Woman surprised with her hands on her face in front of a background of dollar bills.
CONSUMER AFFAIRS

Surprise Across America: Lincoln's Coin Worth a Fortune You Could Have

Collectors are willing to pay high sums of dollars for a unique and very special coin

In the world of collectors, there are small treasures hidden in the most unexpected places. Some coins, seemingly common, can have a value that far exceeds their appearance. A surprising example is the famous Lincoln cent, which has changed the fortune of many lucky individuals.

At first glance, the Lincoln Wheat Penny doesn't look much different from any other penny. However, some special editions of this piece can reach impressive prices in the auction market. What once served to buy a loaf of bread could today be worth several hundred thousand dollars.

Man surprised with round glasses in front of coins and bills.
The Lincoln Wheat Penny Worth More Than 0,000 | @billionphotos, sevendeman, nerijusde

A Penny That Left a Mark in History

The Lincoln Wheat Penny appeared in 1909 to commemorate the centennial of Abraham Lincoln's birth. This was the first American coin to feature the face of a real person, breaking a centuries-old tradition. The design by Victor David Brenner includes on the obverse the profile of Lincoln along with the words "IN GOD WE TRUST," "LIBERTY," and the year of minting.

On the reverse, two wheat stalks symbolize prosperity and growth, accompanied by the inscriptions "ONE CENT" and "UNITED STATES OF AMERICA." Although this original design was kept until 1958, millions of these pennies still circulate today. But only some rare specimens, like the 1943 Copper Lincoln Wheat Penny, have become extremely valuable pieces for collectors.

1943 penny with the profile of a man on one side and the text
At auctions, they have been sold for 0,000 | Heritage Auction, Pexels de Dmitry Demidov

In 1943, due to the copper shortage caused by World War II, the Mint used zinc-coated steel to manufacture the pennies. However, due to a production error, a small number of coins were minted in leftover copper. These coins have sold for up to $630,000, becoming some of the most expensive ever auctioned.

How to Identify a Genuine Treasure

Recognizing a genuine 1943 Copper Lincoln Wheat Penny requires observing some essential details. A first test involves bringing the coin close to a magnet: if it doesn't stick, it could be copper and not steel. Additionally, the color is indicative, as copper shows a reddish-brown tone instead of the typical metallic gray of steel.

United States one-cent coin with wheat ears on the reverse.
This copper coin weighs only 0.095 oz. (2.7 grams) | Heritage Auction, Pexels de Dmitry Demidov

Weight is another essential factor: the copper coin should weigh approximately 3.11 grams, while the steel one weighs only 2.7 grams. For even more precise identification, it is advisable to carefully examine the date, especially the number "3" in 1943, which should be well-defined and unaltered.

If one suspects they have one of these rare pieces, it is most advisable to turn to certification services like PCGS or NGC. They can authenticate the penny and determine its state of preservation, opening up the possibility of a sale that could change the owner's life.

➡️ Consumer Affairs

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