The Lincoln: It’s hard to believe that a small copper coin, often overlooked in loose change, could be worth tens of thousands of dollars. Yet, one rare Lincoln Wheat penny has been valued at an astounding $49,000 — and it might still be hiding in pockets, coin jars, or cash registers today.
The Story Behind the Wheat Penny
The Lincoln Wheat penny was minted from 1909 to 1958, featuring Abraham Lincoln on the obverse and two wheat stalks on the reverse. These coins were produced in huge numbers, but certain years, mint marks, and error varieties are incredibly rare and highly prized by collectors.
The penny in question is not just any old wheat cent — it’s a rare variety that has become legendary among numismatists.
Why This Penny Is Worth $49,000
The coin that fetches such a high value is typically one of two types:
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A rare date/mint mark combination — such as the 1909-S VDB or the 1914-D — both produced in extremely small quantities.
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A rare minting error — such as a doubled die obverse, off-center strike, or a coin struck on the wrong planchet.
The $49,000 valuation comes from a recent auction sale of a near-mint condition Lincoln Wheat penny with exceptional rarity and high demand among collectors.
Still in Circulation?
While it’s unlikely, rare Wheat pennies do occasionally show up in everyday change. Older coins often stay in circulation for decades, especially in rural areas or when old coin jars are cashed in at banks.
How to Check Your Pennies
If you have Wheat pennies, check for the following:
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Key dates like 1909-S VDB, 1914-D, 1922 No D, 1931-S
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Mint errors like doubled dies or off-center strikes
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Exceptional condition — coins with little wear are worth more
A magnifying glass and a good coin reference guide can help you spot these valuable treasures.
FAQ: The $49,000 Lincoln Wheat Penny
Q1: What is the most valuable Wheat penny ever found?
Some of the most valuable include the 1943 copper penny, which has sold for over $1 million, and the 1909-S VDB in top condition, worth tens of thousands.
Q2: How can I tell if my Wheat penny is valuable?
Check the year, mint mark, and condition. Look for rare dates and visible mint errors. Professional grading can confirm authenticity and value.
Q3: Are Wheat pennies still legal tender?
Yes, all Wheat pennies are still legal tender in the U.S., though their collectible value is far greater than face value.
Q4: Where can I sell a rare Wheat penny?
You can sell through reputable coin dealers, auction houses, or online numismatic marketplaces.