The Lincoln Wheat Penny Valued at $900K, Still in Circulation

Many people do not pay much attention to the coins they carry in their pockets, but some rare pennies could be worth a fortune. One such coin is the Lincoln Wheat Penny, which has been valued at an astonishing $900,000. The surprising fact is that this rare penny is still believed to be in circulation, meaning that anyone could find it in their spare change.

What is the Lincoln Wheat Penny?

The Lincoln Wheat Penny was first minted in 1909 and remained in production until 1958. It was the first U.S. coin to feature the image of President Abraham Lincoln. The coin gets its name from the two wheat stalks on the reverse side, which symbolize prosperity. Over the years, several variations of this coin have been minted, some of which are now extremely valuable.

Why is This Particular Penny Worth $900,000?

The reason behind the huge value of this specific Lincoln Wheat Penny is due to minting errors and rare metal composition. Some pennies were mistakenly struck on bronze planchets instead of steel during World War II. In 1943, the U.S. Mint switched from copper to zinc-coated steel to save copper for war supplies. However, a few bronze pennies were accidentally produced, making them extremely rare and valuable.

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One of these rare 1943 Bronze Lincoln Wheat Pennies was sold for $900,000 at an auction due to its historical importance and rarity. Experts believe that a few more of these rare coins are still out there, hiding in everyday transactions.

How to Identify the Valuable Lincoln Wheat Penny?

If you want to check if you have a valuable Wheat Penny, here are some key things to look for:

1. Date and Mint Mark – The most valuable version of the penny is the 1943 Bronze Lincoln Wheat Penny. If you find a 1943 penny made of copper instead of steel, you might have a rare treasure.
2. Magnet Test – The 1943 pennies were mostly made of steel, which means they stick to a magnet. If your 1943 penny does not stick to a magnet, it could be the rare bronze version.
3. Weight Check – A regular 1943 Steel Penny weighs 2.7 grams, while the rare Bronze Penny weighs around 3.11 grams. If you have a scale, this is another way to check.

Other Valuable Lincoln Wheat Pennies

Apart from the 1943 Bronze Penny, there are other rare versions that could be valuable, such as:

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• 1909-S VDB Lincoln Penny – Valued at up to $100,000 due to its limited production.
• 1944 Steel Wheat Penny – Another minting error, worth over $100,000.
• 1955 Double Die Penny – A misprint where the date and letters appear doubled, valued at $1,000 to $50,000.

Could You Find One in Your Pocket?

Many collectors and coin experts believe that some of these valuable 1943 Bronze Wheat Pennies are still in circulation. If you happen to find one in your spare change or old coin collection, you could be holding a fortune in your hands. It is always worth checking your pennies carefully, as they might be worth much more than just one cent!