Imagine checking your pocket change and discovering a coin worth more than a luxury car. Believe it or not, one of the most valuable U.S. coins ever minted — the 1943 copper Lincoln Wheat Penny — has sold for up to $770,000. Even more exciting? Experts say a few might still be out there in everyday circulation.
If you’ve ever wondered whether your spare change could make you rich, this guide breaks it all down.
What Is the Lincoln Wheat Penny?
The Lincoln Wheat Penny was first minted in 1909 to celebrate the 100th anniversary of Abraham Lincoln’s birth.
- Front (obverse): Abraham Lincoln’s portrait.
- Back (reverse): Two wheat stalks framing the words “ONE CENT.”
It was the first U.S. coin to feature a real person. Billions were made between 1909 and 1958, but only a handful are considered “holy grail” coins.
Why the 1943 Penny Is So Special
During World War II, copper was needed for ammunition and military equipment. To conserve resources, the U.S. Mint switched pennies from copper to zinc-coated steel in 1943.
But by mistake, a few pennies were struck using leftover copper planchets (blanks). These error coins entered circulation and became some of the rarest and most valuable U.S. coins in history.
Key Minting Materials of Wheat Pennies
| Year | Material Used | Notes |
|---|---|---|
| 1909–1942 | 95% Copper | Standard pennies |
| 1943 | Steel (zinc-coated) | Common wartime issue |
| 1943 Error | Copper | Valued at $100,000–$770,000+ |
| 1944–1958 | Copper again | Returned after the war |
Record-Breaking Value of the 1943 Copper Penny
- One sold for $770,000 in 2010 at auction.
- Another nearly reached $1 million in a private sale.
- Even heavily circulated versions are worth six figures.
Its scarcity, history, and collector demand make it one of the most sought-after U.S. coins.
How to Tell If You Have a 1943 Copper Penny
Finding one in your change may seem impossible, but here’s how to check:
- Look at the Date – The front must read 1943.
- Test with a Magnet – Steel pennies stick. Copper ones won’t.
- Check the Color – Copper is reddish-brown, while steel looks silvery-gray.
- Weigh It – A copper penny weighs about 3.11 grams, while steel pennies weigh 2.7 grams.
- Get It Verified – Only certification from PCGS or NGC confirms authenticity.
Value of 1943 Wheat Pennies
| Type | Estimated Value |
|---|---|
| 1943 Steel Penny (common) | $0.10 – $5 |
| 1943 Copper Penny | $100,000 – $770,000+ |
Extra Fun Facts About the Wheat Penny
- It was the first U.S. coin to honor a real person.
- A single 1943 copper penny can be worth more than a house down payment.
- Some experts believe undiscovered 1943 copper pennies are still hidden in piggy banks and coin jars.
- The design was created by Victor David Brenner, whose initials “VDB” appear on some versions.
Expert Tips for Collecting and Selling Rare Pennies
- Never clean a coin – This lowers its value dramatically.
- Handle with care – Use cotton gloves or coin holders.
- Authenticate professionally – PCGS or NGC grading ensures trust and higher selling prices.
- Sell at auctions – Rare coin auctions often bring the biggest bids.
- Stay alert – Check estate sales, flea markets, and old coin collections.
FAQs About the 1943 Lincoln Wheat Penny
Q1: Can I really find a $770,000 penny in my pocket change?
Yes, it’s possible, though extremely rare. A few may still be out there.
Q2: Are all 1943 pennies valuable?
No. Most are steel and worth just a few cents. Only the copper errors are valuable.
Q3: How can I avoid fake 1943 copper pennies?
Watch out for altered coins (like a 1948 penny modified to look like 1943). Always use professional grading services.
Q4: What should I do if I find one?
Do not clean it. Place it in a protective holder and get it authenticated immediately.
Q5: What other Wheat Pennies are valuable?
Rare versions include the 1909-S VDB penny and the 1914-D Wheat Penny, both worth thousands.
Conclusion: Check Your Change — It Could Be Life-Changing
The story of the 1943 copper Lincoln Wheat Penny proves that even the smallest coins can hold incredible value. What looks like ordinary change could actually be worth a fortune.
Next time you empty your pockets, take a second look — because that one-cent piece might be the key to a six-figure payday.