The Lincoln Wheat Penny Valued at $11 Million, Still in Circulation?

At some point, we have all stored old coins or notes in the hopes that they could one day gain unique worth. However, did you know that the Lincoln Wheat Penny, a unique antique American coin, is thought to be worth almost 11 million dollars, or 90 crore rupees in today’s currency? Surprisingly, this currency is still occasionally seen wandering around with regular folks!

What is Lincoln Wheat Penny?

Lincoln Wheat Penny is a special type of American coin, which was first made in the year 1909. It has a picture of America’s famous President Abraham Lincoln on it and two ears of wheat are shown on its back, which is why it is called “Wheat Penny”.

Why is this coin so valuable?

The price of every coin depends on its rarity, minting error, special year, and its condition. Some Lincoln Wheat Penny, such as the 1943 copper version, are very rare. Because at that time most coins were made of steel, but by mistake some coins were minted in copper. This mistake makes them exceptionally valuable.

How did it get the price of 11 million dollars?

Recently some collectors and numismatists (coin collecting experts) found that the price of some special mint Lincoln Wheat Pennies, such as the 1943 copper penny or the 1909-S VDB version, has reached crores in auction. Among these, there was one coin that was auctioned for almost 11 million dollars!

Is this coin still in circulation?

It is very surprising that some Wheat Pennies can still be found with people or roaming in the market. Especially in America, people often look carefully at old coins, whether they have any such special coin or not.

How can you identify Lincoln Wheat Penny?

• There is an image of Lincoln on the front of the coin.
• There are two ears of wheat on the back.
• Only coins made between 1909 and 1958 are considered wheat pennies.
• If there is a small mark of “S” or “D” on it, then that coin can be even more rare.
• If it is a copper coin of 1943, then its value can be in crores.

Is there any such possibility in India too?

If any member of your family has preserved old American coins, or you have ever found such coins while traveling abroad, then it is possible that you too have Lincoln Wheat Penny. In such a situation, contacting a good coin expert or auction house would be a wise step.

What to do if you have such a coin?

• First of all, identify the coin correctly.
• Get it checked by a certified numismatic expert.
• Keep the coin in good condition – do not scratch or wash it.
• If its price proves to be right, then you can put it in the auction.

Conclusion:

There are many things in the world that seem trivial at first glance, but knowing their real price blows your mind. Lincoln Wheat Penny is one such example. So the next time you see an old coin or search an old box, your luck may be hidden in it.

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