There are certain coins in the world whose tales fascinate $999 individuals in a magical manner. Consider, a coin that looks plain can be worth millions of dollars! This notion not only entices coin collectors but also fascinates ordinary people.
While some of these tales might be myths, the hope of discovering rare and valuable coins still lives on for most individuals.
The history of the Lincoln Wheat Penny started in 1909, when the US Mint introduced it to mark the 100th birth anniversary of Abraham Lincoln. Even though the coin continued to be part of the US currency for decades, some special issues have become so rare and valuable that they are considered real treasures today.
Most Valuable Lincoln Wheat Penny
Some special issues have sold for a lot of money over the years, particularly when there has been an error in their minting or when they were printed in low quantities. Let’s learn about some of the rarest and most expensive Lincoln Wheat Pennies.
1943 Copper Penny – A Historical Mistake That Became a Rare Treasure
During 1943, there was a copper shortage because of World War II, so the Lincoln Wheat Penny was scheduled to be issued in steel. However, through an error, some coins were struck in copper with some 1942 copper blanks.
This error has rendered it one of America’s most valuable coins today. Some 1943 copper pennies have been sold for over $1 million at auction.
1909 V.D.B. Lincoln Penny – A Small Print, Big Price
When the Lincoln Wheat Penny was introduced for the first time in 1909, it had “VDB” written on its back, which were the initials of its creator, Victor David Brenner. But soon, it was deleted in view of public opposition.
Nevertheless, only 484,000 of such coins were circulated before the alteration. Nowadays, if the coin is found to be in good condition, it can cost more than $100,000 (approximately Rs 80 lakh).
Can a Lincoln Wheat Penny be worth up to $999 Million?
Rumors are that some Lincoln Wheat Pennies are worth as much as $999 billion. But this has no facts. It is true that collectible coins may go for millions when they are sold at auction, but saying so high appears to be purely myth.
How is the value of coins determined?
If you need to learn the value of the Lincoln Wheat Penny that you have, then there are certain considerations to be noted.
1. Authenticity
Any coin is valued based on its authenticity. It is tested by experts to ascertain its weight, mintmark, and if it is undamaged. As an example, an authentic 3.11-gram Lincoln Wheat Penny that remains unharmed is worth money.
2. Condition & Preservation
The maintenance of a coin also impacts its value. If a coin is scratch-free, not distorted, and in fine condition (mint state), it can be worth thousands of dollars. Specialists advise that coins should never be cleaned, as this can devalue them. Store them in a suitable plastic case or capsule.
Could you have a rare coin?
If you believe you have a rare Lincoln Wheat Penny, reach out to a seasoned numismatist or an official grading service (PCGS, NGC). They can determine the coin’s actual value and authenticity.
Could you find treasure in your pocket?
Even though they are not common, Lincoln Wheat Pennies are not readily available, but there is always a chance. If you have an assortment of vintage coins or somehow get your hands on a 1909 VDB, a 1943 copper, or some other rare iteration, don’t be so foolish as to spend it immediately. This might be a once-in-a-lifetime chance for you!
Conclusion
The Lincoln Wheat Penny is an example of how a tiny error or minimal production can turn a coin incredibly rare. Not all coins are mere money.
FAQS:
Are there still valuable Lincoln Wheat Pennies in circulation?
There are some scarce Wheat Pennies that can still be located in spare change or stored elsewhere. Before releasing them, though, it would be nice to give them a second look!