$99.99 Million Lincoln Wheat Penny – How to Identify This Rare Coin

Did you ever imagine that a common coin in your pocket could turn you into a millionaire? It sounds ridiculous, but the Lincoln Wheat Penny is such a coin, which can be valued at millions of dollars today. Particularly the value of the 1943 Copper Lincoln Wheat Penny has reached $99.99 million today!

This coin is that rare that collectors of coins across the globe look out for it. But are you aware that this scarce coin might be still in circulation somewhere? That is, you might already be having this coin and you don’t even realize its true value!

If you want to find out why this coin is so unique, how to recognize it, and how the best place to find it is, then keep reading this article until the end. Your next coin might be a treasure beyond price!

$99.99 Million Lincoln Wheat Penny – How to Identify This Rare Coin

History of the Lincoln Wheat Penny

The Lincoln Cent was originally released in 1909 and was among the first US coins to bear the image of a person. Previously, there was no image of any person on the US coins. Then-President Theodore Roosevelt initiated a move to make the US coins more artistic and designer Victor David Brenner was tasked with the responsibility.

Brenner removed Lincoln’s likeness from a ornamental bronze medal and placed two ears of wheat on the back of the coin, earning the coin the “Wheat Penny” name.

Minting and Design Adjustments

The Lincoln Wheat Penny was produced by the Mint from 1909 to 1958 and represents one of the longest series designs in US coinage history. It was produced at three of the major mints:

✅ Philadelphia Mint (no mint mark)
✅ Denver Mint (“D” mint mark)
✅ San Francisco Mint (“S” mint mark)

In 1959, the Lincoln Wheat Penny was redesigned to the Lincoln Memorial and put an end to the Wheat Penny era, but the Lincoln Cent tradition remained.

Rarity of 1943 Copper Lincoln Wheat Penny

An error that made it priceless!
In 1943, there was a massive demand for copper in the US because of the war, as it was being utilized to produce weapons, wires and other war-related equipment. In this context, the US government decided to produce all the coins using steel so that copper could be conserved.

But through error some old copper blanks were utilized and only 20 such coins were produced. This error makes this coin very rare and valuable.

How do you know whether you have this priceless coin or not?

If you possess a 1943 Lincoln Wheat Penny, you can verify in these simple ways:

✅ Verify the date – The coin must have “1943” engraved on it. If any other date is printed, then it is not a rare coin.
✅ Perform a magnet test – A steel penny will adhere to a magnet, but a copper penny won’t. If your 1943 penny does not stick to a magnet, you might have a priceless coin!
✅ Inspect the color and weight –
- ✔ A penny made of steel will be light and silvery.
- ✔ A real copper penny will be brownish-red in color and will weigh 3.11 grams.
✅ Have a professional appraisal done – If your coin passes all these tests, have it professionally evaluated by a certified coin expert.

Be wary of counterfeit coins!

Since this coin is so valuable, most people create imitation copies of the 1943 copper penny. To determine fake coins:

✔ Some individuals alter the “8” in the 1948 coin to a “3”.
✔ Some individuals apply a coat of copper on steel coins to present them as realistic.
✔ Obtain any authentic coin authenticated.

Where do I look for these scarce coins?

If you like collecting coins, then you can look for this scarce coin in these locations:

✅ Coin antique shops
✅ Coins discovered in family treasures
✅ Flea markets and garage sales
✅ Auction houses

If you find an old coin, examine it carefully. You may have a treasure worth millions of dollars in your hands!

What should you do if you find this coin?

If you find a 1943 Copper Lincoln Wheat Penny, then:

✔ Avoid touching it too much, hold it only by the edges.
✔ Keep it safe – keep it in a plastic cover or special coin box.
✔ Get it evaluated by an expert – to ensure that your coin is genuine and to know its true value.

Conclusion: A coin that can change your fate!

The 1943 Lincoln Wheat Penny is not just a coin but a hidden treasure. It looks normal, but it could be worth up to $99.99 million!

If you enjoyed this post, pass it on to your loved ones and friends – who knows, you might be the next millionaire!

So the next time you come across an old coin, take a notice. Look at it carefully – because your destiny may be in your hands!

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FAQ’s

Q. What makes the Copper Lincoln Wheat Penny of 1943 so valuable?

A. The Copper Penny is worth much because copper planchets, by mistake in place of steel planchets, were mistakenly used in the 1943 mint.

Q. How will I know that my 1943 penny is valuable?

A. Do a magnet test—if the magnet does not stick, then it could very well be copper. Also, make sure to check its weight (must be 3.11 grams) and color (reddish-brown).

Q. Where would I be able to find rare Lincoln Wheat Pennies?

A. Look in older coin sets, flea markets, antique stores, and even loose change.

Q. Are 1943 Copper Penny counterfeits common?

A. Oh yes, many are fakes. Some are put together by converting pennies minted in 1948, and others are steel pennies coated with copper.

Q. What is an authentic 1943 Copper Wheat Penny worth?

A. It depends on the way it looks, but it’s worth millions—some sold for as high as $99.99 million!