The Lincoln Wheat Penny Valued

The Lincoln Wheat Penny Valued at $1.5 Million — Still Possibly in Circulation

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The Penny That Could Make You a Millionaire: The Lincoln Wheat Penny has always held a special place in American coin history. Minted from 1909 to 1958, some rare variations have become incredibly valuable. One version in particular a 1943 copper Lincoln Wheat Cent is now valued at up to $1.5 million, and there are still rumors that a few could be hiding in everyday circulation.

Why the 1943 Copper Penny Is So Rare

In 1943, during World War II, the U.S. Mint switched from copper to zinc-coated steel to save copper for the war effort. However, a few pennies were accidentally struck using the leftover copper planchets from 1942.

These rare 1943 copper pennies also known as bronze cents were never meant to exist.

How to Identify the $1.5 Million Penny

To spot one of these ultra-rare coins, here’s what to check:

  • Date: 1943
  • Metal Color: A reddish-brown or bronze tone, not silver or gray
  • Magnet Test: If it sticks to a magnet, it’s steel (common). If it doesn’t, you may have a rare copper version
  • Weight: The copper penny weighs about 3.11 grams, while the steel version weighs 2.7 grams

If you think you’ve found one, get it professionally authenticated by a trusted grading service like PCGS or NGC before selling or auctioning it.

Auction History and Value

The value of the 1943 copper Lincoln cent depends on its condition:

  • In average circulated condition: $100,000–$500,000
  • In mint state (uncirculated): $1 million+
  • One example sold for $1.7 million in a private sale

Conclusion

It’s hard to believe that a one-cent coin could be worth over $1 million, but the 1943 copper Lincoln Wheat Penny is proof. If you’re someone who saves old pennies or sorts through coin rolls, take a second look you might just be holding a millionaire’s treasure.

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