A single penny is rarely something that captures attention—unless it’s one of the rarest coins ever minted. That’s the case with the 1943 Lincoln Wheat Penny, a coin that looks ordinary but could be worth a staggering $4.4 million. Even more fascinating? It might still be hiding in someone’s pocket change, waiting to be discovered.
Let’s explore why this coin is so valuable, how to identify it, and what steps to take if you think you’ve found one.
Why the 1943 Copper Wheat Penny Is So Valuable
During World War II, the U.S. Mint made a crucial change to conserve copper for the war effort. In 1943, they began producing pennies out of steel coated with zinc instead of the usual copper. However, a small number of copper blanks were mistakenly used, resulting in a very limited run of copper 1943 pennies.
Only 15 to 20 of these coins are known to exist today. Because they were never meant to be produced, collectors consider them minting errors of historic and monetary significance.
How to Identify a 1943 Copper Wheat Penny
If you suspect you’ve come across a 1943 penny, here’s a quick checklist to see if it’s the rare copper version:
| Feature | 1943 Steel Penny | 1943 Copper Penny |
|---|---|---|
| Color | Silver-gray | Reddish-brown or coppery |
| Magnetic? | Yes | No |
| Weight | 2.7 grams (steel) | 3.11 grams (copper) |
| Sticks to a Magnet? | Yes | No |
The simplest test is using a magnet. If the coin sticks, it’s made of steel and common. If it doesn’t, it could be copper—but you’ll need professional confirmation.
Where to Authenticate and Sell Your Coins
If you believe you’ve found a valuable coin, don’t try to clean or alter it. Instead, have it authenticated by a certified grading service such as:
Once graded, you can sell the coin through reputable platforms or dealers:
Other Valuable Wheat Pennies and Rare Coins
While the 1943 copper penny is the standout, many other Wheat Pennies and old coins from the early 1900s through the 1950s can also be valuable depending on condition, mint mark, and rarity. Some worth watching for include:
- 1909-S VDB (rare Lincoln penny)
- 1914-D Wheat Penny
- 1955 Doubled Die Lincoln Penny
- Buffalo Nickels with full dates
- Pre-1964 silver coins
Tips for Beginners: Starting a Coin Collection or Becoming a Dealer
If you’re interested in getting into coin collecting or dealing, start by:
- Learning basic grading (Good, Fine, Uncirculated, etc.)
- Studying coin value guides (e.g., Red Book)
- Networking with collectors and attending coin shows
- Using platforms like eBay cautiously and always verifying authenticity
- Using free resources from money.org
Coin collecting isn’t just a hobby—it can be a serious investment if you know what to look for.
The idea that a forgotten coin in your change jar could be worth millions is not far-fetched. The 1943 copper Wheat Penny is proof that historical mishaps can create modern treasures. So, next time you’re sifting through old coins, check for that rare date. Who knows? You might be holding a small fortune.
FAQs
How do I know if my 1943 penny is valuable?
Use a magnet. If it doesn’t stick and has a copper color, it could be rare. Get it professionally authenticated.
Can these rare coins still be found in circulation?
Yes, some may still be sitting in coin jars or collections unnoticed.
How can I sell a rare penny?
Have it graded by PCGS or NGC, then sell it through auction platforms like GreatCollections or Heritage Auctions.
What other wheat pennies are valuable?
1909-S VDB, 1914-D, and 1955 Doubled Die are highly sought after by collectors.
Can I clean my coins to make them look better?
No, cleaning coins can significantly reduce their value. Leave them as they are and consult an expert.
