No, Your Penny Isn’t Worth
Let’s clear up the biggest penny myth on the internet.
Every year, viral posts claim someone found a $17 million Lincoln penny. While those stories get clicks, they are not true.
The real record?
The legendary 1943 Bronze Lincoln Cent, which sold for $1.7 million at a verified auction.
That said, some genuine Lincoln pennies are absolutely worth life-changing money—if you know what to look for. Below are the top five Lincoln cents every collector should check, plus tips to avoid costly scams.
The Truth About “Million-Dollar” Pennies
No Lincoln cent has ever sold for $17 million
Several have sold for six and seven figures
Only specific dates, errors, and conditions qualify
Let’s focus on the real coins that matter.
Top 5 Rare Lincoln Pennies Worth Serious Money
1943 Bronze (Copper) Lincoln Penny — Worth Up to $1.7 Million
Why it’s rare
During World War II, pennies were supposed to be steel. A small number were accidentally struck on leftover bronze planchets.
How to Identify It
Color: Copper-red (not silver-gray)
Weight: 3.11 grams (steel cents weigh ~2.7g)
Magnet test: Does NOT stick
Famous Sale: $1.7 million (PCGS MS-62, 2021)
1955 Doubled Die Obverse — Worth $25,000+
What went wrong
A misaligned die created dramatic doubling on the coin’s front.
What to Look For
- Strong doubling on LIBERTY, the date, and IN GOD WE TRUST
- Visible without magnification (a huge clue)
Recent Sale: $24,150 (MS-55, 2023)
1909-S VDB Lincoln Penny — Worth $3,500+
Why collectors love it
This was the first Lincoln cent, and production stopped quickly after controversy over the designer’s initials.
Key Identifiers
- “VDB” initials at the base of the wheat stalks
- “S” mintmark below the date
- Low mintage: 484,000 only
1969-S Doubled Die Obverse — Worth Up to $50,000
One of the most dangerous to fake
Many counterfeits exist, but genuine examples are extremely rare.
Identification Tips
- Strong doubling on LIBERTY and Lincoln’s profile
- Subtle proof-like surface
- Must be authenticated — no exceptions
1972 Doubled Die Obverse — Worth Up to $1,000
Why it’s popular
An affordable entry-level error coin with bold doubling.
What to Spot
- Doubling on AMERICA and the date
- Visible even without a loupe
Perfect for beginners building a serious collection.
How to Spot Fakes and Avoid Penny Scams
Be cautious of:
“Too-perfect” online photos
Random messages offering thousands instantly
Fake slabs or unverifiable certification numbers
Collector’s Basic Toolkit
10× loupe — inspect doubling- Digital scale — confirm metal type
- Magnet — essential for 1943 cents
Always verify PCGS or NGC certification numbers on their official websites.
How to Sell Rare Pennies for Top Dollar
Step 1: Get the Coin Graded
Professional grading dramatically increases trust and value.
PCGS or NGC only
Cost: $30–$100 (worth it for coins over $1,000)
Step 2: Choose the Right Platform
| Platform | Best For | Typical Fees |
|---|---|---|
| Heritage Auctions | High-value coins ($1K+) | 10–20% |
| eBay | Mid-range coins | ~13% |
| Coin Shows | Networking & trades | Table fees |
Step 3: Create a Strong Listing
- Use keyword-rich titles
- Take photos in natural light
- Tell the coin’s story (errors sell!)
Why Lincoln Pennies Matter So Much
- Introduced in 1909 for Lincoln’s 100th birthday
- Multiple design changes: Wheat → Memorial → Shield
- Famous errors during major transitions (1955, 1982, WWII)
These factors make Lincoln cents one of the most studied coins in U.S. history.
Preservation Tips (Very Important)
Handle coins by the edges
Use archival-quality holders
Never clean coins — even lightly
Cleaning can reduce value by 50% or more.
Quick FAQ
Q: My 1943 penny sticks to a magnet. Valuable?
A: No — that’s the common steel version.
Q: Can I sell an ungraded penny?
A: Yes, but expect lower offers.
Q: Best learning resources?
A: Cherrypickers’ Guide, PCGS CoinFacts, and collector forums.
Next Steps for Treasure Hunters
Check all pennies dated 1909–1974
Join collector groups and forums
Download our free checklist at PennyVerse.info/rare-pennies
Final Thoughts
While most pennies are worth exactly one cent, a few rare exceptions can change lives. The key is knowing which coins matter — and which viral stories don’t.
we help you separate myths from money and spot real treasures hiding in plain sight. 
