The idea that a Lincoln Wheat Penny could be worth $168,000 sounds unbelievable—but it’s true. Certain rare Wheat pennies have sold for six-figure prices at auction, and some are still believed to be circulating or hidden in old collections.
This guide explains which Lincoln Wheat Penny is worth $168,000, why it’s so valuable, and how to check your change for one of these rare coins.
What Is a Lincoln Wheat Penny?
The Lincoln Wheat Penny was minted from 1909 to 1958 and features:
- Abraham Lincoln on the obverse
- Two wheat stalks on the reverse
These pennies are popular among collectors due to their age, historical significance, and rare varieties.
Which Lincoln Wheat Penny Is Worth $168,000?
The 1943 Bronze Lincoln Wheat Penny
The 1943 Bronze (Copper) Wheat Penny is one of the most famous and valuable U.S. coins.
Why It’s So Rare
- In 1943, pennies were supposed to be made of steel due to World War II copper shortages
- A few bronze planchets from 1942 were accidentally used
- Fewer than 20 authentic examples are known
One of these rare pennies sold for approximately $168,000, depending on condition and certification.
How to Identify a $168,000 Wheat Penny
Step-by-Step Identification Guide
1. Check the Date
- Look for 1943
2. Test with a Magnet
- Steel pennies stick to magnets
- Bronze pennies do NOT
3. Check the Color
- Bronze pennies have a reddish-brown tone
- Steel pennies appear gray or silver
4. Weigh the Coin
- Bronze: 3.11 grams
- Steel: 2.7 grams
⚠️ Many fakes exist—professional authentication is essential.
Lincoln Wheat Penny Value Chart
| Year | Variety | Condition | Estimated Value |
|---|---|---|---|
| 1909-S VDB | Key Date | VF–MS | $700 – $3,000+ |
| 1914-D | Key Date | VF–MS | $200 – $2,500 |
| 1922 No D | Mint Error | Fine–MS | $500 – $12,000 |
| 1943 Bronze | Error Coin | AU–MS | $100,000 – $250,000 |
| 1955 Doubled Die | Error | VF–MS | $1,200 – $15,000 |
Could a $168,000 Penny Still Be in Circulation?
Yes—But It’s Extremely Rare
Many valuable Wheat pennies were:
- Spent unknowingly decades ago
- Stored in jars or piggy banks
- Passed down through families
While the odds are low, new discoveries still happen, especially when old collections are rediscovered.
Why Collectors Pay Six Figures for This Penny
Factors That Drive Value
- Extreme rarity
- Minting mistake during wartime
- High collector demand
- Strong auction competition
Condition and authentication play a huge role in final price.
How to Protect and Sell a Rare Wheat Penny
Do This Immediately
- Do not clean the coin
- Store in a soft holder or flip
- Avoid handling the surfaces
Get Professional Grading
- Submit to PCGS or NGC
- Certified coins sell for far more
Other Valuable Lincoln Wheat Pennies to Watch For
- 1909-S VDB
- 1914-D
- 1922 No D
- 1955 Doubled Die
Even worn examples can be worth hundreds or thousands of dollars.
Final Thoughts
A Lincoln Wheat Penny worth $168,000 is real—and it could be hiding in old change, collections, or inherited coins. While incredibly rare, the possibility keeps collectors searching and checking every penny they find.