Incredible treasures are sometimes found in the most unexpected places—and for one lucky individual, that place was inside an old family photo album. Used long ago as a makeshift bookmark, a dusty penny turned out to be worth $213,000, stunning even seasoned collectors. While most people overlook pennies as mere pocket change, a few rare varieties can command astonishing prices. Here are three Lincoln Wheat Pennies that have fetched jaw-dropping amounts—and might still be out there, waiting to be discovered.
1931-S Lincoln Wheat Penny
The 1931-S Lincoln Wheat Penny is a standout among early 20th-century coins due to its low mintage. Only 866,000 were produced during the Great Depression, making it one of the scarcest in the series. Many were saved by collectors early on, but circulated examples are still highly prized. A well-preserved specimen can easily bring in $75,000 or more, especially in higher Mint State grades. Check for the small “S” mintmark beneath the date to identify this hidden gem.
1944 Steel Lincoln Penny
Most 1944 pennies were struck in copper, but a few were mistakenly made using leftover steel blanks from 1943. The 1944 Steel Lincoln Penny is one of the rarest mint errors in existence, with only a handful known to survive. These coins are often mistaken for ordinary steel cents from 1943, but the 1944 date makes all the difference. One example sold at auction for more than $100,000, making it a true holy grail for penny hunters.
1909-S VDB Lincoln Penny
No list of valuable Lincoln pennies is complete without the 1909-S VDB, the first-year issue that bears the initials of its designer, Victor David Brenner. Minted in San Francisco, this coin saw a limited run before the Mint removed the “VDB” due to public backlash. Only 484,000 were made, and its rarity and historical significance make it highly collectible. In excellent condition, it can command $40,000 to $100,000, depending on market demand.
What started as a forgotten placeholder in a photo album turned into a life-changing discovery. Rare Lincoln Wheat Pennies like the 1931-S, 1944 Steel, and 1909-S VDB are still floating around in private collections, drawers, and coin jars—often unrecognized. So before tossing aside your loose change, take a closer look. You might just find a six-figure surprise hiding in plain sight.
FAQ’s:
1. What makes the 1931-S Lincoln Penny so rare?
Its low mintage during the Depression and strong demand from collectors contribute to its value.
2. How can I tell if I have a 1944 Steel Penny?
Use a magnet—steel cents will stick. Also, the date should read “1944,” not “1943,” which is more common in steel.
3. What does “VDB” mean on a 1909 penny?
They are the initials of designer Victor David Brenner, featured on the reverse of the early 1909 coins.
4. Where should I get rare coins appraised?
Reputable coin dealers, numismatists, or third-party grading services like PCGS or NGC can help.
5. Should I keep rare pennies in circulation?
No—store them properly and consider getting them graded to protect their condition and value.