Note: Whenever I say "dual space" in this question, I mean the algebraic dual space.
Consider an infinite-dimensional vector space $V$. Since it is infinite-dimensional, its double-dual $V^{**}$ is strictly larger than $V$. On the other hand, there's a natural injection $\iota:V\to V^{**}$, so by identifying $v$ with $\iota(v)$, we get $V\subsetneq V^{**}$.
Of course $V^{**}$ again is an infinite dimensional vector space, so taking its double-dual gives again a larger vector space. So if we define $$V_0=V, V_{n+1}=V_n^{**}$$ and do the identification as above, we get an infinite sequence of vector spaces $$V_0\subsetneq V_1\subsetneq V_2\subsetneq\dots$$ We can now define the limit space as $$V_\infty = \bigcup_{n=0}^\infty V_n$$ It is not hard to verify that this is also a vector space: For every finite set of vectors in $V_\infty$ you find a $V_n$ which contains all of them, and thus also their linear combination, which therefore also is in $V_\infty$.
Now obviously also for the dual spaces we have that $V_{n+1}^*$ is the double dual of $V_n^*$, therefore we can also define the limit space of the duals: $$W_\infty = \bigcup_{n=0}^\infty V_n^*$$
Now my question is: Is $W_\infty=V_\infty^*$?
It seems intuitive that it should be, but on the other hand, each $V_n$ (except for $V_0$) is also the dual of $V_{n-1}^*$, and thus the same intuition gives that $V_\infty=W_\infty^*$. But both together cannot hold, since otherwise the double-dual of $V_\infty$ would be again $V_\infty$, which cannot be since $V_\infty$ is infinite-dimensional. So clearly the intuition doesn't help here. Indeed, that argument seems to indicate that both are not the same; however I can't see how to make that rigorous.
Now clearly $W_\infty\subseteq V_\infty^*$, so assuming they are not equal, is it possible to explicitly construct an element of $V_\infty^*\setminus W_\infty$?