Finding a rare coin in your everyday change sounds like something out of a movie—but it’s very real. Among the most valuable and elusive U.S. coins is the 1943 copper Lincoln Wheat Penny, a mistake from history that could be hiding in plain sight. With only a few dozen confirmed to exist, this coin has fetched prices as high as $2 million at auction, making it one of the most desirable coins in numismatic history.
If you’ve ever sifted through an old jar of coins or received wheat pennies in change, you might want to give them a second look.
Why the 1943 Copper Penny Is So Valuable
In 1943, the U.S. Mint changed the composition of the penny from copper to zinc-coated steel to conserve copper for World War II efforts. However, a small number of copper blanks—called planchets—from 1942 were mistakenly used in 1943, resulting in a rare batch of copper pennies.
Experts estimate that only 20 to 30 of these coins exist today. This minting error turned an ordinary coin into an extraordinary collector’s item, with prices ranging from $200,000 to $2 million, depending on the coin’s condition and mint mark.
How to Spot a 1943 Copper Lincoln Penny
If you think you’ve found a 1943 copper penny, here’s what to look for:
| Feature | What to Check |
|---|---|
| Color | Reddish-brown (not gray like steel cents) |
| Magnet Test | Should not stick to a magnet |
| Weight | Should weigh 3.11 grams (steel cents weigh 2.7 grams) |
| Mint Mark | Look for “D” (Denver), “S” (San Francisco), or none (Philadelphia) |
| Authentication | Get the coin graded by a reputable service like PCGS or NGC |
Record-Breaking Sales
Here are a few notable 1943 copper penny sales:
| Year Sold | Price | Auction House |
|---|---|---|
| 2010 | $1.7 million | Legend Numismatics |
| 2019 | $204,000 | Heritage Auctions |
| 2021 | $840,000 | Stack’s Bowers |
Other Valuable Lincoln Wheat Pennies
Even if you don’t have the legendary 1943 copper penny, other Lincoln Wheat Pennies can be worth hundreds or even thousands of dollars. Key dates and errors include:
| Year | Type | Estimated Value |
|---|---|---|
| 1909-S VDB | First-year issue with designer initials | $700 – $2,000+ |
| 1914-D | Low mintage from Denver | $200 – $3,000+ |
| 1922 No D | Rare error coin | $500 – $10,000+ |
| 1955 Doubled Die | Strong doubling on “LIBERTY” and date | $1,000 – $15,000+ |
Still in Circulation?
Yes, technically some of these rare coins—especially the 1943 copper cent—could still be in circulation. They might be sitting in old piggy banks, tucked away in coin collections, or mixed in with pocket change. Although the chances are slim, they aren’t zero.
What to Do If You Find One
If you believe you have a rare penny, here’s what to do next:
- Do not clean it – Cleaning can reduce its value.
- Run simple tests – Use a magnet and scale to verify.
- Take clear photos – Front and back of the coin.
- Get it graded – Contact PCGS, NGC, or a trusted coin dealer.
- Consider selling – Auction houses like Heritage or Stack’s Bowers can help.
Got a 1920 Wheat Penny?
A 1920 Lincoln Wheat Penny is not as rare as the 1943 copper, but it can still have collector value depending on its condition and mint mark. Here’s a quick overview:
| 1920 Penny Type | Estimated Value |
|---|---|
| 1920 (Philadelphia) | $0.20 – $15 |
| 1920-D (Denver) | $1 – $50+ |
| 1920-S (San Francisco) | $2 – $100+ |
If yours is in excellent shape (uncirculated or mint condition), it might be worth getting appraised.
Discovering a valuable coin in everyday change is rare, but not impossible. With a sharp eye and a little knowledge, you could turn pocket change into a small fortune. Whether you’re a seasoned collector or a casual enthusiast, checking those old pennies could be well worth your time.
FAQs
How many 1943 copper pennies exist?
Only about 20 to 30 are confirmed, though a few more may still be out there.
How can I tell if my 1943 penny is copper?
Check its color, test it with a magnet, weigh it (3.11g), and have it authenticated.
Are all 1943 pennies valuable?
No. Most 1943 pennies are steel and worth only a few cents unless they have minting errors.
Where can I sell a rare penny?
Trusted coin dealers, auction houses, and platforms like Heritage Auctions or PCGS.
