A few rare wheat pennies from the early 20th century have gained legendary status among collectors, with values that can reach astounding levels. Hidden in plain sight, these coins have unique histories, limited production, and specific characteristics that set them apart, making them some of the most valuable coins in numismatics. Here, we’ll look at three of the most prized wheat pennies that could be hiding in your change jar.
1943 Copper Penny: The War-Era Mistake Worth a Fortune
During World War II, copper was a vital resource reserved for military equipment, prompting the U.S. Mint to use steel instead for pennies in 1943. However, a few copper blanks from 1942 inadvertently made it into production, resulting in an exceptionally rare copper penny minted in 1943.
The 1943 copper penny is often mistaken for a regular coin, but it is actually one of the most coveted coins among collectors. The scarcity and historical context of this penny have given it an almost mythical status, with some high-grade specimens reaching values well over $100,000. In pristine condition, these coins have even exceeded $250,000 at auction, making them a true treasure if discovered.
1944 Steel Penny: Another Rare Coin with a Surprising Origin
In 1944, the Mint resumed copper production for pennies. However, a few leftover steel blanks from 1943 mistakenly found their way into circulation, creating the rare 1944 steel penny. Unlike the common copper pennies of that year, these steel pennies stand out due to their composition and are incredibly valuable as a result.
Collectors are drawn to the 1944 steel penny for its rarity and its place in history. High-grade examples of this coin can reach upwards of $75,000, and some exceptional specimens have sold for even more. Like the 1943 copper penny, the 1944 steel penny is an extraordinary find for any numismatics enthusiast.
1909-S VDB Penny: The First Lincoln Penny and a Numismatic Icon
The 1909-S VDB penny marks a significant moment in U.S. coinage as the first penny to feature Abraham Lincoln. Designed by Victor David Brenner, the coin originally included his initials “VDB” on the reverse, a detail that sparked public controversy and was swiftly removed. As a result, only a limited number of these pennies, bearing both the “S” mint mark and “VDB” initials, were produced at the San Francisco Mint.
With a limited mintage of just 484,000, the 1909-S VDB penny is a key piece in the Lincoln cent series. Today, well-preserved examples of this coin can sell for upwards of $100,000. Its historical importance and low mintage make it a favorite among collectors.
| Coin Name | Year Issued | Mint Mark | Composition | Value Range ($) |
|---|---|---|---|---|
| 1943 Copper Penny | 1943 | None | Copper | Up to $250,000+ |
| 1944 Steel Penny | 1944 | None | Steel | Up to $100,000+ |
| 1909-S VDB Penny | 1909 | S | Copper | Up to $100,000+ |
Each of these wheat pennies has a unique backstory that captures a moment in U.S. history. Whether found in a collection or hiding in an old drawer, these coins are among the most valuable pieces for coin collectors and history enthusiasts alike. Their rarity and distinctive origins make them treasures worth keeping an eye out for.
How can I tell if I have a 1943 copper penny?
A genuine 1943 copper penny is slightly lighter in color than a regular steel penny from the same year. Testing with a magnet is an easy first step—copper pennies won’t be attracted to a magnet, unlike their steel counterparts.
Are all 1944 pennies valuable?
No, only the steel version of the 1944 penny is rare and valuable. Most 1944 pennies were made with copper and are common, typically valued at just a few cents unless in excellent condition.
How do I know if my 1909 penny is a valuable 1909-S VDB?
Look for the “S” mint mark under the date on the front of the coin and the tiny “VDB” initials on the reverse bottom. If both are present, you likely have a rare 1909-S VDB penny.
