Imagine finding a penny in your pocket that could change your life forever. It might sound like a dream, but it’s a real possibility if you come across the legendary 1943 copper Lincoln Wheat Penny, now valued at a whopping $11.1 million. This rare coin isn’t just valuable—it’s one of the most famous and sought-after coins in American history. Even more amazing? It might still be hiding in plain sight, tucked away in someone’s change jar or wallet.
The Birth of the Lincoln Wheat Penny
The Lincoln Wheat Penny made its debut in 1909, marking 100 years since President Abraham Lincoln was born. And get this—it was the first U.S. coin to feature a real person’s face. Before that, coins usually showed symbols like Lady Liberty, not actual people.
Designed by artist Victor D. Brenner, the coin features Lincoln’s profile on the front and two wheat stalks on the back—symbolizing prosperity. It stayed in production until 1958, when the design switched to the Lincoln Memorial.
Over time, some of these wheat pennies became insanely valuable, especially certain rare editions like the 1909-S VDB, the 1943 copper penny, and coins with unique minting errors.
A World War II Mistake Made This Coin a Fortune
During World War II, copper was needed for making bullets and other military items. So in 1943, the U.S. Mint started making pennies from steel coated in zinc to save copper. But by accident, a few leftover copper coin blanks from 1942 were still in the machines. These were stamped with the 1943 penny design, making a rare error coin—one of the most valuable in history.
Why This Penny Is Worth Millions
Only about 20 real 1943 copper pennies are known to exist. One of them, in excellent condition and graded MS-63 Red Brown by the PCGS (Professional Coin Grading Service), sold for $11.1 million. Its extreme rarity, the unusual error, and its link to WWII make it incredibly valuable. For coin collectors, it’s a dream find.
Can You Really Find One in Circulation?
Surprisingly, yes. These coins were never recalled, which means one could still be out there in someone’s coin jar, wallet, or even in store change. Because pennies are so common, people rarely check them carefully—making it possible a fortune could be overlooked.
How to Tell If You Have the Rare 1943 Copper Penny
To identify a genuine 1943 copper penny:
- Color: It should have a copper color (not silver).
- Magnet Test: Use a magnet—steel pennies from 1943 will stick to it. If yours doesn’t stick, it could be copper and possibly rare.
- Weight: It should weigh about 3.11 grams.
- Professional Grading: For confirmation, have it authenticated by a professional grading service like PCGS or NGC.
Other Rare Pennies to Keep an Eye Out For
Even if you don’t find a 1943 copper penny, there are other valuable Lincoln Wheat Pennies to look for:
- 1909-S VDB: Minted in San Francisco, these pennies are rare due to a low mintage and the controversial inclusion of designer Victor David Brenner’s initials.
- 1955 Double Die: Known for its noticeable date and lettering error, this penny is highly sought after by collectors.
- 1944 Steel: A misstruck penny from 1944, made on a steel planchet instead of copper, is another rare find.
Why Coin Collecting is Still Popular
Coin collecting isn’t just about money—it’s about history, art, and the thrill of discovery. Each coin has a story to tell, connecting us to different times and places. Whether you’re a seasoned collector or just starting, checking your change can be an exciting adventure.
Final Thoughts
The possibility of finding a penny worth millions adds an element of excitement to everyday life. While the odds are slim, the stories of those who have discovered such treasures remind us that sometimes, fortune is just a coin flip away.