Owning a Lincoln Wheat Penny today could make you a millionaire as the rare coin, though few pieces left, are still in circulation. There have been unconfirmed rumors of a $300 million one out there; however, this claim remains unverified. In the same vein, another is said to be going for about $5 million.
While the average price for a Lincoln Wheat Penny ranges from $870,000 to $1.5 million today, some factors make some pieces more valuable than others. This includes mistakes on the coin, although professional coin grading companies say such have yet to be found.
What is the Lincoln wheat penny?
The Lincoln Wheat Penny was minted over a century ago, and has now become a highly priced collectible. A few years ago, a coin collector paid $870,000 at an auction for bronze 1943 Lincoln Wheat Pennies, making it one of the priciest pennies ever sold.
The most expensive Lincoln Wheat Penny sold for $1.7 million, as it was made with real bronze, while most other coins were zinc-plated. It was first minted in 1909 as a centennial of Abraham Lincoln’s birth and was the first coin to have a presidential portrait on it.
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What coin is more expensive than the Lincoln wheat penny?
If you think the Lincoln Wheat Penny is the priciest coin, then you have not heard about the double eagle quarter. Reports say it is valued at up to $18.5 million as it features a more interesting design. Only 12 pieces still exist, with one in the custody of an anonymous collector since 2021.
Suppose one cannot find the Lincoln Wheat Penny. In that case, others like the Doubled Die Lincoln, 2005-D 5C Speared Bison Jefferson Nickel, the No Mint Mark Roosevelt Dime, and Flowing Hair Silver Dollar, which sold for up to $10 million being the first silver coin minted after the revolution, promise a fortune for whoever happens to have them.