Imagine holding a penny that’s worth more than a luxury car. It sounds like a dream, but it’s true for the 1909-S Lincoln Wheat Penny. This small coin, just a bit bigger than your thumb, could be worth up to $100,000 if it’s in perfect condition. Even more surprising, it might still be out there—hidden in old coin jars or passed around as everyday change.
The First of Its Kind: The 1909-S Lincoln Wheat Penny
The 1909-S Lincoln Wheat Penny is a landmark piece in American coinage history. It was the first year the U.S. Mint produced the Lincoln cent, replacing the long-standing Indian Head cent. This new design was introduced to celebrate the 100th birthday of Abraham Lincoln, adding significant historical value to the coin.
What adds to this coin’s rarity is the “S” mintmark, indicating it was struck in San Francisco. Only 484,000 of these coins were produced bearing both the “S” mintmark and the initials “V.D.B.”, representing designer Victor David Brenner. Although this number seems large, it is remarkably low in numismatic terms, especially for a coin that was actively used in everyday transactions.
What Makes the 1909-S V.D.B. Penny So Valuable?
Several factors contribute to the high value of this coin. Firstly, its rarity makes it a prized possession. Secondly, its historic significance as the first-ever Lincoln penny adds to its allure. Lastly, the presence of the designer’s initials “V.D.B.” on the reverse side, which sparked controversy and led to their removal in later issues, makes this coin particularly unique and desirable to collectors.
The price of a 1909-S V.D.B. penny can vary widely depending on its condition, ranging from a few thousand rupees to well over $100,000 at international auctions. The highest prices are reserved for coins that remain in pristine, mint-quality condition.
How to Spot a 1909-S V.D.B. Penny
If you happen upon an old penny, start by checking the year—1909 is the key date to look for. Next, examine just below the date on the coin’s front to see if there is an “S” mintmark, which denotes the San Francisco Mint as its origin.
Turn the coin over and inspect the bottom of the reverse side. If you spot the initials “V.D.B.” nestled between the wheat stalks, you could be holding the rare and valuable 1909-S V.D.B. wheat penny.
Also, consider the coin’s wear, coloration, and signs of aging. While a genuine penny may show some wear, the important details should still be legible. Since many counterfeit versions exist, it’s always a good idea to have the coin authenticated by a professional.
Still in Circulation?
Believe it or not, some of these coins might still be circulating. While many have found their way into private collections or auction houses, a few may be hidden away in old coin jars, inherited collections, or piggy banks. Because most people are unaware of the penny’s value, some might have been spent unknowingly. It’s wise to inspect your pennies carefully before spending them.
What to Do if You Find One
If you discover what you think is a 1909-S V.D.B. penny, resist the urge to clean it, as cleaning can drastically lower its value. Instead, bring it to a certified coin expert or grading service for proper verification. These professionals can confirm the coin’s authenticity and give you a clear idea of its market worth. After verification, you can decide whether to keep, sell, or auction the coin for a potentially significant return.
The 1909-S Lincoln Wheat Penny is much more than just a coin. It is a piece of history, a collector’s treasure, and potentially a life-changing find. Although the chances of finding one are slim, they are far from impossible. For coin enthusiasts and casual checkers alike, taking a closer look at your spare change could lead to an extraordinary discovery.
FAQs
What makes the 1909-S Lincoln Wheat Penny so valuable?
It is valuable because of its limited production at the San Francisco Mint and the presence of the “V.D.B.” initials, which were later removed, making it highly collectible.
How can I identify a 1909-S V.D.B. penny?
Look for the year “1909” on the front, an “S” mintmark below the date, and the “V.D.B.” initials on the bottom reverse side between the wheat stalks.
Is the 1909-S V.D.B. penny still in circulation?
Yes, though rare, some coins may still exist in old coin collections, piggy banks, or change jars, as many people do not recognize their value.
How much can a 1909-S Wheat Penny sell for?
Prices vary greatly with condition, ranging from thousands of dollars to upwards of $100,000 for coins in mint or near-perfect condition.
What should I do if I find a 1909-S V.D.B. penny?
Do not clean it. Take the coin to a certified coin dealer or grading service to confirm its authenticity and determine its value.
