That bold question has shocked collectors worldwide—and for good reason.
For decades, one Lincoln penny has been called the most valuable coin ever found in pocket change, with values reported as high as $13 million. While that number represents the maximum headline value, the coin itself is very real, extremely rare, and has sold for life-changing amounts at major U.S. auctions.
Let’s explain exactly what this coin is, why it’s valuable, and how to identify a real one—step by step 
Step 1: What Coin Is Shown in the Picture?
The image represents the Lincoln Memorial penny, focusing attention on a critical mint error area on the reverse.
This type of image is most commonly used to highlight the 1943 Bronze Lincoln Cent, the most famous U.S. penny error of all time.
Basic Coin Details
- Design: Lincoln Memorial (Reverse)
- Denomination: One Cent
- Year of Interest: 1943
- Expected Metal (1943): Steel
Wrong Metal (ERROR): Bronze / Copper
This coin should never have existed.
Step 2: The Mint Error That Created a Legend
What Went Wrong at the U.S. Mint?
In 1943, copper was urgently needed for World War II ammunition.
As a result, the U.S. Mint switched pennies to zinc-coated steel.
However:
- A small number of bronze planchets (leftover from 1942)
- Accidentally remained in the minting presses
- And were struck with 1943 dies
That single mistake created one of the rarest and most valuable coins in history.
Step 3: Why This Penny Is Worth a Fortune
Key Reasons for Its Value
Wrong metal error (bronze instead of steel)
Extremely low survival count (fewer than 20 known)
Strong demand from elite collectors
Fully documented and authenticated
Sold at major U.S. auctions, including New York
This is why collectors aggressively compete whenever one appears.
Step 4: How to Identify a Real $13M Lincoln Penny
Follow these steps in order:
Magnet Test (FASTEST CHECK)
- Steel penny: sticks to a magnet
- Bronze penny: does NOT stick
If it sticks, it is not the rare one.
Weight Test
- Steel cent: ~2.7 grams
- Bronze cent: ~3.11 grams
A heavier coin is a major clue.
Color & Surface (Like the Picture)
- Reddish-brown or chocolate copper tone
- No silver or gray appearance
- No bubbling (steel pennies often corrode)
Correct Date
- Must clearly read 1943
- No altered numbers
- No added copper coating
Many fakes exist. Professional authentication is mandatory.
Step 5: Is the $13 Million Price REAL?
The Truth (Important for Collectors)
- The $13 million figure represents the maximum estimated value often cited in collector media and headlines.
- Verified auction sales have reached hundreds of thousands to over $1 million, depending on condition and mint.
- These sales were conducted by major U.S. auction houses, including transactions involving New York-based coin buyers.
The coin is 100% real, professionally authenticated, and historically proven.
Step 6: Where to Sell a Rare Penny Like This
If you believe you have one:
Best Places
- Major U.S. coin auction houses
- Certified numismatic dealers
- High-end New York coin buyers
- PCGS or NGC auction partners
Never Sell To
- Pawn shops
- Facebook Marketplace
- Unverified “cash buyers”
Step 7: How to Sell It Safely
Do NOT clean the coin
Submit it to PCGS or NGC for authentication
Request auction placement
Let competitive bidding determine the price
This is how record prices are achieved.
Final Warning: Do NOT Ignore Old Pennies
Most people:
- Spend them
- Throw them away
- Or never check them
That mistake has cost people millions.
Always check 1943 pennies carefully.
Final Thoughts
The coin shown in the image represents one of the most legendary errors in U.S. history.
It is real, documented, and confirmed through major American auctions, including New York buyers.
You may never find one—but if you do, it could change your life.
