A single penny may seem insignificant, but in the world of coin collecting, one small copper coin could change your life. Among the most legendary finds is a 1943 Lincoln Wheat Penny that sold for an astounding $18.9 million. That’s right—one cent with the right characteristics could be worth more than most luxury homes.
Let’s explore what makes this penny so valuable, how to identify it, and whether one could be hiding in your pocket or coin jar.
The $18.9 Million Lincoln Wheat Penny: Why It’s So Valuable
The record-breaking Lincoln Wheat Penny in question is a 1943 copper error coin, considered one of the rarest and most prized in U.S. numismatic history. While most 1943 pennies were made of steel due to a wartime copper shortage, a few were mistakenly struck on leftover copper blanks (planchets) from 1942.Only about 20 authentic 1943 copper pennies are known to exist today, making them exceptionally rare. The one that fetched $18.9 million at auction was in pristine condition, likely graded MS-65 or higher—contributing to its staggering value.
How to Identify a 1943 Copper Penny
Think you might have one of these unicorns in your change? Here’s how to do a quick check:
Date Check
The coin must be stamped with the year 1943.
Color Comparison
Most 1943 pennies are gray (steel); a copper version will appear reddish-brown or copper-toned.
Magnet Test
Steel pennies are magnetic. If your 1943 penny does not stick to a magnet, you may have a copper version.
Weight Test
Use a digital scale to weigh the coin:
Steel penny: ~2.7 grams
Copper penny: ~3.11 grams
A heavier coin may be the real deal.
Mint Mark
A 1943 copper penny might include a “D” (Denver) or “S” (San Francisco) mint mark. No mint mark indicates Philadelphia.
⚠️ Beware of fakes. Counterfeits and altered coins (e.g., 1948 pennies altered to look like 1943) are common. Always verify authenticity with a professional.
Other Rare Lincoln Wheat Pennies to Watch For
The 1943 copper penny isn’t the only Lincoln Wheat cent worth serious cash. Several other variations are valuable due to rarity or unique errors:
| Year | Mint Mark | Estimated Value | Why It’s Valuable |
|---|---|---|---|
| 1909-S VDB | San Francisco | $700–$4,000+ | Low mintage, designer’s initials |
| 1914-D | Denver | $200–$3,000+ | Scarce date |
| 1922 No D | Denver | $500–$10,000+ | Missing mint mark error |
| 1955 Doubled Die | Philadelphia | $1,000–$15,000+ | Obvious double die error |
| 1944 Steel | Any Mint | $10,000–$100,000+ | Rare leftover steel blanks |
These coins are rare but can still be found in collections, rolls, and even loose change if you’re lucky.
Where to Find Rare Pennies
Finding a rare penny is like winning a mini lottery—and it can happen in the most unexpected places. Here’s where to look:
- Bank coin rolls – Especially older rolls from long-time collectors
- Loose change – Check your everyday coins
- Estate or garage sales – Coin collections often go unnoticed
- Old piggy banks or jars – Many families have hidden treasures
Always take a second look when you handle old coins—it could be the find of a lifetime.
What to Do If You Think You’ve Found a Rare Penny
Think you’ve hit the penny jackpot? Here’s what to do:
- Run the magnet test and weigh the coin.
- Look closely for mint marks or doubling errors.
- Avoid cleaning the coin—this can reduce its value dramatically.
- Consult an expert. Visit a coin dealer or send the coin to a professional grading service like:
- PCGS (Professional Coin Grading Service)
- NGC (Numismatic Guaranty Corporation)
A professional can confirm the coin’s authenticity and value, helping you decide whether to keep or sell.
Final Thoughts: A Penny Could Make You a Millionaire
The legendary 1943 copper penny is a powerful reminder that extraordinary value can come in the smallest form. While rare, these coins are still out there, waiting to be discovered by sharp-eyed collectors or everyday people sorting through change.
So next time you find a 1943 penny—or any older coin—don’t dismiss it. Run a few quick tests. You might be holding onto a multimillion-dollar treasure.
