Most people think of pennies as pocket change, often tossed aside or forgotten in jars and drawers. But what if one of those humble coins is worth a fortune? Believe it or not, certain rare pennies have sold for hundreds of thousands—and even over a million dollars. If you’ve got an old penny in your collection, it’s time to take a closer look. Here’s one rare penny that could change your life and a few others that are also worth big money.
1943 Copper Lincoln Penny
During World War II, the U.S. Mint switched to zinc-coated steel for pennies to save copper for the war effort. However, by mistake, a few copper planchets were left in the machines, resulting in the rare 1943 Copper Lincoln Penny. Fewer than 20 are known to exist. One of these pennies sold at auction for over $1.7 million. If you find a 1943 penny and it doesn’t stick to a magnet, you might have a jackpot on your hands.
1909-S VDB Lincoln Penny
Another highly sought-after coin is the 1909-S VDB Lincoln Penny. This was the first year of the Lincoln cent, and the “VDB” initials of the designer, Victor David Brenner, were placed prominently on the reverse. Due to controversy over the initials, production was quickly halted, making this version extremely rare—especially with the San Francisco “S” mint mark. In excellent condition, this penny can fetch over $100,000 at auction.
Pennies might be the smallest denomination in your change jar, but some of them can hold massive value. The 1943 Copper Penny and 1909-S VDB Lincoln Penny are just two examples that have fetched incredible prices due to their rarity, history, and condition. So before you roll up those coins or toss them into a jar, take a moment to inspect them—you could be holding onto a millionaire-making penny.
FAQ’s:
1. How can I tell if I have a 1943 Copper Penny?
Try the magnet test. If the penny doesn’t stick, it may be copper. Also, check the date—it must be 1943. Always verify with a professional appraiser.
2. Why is the 1909-S VDB penny so valuable?
It had a very short production run with only 484,000 minted. The “VDB” initials and “S” mint mark make it especially rare.
3. What is the most valuable penny ever sold?
A 1943 Copper Lincoln Penny once sold for over $1.7 million, making it one of the most valuable pennies in history.
4. Are old pennies always valuable?
Not all old pennies are valuable. Rarity, condition, and historical significance all play a role. Mint marks and production errors can increase value.
5. Where can I get my penny appraised?
You can consult reputable coin dealers or send your coin to grading services like PCGS or NGC for professional evaluation and authentication.
