The Lincoln Wheat Penny Valued at $168K: Can you imagine that a simple coin found in your pocket can be worth crores of rupees? America’s Lincoln Wheat Penny has recently become a topic of discussion across the world, when its price was estimated at $168,000 i.e. approximately Rs 1.4 crore. This is the same coin which people often keep in some corner of an old box or cupboard and forget about it. But this time this coin not only came into discussion but it also proved that old things sometimes have the power to change the future. Experts believe that many such coins may still be lying in people’s homes, whose value may be not in lakhs but in crores.
ALSO READ:- Rare Lincoln Wheat Penny Valued at $3.3 Million
Beginning and historical importance of Lincoln Wheat Penny
Lincoln Wheat Penny was first issued in 1909. It was specially made to celebrate the 100th birth anniversary of Abraham Lincoln, the 16th President of America. This coin marked a new beginning in the history of American currency because before this, the picture of any president was not printed on any American coin. Till then, mostly ‘Liberty’ or other symbolic pictures were printed on the coins.
The design of this coin was prepared by the famous artist Victor David Brenner. Lincoln’s image was made on the front of the coin and two ears of wheat were imprinted on the back. These ears were considered a symbol of America’s agricultural prosperity. This design continued till 1958 and after that the Lincoln Memorial design came. But even today Lincoln Wheat Penny has its own identity, and this is the reason why this coin remains very popular among collectors around the world.
The real reason behind the coins selling for crores
It is not that every Lincoln Wheat Penny sells for crores of rupees. There are some special reasons that make these coins so rare and priceless. The first reason is that a very small number of coins are made in a particular year. Many times a limited number of coins were made in a particular mint i.e. coin making factory, which increased their rarity.
The second biggest reason is any mistake in the coin or error in printing. Many times the date or word is printed twice or the coin is minted in the wrong metal. These Mint Errors are no less than a treasure for collectors. Apart from this, the condition of the coin i.e. its shine, absence of scratches or wear also increases its price manifold.
Which Lincoln Wheat Pennies have been sold the most expensive
Now let’s talk about those coins which have been sold for millions and crores in history. 1909-S VDB Lincoln Penny is counted among the rarest coins. Designer Victor David Brenner’s initials VDB were inscribed on it and only 4.8 lakh copies of it were made. That is why this coin has always been the first choice of collectors.
The 1914-D Lincoln Penny is also very special because that year it was minted in very small numbers at the Denver Mint. Due to this, its price also increased over time. In the printing of the Doubled Die Penny made in 1955, the entire date and words appear double, which makes it very special.
But the real surprising coin is the Copper Lincoln Penny of 1943. In the year 1943, there was a shortage of copper in America, so that year coins were made of steel. But some coins were accidentally cast in copper and today those coins are among the most expensive coins sold in the world. Recently, one such coin was auctioned for $1.7 million i.e. about ₹ 14 crores.
Can you also have a coin worth crores?
Whenever the price of an old coin is heard in crores, the first question that comes to mind is – can we also have such a coin? There have been many such examples in America, when a person took out such a coin from an old box in his house and became a millionaire overnight.
Many people in India also collect foreign coins. It is possible that your grandfather or grandfather may have brought a coin from America and kept it safely. If you also have Lincoln Wheat Penny, then get it checked by an expert once. It is possible that your luck may also change and a simple coin may change your life.
How to identify that the coin you have is rare and valuable
If you have Lincoln Wheat Penny and you want to know its real price, then first of all pay attention to the year written in front of the coin and the mint mark printed below it. If S is written on the coin, then it is of San Francisco Mint, D is written then it is of Denver Mint and if nothing is written then it is a coin of Philadelphia Mint.
The condition of the coin i.e. its condition also matters a lot. If that coin is absolutely new, shiny and without scratches, then its price can increase considerably. Especially if you have a 1943 coin and it is made of copper, then you can really become a millionaire.
The easiest way to check 1943 coins is – magnet test. If the coin is made of steel, then it will stick to the magnet and if it is made of copper, then it will not stick. If you have such a coin, then get it checked by an expert immediately.
Why is it important to be careful of fake coins?
Wherever the price of something is in crores, fake goods also start coming in the market. People try to pass off 1943 steel coins as real Copper Penny by coating copper on them. Some even change the date of old 1945, 1948 or 1949 coins so that they can be shown as rare.
In such a situation, it is important to always get any old or precious coin checked by a reliable certification agency. In America, agencies like PCGS and NGC are considered experts in determining the authenticity of coins. It is difficult to know the real value of a coin without authentication.
Conclusion
Lincoln Wheat Penny is not just a coin, but a confluence of history, rarity and luck that can change someone’s life in a moment. This small looking coin can have a value of crores of rupees hidden in it, provided it is rare, has a minting error or is related to a special year. This is the reason why it is always in demand among coin collectors around the world. If you also have an old American coin, then now is the time to get it identified correctly. Who knows, that coin may prove to be the biggest treasure of your life.
FAQs On The Lincoln Wheat Penny Valued at $168K
Q. Why is the Lincoln Wheat Penny so valuable?
A. Some specific Lincoln Wheat Pennies are rare due to mint errors, limited production, or unique materials, making them highly valuable.
Q. Which Lincoln Wheat Penny is the most expensive?
A. The 1943 Copper Lincoln Penny is among the most valuable, with one sold for $1.7 million.
Q. How can I check if my Lincoln Penny is valuable?
A. Check the year, mint mark, and condition. Use a magnet to test 1943 coins—copper ones won’t stick.
