Could a Penny Be Worth $7.9 Million? The Story of the Rare 1943 Lincoln Wheat Penny
Most people wouldn’t think twice about a penny. But in the world of coin collecting, one special penny has shocked everyone by being worth a jaw-dropping $7.9 million. This rare coin is a 1943 Lincoln Wheat Penny, and it’s one of the most talked-about coins in American history.
What Makes the Lincoln Wheat Penny Special?
The Lincoln Wheat Penny was first made in 1909 to celebrate the 100th birthday of President Abraham Lincoln. It was designed by Victor D. Brenner, with Lincoln’s face on one side and two wheat stalks on the back. These pennies were made until 1958, when the design was changed to the Lincoln Memorial version.
Most Wheat Pennies are only worth a cent or slightly more. But some rare versions, like the 1943 copper penny, are worth a fortune.
The $7.9 Million Penny: A Rare Mistake
During World War II, the U.S. Mint needed copper for the war. So in 1943, they made pennies out of steel instead of copper. These steel pennies had a shiny, silvery look.
However, a few copper blanks accidentally got used during the minting process. As a result, a tiny number of 1943 copper pennies were created by mistake. It’s believed that fewer than 20 of these coins exist today.
Because of their extreme rarity, wartime history, and the fact that they were never meant to be made, these copper pennies are incredibly valuable. One of the finest examples sold for $7.9 million at auction.
Could One Still Be Out There?
It might sound crazy, but yes—one of these rare coins could still be in someone’s change jar or pocket. Over the years, several people have found valuable coins just by chance. Some of the known 1943 copper pennies were found in everyday circulation.
That’s why coin experts believe there could still be a few undiscovered ones out there. You might have one and not even know it.
How to Tell if You Have a 1943 Copper Penny
Here’s what to look for:
- Check the year: It must say 1943.
- Look at the color: Steel pennies look silver, but the rare ones are copper-colored.
- Try a magnet test: Steel pennies stick to a magnet. Copper ones do not.
- Check for a mint mark: Look below the year for a “D” (Denver), “S” (San Francisco), or no mark (Philadelphia). All are valuable, but Denver ones are the rarest.
Important: Lots of fake versions exist. If you think you’ve found one, have it checked by a professional coin expert before doing anything else. Don’t clean or polish it—this can ruin its value.
The Coin Collecting Craze
The 1943 copper penny has become a legend among collectors. Its value isn’t just about the money—it’s about the story, the mistake, and the history behind it. It’s a perfect example of how something small and ordinary can become extraordinary.
People all over the world are fascinated by rare coins. Even if you don’t find the $7.9 million penny, you might discover other valuable coins like the 1909-S VDB, 1914-D, or 1922 plain Wheat Pennies, which can be worth thousands.
Coin collecting is more than a hobby—it’s a treasure hunt. And the thrill of the search is half the fun.
FAQs
1. Why is the 1943 copper Lincoln penny so valuable?
It was made by mistake during World War II when pennies were supposed to be made of steel. Only a few copper ones were minted, making them extremely rare and highly valuable to collectors.
2. How can I tell if my 1943 penny is copper or steel?
Try the magnet test. Steel pennies will stick to a magnet. Copper ones won’t. Also, look for a brown or reddish color instead of a silvery shine.
3. Is it still possible to find a 1943 copper penny today?
Yes, though it’s very unlikely. A few have been found in old change jars or coin collections. Some may still be out there, unnoticed.
4. What should I do if I think I found a rare penny?
Don’t clean or alter it. Keep it safe in a soft holder and take it to a certified coin expert or numismatist to have it examined professionally.
Disclaimer: This article is for informational use only. Coin values can change based on condition and demand. Always seek advice from professionals before making coin-related decisions.