” This design reflected America’s farming roots at the time. The wheat design stayed on the penny from 1909 to 1958, with billions of them made during that period.
A Rare Mistake in 1943
One of the most valuable Lincoln Wheat Pennies comes from 1943, during World War II. That year, copper was needed for the war, so the U.S. Mint used steel coated with zinc to make pennies. However, a small number of copper coins were mistakenly made that year. These rare 1943 copper pennies are now worth a lot of money—possibly even millions—because only a handful exist.
Why They’re So Valuable
Less than 20 of these copper pennies from 1943 are known to exist. Their rarity and the story behind them make them some of the most desired coins among collectors. While most 1943 pennies were made from steel and are common, the copper versions are rare mistakes from a very important time in history. That’s what gives them their extreme value, with estimates of a perfect one selling for up to $99 million.
Other Valuable Mistakes
The 1943 copper penny isn’t the only valuable coin in this series. Another example is the 1955 Doubled Die penny. During minting, an error caused the date and lettering to appear doubled. This mistake is easy to spot and highly collectible. Well-preserved examples can sell for thousands of dollars.
Condition Is Key
A coin’s condition has a big impact on its value. Collectors use a grading system to judge the quality of a coin—from very worn to mint condition. A rare coin that’s in excellent shape can sell for much more than one that’s scratched or faded. That’s why finding a rare coin in great condition can be especially exciting.
More Than Just Money
These old Lincoln Wheat Pennies also have historical meaning. They were used during major moments in American history—wars, economic changes, and everyday life. Holding one of these pennies, especially a rare 1943 copper version, is like holding a piece of the past.
Still Out There? Maybe
Some of these valuable pennies may still be in circulation or hidden away in old collections. While finding one in your change is rare, people do come across them at estate sales, in family coin jars, or from coin rolls at the bank. Even more common Wheat Pennies can be worth more than a cent if they’re in great condition.
What To Do If You Find One
If you think you’ve found a valuable penny, don’t clean it. Cleaning can lower its value by damaging the surface. Instead, have it looked at by a professional coin grading service. They’ll check its authenticity and protect it in a sealed case, keeping it safe and preserving its value.
Final Thoughts
As of 2025, while $99 million is a high estimate for a perfect 1943 copper penny, most Lincoln Wheat Pennies are only worth slightly more than face value. But the chance of discovering a rare and valuable coin keeps collectors interested. It’s one of the few hobbies where a simple penny could turn into a life-changing find.
Disclaimer
This article is for informational purposes only. Coin values can change based on demand, condition, and other factors. If you think you have a valuable coin, always get it checked by a professional before buying or selling.