BREAKING: A genuine 1959-D Wheat Penny could sell for $100,000+—but only if it passes these critical verification steps. This forbidden coin was officially denied by the U.S. Mint for decades. Here’s your complete guide to identifying, authenticating, and selling this numismatic outlaw.
Part 1: How to Spot This Mythical Error

The $100K Identification Checklist
1. Date Verification (Most Critical Step)
- Must clearly show “1959” – not altered from a 1958 coin
- Under 10x magnification:
No tool marks around numbers (common in altered coins)
No uneven surfaces where an “8” might have been changed to a “9”
Numbers should have crisp, original mint luster
2. Reverse Design Analysis
- Authentic 1958 Wheat Reverse Features:
Two full, well-defined wheat stalks with clear separation
“ONE CENT” in the exact 1958 font style (compare to known real examples)
No signs of re-engraving or added details
3. Mint Mark Inspection (If Present)
- For Denver coins (“D” mint mark):
“D” should match 1959 style and positioning
No evidence of being added or altered
“S” mint marks are automatic fakes (San Francisco didn’t make 1959 Wheat cents)
4. Weight & Composition Test
- Must weigh exactly 3.11 grams (copper composition)
- Zinc pennies (2.5g) are automatically fake
- Magnet test: A real copper coin won’t stick
5. Edge Examination
- Run fingernail along edge:
Should be completely smooth (no casting seams)
No abrupt changes in thickness
Any roughness indicates potential alteration
Red Flags of Fakes:
Mismatched patina between obverse/reverse
Soft details or “mushy” lettering
Visible glue or solder marks
Part 2: How to Verify It’s Real
Professional Authentication Process
1. Document Everything First
- Take high-resolution photos of both sides under natural light
- Shoot a video showing the coin under magnification
- Record the exact weight on a precision scale
2. Submit to Top Grading Services
PCGS (Most Recommended)
- Submit under “Errors & Varieties” service
- Cost: $150+ (expedited service required)
NGC (Alternative Option)
- Use “VarietyPlus” attribution service
- Cost: $100+
ANACS (For Legal Documentation)
- Provides forensic-level analysis
- Useful if facing potential confiscation issues
3. Get a Second Opinion
- Consult error coin specialists like Fred Weinberg or Mike Byers
- Post in PCGS Collectors Forum (with photos only – never reveal location)
Part 3: Where & How to Sell for Maximum Profit
Option 1: Auction Houses (Best for Premium Prices)
Heritage Auctions
- Record sales for controversial coins
- Handles legal/ownership disputes
- Fees: 10-20%
Stack’s Bowers Galleries
- Specializes in mint errors
- Strong Asian collector market
- Fees: 15%
Option 2: Private Sale (Faster, More Discreet)
Top dealers: David Lawrence RC, Legend Numismatics
Elite collector networks: PCGS Collectors Universe
Secure Facebook groups: Rare Coin Trading Network
Option 3: Direct to Museum (For Legacy & Tax Benefits)
- Smithsonian Institution
- ANA Money Museum
Part 4: Legal & Financial Protection
Before Selling:
Create a provenance letter (notarized if possible)
Insure shipping via Brinks or armored courier
Consult a numismatic attorney if Mint challenges ownership
Tax Considerations:
Capital gains tax (20%+ if held >1 year)
IRS Form 1099-B required for sales >$20,000
Why This Coin Is Unlike Any Other
The only U.S. coin banned by the government
If real, rewrites numismatic history
Potential $100,000+ payday for verified examples
Warning: Less than 1% of claimed finds are authentic. Most are:
Altered 1958-D pennies
Cast counterfeits
Misidentified coins
P.S. Handle with extreme caution—this coin’s legend outweighs its confirmed existence.
For confidential consultation: Text “WHEATCOIN” to 555-1959