10 Rare Pennies Worth $112 Million Each

Some people dream of striking gold. Others might just need to check their coin jar. Imagine reaching into your pocket and pulling out a penny—not just any penny

Some people dream of striking gold. Others might just need to check their coin jar. Imagine reaching into your pocket and pulling out a penny—not just any penny, but one so rare it’s worth millions.

While it may sound unbelievable, there are indeed rare pennies worth thousands—and even millions—of dollars. And yes, you might unknowingly have one in your possession.

This article will delve into the fascinating stories behind 10 rare pennies that have stunned collectors and investors, provide guidance on how to identify them, and offer expert advice on what to do if you find one.

10 Rare Pennies Worth $112 Million Each

It’s no secret that the dream of finding a $112 million penny is mostly a myth. However, the real value of some pennies can indeed be life-changing.

Whether you’re a seasoned numismatist or just curious, it pays to look closely at your change. Who knows—your next penny could be worth more than you ever imagined.

The Allure of Rare Pennies

It’s easy to overlook the humble penny. After all, it’s only worth a cent—right?

But to collectors (called numismatists), some pennies are hidden treasures. A combination of minting errors, historical context, and limited circulation can make certain coins extremely valuable. The phrase “$112 million penny” likely originates from sensational headlines or cumulative collection values, but even single coins valued in the millions do exist. Let’s look at how.

What Makes a Penny Valuable?

Several factors influence a penny’s worth:

1. Rarity

Coins with low mintage numbers or limited circulation are often more valuable.

2. Errors and Variants

Coins with minting errors—like doubled dies, missing mint marks, or wrong metal types—are extremely sought after.

3. Condition (Grade)

The better the condition, the higher the grade—and the more it’s worth. Coins are professionally graded by companies like PCGS or NGC.

4. Historical Relevance

Coins from wartime or transitional periods often hold special appeal.

Deep Dive: 10 Rare Pennies Worth $112 Million Each Explained

1. 1943-D Bronze Wheat Penny

During WWII, pennies were supposed to be struck in steel. However, one bronze planchet slipped through at the Denver Mint. Only one is known to exist, and it sold for $1.7 million in 2010.

2. 1944-S Steel Penny

The reverse situation occurred in 1944 when the Mint returned to copper, but a few leftover steel blanks were used. Only two 1944-S steel pennies are known.

3. 1958 Doubled Die Obverse

Due to a rare error, letters on this coin appear “doubled.” Fewer than 3 dozen exist. A gem example fetched over $200,000.

4. 1909-S VDB Lincoln Penny

Designer Victor D. Brenner’s initials (“VDB”) caused controversy. Only 484,000 were minted with these initials, making them one of the rarest.

5. 1926-S Lincoln Cent

While not a famous error coin, its rarity in mint condition drives its value.

6. 1914-D Lincoln Penny

Difficult to find in good shape, this coin from Denver often sells for over $100,000 in top grade.

7. 1943 Copper Penny

Made in error when a copper blank was used instead of a steel one. Around 20 are known.

8. 1955 Doubled Die Obverse

An iconic error penny, this coin is a favorite among collectors for its dramatic doubling.

9. 1922 No D Penny

Denver was the only Mint producing cents in 1922. Worn dies caused the “D” to disappear from some coins—these are now collectible.

10. 1931-S Lincoln Penny

Issued during the Great Depression, only 866,000 were minted, and few survive in high grade.

How to Check Your Change for Rare Pennies?

Think you might have one of these treasures? Here’s a quick step-by-step guide:

Step 1: Look at the Date

Any penny before 1959 should be inspected carefully.

Step 2: Check for Mint Marks

Mint marks are small letters below the date:

Step 3: Inspect for Errors

Use a magnifying glass to spot doubling, missing details, or strange coloring (copper vs. steel).

Step 4: Weigh It

Steel cents weigh about 2.7g; copper cents weigh 3.11g