The Lincoln Wheat Penny is one of the most iconic coins in American numismatics. First minted in 1909 to honor the centennial of Abraham Lincoln’s birth, it quickly became a favorite among collectors. While most Wheat Pennies are worth only a few cents above face value, certain rare varieties have skyrocketed in price, with some selling for well over $100,000. In 2026, the fascination with these coins continues, and collectors are eager to identify which pieces hold extraordinary value. This guide explores the history, rarity, and top examples of Wheat Pennies that can command six‑figure prices.
The History of the Lincoln Wheat Penny
The Wheat Penny was introduced in 1909, replacing the Indian Head Cent. Designed by Victor David Brenner, the coin features Lincoln’s portrait on the obverse and two wheat stalks on the reverse. The design remained in circulation until 1958, when it was replaced by the Lincoln Memorial reverse. Over nearly five decades, billions of Wheat Pennies were minted, but only a handful stand out as rare treasures.
Why Some Wheat Pennies Are Worth Over 100K
Several factors contribute to the extraordinary value of certain Wheat Pennies:
- Low mintage numbers, making them scarce.
- Minting errors or unique varieties.
- Coins preserved in pristine, uncirculated condition.
- Historical significance tied to the year of issue.
When these factors combine, the result is a coin that collectors are willing to pay six figures to own.
Five Rare Lincoln Wheat Pennies Worth Big Money in 2026
1. 1909‑S VDB Penny
The 1909‑S VDB is the most famous Wheat Penny. Only 484,000 were minted in San Francisco before the initials “VDB” were removed due to controversy.
- Estimated Value: $50,000 to $150,000 in top condition.
- Identification Tip: Look for the “S” mint mark below the date and the “VDB” initials on the reverse.
2. 1914‑D Penny
This Denver‑minted coin is one of the rarest in the series, with only 1.2 million produced.
- Estimated Value: $20,000 to $120,000 depending on grade.
- Identification Tip: Check for the “D” mint mark and ensure authenticity, as counterfeits exist.
3. 1922 No D Penny
A famous error coin where the Denver mint mark was accidentally omitted.
- Estimated Value: $30,000 to $100,000.
- Identification Tip: Examine the obverse carefully; genuine examples show strong details despite the missing mint mark.
4. 1931‑S Penny
Although not as rare as the 1909‑S VDB, the 1931‑S had a low mintage of just 866,000.
- Estimated Value: $15,000 to $100,000 in uncirculated grades.
- Identification Tip: Look for the “S” mint mark and sharp strike quality.
5. 1943 Copper Penny
Perhaps the most legendary error coin in U.S. history. During World War II, pennies were struck in steel to save copper for the war effort. A few copper planchets were mistakenly used, creating this rarity.
- Estimated Value: $100,000 to $1,000,000 depending on condition.
- Identification Tip: Test with a magnet; genuine copper pennies will not stick.
Chart: Rare Lincoln Wheat Pennies and Their Values
| Wheat Penny | Year | Variety/Error | Estimated Value Range |
|---|---|---|---|
| 1909‑S VDB | 1909 | Low Mintage, VDB Initials | $50,000 – $150,000 |
| 1914‑D | 1914 | Low Mintage | $20,000 – $120,000 |
| 1922 No D | 1922 | Missing Mint Mark | $30,000 – $100,000 |
| 1931‑S | 1931 | Low Mintage | $15,000 – $100,000 |
| 1943 Copper | 1943 | Wrong Planchet Error | $100,000 – $1,000,000 |
How to Identify Valuable Wheat Pennies
Collectors often rely on magnification tools, reference books, and professional grading services to confirm authenticity. Key steps include:
- Checking mint marks carefully.
- Looking for doubling, missing marks, or unusual coloration.
- Comparing coins against verified images from trusted numismatic sources.
- Submitting rare finds to grading services like PCGS or NGC for certification.
Preserving the Value of Wheat Pennies
Condition is everything in coin collecting. Even rare varieties lose value if damaged. To preserve coins:
- Store them in protective holders.
- Avoid cleaning, which can reduce value.
- Keep them in a stable environment free from humidity.
Key Highlights
- Lincoln Wheat Pennies were minted from 1909 to 1958 and remain highly collectible.
- Rare varieties like the 1909‑S VDB, 1914‑D, 1922 No D, 1931‑S, and 1943 Copper can be worth over $100,000.
- Errors, low mintages, and pristine condition drive value.
- Proper identification and preservation are essential for maximizing worth.
Final Words
The Lincoln Wheat Penny is more than just a piece of currency; it is a symbol of American history and artistry. For collectors in 2026, the thrill lies in discovering coins that may be hiding in old collections or even pocket change. With some varieties commanding six‑figure prices, the Wheat Penny continues to inspire passion and excitement among numismatists. Whether you are a seasoned collector or a curious beginner, learning to identify these rare coins could lead to a remarkable discovery worth over $100,000.
