Lincoln pennies have been a cornerstone of American coinage since 1909, when they were first introduced to honor the centennial of Abraham Lincoln’s birth. Designed by Victor David Brenner, the coin was the first U.S. currency to feature a real person rather than a symbolic figure. Over the decades, billions of Lincoln pennies have been minted, but within this massive production, a handful of ultra rare varieties have emerged that are worth fortunes. In 2026, collectors continue to prize these coins, with some examples valued in the millions. This guide explores the top five ultra rare Lincoln pennies, their history, and why they remain treasures for millionaire collectors.
The History of the Lincoln Penny
The Lincoln penny was introduced in 1909, replacing the Indian Head cent. Brenner’s design featured Lincoln’s portrait on the obverse and two wheat stalks on the reverse, symbolizing prosperity. This design, known as the Wheat penny, was used until 1958, when it was replaced by the Lincoln Memorial reverse. In 2010, the reverse design changed again to depict the Union Shield. Throughout its history, the Lincoln penny has remained one of the most recognizable coins in circulation.
Why Some Lincoln Pennies Are Worth a Fortune
Most Lincoln pennies are common and worth only one cent, but certain factors can elevate their value dramatically:
- Low mintage years, where fewer coins were produced
- Minting errors, such as doubled dies or missing mint marks
- Condition, with uncirculated or high‑grade examples commanding premiums
- Collector demand driven by nostalgia and the pursuit of complete sets
- Historical significance tied to early issues and unique varieties
The Top 5 Ultra Rare Lincoln Pennies
1. 1909‑S VDB Lincoln Penny
The 1909‑S VDB is the most famous Lincoln penny, with only 484,000 minted in San Francisco. The initials “VDB” stand for Victor David Brenner, the coin’s designer. This penny is considered the key date of the series and can be worth thousands, with high‑grade examples reaching tens of thousands.
2. 1914‑D Lincoln Penny
The 1914‑D is another scarce issue, with only 1.2 million minted in Denver. It is highly sought after by collectors and can be worth hundreds in circulated condition, with uncirculated examples valued in the thousands.
3. 1922 No D Lincoln Penny
In 1922, pennies were struck only in Denver, but some coins were produced without the “D” mint mark. These “No D” varieties are rare and valuable, with prices ranging from hundreds to thousands depending on condition.
4. 1931‑S Lincoln Penny
With a mintage of just 866,000, the 1931‑S is one of the lowest‑mintage Lincoln pennies. It commands strong premiums, especially in high grades, with values reaching thousands.
5. 1955 Doubled Die Lincoln Penny
This error variety shows dramatic doubling on the date and lettering. It is one of the most famous error coins in U.S. history and can be worth thousands, with uncirculated examples valued even higher.
Value Trends in 2026
The market for Lincoln pennies has remained strong in recent years. Auction records and collector demand have kept prices stable or rising for rare varieties. Key trends include:
- Increased interest in early mintages from 1909 and 1914
- Rising premiums for error varieties such as the 1955 doubled die
- Growing popularity of complete Lincoln penny sets among collectors
- Online auctions expanding access to rare coins worldwide
- Younger collectors entering the market, keeping demand strong
Updated Price Chart
| Lincoln Penny Variety | Average Value (Circulated) | Value in Mint State | Notes |
|---|---|---|---|
| 1909‑S VDB Lincoln Penny | $700+ | $5,000+ | Key date |
| 1914‑D Lincoln Penny | $150+ | $3,000+ | Scarce issue |
| 1922 No D Lincoln Penny | $250+ | $5,000+ | Rare variety |
| 1931‑S Lincoln Penny | $75+ | $1,500+ | Low mintage |
| 1955 Doubled Die Lincoln Penny | $1,000+ | $15,000+ | Famous error |
| Common Lincoln Penny | $0.01–$0.25 | $5+ | Circulation coin |
| High‑Grade MS‑67+ Example | $200+ | $2,000+ | Rare condition |
Collector Trends in 2026
The popularity of Lincoln pennies has created a vibrant collector market. Several trends stand out:
- Error coins remain the most sought‑after varieties
- Early mintages from 1909 and 1914 are highly prized for their rarity
- Online platforms have made rare coins more accessible to global buyers
- Collectors are increasingly focused on condition, with certified coins commanding higher prices
- Younger generations are rediscovering coin collecting, keeping the hobby alive
Collector Grading Guide
Grading plays a vital role in determining the value of Lincoln pennies. Coins are graded on a scale from Poor (P‑1) to Mint State (MS‑70). Key grading factors include:
- Strike quality, with sharp details increasing value
- Luster, with original mint shine highly desirable
- Surface preservation, with fewer scratches or marks resulting in higher grades
- Eye appeal, with overall attractiveness influencing collector demand
Professional grading services provide certification, which helps establish authenticity and market value.
Tips for Collectors
- Inspect coins carefully under good lighting and magnification
- Store coins in protective holders to preserve condition
- Consider professional grading for rare varieties
- Stay informed about auction results and collector trends
- Explore inherited collections, as rare Lincoln pennies are sometimes overlooked
The Joy of Collecting Lincoln Pennies
Beyond financial value, Lincoln pennies are admired for their artistry and symbolism. They represent a significant era in American coinage and remain a nostalgic reminder of the nation’s history. For many collectors, the thrill lies not only in profit but in the discovery of hidden treasures that others may overlook.
Key Highlights
- The Lincoln penny was introduced in 1909 to honor Abraham Lincoln
- Rare varieties include the 1909‑S VDB, 1914‑D, 1922 No D, 1931‑S, and 1955 doubled die
- Auction records show strong demand for high‑grade examples, with some coins worth thousands
- Professional grading is essential for establishing authenticity and value
- Collectors prize these coins for both their rarity and historical significance
Final Words
The Lincoln penny remains a fascinating coin for collectors in 2026. While most examples are worth only one cent, rare varieties and errors can command hundreds or even thousands of dollars. The updated price chart and collector trends highlight the incredible potential value hidden in these coins.
For collectors, the pursuit of Lincoln pennies is not just about wealth but about preserving history and enjoying the thrill of discovery. Whether found in circulation, inherited from family, or purchased at auction, these coins continue to inspire with their unique blend of artistry, rarity, and heritage.