If You Find One Of These Pennies, You're An Instant Millionaire | Elvis Duran and the Morning Show (2024)

FAQs

What 1958 penny is worth $1,000,000? ›

Consigned to an auction by New York City collector Stewart Blay just weeks before he died, this mismade 1958 Lincoln cent with severe doubling in some of the lettering was sold for a record $1.136 million by GreatCollections of Irvine, California.

Due to the copper shortage at the beginning of WW2, in 1943 pennies were struck in steel, (the color is silver, not the metal), hence the ferrous quality of steel is why the coin is attracted to a magnet. An average condition 1943 steel cent is maybe worth 15 cents. An uncirculated one is maybe worth 2–4 dollars.

What makes a 1943 steel penny rare? Unlike rare steel pennies minted in 1944, those issued in 1943 are pretty common, thanks to the high mintage in all three mints. Only several coins in the highest grade and those with collectible D/D error can be considered scarce and valuable.

One of the many notable coins on display will be a World War II Lincoln cent that sold for more than $1 million.

One reason these coins are so valuable has to do with what they are made of. As GOBankingRates previously reported, any penny minted before 1982 contains 95% copper. Copper pennies are a relatively common find in a penny roll, which lowers their value.

The 1943 copper penny is worth more than its face value. Due to its rarity and unique composition, this coin can fetch a high price of $100,000 to $250,000.

The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.

1944 STEEL Wheat Penny Value

According to the NGC Price Guide, as of June 2024, a Wheat Penny from 1944 in circulated condition is worth between $35000 and $43500. However, on the open market 1944 STEEL Pennies in pristine, uncirculated condition sell for as much as $175000.

Values for the 1945 wheat penny can vary: Circulated Pennies: Often range from $0.03 to $0.50. Uncirculated Pennies: Can range from $1 to $5 for those in pristine condition. Pennies with Errors: The value can increase significantly, often reaching $50 to $100, depending on the rarity and demand.

The 1943 Lincoln, Steel cent should stick to a magnet and the red is a form of oxidization (rust) - the missing 4 is the result of a grease filled die (where the sunken area of the die is filled and prevents a design element from being fully struck). Today these minor errors sell for $2.50 to $4 in online auctions!

Will a magnet pick up 1943 steel penny? ›

Although they continued to circulate into the 1960s, the mint collected large numbers of the 1943 cents and destroyed them. The steel cent is the only regular-issue United States coin that can be picked up with a magnet.

One of the rarest pennies cost a Beverly Hills man a pretty penny. At an auction last Thursday, Kevin Lipton shelled out $2,585,000 for the Birch Cent, a penny made in 1792 that is named after its engraver, Robert Birch. It's the most money ever paid for a one-cent piece.

The most famous error coin in America.

A Massachusetts teenager found a rare penny in his lunch change and kept it for more than seven decades until his recent death — without ever knowing it may be one of the most valuable US coins of all time.

The 1944 Steel Wheat Penny is worth an impressive $408,000. That's seriously better than winning the lottery. The second most valuable penny in 2024 is the 1943 Copper Wheat Penny at $250,000.

The Lincoln penny was produced for many years, and is still being produced to this day. With that being said, there are a number of different types of Lincoln pennies that have been produced over the years. The 1958 Lincoln is especially valuable because it was the last year the Wheat Penny design was used.

The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000! Here's everything you could possibly want to know about the 1959-D penny error!

in 1943 copper penny. If that's real, it's worth over $300,000. Let me show you.

1933 Double Eagle

And here is the world's most expensive coin of all time: the 1933 Double Eagle, worth up to $18.9 million.