Q:

Is there a penny that is worth a million dollars?

A:

Quick Answer

According to InvestmentNews, a U.S. 1943 Lincoln head copper penny in flawless condition is worth $1.7 million. Only 40 of these coins are known to be in existence.

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Is there a penny that is worth a million dollars?
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Full Answer

In 1942, copper was being heavily rationed by the U.S. government for the use of ammunition. Pennies had previously been made from copper, but because of the rationing, the mint switched to using steel. A few of the copper coins found their way into circulation, however, and they are now some of the most rare and valuable coins of the modern era. They are composed of 95 percent copper and 5 percent tin and zinc.

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    What is the value of a 1942 penny?

    A:

    An average condition 1942 Lincoln wheat penny carries a value of $0.20 to $0.35, according to experts at CoinTrackers.com and CoinValues.com. Coins in certified, mint condition and uncirculated states may carry a value ranging from $4.00 to $5.00, as of 2015.

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    What is a 1944 copper penny's value?

    A:

    A 1944 copper wheat penny with an "S" mark stamped under the year has an average value of approximately 15 cents, but it may be worth as much as $8 if it is in mint condition, as of 2015. A 1944 copper wheat penny with a "D" mark also has an average value of 15 cents, but it is only worth up to $6 in mint condition.

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