5 Rare Coins Worth Millions: The Lincoln Wheat Penny is one of America’s most iconic coins. First minted in 1909 to honor the 100th birthday of President Abraham Lincoln, this penny featured wheat stalks on the reverse and quickly became a staple in U.S. coinage. While many of these pennies are still common and affordable, a select few have become incredibly rare and valuable—sometimes worth millions. For coin collectors and history enthusiasts, these coins represent not only monetary value but also pieces of American heritage.
Here’s a guide to five of the rarest and most valuable Lincoln Wheat Pennies known today.
1. 1909-S VDB Lincoln Wheat Penny
Estimated Value: $1,000 to $100,000+ (depending on condition)
This is the holy grail of Lincoln Wheat Pennies. Designed by Victor David Brenner, the first version of the 1909 penny featured his initials “VDB” prominently on the reverse. However, public outcry over this visible signature led to the mint removing it shortly after the first batch. Adding to the rarity, only 484,000 of these coins were struck at the San Francisco Mint, making it a key date for collectors.
In mint condition (MS-65 or higher), these coins can fetch over $100,000 at auction. Even circulated versions command several thousand dollars. Its historical significance and limited mintage make it one of the most sought-after Lincoln Wheat Pennies ever produced.
2. 1914-D Lincoln Wheat Penny
Estimated Value: $200 to $15,000+
The 1914-D (minted in Denver) is another rare and highly collectible Lincoln Wheat Penny. What makes this coin special is its surprisingly low mintage—only about 1.2 million coins. While this might sound like a lot, most were heavily circulated and worn down, making well-preserved examples very rare.
In average circulated condition, it may be worth a few hundred dollars, but in uncirculated condition, this penny can easily bring in $10,000 to $15,000 or more. Collectors especially seek this coin as part of completing their early-century penny sets.
3. 1922 “No D” Lincoln Wheat Penny
Estimated Value: $500 to $30,000+
In 1922, all Lincoln pennies were minted in Denver. However, due to excessive die wear and poor maintenance, some coins were struck with a completely missing “D” mintmark. These are known as “No D” 1922 pennies, and they’re incredibly rare. Only a small batch of these mint errors were released into circulation before being discovered.
To be considered authentic and valuable, the “No D” penny must also have a strong reverse, since some worn-out coins appear similar but aren’t true errors. Genuine examples in top condition can reach prices of $30,000 or more, making it a dream find for error coin collectors.
4. 1943 Bronze Lincoln Wheat Penny
Estimated Value: $100,000 to $2,000,000+
In 1943, due to a copper shortage during World War II, the U.S. Mint produced pennies from zinc-coated steel instead of the usual bronze composition. However, a few bronze planchets (coin blanks) from 1942 accidentally made it into the 1943 production run.
Only about 20 known 1943 bronze pennies exist today, making them incredibly rare and valuable. One example sold for $1.7 million at auction in 2010. These coins are often counterfeited, so proper authentication is critical. If you ever come across a 1943 penny that sticks to a magnet, it’s steel. If it doesn’t, you may be holding a fortune.
5. 1944 Steel Lincoln Wheat Penny
Estimated Value: $75,000 to $1,000,000+
Just like the 1943 bronze error, the 1944 steel penny is a result of leftover materials. After switching back to bronze in 1944, the mint mistakenly used some steel blanks from the previous year. Only a few of these rare coins are known to exist today.
The 1944 steel penny is so rare that only 2-3 verified examples have surfaced. These coins can sell for hundreds of thousands, with some approaching or exceeding $1 million in pristine condition. Their origin is one of the most famous minting errors in U.S. history, and they are a top-tier prize in the world of numismatics.
Final Thought
Lincoln Wheat Pennies are more than just spare change—they are miniature pieces of history that sometimes carry astounding value. From early design controversies to wartime minting errors, these coins tell the story of America’s economic, political, and cultural evolution. Whether you’re a seasoned collector or a curious beginner, knowing what to look for in a Wheat Penny could literally be worth a fortune.
While most Lincoln pennies won’t make you rich, the ones that do are often hiding in plain sight. So before you toss that old jar of coins, take a closer look—you might just be holding one of these million-dollar rarities.
FAQs
Q1: How can I tell if my penny is valuable?
Look for key dates, mint marks (like “S” for San Francisco or “D” for Denver), and unusual colors or features. Consulting a coin guide or getting the coin appraised by a professional is your best bet.
Q2: Are Wheat Pennies still in circulation?
Rarely. While they’re not used in modern commerce, you might still find one in old piggy banks or estate collections.
Q3: Where can I sell valuable Lincoln pennies?
Reputable coin dealers, numismatic auctions, or online platforms like Heritage Auctions or eBay are common places to sell. Always have your coin authenticated and graded first.
Q4: What is the easiest valuable penny for beginners to find?
The 1909-VDB and 1914-D pennies are more common than others on this list but still valuable in good condition. They’re good starting points for beginner collectors.
Q5: Should I clean my old penny to make it look better?
No. Cleaning a coin can significantly decrease its value. Always leave coins in their natural state, especially rare ones.