Valuable and rare Lincoln penny coins explained – and they’re worth up to $2,300

Ranging from the wheat and memorial cents to the VDB coin, they all feature 16th president Abraham Lincoln on one side.

The design of the Lincoln penny has changed since it was first released in 1909


The design of the Lincoln penny has changed since it was first released in 1909

Lincoln’s emergence on the obverse side of the one cent coin occurred in 1909, on what would have been his 100th birthday.

Since then, plenty of versions have been released into circulation.

Below we explain what you need to know about them and how much they’re worth.

Just keep in mind that any coin is only worth how much someone else is willing to pay for them, so you’re not guaranteed to make a mint.

The most valuable coins are usually those with a low mintage or an error.

To check out if your coins are worth anything on eBay, search the full name, select the “sold” listing and then toggle the search to “highest value.”

Lincoln wheat penny

The wheat pennies were minted until 1958

The wheat pennies were minted until 1958Credit: EBay

The wheat penny was minted from 1909 until 1958.

Similar to other Lincoln coins, it features the words “In God We Trust” on the top and “Liberty” on the left side.

President Lincoln is featured in the middle, while the year it was minted is located in the bottom right corner of the coin.

In June, a 1955 double die wheat penny sold on eBay for $2,300 after 14 bids.

Lincoln VDB penny

The VDB penny is said to the most popular of all Lincoln cents

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The VDB penny is said to the most popular of all Lincoln centsCredit: EBay/mostwantedcoins

The 1909-S VDB coin ranks as one of the most popular and widely known of all the Lincoln cents, according to Professional Coin Grading Service.

The coin is especially well-known and rare because the designer – Victor David Brenner – added his initials when he created the new version.

However, some took an issue with the initials and the letters were then removed from the coin, meaning there are only 484,000 pieces available.

A version of the coin sold for $1,850, while another racked up a $1,725 price tag.

Lincoln memorial penny

The Lincoln memorial cent replaced the wheat penny in 1959

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The Lincoln memorial cent replaced the wheat penny in 1959

The Lincoln wheat cent was replaced by the Lincoln memorial cent in 1959, and the design changed from a wheat stalk to an image of the Lincoln Memorial.

Last year, a 1972 double die version of the coin sold for $352 on eBay.

A doubled die coin isn’t properly manufactured, meaning it has the appearance of two images on a single coin die.

More than 5.5billion 1972 pennies were made, of which most entered circulation.

Experts also estimate that 20,000 examples of the 1972 double die penny were accidentally made.

Lincoln D penny

The D pennies have been minted in Denver

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The D pennies have been minted in Denver

Last but not least, the fourth version of Lincoln coins currently selling for the highest price tags on eBay is a Lincoln D penny.

As you might expect, the coin features the letter “D”, which means it was minted in Denver.

This is what makes the coin different to the Lincoln memorial and wheat coins above, which were both minted in Philadelphia.

A 1914 coin minted in Denver sold for $1,581.51 on eBay this August.

More than four million coins are said to have been minted by the Denver Colorado Mint in 1969.