Why did they stop making wheat pennies?
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The U.S. Mint stopped producing Lincoln Wheat Cents (wheat pennies) in 1958 due to a planned design change to commemorate the 150th anniversary of Abraham Lincoln's birth the following year. The reverse design was updated to feature the Lincoln Memorial, a design that remained until 2008.
Did they stop making wheat pennies?
So-called "wheat pennies" get their name from the back of the coin having stalks of wheat encircling the "One Cent" text. They were produced from 1909 to 1958. After that, the wheat stalks were shorn and pennies began displaying an engraving of the Lincoln Memorial.
What is a wheat penny worth today?
Most Lincoln wheat pennies are not super-valuable and are worth just a few cents more than one cent. However, some may escalate into the hundreds of dollars, depending on the condition and when minted. Certain vintages, especially with minting errors, may be worth thousands.
Why did pennies stop being made?
In February, President Trump ordered the Treasury Department to stop minting pennies because the government was losing money on every coin — since it cost 3.69 cents to produce every penny, the production process was nearly four times more expensive than the value of the coin itself (1).
Why is the 1943 penny worth $1,000,000?
This rare 1943 Lincoln cent is only 1 of 15 known in the world. Photograph courtesy of The Money Museum. This rare cent is one of approximately 15 examples found in circulation. Known as error coins, these rare pennies were made using copper instead of zinc, and were never intended to be struck.
Why Did They Stop Making Wheat Pennies? - The Collectibles Guide
Will there be 2026 pennies?
After more than 230 years, the United States is preparing to retire the penny. In early 2026, the U.S. Mint will cease production of new one-cent coins. Don't worry—your existing pennies will remain legal tender and can still be used or deposited, but once they are lost or damaged, they will not be replaced.
Why are wheat pennies so rare?
1943 Wheat Penny: During World War II, copper was diverted for military use, leading to steel cents coated in zinc. A few accidental copper pennies were minted in 1943, making them some of the most valuable coins, worth up to $100,000 or more at auction.
Why are 1999 pennies worth $4,500?
It's from 1999 and could be worth $4,500 thanks to a little-known error on it. What you want to look for is a 1999 penny with no mint mark, which means no letter under the year on the heads side. As for the tails side, that's where you have to look closely.
What is the rarest penny ever?
1. 1943-D Lincoln Bronze Wheat Penny. The 1943-D Bronze Wheat Penny is the rarest of all pennies, fetching up to $1.7 million at auction. The 1943-D Lincoln Wheat Penny is one of the most fascinating coins in American history, and only one exists.
What is the error on the 1972 Lincoln penny?
This rare 1972 D Lincoln Penny boasts a unique Rim Error and Center Off Strike, making it a highly sought-after addition to any coin collection. The coin's vibrant RD color and Rainbow Toned design add to its appeal. This Small Cent was minted in Denver, United States, and is uncertified.
Is Trump doing away with pennies?
2025 production halt
On February 9, 2025, President Donald Trump said he had ordered the Treasury secretary, Scott Bessent, to stop producing new pennies, a move that he said would help reduce unnecessary government spending.
Should I save my pennies?
So, what should you do with those pennies now? You can continue to spend them. Retailers will continue to accept pennies if you want to pay with exact change. However, you certainly shouldn't save them in the hopes that their value will increase, as that's unlikely to happen in the near future.
What 1958 penny is worth $1,000,000?
Some pennies worth $1 million. Rare Lincoln Wheat Pennies, minted from 1909-1958, are valued anywhere from thousands to millions of dollars. The Lincoln Wheat Penny was the first U.S. coin to feature a president's image.
What penny is valued at 2.3 million?
A 1943-D Lincoln Bronze Wheat Penny sold for $1.7 million in 2010 but is valued at $2.3 million in uncirculated mint condition.
What is the last year pennies were copper?
TIL U.S. pennies made before 1982 are 95% copper, but starting in 1982, the Mint switched to 97.5% zinc with a thin copper coating due to copper's rising cost. Both types were made in 1982. Copper pennies weigh 3.11g, zinc ones 2.5g.
Can you get 50 cent pieces at the bank?
One common way to get half dollars is to visit local banks and credit unions, where you can inquire about obtaining coins directly from them. Another option is to check with coin dealers or numismatic shops specializing in coins.
When was the last wheat penny made?
Mint Stop Wheat Pennies? The last Lincoln Wheat penny, also known as the Lincoln cent, was minted in 1958. The reverse changed in 1959 to feature the Lincoln Memorial instead of two stalks of wheat. Frank Gasparro designed the reverse of the Lincoln cent to commemorate the sesquicentennial of Abraham Lincoln's birth.
What's the rarest 1944 penny?
The rarest 1944 Wheat Penny is the steel version, which was minted by mistake and is extremely valuable.
Can you still cash in pennies at the bank?
Yes. All pennies currently in circulation can still be used in daily transactions. Whether you are paying for a cup of coffee, counting out exact change, or depositing rolled coins at the bank, your pennies are still valid and spendable.
What would 250 years be called?
The celebration comes with many names — Semiquincentennial, Sestercentennial, Quarter Millennial, the Big Two-Five-Oh, Philly 250, America 250 — but they all refer to the same thing: 250 years since that historic Fourth of July in 1776, exactly two-and-a-half centuries since America's birth, when the Founding Fathers ...
What penny is worth $250000 today?
Depending on their condition, those 1943 Lincoln wheat pennies would be worth at most between $100,000 and $250,000, Feigenbaum told USA TODAY.