The Lincoln Wheat Penny, minted from 1909 to 1958, remains one of the most collected coins in U.S. history. While many pennies from this era are common, some rare varieties have gained significant value over time. Surprisingly, a few of these valuable Lincoln Wheat Pennies are still found in circulation, hiding in pocket change or old collections.
In this article, we’ll explore five of the most valuable Lincoln Wheat Pennies that could be worth $500 or more. These pennies stand out due to their low mintage, historical significance, and unique errors, making them highly desirable among collectors.
Overview of 5 Valuable Lincoln Wheat Pennies
Below is a quick overview of the most valuable Lincoln Wheat Pennies you should look for:
| Year & Variety | Estimated Value | Reason for Rarity |
| 1909-S VDB | $500 – $12,000+ | First-year issue with low mintage |
| 1914-D | $200 – $28,000+ | Low survival rate in high grades |
| 1922 No D (Plain) | $500 – $35,000+ | Mint mark missing due to die issue |
| 1931-S | $100 – $10,000+ | Great Depression low mintage |
| 1955 Doubled Die | $1,000 – $25,000+ | Major doubling error visible to the naked eye |
Now, let’s break down why these pennies are worth so much and how you can identify them.
1. 1909-S VDB – The Most Famous Lincoln Wheat Penny
The 1909-S VDB Lincoln Wheat Penny is one of the most sought-after coins in U.S. history. This was the first year the Lincoln cent was minted, designed by Victor David Brenner (VDB). However, due to public outcry over the large “VDB” initials on the reverse, the design was quickly changed, making this version extremely rare.
- Total minted: Only 484,000
- Current value:
- Good condition: $500 – $800
- Fine condition: $950 – $1,200
- Uncirculated (MS-65): $9,500 – $12,000+
How to Identify:
- Look for the “S” mint mark below the date (San Francisco Mint).
- The “VDB” initials are clearly visible at the bottom reverse side.
2. 1914-D – The Overlooked Key Date
The 1914-D Lincoln Wheat Penny is rare in high grades, mainly because very few were saved when they were first issued. Many were heavily circulated, making uncirculated examples extremely valuable today.
- Total minted: 1,193,000
- Current value:
- Good condition: $200 – $275
- Fine condition: $350 – $500
- Uncirculated (MS-65): $20,000 – $28,000+
How to Identify:
- The “D” mint mark (Denver Mint) is below the date.
- The strike may be weaker on Lincoln’s ear and beard area.
3. 1922 No D (Plain) – The Mint Mark Error
The 1922 No D Lincoln Wheat Penny is a famous minting error caused by worn dies at the Denver Mint. In 1922, no pennies were minted in Philadelphia, so all should have had a “D” mint mark. However, due to excessive die wear, some coins show no mint mark at all, making them highly valuable.
- Total estimated: A few thousand exist
- Current value:
- Good condition: $500 – $750
- Fine condition: $1,000 – $1,500
- Uncirculated (MS-65): $30,000 – $35,000+
How to Identify:
- The “D” mint mark is completely missing.
- Stronger details on the reverse side (especially the wheat stalks).
4. 1931-S – The Great Depression Low Mintage
The 1931-S Lincoln Wheat Penny is one of the lowest-mintage pennies in the entire series. During the Great Depression, fewer coins were needed, leading to a production of only 866,000 pennies. While many were saved in uncirculated condition, this penny is still highly collectible today.
- Total minted: 866,000
- Current value:
- Good condition: $100 – $125
- Fine condition: $110 – $140
- Uncirculated (MS-65): $1,000 – $1,500
How to Identify:
- The “S” mint mark (San Francisco Mint) is below the date.
- Typically better struck than earlier S-mint pennies.
5. 1955 Doubled Die – The Most Dramatic Error
The 1955 Doubled Die Lincoln Wheat Penny is one of the most famous coin errors in U.S. history. Due to a misalignment in the hubbing process, the doubling is clearly visible on “LIBERTY,” “IN GOD WE TRUST,” and the date. This error was discovered after thousands of these coins had already entered circulation, making them highly desirable today.
- Total estimated: 20,000 – 24,000 exist
- Current value:
- Very Good condition: $950 – $1,200
- Fine condition: $1,200 – $1,500
- Uncirculated (MS-65): $18,000 – $25,000+
How to Identify:
- Major doubling on “LIBERTY” and “IN GOD WE TRUST.”
- No need for a magnifying glass – the error is obvious!
FAQs About Valuable Lincoln Wheat Pennies
1. Can I still find these valuable Lincoln Wheat Pennies in circulation?
Yes! While rare, some of these pennies still turn up in pocket change, especially from old coin rolls, piggy banks, and estate collections.
2. How do I know if my Lincoln Wheat Penny is valuable?
Check the date and mint mark first. Then, compare it to known key dates and varieties. If you’re unsure, have it professionally graded.
3. What is the best way to sell a valuable Lincoln Wheat Penny?
Selling through professional coin dealers, auctions, or online marketplaces like eBay and Heritage Auctions is recommended.
4. Should I clean my Lincoln Wheat Penny before selling it?
No! Cleaning a coin can lower its value significantly. Collectors prefer original surfaces.
5. How can I start collecting valuable Lincoln Wheat Pennies?
Start by checking your pocket change, visiting local coin shops, and learning about key dates and errors. A Lincoln Penny album is a great way to organize your collection.
Final Thoughts
Finding one of these valuable Lincoln Wheat Pennies in your change could mean a small fortune in your pocket. Whether you’re a seasoned collector or just starting, these pennies represent an exciting piece of American history.
So, the next time you get change back, take a closer look—you might just find one of these rare pennies worth $500 or more!
💬 Have you ever found a rare Lincoln Wheat Penny? Share your experience in the comments!
