1909-S V.D.B. Lincoln Wheat Cent: The 1909-S V.D.B. Lincoln Wheat Cent holds a legendary place in the world of coin collecting. It’s one of the most famous and desirable U.S. pennies ever made. But what makes this small copper coin so valuable — and why are collectors willing to pay as much as $72,000 for one in top condition?
This guide will walk you through the history, rarity, and value of the 1909-S V.D.B. penny.
A Historic Beginning: Lincoln Replaces Liberty
In 1909, the U.S. Mint made a major change to the design of the penny. For the first time, a U.S. president would appear on a circulating coin. Abraham Lincoln, one of the most respected American leaders, replaced the long-standing Liberty design.
This new coin, the Lincoln Wheat Cent, was designed by Victor David Brenner, a talented sculptor. To honor his contribution, his initials “V.D.B.” were placed at the bottom of the reverse (tail) side of the coin.
Why the Coin Was Controversial
Shortly after the coin was released, critics complained that Brenner’s initials were too prominent. Some even said it looked like self-promotion. As a result, the U.S. Mint quickly removed the initials from the design.
But by that time, a small number of coins had already been minted in San Francisco — with both the “S” mint mark and the “V.D.B.” initials. The total number? Only 484,000.
That’s a very low mintage for a coin meant for circulation. And it’s why this version — the 1909-S V.D.B. — became a treasure among collectors.
Why It’s So Rare and Valuable
The 1909-S V.D.B. penny is highly sought after for several reasons:
- Low mintage: Just 484,000 were made.
- First year of the Lincoln cent: That makes it historically important.
- Designer’s initials removed soon after: Adding to the uniqueness.
- San Francisco mint: Fewer coins were minted there compared to Philadelphia.
Today, depending on the condition, the value of this penny ranges widely. A heavily circulated example might sell for $700 to $1,500. However, if you’re lucky enough to find one in mint-state condition, especially one graded MS66 or better, its value could reach up to $72,000 at auction.
How to Tell If You Have a Real One
Due to its popularity, the 1909-S V.D.B. penny has been widely counterfeited. So, it’s important to know what to look for:
- Check the reverse: The initials “V.D.B.” appear clearly at the bottom between the wheat stalks.
- Look for the mint mark: The small “S” below the date indicates it was minted in San Francisco.
- Inspect the font: Fakes often have irregular lettering or spacing.
- Get it graded: The best way to confirm authenticity is to send it to a professional coin grading service such as PCGS or NGC.
Collector’s Tip: Be Wary of Altered Coins
Some counterfeiters take regular 1909-V.D.B. cents from Philadelphia (no “S” mint mark) and add a fake “S” to trick buyers. Others create entirely fake coins using molds.
If you’re buying one online or at a show, insist on a certificate of authenticity or a professionally graded example.