The Lincoln Wheat Penny Valued at $88 Million, Still in Circulation?

Is a mere coin in your pocket worth millions?

Did you ever wonder if a mere one-cent coin in your pocket is worth millions? A Lincoln Wheat Penny is worth only one cent in the majority of cases. But some special varieties of Lincoln Penny have been auctioned at a very high price.

These little copper pennies were produced in America from 1909 to 1958, and now they’re a valuable legacy for collectors of coins anywhere. Some special editions are so rare that it’s widely claimed that they are worth millions of bucks.

The start of an American identity

The Lincoln Wheat Penny was released for the first actual time in 1909. The purpose behind liberating this coin became to commemorate the 100th birthday of America’s splendid President Abraham Lincoln. This coin was created by the famous sculptor Victor David Brenner. This coin turned into a particular one because this became the first American coin in which the image of a living man or woman was imprinted. Previously, only the fictitious female image “Lady Liberty” was regarded on American coins.

On the obverse aspect of this coin, the face of Abraham Lincoln seemed, and on the reverse aspect, ears of wheat encompassed “ONE CENT” and “UNITED STATES OF AMERICA.” Due to this, it became called “Wheat Penny.”

These coin registers ran inside the market for about 50 years. In 1958, the design was modified to the Lincoln Memorial Design. Most of these coins are now worth an unmarried cent; however, there are special and uncommon sorts of penny coins that have changed into uncommon treasures over the years.

Most Valuable Lincoln Wheat Penny Coins

Famous Copper Penny of 1943

America required much copper during World War II because copper was used to produce weapons and war items. Because of this, America began producing penny coins from zinc-coated steel in place of copper in 1943. But an error occurred at that time.

A few copper blanks (coin casting plates) for 1942 were inadvertently left in the coin-making machines, and pennies were produced with the date 1943 stamped on them. As a result, a few extremely rare coins were produced, which are now referred to as “1943 Copper Pennies.”

According to professionals, no more than 20 original copies of such copper pennies exist in the world. Because of their extraordinarily small amount and historical significance, their fee has amounted to tens of millions of bucks. For coin creditors, that coin is nothing short of a dream.

Method to perceive 1943 Penny – Magnet take a look at

If you agree with which you own a penny coin of 1943, then you can perform an easy check—take a look at.

• If the coin adheres to a magnet, then miles from being a regular steel 1943 penny.
• If the coin does not hang to a magnet, then it can be an unprecedented copper penny, which is relatively treasured.

With this smooth test, you may be capable of realizing if the coin you possess is unique or no longer.

Why the coin’s condition is important

The actual value of any coin relies greatly on its condition. Experts grade coins using a special grading scale, which is between 1 and 70.

• MS-70: Fresh out of the factory, flawless condition with no scratches
• MS-60 to MS-69: Fresh but with slight imperfections
• AU-50 to AU-58: Almost new condition
• XF-40 to XF-45: Very fine condition
• VF-20 to VF-35: Relatively good condition
• F-12 to F-15: Fair condition with slight wear
• VG-8 to VG-10: Normal but readable condition
• G-4 to G-6: Worn but identifiable
• AG-3: Extremely worn
• P-1 to P-2: Almost worn condition

The better the condition of the coin, the higher its value.

What to do if you believe you have a rare coin

If you believe you have a Lincoln Wheat Penny that could be rare or worth money, do the following:

• Don’t clean the coin—it can lower its true value because collectors like the coin’s natural surface.
• Do proper research—verify the date, mint mark and details of the coin in detail. For this, take the assistance of reliable websites.
• Get expert advice—have the coin graded and authenticated by an expert service like
  • Professional Coin Grading Service (PCGS)
  • Numismatic Guaranty Corporation (NGC)

Key Dates and Varieties to Look For

More than money, it’s a connection to history.

Not all Wheat Pennies will make you rich, but all coins do provide a glimpse of the past. The Lincoln Wheat Penny has a history tied to many significant events in America. Those coins were circulating during:

• World War I and World War II
• The Great Depression
• The fascinating and vibrant 1920s
• The Civil Rights Movement

In this case, these coins do not exist as merely money but also as a historical document. Most people store these coins safely because they relate them to the past and make them feel they are touching history.

Conclusion

The probability of a regular Lincoln Wheat Penny on your desk being worth millions of dollars is slim, but not impossible. Certain very rare examples, such as the 1943 Copper Penny or the 1909-S VDB, have actually sold for millions of dollars.

The actual charm of such coins lies not in their cost, but in the history that surrounds them. Every coin carries a time, a tale, and an emotional recall. So if you happen to possess an ancient coin, take care of it; it could turn out to be special for you in the years to come.

FAQs

Claire