A claim has emerged that a rare “Lincoln Penny” is among the one-cent coins whose production was halted by former U.S. President Donald Trump.
Trump’s directive to stop penny production has reignited interest in rare coins, particularly the Lincoln penny, which some claim could be worth as much as $121 billion.
On Sunday, The Mirror reported that this historically significant coin could fetch $121 million, underscoring its immense numismatic value.
The Lincoln penny, first minted in 1909 to commemorate President Abraham Lincoln’s centennial birthday, features his profile on one side and wheat ears on the reverse. This design remained in circulation until 1958, when the Lincoln Memorial penny replaced it.
Coin collectors particularly prize Lincoln pennies from 1909, 1914, 1943, and 1955, especially those with small lettering beneath the year or printing errors.
“The penny remains in circulation for now, meaning anyone could have it,” The Mirror noted.
The U.S. Mint produced 3.2 billion pennies last year, accounting for over half of all newly minted coins.
However, Trump’s decision to end penny production could relegate this iconic coin to history.
Numismatists predict that the value of rare specimens like the Lincoln penny could rise even further if production ceases.
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