VDB stands for Victor David Brenner. He designed the wheat penny and placed his initials on the bottom of the back. This was unpopular with the public so the initials were removed the same year of the first wheat penny, 1909.

1909 VDB Wheat Penny

1909 VDB Wheat Penny Back (initials on bottom)
28 million 1909 VDB pennies were minted in Philadelphia while only about a half-million were minted in San Francisco.
1909 VDB pennies can be had for around $10, while 1909-S VDB's are upwards of a $1,000+
The VDB initials were reunited with the wheat penny beginning in 1918. Now they are at the bottom of Lincoln's bust.
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