Lincoln Wheat Pennies have recently received attention for their incredible value, which is staggering $388,888! People who collect and even the average person are taking note, searching at this unique coins that are still in circulation despite its value of value!
This article takes a deeper look at how an unassuming bit of copper can have such value and the best way to find an example for yourself.
A Penny with a Special Story
Lincoln Wheat Pennies were released in 1909 as a way to honor Abraham Lincoln’s birthday in 1909 and were created by Victor David Brenner to honor this milestone event.
They are usually worth 1 cent, however special editions for collectors, such as 1933 bronze Lincoln cents could fetch the sum of $388,888! In World War II when copper reserves were necessary for military purposes the bronze coins were made in 1943, which makes the coins a rarity, that only 10 or 15 are remaining!
What is the reason that The 1943 Bronze Penny is Worth So A LotThe worth of a bronze penny from 1943 is in its rarity and its historical value, as per expert numismatists or coin experts. It’s as if you are searching for needles in the haystack. One was sold at auction in 2010 at a price of $1.7 Million.
Recent estimates put the value of high-end versions at $388,888 based on market conditions. Collectors love these coins since they represent wartime failures Mint condition coins fetch the most expensive prices, however should you discover one, don’t wash the coin as it could reduce its value significantly.
Do You Have the Treasure
Your jar of change could hold an item of value? This is what you should keep an eye out for. First, verify whether 1943 was the year that it occurred. be past. Also, be sure that it’s bronze, rather than steel, by applying a magnet to it; steel coins stick to each other, whereas bronze ones won’t.
| Feature | Details |
|---|---|
| Year | 1943 |
| Material | Bronze (not steel) |
| Design | Wheat stalks on reverse |
| Magnet Test | Does not stick to a magnet |
| Estimated Value | Up to $388,888 |
In addition, look the if there’s the “wheat” design with two stalks that frame “ONE CENT.” Be wary of fake coins, as scammers use copper-coated steel pennies to fool the public. If you think this is the case, then bring the coins directly to a licensed dealers to confirm the its authenticity.
Stories of Lucky Finds
In the course of time, a number of lucky individuals have discover these coins. The teen who found one was from his lunch in 1947. Later, he auctioned it off for a huge sum later, on New Jersey, an individual was able to find one of his father’s collection of coins; this coin could turn into the life-changing amount!
These stories inspire collectors as well as the aspiring alike. Experts speculate that there are more in storage somewhere, perhaps inside piggy banks or registers?
What to Do If You Find One
If you believe you’ve found an 1943 bronze penny avoid spending the money! Make contact with a reputable appraiser or coin dealer organisations such as Professional Coin
Grading Service (PCGS) are able to verify the authenticity of the coin and evaluate its condition prior to placing the coin inside a plastic container to guard against scratches or damaged. Rare coins valued at hundreds or even thousands of dollars can remain worth keeping an eye out to find when you empty your pockets.
Take care when emptying your pockets. Who knows? You might just have found your fortune hidden within!
Read Also: You Might Be Carrying a $5.5 Million Penny Without Knowing It!” The Rare Lincoln Wheat Penny
