$37 Million Penny? The Step-by-
Can a Penny Really Be Worth $37 Million?
It sounds unbelievable, but it is not a myth. While most Lincoln pennies are worth only one cent, a handful of ultra-rare error coins have sold for millions of dollars. One legendary example is even rumored to approach $37 million, making it one of the most valuable pennies ever discussed in numismatic history
If you know exactly what to look for, that ordinary penny sitting in your drawer could change your life. Let’s break it down step by step, in plain English, so anyone can understand. 
Step 1: Check for These Ultra-Valuable Pennies
1943 Copper Penny — 
Worth $1.7 Million+
Why it’s rare:
During World War II, the U.S. Mint switched penny production from copper to zinc-coated steel to conserve copper for the war effort. However, a few 1943 pennies were accidentally struck on leftover copper blanks.
How to identify it:
Color: Brown or reddish copper (not silver)
Magnet test: Does NOT stick to a magnet
Weight: About 3.11 grams (steel pennies weigh ~2.7g)
One confirmed example sold for approximately $1.75 million at auction.
1944 Steel Penny — Worth Up to $408,000+
Why it’s rare:
After 1943, the Mint returned to copper pennies. Still, a few steel planchets accidentally carried over into 1944, creating another legendary error.
How to identify it:
Color: Steel gray or silver- Magnet test: Sticks to a magnet
- Weight: Roughly 2.7 grams
Only a small number exist — one sold for over $408,000.
1969-S Doubled Die Penny — Worth $126,000+
Why it’s rare:
This penny displays dramatic doubling on the date and inscriptions. It is one of the strongest doubled-die errors ever produced.
How to identify it:
- Use a 10× magnifying glass
Look for doubling on LIBERTY and the date
Must have an “S” mintmark below the date
High-grade examples regularly sell for six figures.
1955 Doubled Die Penny — Worth $55,000+
Why it’s rare:
The 1955 doubled die penny is one of the most famous U.S. mint errors ever created.
How to identify it:
Doubling is visible without magnification
No mintmark (Philadelphia issue)
Uncirculated examples command premium prices.
Step 2: Where to Look for Rare Pennies
You do not need expensive equipment to start searching. Begin here:
Old coin jars or inherited collections
Bank-wrapped penny rolls
Estate sales, flea markets, and garage sales
CoinStar reject trays (a hidden goldmine)
Step 3: How to Sell a Rare Penny for Maximum Value
Best Selling Options
eBay: Ideal for coins under $10,000- Heritage Auctions: Best for six-figure coins
Private collectors: May pay 10–20% more for top specimens
Pro Selling Tips
Get certified by PCGS or NGC- Take clear, high-resolution photos
- Sell during peak coin-show season
BONUS: Other U.S. Coins Worth Millions
| Coin | Why It’s Valuable | Estimated Value |
|---|---|---|
| 1913 Liberty Nickel | Only 5 known examples | $4.5M+ |
| 1804 Silver Dollar | “King of American Coins” | $4M+ |
| 2000-P Cheerios Dollar | Rare reverse design | $10K+ |
Step 4: Avoid Counterfeits & Costly Scams
Rare coins attract scammers. Protect yourself:
- Avoid deals that seem too good to be true
- Watch for altered dates and fake doubling
- Always weigh and test suspicious coins
- Use trusted grading services only
Final Thoughts
A penny worth $1 million — or even $37 million — is extremely rare, but these coins do exist. Knowledge is your most valuable tool. Check carefully, verify professionally, and you might be holding history in your hands.
Tip: Always double-check before spending old pennies. One decision could cost you a fortune.
