Lincoln Wheat Penny and rare coins could be worth up to $50 million, check your closet!

Lincoln Wheat Penny and rare coins could be worth up to $50 million: American numismatics values the Lincoln Wheat Penny as its Wheat Cent nickname indicates its popularity since American Mint production began in 1909 and ended in 1958. From 1909 through 1958 the U.S. Mint produced this coin which circulated throughout the American monetary system for fifty years. Even after so many years, this coin continues to be a popular choice among the collection community. Whether experiencing coin collecting for the first time or doing it with advanced skill the Lincoln Wheat Penny demonstrates both historical significance and valuable currency status.

What is the Lincoln Wheat Penny?

During a span of fifty years from 1909 to 1958 the U.S. Mint produced the Lincoln Wheat Penny at its 1-cent value. One side of the coin shows U.S. President Abraham Lincoln and its reverse displays a pair of wheat ears. From 1859 to 1908 the Indian Head Cent circulated as currency before its replacement by the coin featuring Lincoln Wheat Penny. When 1959 arrived the Lincoln Wheat Penny lost its status to the Lincoln Memorial Cent which celebrated the 150th birthday of the late President Abraham Lincoln.

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History of Lincoln Wheat Penny

The Lincoln Wheat Penny was designed by Victor David Brenner, an American Jewish sculptor and coin designer. In 1907, Brenner was chosen to design a new coin to commemorate Abraham Lincoln’s 100th birth anniversary. The design of this coin was special because it was the first coin in American history to feature an image of a president. The design featured a right-facing portrait of Lincoln and ears of wheat on the reverse, with the words ‘E PLURIBUS UNUM’ and ‘UNITED STATES OF AMERICA’ inscribed on it.

Design of Lincoln Wheat Penny

The coin’s design includes some important elements:

Front design: It features a right-facing image of Abraham Lincoln, along with the words ‘LIBERTY’ and ‘IN GOD WE TRUST’.
Obverse design: It features two wheat ears, symbolizing agriculture and prosperity, and the word ‘CENTS’ appears.

Lincoln Wheat Penny Value

The value of the Lincoln Wheat Penny depends on several factors, such as its rarity, condition, and demand among collectors. Some coins are worth only a few cents, while some coins can sell for hundreds or thousands of dollars at auction.

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Rare and Valuable Lincoln Wheat Penny

1909-S VDB: This coin is one of the most famous and valuable coins. It is one of the first few coins of Victor David Brenner’s design to have ‘VDB’ stamped on it, making this coin highly valuable.
1914-D: The 1914-D coin is rare, and can be worth thousands of dollars if in good condition.
1922 No D: This is a defective coin, in which the D mintmark was not inserted, and is considered very valuable by collectors.

How to Identify a Valuable Lincoln Wheat Penny?

To identify a valuable Lincoln Wheat Penny, you’ll need to look carefully at these elements:

Date: Look for certain years such as 1909-S VDB, 1914-D, 1922 No D.
Mintmark: Look for the mintmark on the back of the coin, as some mintmarks are more rare.
Errors: Some coins may have errors such as a misprint or double strike, which can make them less valuable.
Coin condition: Higher quality coins are more valuable.