Rare and valuable Lincoln penny coins explained

Lincoln pennies are well-liked by coin collectors, and the most valuable examples can be found online for thousands of dollars.

All of them, from the wheat and memorial cents to the VDB coin, have Abraham Lincoln's likeness on one side.

What you need to know about them and their value are explained below. Typically, coins with a low mintage or an error are the most valuable.

The inscriptions "In God We Trust" and "Liberty" are on the top of the coin, which was struck in 1909.

Lincoln wheat penny

The image of President Lincoln is in the center, and the year it was struck is in the bottom right corner.

A wheat penny with a double die sold for $1,801 on eBay earlier this summer after receiving 40 bids.

According to Professional Coin Grading Service, of all the Lincoln cents, the 1909-S VDB coin is one of the most well-liked and well-known.

Lincoln VDB penny

Because the coin's creator, Victor David Brenner, added his initials when he made the new version, it is particularly well-known and rare.

At the end of September, one version of the coin sold for $1,500, and in August, another was valued at $1,153.

In 1959, the Lincoln Memorial Cent took the place of the Lincoln Wheat Cent. On eBay, a 1972 double die version of the coin fetched $352.

Lincoln memorial penny

A coin with a doubled die is one that wasn't made correctly because it appears to have two images on one coin die.

Last but not least, a Lincoln D penny is the Lincoln coin that is currently fetching the fourth-highest price on eBay.

Lincoln D penny

Earlier this month, a 1969 Denver-minted coin went for $2,010 on eBay. The letter "D" is depicted on the coin.

This distinguishes the coin from the Lincoln Memorial and wheat coins mentioned above, both of which were produced in Philadelphia.