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It seems everybody likes collecting Lincoln wheat pennies.
Wheat cents, which were last made in 1958, show the familiar image of President Lincoln on the obverse and 2 stalks of wheat, signifying prosperity, on the reverse.
While tens of millions of these Lincoln wheat pennies were made without flaw from 1909 to 1958, there were several which ended up with errors that eventually turned them into valuable and sought-after collectibles.
Let’s take a look at 5 of the most popular wheat penny error coins.
5 Lincoln Wheat Penny Error Coins
Coin collectors love error coins — they, after all, are proof in the pudding that even the United States Mint isn’t always perfect!
Beyond imperfections, though, something that makes error coins so valuable is that they’re often quite scarce.
Now, for all intents and purposes, there is some disagreement about what exactly makes an error coin.
Some suggest that any modification to the die that was unintentional is an error; others call these varieties. Those which call die modifications errors normally restrict the term error to coins that were misstruck.
For the purpose of this article, I’ll refer to errors as any coin that was either misstruck or the result of a die that was modified with inadvertent results.
1922 Plain Cent
For the only time during the Lincoln cent series, Denver was the only mint to strike pennies. However, debris collecting in the mintmark of a worn die caused the U.S. Mint to attempt repairing the die with abrasives. The process essentially removed any trace of the D mintmark on some coins.
It was automatically assumed by many that the brand new 1922 pennies without mintmarks were made in Philadelphia. When the United states Mint confirmed that the Denver mint was the only facility that year to strike pennies, the 1922 plain error was born.
While error coins aren’t usually included in standard coin albums and coin books, a hole for the 1922 plain cent is usually a customary addition because it was long assumed by many coin collectors that the 1922 plain cent was the Philadelphia version of the 1922 issue. In fact, many people held it aside for that very reason.
There are 4 types of 1922 cents:
- 1922 weak D
- 1922 No-D weak reverse
- 1922 No-D strong reverse
Of the 4 types, the most desired 1922 cent is the 1922 No-D strong reverse (also called die pair #2). This variety costs around $700 in grades of Good; prices easily climb into the $1000s for coins in lesser states of wear.
1955 Doubled Die
The 1955 doubled die penny is as popular a Lincoln cent error as the 1922 plain cent — if not more so.
This hot little error coin quickly was discovered by numismatists in the day. Ever since, the demand for this coin has been through the roof. A doubled die is caused not by doubling on the die of the coin — not doubling of the strike.
Because of that several thousand 1955 doubled die cents managed to escape into circulation.
The 1955 doubled die penny is sometimes included in Lincoln cent collections, though it’s not necessary as it is not considered a regular-strike variety. Still, many coin collectors want an example of this error in their collection and won’t mind paying the $1,500+ for a specimen in Very Fine or better.
1943 Copper Penny
OK, so here it is: it’s not the 1943 silver penny or 1943 steel penny (both are the same coin, but many people mistake the steel for silver) but, rather the 1943 copper penny that’s so rare and valuable!
The simple test is that, if your 1943 penny sticks to a magnet, it’s not a bronze penny and, therefore, not rare. However, if your coin doesn’t stick to a magnet, it’s worth getting authenticated to see if it’s the real deal.
About 40 of the 1943 bronze pennies were struck by accident; presumably, some copper planchets were left behind in reserves and were fed into the presses.
The 1943 copper penny is much more valuable than the 1909-S VDB penny. Even back in 1981, a 1943 bronze cent sold for $10,000! Today, these coins routinely bring in over $100,000.
1944 Steel Penny
Just as some 1943 cents were accidentally struck in copper, some 1944 pennies were made with zinc-coated steel, just like most 1943 pennies.
With only a few 1944 steel cents known to exist, these coins are truly rare.
Grade dictates how much each 1944 steel cent sells for, though minimum values range right around $30,000. In 2008, a 1944-S steel cent in gem uncirculated sold for $374,000, making it the most valuable Lincoln cent ever sold at the time.
1959-D Lincoln Wheat Cent
Remember how we said the Lincoln wheat cent was made from 1909 to 1958? True, those are the official years of production. But there appears to have been an error of some sort that resulted in the striking of a very tiny number of 1959-D wheat pennies.
While the Lincoln Memorial appeared on Lincoln cents from 1959 through 2008, these 1959-D Lincoln wheat pennies have been a curiosity for quite some time.
Though their authenticity has been questioned by more than a few individuals, the Secret Service has confirmed some of these as being real coins.
The origin of the error is presently unknown. What is known, though, is that the 1959-D Lincoln wheat cent has drawn plenty of attention as a true numismatic oddity.
Here’s a video I made showing lots of valuable old pennies:
I’m the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I’m also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve also authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!