The Bicentennial Quarter Million Lincoln Wheat Penny is one of the most famous coins of the US, which was issued to commemorate the 200th anniversary of the country. It is not just a coin but also a historical and cultural heritage. The coin was minted in 1976 and was designed to cherish the memory of American independence. Due to its unique design, rarity, and value, it is quite popular among coin collectors. In this article, we will learn in detail about its history, features, price, and important tips to identify and collect it.
History of the Bicentennial Quarter
In 1973, the 200th anniversary (bicentennial) of America’s independence was approaching. To mark this historic occasion, the US Congress allowed the release of special commemorative coins. Under this initiative, the Bicentennial Quarter as well as half-dollar and dollar coins were also released.
The coin was minted at three major mints:
- Philadelphia – without a mark
- Denver – with a ‘D’ mark
- San Francisco – with an ‘S’ mark, used for special collectible editions
The coins struck in Philadelphia and Denver were for the general public, while the San Francisco Mint produced special collectible editions with high quality and unique finishes.
Design of the Bicentennial Quarter
Hours (obverse)
The obverse of the Bicentennial Quarter features the same image of George Washington as originally designed by John Flanagan in 1932. However, this version has one major change: The year is replaced with “1776-1976”, symbolizing America’s 200 years of independence.
Reverse
The reverse of the Bicentennial Quarter features a unique illustration designed by Jack L. Ahr: A colonial drummer boy – representing the role of ordinary citizens in the struggle for independence.
- 13 stars – symbolizing the initial 13 colonies (states) of America.
- The Liberty Bell – representing the spirit of freedom and democracy.
- This inspirational and historic design makes this coin even more special.
- Types of Bicentennial Quarters
- This coin was minted in two major versions:
1. Regular Circulation Coin
- Material: Copper-Nickel Clad
- Mint Marks: Philadelphia (no mark) and Denver (D)
- Purpose: Made for everyday use
2. Collectible Edition (40% Silver Coins)
- Content: 40% Silver
- Mint Mark: San Francisco (S)
- Purpose: Made exclusively for collectors only
3. Proof Coins (Coins with a special finish)
Content: 40% Silver
Mint Mark: San Francisco (S)
Feature: These coins have a mirror-like shiny surface, which increases their beauty.
Value of Bicentennial Quarters
Most Bicentennial quarters are still worth 25 cents today, but certain types and coins with rare errors can be worth much more.
How much can what type of coin be worth?
Minting errors – If a coin accidentally has a double die, off-center strike, or some other anomaly, it can be worth more than $10,000.
- Reserved and uncirculated coins – Coins that have been preserved and have not been used are worth more.
- San Francisco coins – Because they are made of 40% silver, they are worth more.
- Historical Importance – This coin is of America’s Bicentennial year, which increases its demand.
How to collect Bicentennial Quarters?
Essential Equipment
- Magnifying Glass – To check the details of the coin.
- Digital Scale – Correct weight of the coin tells whether it is real or fake.
- Protective Cases – To keep the coin safe.
- Where can one find Bicentennial Quarters?
- Coin Shows – Here rare coins can be seen and purchased.
- Online Auctions – Coins can be found on websites like eBay, Heritage Auctions.
- Certified Dealers – They can get you real and right priced coins.
Conclusion
Bicentennial Quarter is not just a coin, but an invaluable heritage of American history. It’s not only a prized item for collectors, but also an important symbol for history buffs and ordinary people alike.
If you have a Bicentennial quarter, take a close look at it—because this ordinary-looking coin could turn out to be very valuable!
FAQs
1. Why is the Lincoln Wheat Penny worth $85 million?
The value of rare Lincoln Wheat Pennies depends on factors such as mint errors, rarity, historical significance, and collector demand. Some specific variations have fetched high prices at auctions.
2. How can I identify a valuable Lincoln Wheat Penny?
Look for key date pennies (such as 1909-S VDB, 1914-D, or 1943 copper pennies), mint marks, errors like doubled dies, and coins in uncirculated condition.
3. Is the $85 million valuation real?
While certain rare pennies have been sold for millions, claims of an $85 million valuation may be speculative or based on estimated rarity rather than actual sale prices.
4. Where can I get my Lincoln Wheat Penny appraised?
You can visit a professional coin grading service such as PCGS or NGC, or consult a reputable coin dealer for an appraisal.
5. What are the most valuable Lincoln Wheat Pennies ever sold?
Some of the highest-selling Lincoln Wheat Pennies include the 1943 Copper Penny and the 1909-S VDB Penny, which have been auctioned for hundreds of thousands to millions of dollars.