Lincoln Wheat Penny worth lakhs is still in circulation – Do you have this priceless coin?
Do you know that an old and common looking coin of America, called Lincoln Wheat Penny, has got a price of $224,000 (about ₹1.8 crores) today? And the most surprising thing is that this coin is still being used in the market for common transactions.
This means that some such extremely valuable coins may still be lying in people’s pockets, wallets or coin boxes, but perhaps no one has any idea of its real value.
What is Lincoln Wheat Penny?
Lincoln Wheat Penny is a historical coin of America, which was made from 1909 to 1958. This coin has a picture of former US President Abraham Lincoln, and on its other side there are two ears of wheat – that is why it was named “Wheat Penny”.
These coins made in certain years are considered extremely rare, especially those in which there was a printing mistake or which were mistakenly made of a different metal.
Why does this coin fetch $224,000?
The most special thing about it is the 1943 Copper Wheat Penny. That year steel was being used for the war, so all the coins had to be made of steel. But by mistake some coins were also minted from copper — and this mistake is making them so valuable today.
As these rare coins became a topic of discussion among collectors, their price also started skyrocketing. Today, a 1943 Copper Wheat Penny in perfect condition can sell for up to $224,000!
Is this coin still in circulation?
Yes, this is the most surprising thing! Some such rare coins are still being used in normal transactions today because most people do not know that they have a special coin. In such a situation, if you live in America, or you have old American coins, then definitely look at them carefully once.
How to identify that you have the same valuable coin?
If you have an old Lincoln Wheat Penny, then pay attention to these things:
- The year should be written as 1943.
- The metal should be copper (if it does not stick to the magnet, then it is a good sign).
- Wheat ears should be made on the back of the coin.
- Any kind of printing mistake should be seen (such as double print of words or reverse letters).
If you have such a coin, then definitely show it to the nearest numismatist (coin expert). You may be shocked to know its real value.
Conclusion:
There may be a coin lying in your pocket or old wallet which is worth lakhs – you just need to identify it. Lincoln Wheat Penny is a living example of how a simple looking coin can change your fate.
So the next time you handle your coins, look carefully – who knows, you too may have such a precious coin hidden away!
FAQs
What is Lincoln Wheat Penny?
Lincoln Wheat Penny is an old coin of America, which was issued from 1909 to 1958. It has a picture of Abraham Lincoln on the front and two wheat ears on the back, hence it is called “Wheat Penny”.
Why is this coin so expensive?
In some special years (like 1943), this coin was mistakenly made of copper, while the rest of the coins of that year were made of steel. This mistake has made it extremely rare and valuable for collectors – whose price has reached $224,000 (about ₹ 1.8 crores) today.
Is this coin still in circulation?
Yes, some rare Lincoln Wheat Pennies are still circulating in the market because common people do not know about their specialty and price. In such a situation, these coins are sometimes found in everyday transactions.