Sometimes half cents are minted of 1799-1857, and another essential US coin from 1909-1958 is known as the Lincoln Wheat pennies. Most of the pennies out there are actually worth only a cents and dimes but certain types of pennies have sold for big bucks at auction with the highest going for a whopping $1 million.
Some brilliant coins are the consequences of historical happenings and mistakes in minting, and therefore, collectors find them fascinating.
Lincoln Wheat Penny The Coming Rarities
Scarcest and most costly of the Lincoln Wheat pennies are those that have been minted during the Second World War. During the world war II the U.S.Mint decided to change the material it used in making of pennies; the shift from copper to steel was made in 1943.
But, some of the copper planchets of 1942 were inadvertently struck, which resulted in the existence of the very scarce 1943 copper Lincoln Wheat Penny. Fortunately, there are few of them, even fewer than the double eagles; these few coins are now selling at as much as one million dollars in an auction.
How to Determine a Valuable Lincoln Wheat Penny mẽ
If you want to know if you have a valuable Lincoln Wheat Penny, pay attention to these things:
1. Year and Mint Mark: Some years and mint marks are more rare than others. For example, the 1909-S VDB Penny, which was minted in San Francisco and bears designer Victor David Brenner’s initials, is in high demand.
2. Minting Errors: Coins that have errors, such as the 1943 Copper Penny or the 1955 Double Die Penny, are especially valuable due to their rarity.
3. Condition: The condition of a coin significantly affects its value. Coins in mint or uncirculated condition are more valuable.
4. Rarity: The fewer coins there are, the more valuable they are. For example, the 1943-D Bronze Lincoln Cent, the only known example from the Denver Mint, is very valuable.
| Year | Mint Mark | Error Type | Known Examples | Approximate Value |
|---|---|---|---|---|
| 1943 | D | Bronze Planchet | 1 | $840,000 |
| 1943 | S | Bronze Planchet | ~6 | $504,000 |
| 1944 | S | Steel Planchet | 2 | $373,750 |
| 1955 | None | Doubled Die Obverse | Multiple | Up to $125,000 |
While the chance of finding a $1 million penny is low, it’s not impossible. Probably look at your change on a regular basis and be especially cautious with pennies from 1943 because these can be worth a mint. Similarly, rifling through older coin jars or bags of pennies will give the collector a better chance for finding an unusual coin.
Running in to many individuals, the Lincoln Wheat Penny is not only the quintessential utilitarian penny; it is History itself. The majority of the coins are rather ordinary; however some specific types of the coins are rather valuable an are even sought after among collectors and sell for rather high prices at auctions.
Once these coins are given their worth, you will be surprised you discover a treasure right close to where you live.
FAQs
What have made 1943 copper penny to be so expensive?
In 1943, the U.S. Mint began making pennies out of steel to save copper. However, some of the copper planchets were accidentally used, creating extremely rare copper pennies that are highly sought after by collectors.
How to find out if my penny is valuable?
Write down, for example, the year of minting and the mint mark, and try to find a mistake on the coin; examine the state of the coin as well. Monsters that are old, or have some kind of scratch or stain, or are better circulated may be valuable.
Who should appraise my coin?
There are companies which deal with the grading of the coin out there such as the numismatic guarantee collaboration, the professional coin guarantee service. Other sources which might help to get the appraisal are local coin dealers and numismatic clubs.