Rare Error Coin The $94,000 Lincoln penny is valuable due to a rare minting error—specifically, the 1943 bronze (copper) Lincoln penny, which was accidentally struck in bronze instead of zinc-coated steel during World War II.
Wartime Composition Change In 1943, the U.S. Mint switched to steel pennies coated in zinc to conserve copper for the war effort. However, a few bronze blanks from 1942 were mistakenly left in the machines.
Extremely Limited Quantity Only about 10 to 20 authentic 1943 bronze pennies are known to exist, making them ultra-rare and highly sought after by collectors.
Often Mistaken for Common Coins Because they look similar to regular copper pennies, many people don't realize their potential value and unknowingly spend or discard them.
Verification Is Key Many fakes exist, so authentication by a professional grading service like PCGS or NGC is essential before a sale.
High Auction Value One genuine 1943 bronze Lincoln penny fetched $94,000 at auction, and others have sold for over $100,000, depending on condition and provenance.
Still Possibly in Circulation Though rare, some believe a few of these valuable error coins may still be out there, hiding in old penny jars, piggy banks, or pocket change.