The Lincoln Wheat Penny is the classic U.S. one-cent coin many people remember from old piggy banks.
Struck from 1909–1958, it shows Abraham Lincoln on the obverse and a pair of wheat ears on the reverse—hence the “Wheat” nickname.
In numismatics, it’s beloved for its simple design and rich history. Among all Wheat cents, the clear standout is the 1943 copper penny.
During World War II, the U.S. Mint saved copper for the war effort and produced cents on zinc-coated steel instead.
A few leftover bronze/copper planchets were struck by accident, creating ultra-rare error coins that look brownish rather than silvery.
The Story Behind The 1943 Copper Penny
In 1909, President Theodore Roosevelt pushed for more artistic coins.
Designer Victor David Brenner created the Lincoln cent to mark the 100th anniversary of Lincoln’s birth. Jump to 1943: with the war raging, copper was critical, so the Mint switched pennies to steel.
A tiny number—often estimated at around 20 across all mints—were mistakenly struck on copper planchets.
Many went unnoticed for years and even circulated like ordinary change before collectors realized what they were.
Why The 1943 Copper Penny Is So Valuable Today
In coin collecting, rarity drives price. With fewer than 20 verified examples, demand remains intense.
Condition (grade) multiplies value: a worn example can bring about $49,000, while high-grade pieces have topped $1 million at auction.
Even in 2025, discoveries still surface in estate sales, old collections, and the occasional change jar, making these cents not just currency but wartime artifacts with powerful nostalgia.
How To Search For Valuable Pennies
Want to hunt for treasures? Start with bank coin rolls, family coin jars, or flea markets. Prioritize pre-1959 Wheat cents—they’re copper, which already gives them collector interest (don’t melt them; collecting is more rewarding).
Join communities like Reddit’s r/coins or local numismatic clubs to learn faster.
Identification apps such as CoinSnap can help flag unusual pieces quickly. The real thrill is turning everyday pocket change into a rare find.
Notable Facts And Auction Records
Quick comparison of key coins:
| Coin Type | Material | Rarity Level | Avg. Value (Good Condition) |
|---|---|---|---|
| 1943 Steel Penny | Steel/Zinc | Common | $0.10–$1 |
| 1943 Copper Penny | Bronze | Extremely Rare | $49,000+ |
| 1909-S VDB Wheat Penny | Bronze | Rare | $500–$2,000 |
Record highlights:
- 2010 – Heritage Auctions – ~$1.7 million (San Francisco Mint, MS-65)
- 2008 – Legend – ~$373,000 (Philadelphia, circulated)
- 1940s – Private sale – Price unknown (First widely reported find in change)
Expert Tips For New Collectors
Use the magnet test: a genuine 1943 copper cent won’t stick; a steel cent will. Never clean coins—polishing slashes value.
If you suspect a rarity, take clear photos and submit for professional grading through PCGS or NGC; fees of $20–$50 buy peace of mind and market credibility.
For skill-building, assemble an affordable Wheat cent set first—doing so trains your eye to spot varieties and upgrades.
The Lincoln Wheat Penny blends artistic heritage, wartime improvisation, and the excitement of discovery.
The legendary 1943 copper penny remains one of America’s most coveted mint errors—incredibly scarce, historically significant, and capable of commanding five-, six-, even seven-figure prices depending on grade.
Whether you’re sifting rolls or curating a collection, the lessons are the same: learn the diagnostics, protect originality, and verify with trusted grading services.
Your next handful of change could be more than spare cents—it could be a story worth thousands.
FAQs
Can You Really Find A 1943 Copper Penny In Circulation Today?
Yes—though the odds are extremely low (often quoted as billions-to-one). A few genuine examples have surfaced from pocket change and estate finds, occasionally selling for tens of thousands.
What’s The Difference Between Wheat And Memorial Pennies?
Wheat cents (1909–1958) feature wheat ears on the reverse. Memorial cents (1959+) display the Lincoln Memorial. Both carry Lincoln’s profile on the obverse.
How Do I Sell A Valuable Lincoln Wheat Penny?
First get it authenticated and graded by PCGS or NGC. Then consider selling via major auctions, reputable dealers, or platforms like eBay with strong photos and clear certification details.