Wheat pennies can be worth a fortune or just a few cents. But with value comes risk: are there counterfeit wheat pennies? Should you really worry about getting scammed? In this article, I’ll walk you through real-life checks, expert advice, and a few stories from the trenches—so you can spot a fake before it burns a hole in your wallet.
Yes, there are fake wheat pennies out there, especially for rare dates (like the 1909-S VDB or 1914-D). You absolutely should care if you collect, buy, or sell wheat pennies. I'll show you practical steps to spot counterfeits, what mistakes I've seen (and even made), and how experts and laws view the problem. There's even a comparison of how different countries define and enforce "verified" coin trade.
If you’re new to coin collecting, “wheat penny” refers to US one-cent pieces minted between 1909 and 1958, with two stalks of wheat on the reverse. Most of these are worth pocket change—but a handful (like the 1909-S VDB) can fetch thousands of dollars.
And where there’s money, there are fakes. According to US Secret Service reports, counterfeiting rare coins is a real and growing issue. Some fakes are so good that even seasoned dealers get fooled. But for common wheat pennies? Not worth the counterfeiter’s time.
Let’s get into the weeds (pun intended): here’s my actual process, including a couple of blunders and a few screenshots from forums where people have posted their own horror stories.
If you see a 1909-S VDB, 1914-D, or 1922 plain (no mint mark), raise your eyebrows. According to PCGS (one of the top coin grading services), these are the most counterfeited wheat pennies. The same goes for any penny supposedly worth more than $100.
Real wheat pennies (1909–1942) should weigh about 3.11 grams, and later ones (1943 steel) about 2.7 grams. I grabbed my own cheap kitchen scale—highly scientific, I know—and checked a supposed 1914-D I bought at a flea market. It weighed 2.9 grams. That’s a red flag: it’s either worn down (plausible), or it’s a fake.
Screenshot from my kitchen scale test—notice the digital readout. If your penny is way off, something’s up.
Counterfeiters will often alter common-date pennies to add a rare mintmark. Under 10x magnification, you can sometimes see tool marks or evidence that the “S” or “D” was glued or punched on. I learned the hard way: I bought a 1914-D from an online seller, and under my $8 Amazon loupe, you could see a faint outline where the “D” was added. Rookie mistake, but at least it didn’t cost me much.
A collector’s forum user posted this: under magnification, the “S” looks suspiciously added. Source: Coin Community Forum.
Sites like PCGS CoinFacts and NGC Coin Explorer have huge databases of genuine coin images. When I was stumped by a 1922 penny, I lined it up next to high-res images from PCGS. The lettering and spacing were off—another giveaway.
If you suspect a fake, ask a reputable coin dealer—ideally one who’s a member of the American Numismatic Association (ANA). I once brought a suspicious penny to three different shops. The first two shrugged, but the third pulled out a microscope and confirmed it was a clever fake. Lesson: not all “experts” are equal.
Counterfeiting US coins is a federal crime. According to 18 U.S. Code § 485, producing or passing fake coinage is punishable by up to 15 years in prison. The US Secret Service investigates, and major grading companies cooperate on detection. Internationally, the World Customs Organization also tracks and intercepts counterfeit coin shipments.
Now, here’s where it gets weird. Not every country treats “verified trade” the same way. I put together a quick table, based on data from the OECD Handbook on the Detection of Fake Goods and WTO documents.
Country | Verification Standard | Legal Basis | Enforcing Body |
---|---|---|---|
USA | Third-party grading required for high-value coin trade | 18 U.S. Code § 485 | US Secret Service, Customs, Grading Companies |
EU | CE marking and import/export lab testing | Regulation (EU) 608/2013 | Customs, Police, National Mints |
China | State-run authentication for export and auction | Anti-Unfair Competition Law | China Customs, Ministry of Public Security |
UK | Royal Mint authentication, import controls | Forgery and Counterfeiting Act 1981 | Royal Mint, Border Force |
Let me share a real forum story. In 2021, a collector named “Ken” posted on Coin Community about a 1909-S VDB penny he bought on eBay for $1,200. It looked perfect, but when he sent it for grading at PCGS, they flagged it as “altered.” Turns out, the “S” had been carefully added to a regular 1909 VDB penny—a classic fake. Ken was lucky: eBay’s buyer protection policy saved him, but not everyone is so fortunate.
On the flip side, I once bought a 1922 penny that looked off. The color was weird, and the details felt “soft.” After checking with a dealer, turns out it was a real 1922 “No D”—just heavily worn. So, sometimes a “fake” is just a coin with a tough life.
I chatted (virtually) with Michael Fahey, a senior grader at ANACS (America’s oldest coin grading service). Here’s a paraphrase:
“We see new counterfeiting methods every year—laser engraving, high-res 3D printing, you name it. Even experienced collectors get fooled. The best defense is third-party certification, or at least comparing your coin against high-quality reference images.”
He also pointed out that FBI reports estimate the global market in fraudulent collectibles exceeds $6 billion annually. Coins are a small slice, but for rare wheat pennies, the risk is real.
Yes, fake wheat pennies exist. If you’re hunting for rare dates, be cautious—especially on online marketplaces and at flea markets. Use a scale, a magnifier, and reference photos. Don’t hesitate to get a second (or third) opinion. If you’re buying anything worth over $100, insist on third-party certification from PCGS, NGC, or ANACS.
If you’re just collecting for fun, and not spending big, relax. Most fakes target high-value coins. But it’s still worth learning the basics—nothing stings like realizing you paid too much for a clever fake.
My final tip: join a collector’s forum, or visit a local coin club. You’ll learn from others’ mistakes (and trust me, there are plenty). If you want to dig deeper, check out the ANA’s guide to counterfeit coins and the PCGS warning list.
Author bio: I’ve been collecting US coins since 2004, with a focus on Lincoln cents. I’ve made my share of mistakes (ask me about the time I bought a “rare” penny at a gas station). My advice comes from personal experience and a lot of time spent on collector forums, plus interviews with grading experts. For more, check my references or reach out on Coin Community Forum.
References: PCGS: Fake Wheat Cents, ANA: Counterfeit Coins, 18 U.S. Code § 485, WCO