Millions of people handle loose change every day, but most overlook the possibility that a single penny could hold extraordinary value. Among the many coins still floating around in circulation, one particular penny—the 1943 Lincoln Wheat Penny made from bronze—has captured the attention of collectors and dreamers alike. Valued at an astonishing $18.9 million, this tiny piece of metal is more than just a rare find—it’s potentially life-changing.
So how did a common-looking penny end up being worth millions? And how can you tell if you’re holding one of these hidden treasures?
The History Behind the Lincoln Wheat Penny
The Lincoln Wheat Penny was first introduced in 1909 to honor President Abraham Lincoln’s 100th birthday. It was also the first U.S. coin to feature a real person. On the reverse side, two stalks of wheat frame the words “ONE CENT,” giving the coin its nickname—“Wheat Penny.”
These coins were minted until 1958 and are highly collectible today. While most are only worth face value or slightly more, a few rare versions—especially from certain years—can be worth a fortune due to minting errors or limited production.
The 1943 Bronze Lincoln Penny: A Minting Mistake Worth Millions
In 1943, due to wartime needs, the U.S. Mint switched from copper to steel for pennies to conserve copper for military equipment. However, a few bronze coin blanks were accidentally left in the minting presses, and they were struck with the 1943 date.
These mistakes were never intended to exist, making the 1943 bronze Lincoln Penny one of the rarest and most valuable coins ever produced. Only a few have been discovered, and each one is a collector’s dream. One such penny sold at auction for an eye-popping $18.9 million, making it one of the most expensive coins in the world.
How to Identify a Rare 1943 Bronze Wheat Penny
Think you might have one of these rare pennies? Here’s how to tell:
| Test | What to Look For |
|---|---|
| Date | 1943 (the year must be clear and authentic) |
| Material | Appears bronze or copper-colored instead of silver-grey steel |
| Magnet Test | Bronze will not stick to a magnet; steel will |
| Weight | A bronze penny weighs about 3.11 grams; steel is lighter (2.7g) |
| Expert Authentication | Always have a rare coin professionally appraised |
If your 1943 penny looks bronze and passes the magnet test, don’t cash it in at face value—get it verified by a coin grading service like PCGS or NGC. Even if it’s not the $18.9 million version, it could still be worth thousands.
Why These Rare Coins Could Still Be in Circulation
It may sound far-fetched, but it’s entirely possible that some of these rare 1943 bronze pennies are still out there. People often stash away old coins in jars, drawers, or boxes without ever realizing their true value. Since these coins resemble regular pennies, they can easily go unnoticed for decades.
That’s why collectors and enthusiasts are urging people to check their change more carefully. You never know—your next grocery store penny might be hiding a small fortune.
Other Valuable Lincoln Wheat Pennies to Look For
Even if you don’t find the ultra-rare 1943 bronze penny, several other Lincoln Wheat Pennies are highly valuable:
| Year | Value (Approximate) | Reason |
|---|---|---|
| 1909-S VDB | $700–$2,000+ | Limited mintage with designer initials |
| 1914-D | $200–$1,500+ | Rare due to low production |
| 1922 (No D) | $500–$2,000+ | Mintmark error |
| 1955 Doubled Die | $1,000–$2,500+ | Distinctive double image |
Tips for Preserving and Cleaning Pennies (Without Hurting Value)
Cleaning rare coins improperly can reduce their value. Here’s how to handle them safely:
- Avoid harsh chemicals – Never use vinegar or metal polish.
- Use distilled water – If needed, rinse lightly and pat dry with a soft cloth.
- Handle with gloves – Prevent oils and dirt from your fingers damaging the surface.
- Store properly – Use coin holders or airtight containers to avoid oxidation.
- Get expert advice – For valuable coins, leave cleaning to the professionals.
Finding a coin worth millions isn’t just a fantasy—it’s a real possibility that has already happened to a few lucky individuals. The 1943 bronze Lincoln Wheat Penny serves as a powerful reminder that hidden value can be right under our noses. With a bit of curiosity and a careful eye, even your pocket change might hold the key to a life-changing discovery.
FAQs
What makes the 1943 bronze penny so rare?
It was mistakenly made from bronze during a year when the U.S. Mint was producing steel pennies for the war effort. Only a few exist.
How can I check if my 1943 penny is bronze or steel?
Try the magnet test—if it doesn’t stick, it might be bronze. Also, bronze has a reddish-brown color.
Where can I get a rare coin appraised?
Contact reputable grading companies like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company).
Can I still find rare Wheat Pennies in circulation?
Yes, although rare, some may still be in jars, drawers, or regular pocket change.
What’s the best way to store rare coins?
Use coin holders or airtight plastic containers and keep them in a dry, safe place.
