Can a single penny really be worth $140 million? At first glance, it may seem like a wild internet rumor—but it’s a story that has captured the attention of collectors, treasure hunters, and curious readers across the globe. While most pennies are only worth one cent, a specific type of Lincoln Wheat Penny, possibly still in circulation, has sparked discussions about record-breaking value. But is there any truth to it?
What Is the Lincoln Wheat Penny?
The Lincoln Wheat Penny was first released in 1909 to mark the 100th birth anniversary of President Abraham Lincoln. It was the first U.S. coin to feature a real person, and the back showed two stalks of wheat, symbolizing prosperity. These pennies were minted until 1958 and are popular among coin collectors for their history and design.
Most Wheat Pennies are worth between a few cents to a few dollars, but a handful are extremely rare—and that’s where the big numbers come in.
The Famous 1943 Bronze Wheat Penny
During World War II, copper was needed for military supplies, so in 1943, the U.S. Mint produced pennies using zinc-coated steel instead of copper. These steel pennies are silver-gray in color and widely available.
But a few bronze (copper-based) planchets from 1942 accidentally remained in the minting machines. These were used to make a tiny number of 1943 bronze pennies by mistake. Only 10 to 15 genuine examples are believed to exist.
These rare coins have become legendary due to:
- Their accidental creation
- Their extreme rarity
- Their connection to wartime America
Where Does the $140 Million Value Come From?
The claim of a $140 million Lincoln Wheat Penny is not supported by any official auction record. It’s likely an internet exaggeration or speculation about how valuable one of these coins could be if it had:
- Perfect condition (Mint State 70)
- A unique minting error never seen before
- A strong, mysterious backstory (celebrity ownership or historical significance)
The most expensive 1943 bronze penny sold at auction fetched nearly $1.7 million in 2010. In private markets, a rare version might command $3 million or more. But $140 million? That’s far beyond any documented coin sale in history.
That said, rare collectibles (like fine art or luxury watches) have reached values in the hundreds of millions, so some believe a truly one-of-a-kind Lincoln penny could, in theory, fetch such an amount if bought by an ultra-wealthy collector.
Is It Still in Circulation? Maybe.
It might sound like a fantasy, but some rare coins have been found in everyday change. People have discovered valuable coins at flea markets, in old jars, or tucked away in childhood collections. Since most people don’t examine their pennies closely, a rare 1943 bronze penny could still be out there—sitting unnoticed in a kitchen drawer or coin jar.
How to Identify a Rare 1943 Bronze Penny
Here are a few steps to check if your penny is worth something extraordinary:
- Check the Date – The coin must say 1943.
- Look at the Color – Bronze pennies are copper-brown; steel ones are silver-gray.
- Magnet Test – Steel pennies stick to a magnet. A bronze penny will not.
- Weight Test – Steel pennies weigh 2.7g; bronze ones weigh about 3.1g.
- Get It Verified – If your 1943 penny is copper-colored and doesn’t stick to a magnet, take it to a certified coin dealer or grading service like PCGS or NGC.
What to Do If You Think You Found It
- Do not clean the coin—it can reduce its value.
- Store it in a protective case or soft pouch.
- Take it to a professional coin appraiser.
- Get it graded and authenticated before you sell or announce your find.
- Consider contacting a major auction house if it’s verified.
Conclusion: A Modern-Day Treasure Hunt
The claim that a Lincoln Wheat Penny is worth $140 million may be more fiction than fact—but it reflects the real excitement in the world of rare coins. Even if that exact number is exaggerated, there are pennies out there worth millions, and they just might be hiding in plain sight. So next time you get a handful of change, take a closer look. You never know—you might be holding a life-changing piece of history.
Disclaimer: The prices mentioned for rare coins, including the Lincoln Wheat Penny, are not guaranteed and may not be entirely accurate due to market fluctuations and varying appraisals.