Some old pennies can be worth more than you think. A coin that once cost only one cent can now sell for thousands—or even millions—of dollars. Wheat pennies were common coins used from the early 1900s to the 1950s. But a few rare ones are now famous in the coin world. These coins are valuable because they are hard to find, were made in error, or have a special history.
What Are Wheat Pennies?
Wheat pennies are also called Lincoln wheat cents. They were made in the U.S. from 1909 to 1958. These coins show President Abraham Lincoln on the front. The back of the coin has two wheat stalks. This is how they got their name.
These were the first U.S. coins to show a real person. Most wheat pennies are still only worth one or two cents. But some rare ones are very valuable to collectors.
The 1943 Bronze Cent
This is one of the most famous and expensive wheat pennies. In 1943, the U.S. made pennies from steel coated with zinc. This was done to save copper for World War II.
But by mistake, a few bronze blanks were left in the mint. These were made into coins. So a few 1943 pennies were made from copper instead of steel.
These copper 1943 pennies are now worth a fortune. One of them sold for more than $1.7 million at an auction.
The 1909-S VDB Penny
The 1909-S VDB is another rare wheat penny. This coin was made in the first year of the Lincoln cent. The letters “V.D.B.” on the back are the initials of the coin’s designer, Victor David Brenner.
Some people didn’t like the large initials, so they were removed quickly. But some coins from the San Francisco Mint (marked with an “S”) were already made.
These coins are very rare. Collectors will pay over $100,000 for one in great condition.
Other Rare Pennies That Are Worth Big Money
There are more rare wheat pennies worth lots of money. Some are not as famous but still very valuable. For example:
| Year | Mint Mark | Special Feature | Value (High Grade) |
| 1914 | D (Denver) | Low mintage | $50,000+ |
| 1922 | No Mintmark | Mintmark missing (error) | $30,000+ |
These coins are rare because fewer were made or there was a minting mistake. Not all are worth a million, but many are worth thousands.
Why Coin Condition Matters
The value of a coin depends on its condition. Coins that look new are worth more than worn-out ones. These are called mint or uncirculated coins.
Collectors like coins that have no scratches, dirt, or wear. These coins are graded by professionals. Companies like PCGS or NGC check coins and seal them in holders.
Graded coins are trusted by buyers and sell for higher prices.
Rare Pennies Found in Everyday Places
Some of these rare coins were found in normal places. People have discovered valuable pennies in old jars, dressers, and coin collections.
Many people don’t know they have a rare penny until they look closely. This is what makes coin collecting exciting.
You might have a special coin sitting in your pocket or coin jar right now.
FAQs
What is a wheat penny?
A U.S. penny made from 1909 to 1958 with wheat stalks on the back.
Why is the 1943 bronze penny rare?
It was made by mistake using the wrong metal.
What does “VDB” mean on a penny?
They are the initials of the designer, Victor David Brenner.
Where can I check my penny’s value?
Look online or take it to a coin dealer.
Can I still find rare pennies in change?
Yes, but it’s very rare.
