The 1943-S Steel Penny That Sold For $110,000 – Plus 7 More Lincoln Wheat Treasures!

The Lincoln Wheat Penny, minted from 1909 to 1958, has become a cornerstone for coin collectors due to its historical significance and potential value.

Among these, certain rare specimens have fetched astonishing prices at auctions. One notable example is the 1943-S Steel Penny, which sold for $110,000.

In this article, we’ll delve into the story behind this remarkable coin and explore seven other valuable Lincoln Wheat Pennies that could be hiding in your collection.​

The 1943-S Steel Penny: A Wartime Rarity

During World War II, copper was essential for military equipment, leading the U.S. Mint to produce pennies from zinc-coated steel in 1943.

These steel pennies are common; however, a rare anomaly occurred when some were mistakenly struck on bronze planchets intended for previous years.

The 1943-S Bronze Cent is one such error. In February 2000, a 1943-S bronze cent graded MS-61 by NGC was auctioned for $115,000.

This same coin, later upgraded to MS-63 by PCGS, was sold by Heritage Auctions in November 2020 for $504,000. ​

Seven More Lincoln Wheat Penny Treasures

Beyond the 1943-S Steel Penny, several other Lincoln Wheat Pennies have achieved impressive auction results:​

1. 1909-S VDB Penny

Mintage: 484,000​

Notable Sale: A red-colored example in gem condition fetched up to $168,000. ​

2. 1914-D Penny

Mintage: 1,193,000​

Notable Sale: High-grade specimens have sold for up to $5,500. ​

3. 1922 No D (Plain) Penny

Mintage: Unknown; error coin​

Notable Sale: Examples with a strong reverse have reached $5,000.

4. 1931-S Penny

Mintage: 866,000​

Notable Sale: Well-preserved coins can command prices over $1,000. ​

5. 1955 Doubled Die Obverse Penny

Mintage: Est. 20,000–24,000​

Notable Sale: High-grade examples have sold for $1,800. ​

6. 1944 Steel Penny

Mintage: Estimated 30​

Notable Sale: A mint state example fetched $408,000. ​

7. 1943-D Bronze Penny

Mintage: Estimated 15​

Notable Sale: One specimen sold for $840,000.

Year	Mint Mark	Key Feature	Auction Price
1909	S VDB	Low mintage	Up to $168,000
1914	D	Low mintage	Up to $5,500
1922	No D	Missing mint mark	Up to $5,000
1931	S	Low mintage	Over $1,000
1955	None	Doubled die obverse	Up to $1,800
1944	None	Steel composition	$408,000
1943	D	Bronze composition	$840,000

The Lincoln Wheat Penny series offers a treasure trove of opportunities for collectors and enthusiasts. While not every penny is a hidden gem, being aware of key dates, mint marks, and errors can lead to exciting discoveries.

Whether you’re a seasoned collector or a curious novice, examining your pennies could unveil a piece of history worth a substantial sum.

FAQs

Why are some Lincoln Wheat Pennies so valuable?

Their value stems from factors like low mintage numbers, minting errors, and historical significance.​

How can I determine if my penny is valuable?

Check for key dates, mint marks, and errors. Consulting a professional coin grading service can provide an accurate assessment.​

Where can I sell a rare Lincoln Wheat Penny?

Reputable coin dealers, auction houses, and online platforms specializing in numismatics are ideal venues.​