What if a tiny detail on a common-looking penny could make you a millionaire? That’s exactly the case with the elusive 1998 Wide AM Lincoln Penny—a coin that was mistakenly minted with a reverse design not meant for circulation. Though millions of pennies were struck that year, only a handful carry this rare “Wide AM” error, and one pristine specimen has recently sold for an astounding $6.9 million, leaving collectors scrambling to check their change jars.
1998 Wide AM Lincoln Penny
The 1998 Wide AM Penny features a subtle but significant error on the reverse side of the coin. Normally, Lincoln Memorial cents minted for circulation in 1998 have the letters “A” and “M” in “AMERICA” nearly touching. However, a small number were mistakenly struck using a proof die intended for collector coins, which left a noticeable space between the “A” and the “M”—thus the name “Wide AM.” This error is extremely rare and easy to miss if you’re not looking for it. The $6.9 million specimen was not only a Wide AM, but also in mint state condition, with no signs of wear, making it one of the finest examples known.
The 1998 Wide AM Penny’s multi-million-dollar value proves that even modern pocket change can hold incredible surprises. Rare error coins like this are especially desirable because they combine modern relevance with historical minting mistakes. The fact that it went unnoticed for years and could still be sitting in someone’s change jar makes the hunt even more exciting. For collectors and everyday people alike, this is your reminder to inspect those pennies carefully—you never know which one might be worth a life-changing fortune.
FAQ’s:
1. What does “Wide AM” mean on a penny?
“Wide AM” refers to the spacing between the letters “A” and “M” in the word “AMERICA” on the reverse side of the Lincoln penny. In standard 1998 circulation coins, the letters are almost touching. In the error coins, there’s a noticeable gap, which indicates a proof reverse die was mistakenly used.
2. Why is the 1998 Wide AM Penny so valuable?
Its rarity, combined with the fact that it’s a modern mint error, makes it highly sought after. Very few were struck and released into circulation, and even fewer have been found in high-grade condition. The $6.9 million coin represents the best-known example.
3. How can I tell if I have a 1998 Wide AM Penny?
Look at the reverse of the coin under good lighting or a magnifying glass. If there is a clear space between the “A” and “M” in “AMERICA,” it might be a Wide AM. It’s best to compare with a normal 1998 penny or consult a coin expert.
4. Are there other years with the Wide AM error?
Yes, similar Wide AM errors have been found on some 1999 and 2000 Lincoln cents. However, the 1998 version remains one of the rarest and most valuable, especially in mint state.
5. What should I do if I think I’ve found one?
Handle the coin carefully—avoid touching the faces—and store it in a protective holder. Have it professionally graded by PCGS or NGC to confirm authenticity and determine value. If verified, you could be holding a true treasure.
