The Lincoln Wheat Penny, minted from 1909 to 1958, is a staple in American coin collections. While many of these pennies are common, certain rare varieties can be worth substantial amounts.
Identifying these valuable coins requires attention to specific details and historical context.
1909-S VDB Lincoln Cent
In 1909, the U.S. Mint released the Lincoln cent to honor the 100th anniversary of Abraham Lincoln’s birth. The designer, Victor David Brenner, included his initials “VDB” on the reverse side of the coin.
However, due to public criticism regarding the prominent placement of his initials, they were quickly removed. Only 484,000 of these coins were struck at the San Francisco Mint, resulting in one of the rarest and most valuable Lincoln Wheat Pennies.
Coins in good condition can sell for hundreds, while mint state examples can fetch thousands.
1943 Bronze/Copper Penny
Amidst World War II, copper was reserved for military use, and pennies in 1943 were made using zinc-coated steel. Despite this switch, a few bronze planchets from the previous year mistakenly remained in the mint presses, resulting in an extremely rare error coin—the 1943 bronze penny.
These coins are easily distinguished by their color and magnetic properties and are considered among the most valuable Lincoln cents ever produced. A genuine 1943 bronze penny can command a six-figure price at auction.
1955 Doubled Die Obverse
A highly sought-after error in the coin collecting world, the 1955 doubled die obverse penny resulted from a misalignment during the minting process. The doubling is clearly visible on the inscriptions “LIBERTY” and “IN GOD WE TRUST.”
These errors were released into circulation before they were discovered, making them available to the public. A 1955 doubled die penny in excellent condition is extremely valuable and continues to be one of the most popular varieties in the Lincoln cent series.
1922 No D Penny
In 1922, all Lincoln cents were minted in Denver and should bear the “D” mint mark. However, due to excessive die polishing, some coins were struck without the mint mark, creating the rare “No D” variety.
These pennies are valuable due to their uniqueness, especially when the rest of the coin remains well-struck. Collectors seek out the clearer examples of this anomaly, with values varying based on sharpness and wear.
1944 Steel Penny
After the war, the Mint resumed copper production for pennies. However, a few leftover steel planchets from 1943 found their way into the presses and were struck in 1944. The result was a steel penny with a 1944 date—a rare and highly collectible error.
These coins are distinguishable by their silver appearance and are not attracted to magnets like their 1943 counterparts. A 1944 steel penny in uncirculated condition is a prized find and can be worth a substantial amount.
| Year | Variety | Description | Mintage | Approximate Value (MS63) |
|---|---|---|---|---|
| 1909 | 1909-S VDB | San Francisco mint with designer’s initials | 484,000 | $1,000 – $2,500 |
| 1943 | 1943 Bronze/Copper | Error coin struck on bronze planchets | ~30 known | Up to $840,000 |
| 1955 | 1955 Doubled Die Obverse | Noticeable doubling of obverse inscriptions | ~20,000 | $1,500 – $15,000 |
| 1922 | 1922 No D | Missing Denver mint mark due to filled die error | Unknown | $500 – $5,000 |
The Lincoln Wheat Penny is more than a relic of the past; it’s a window into American history and a potential gateway to unexpected value.
For those lucky enough to stumble upon one of these rare varieties, a simple penny could be worth hundreds or even hundreds of thousands of dollars. With a sharp eye and a little knowledge, anyone could uncover a hidden gem right in their own pocket change.
FAQs
What is the most valuable Lincoln Wheat Penny?
The 1943 bronze/copper penny is considered one of the most valuable. It was struck in error and is worth up to $840,000 in high-grade condition.
How do I know if my 1955 penny is a doubled die?
Look closely at the inscriptions “LIBERTY” and “IN GOD WE TRUST.” If the letters appear clearly doubled without a blur, you may have the doubled die obverse variety.
Are all 1943 pennies valuable?
No. Most 1943 pennies are made of steel and are common. Only the rare 1943 bronze/copper error coins are extremely valuable.