Pennies may be the lowest denomination of US coinage currently in circulation, but they are also some of the most sought after coins for collectors. While the modern penny may not be worth much at all, older versions of the coin are quite valuable. The 1946 Lincoln penny is an example of a coin that is highly sought after by collectors.

On the coin’s obverse, the central aspect is dominated by the profile of former President Abraham Lincoln. Immediately to the left of Lincoln’s image is a raised inscription of the word “Liberty.” To the right of the central image will be an inscription marking the 1946 year of minting. Finally, the phrase “In God We Trust” arches overtop of the obverse.

On the coin’s reverse, there are two inscriptions taking up a majority of the center aspect. One of those raised inscriptions will read “United States of America” while the other will read “One Cent.” Along the left and right outer edges there are featured two stalks of white. The existence of these wheat stalks is why the coin is sometimes referred to as the “Wheat Penny.” Arching overtop of the reverse is an inscription which reads “E Pluribus Unum.”