Value: The value ranges from $500 to around $1,900. US coin value charts covering cents to gold. These are numismatically worthless since they are altered coins. 1943 Penny Value | Discover its Worth - CoinStudy Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. Click here to Learn How to use Coin Price Charts. How much would you be willing to sell one for? It's because the Denver mint made them in lesser numbers. Freeing up tons of copper for the war effort, the now famous steel coated zinc combination was developed. For the best experience on our site, be sure to turn on Javascript in your browser. How Much Is A 1943 Copper Cent Worth? A 1943 penny is unique in the numismatic collectible group of wheat cents. US Mint. I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? They have a better value than the 1943 steel pennies without mint marks. The 1943 steel penny with no mintmark is usually worth between $3 and $10. one in real good condition might be worth $1-$7 This article will answer the two key questions about the Lincoln wheat pennies: What are the most valuable wheat pennies tocoin collectors(i.e. In this instance, the United States Congress passed a law that specified pennies produced in 1943 will be made out of steel instead of bronze. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Numismatists believe some bronze planchets were used by mistake. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. Pricing the 1943 Lincoln Penny. 1943 Copper Penny Value: How To Tell If You Have The Rare 1943 Penny Saving at the time contributes to the supply today. 1943 Steel Penny Value Guides (Rare Error, "D", "S" and No Mint Mark) Fine This penny was in circulation for a while but without much damage. A very common fraud involving the copper 1943 cent is to grind away part of the 8 in the date of a 1948 penny. For one, there were up to 3 different types of coins produced each year. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. Litvak-American sculptor Victor David Brenner inherited the task. Harrison, The officialU.S. Mintname for the coin is the cent, and the official U.S. Treasury name for it is one-cent piece.. JavaScript seems to be disabled in your browser. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! One version had the engraver's initials, Victor David Brenners (V.D.B. We and our partners use cookies to Store and/or access information on a device. ROGER, DID YOU EVER GET AN ANSWER? He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). Also, click here to Learn About Grading Coins. Images used to locate mint marks finds its exact place on the chart. Over 684 million of these zinc coated steel coins were produced. Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. Otherwise, non-error steel cents are not in themselves rare. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. Indeed, whether collected as part of a short set or incorporated into a larger run of Lincoln cents, the 1943 steel pennies are favorites among non-numismatists and veteran coin collectors alike. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Abundant on a rarity scale. The Wheat Penny debuted in 1909 and production ceased in 1958, during President Eisenhowers term in office. 1943 S Lincoln Wheat Cent : Steel Cent - USA Coin Book Some vending machines rejected the steel wheat cents. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'losttreasurehq_com-leader-3','ezslot_13',110,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-3-0');The zinc alloy gives the coin a silver appearance and they are commonly referred to as 'Steel Cents', although they have been mistaken for aluminum and lead. Zinc, the protective coating, when worn, exposed underlying steel. Josh @ CoinValues. Absent is any rust. Their value lies in their novelty. In fact, with the exceptions of major errors and varieties, no Lincoln wheat penny struck after 1933 is worth more than 10 cents in worn condition. So, what are 1943 silver pennies made from? Hi Jules. Above Lincolns shoulder is the word LIBERTY, while in front of the profile are the year of minting and the mint mark. The most cost-effective replacement metal for the Lincoln penny was determined to be a 99% steel planchet with a thin layer of zinc plating. I have a 1946 wheat penny with no mint in good condition However, it could also be the result of excessive wear to the reverse of the coin. But if I an 10 others were to put a grade on it from 1-10. These pennies are now worth a lot of money because they are rare. But in high grades, a 1944 S Steel Penny once sold for $1,110,923, so your coin could be worth a million dollars! Therefore, it replaced copper in pennies with zinc-coated steel. Placing an accurate value on your 1943 penny follows a step by step process. It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. Another disadvantage was the similarity with Dimes. A better than average 1943 cent stands out over lesser condition coins. As a result, the first produced coins contained both metals and got reddish-yellow color. Precautions help preserve the future condition of the coin. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets. If they are in truly pristine condition, however, they could be worth up to $10 for the D mintmarks and up to $25 for the S mintmarks. These are rare pennies to look for in . What makes a 1943 steel Wheat penny valuable? - KnowledgeBurrow Even though they are pretty common these days, most collectors want to include them in their collections. The magnet test verifies rather or not a 1943 cent is made from steel or copper, not rather or not it is authentic. While 1943 copper cents weigh about 3.11 grams and dont stick to a magnet, the more common steel cents (which weigh 2.7 grams) adhere to a magnet. Join us today for FREE! Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. Value: The value of this penny ranges from $35 to $1,200. Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. note: This article is periodically updated to reflect the current value of 1943 steel cents. How can I find more info on this coin? 1943-S Lincoln Cent Sells for $1 Million - The Spruce Crafts Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. Handling and circulating through commerce easily start the process of metal removal. Hi Michael I have several the UNC. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. Nevertheless, checking the 1943 Penny value is advisable, particularly if you have a bronze piece or one with an error. 1943 penny value reflects its unique status within the Wheat cent series. How Much Is My Modern Jefferson Nickel Worth? The penny on the left is worn throughout the hair, face, and coat of Lincoln. Take a close look at their condition. PS: never send in your coins by mail or leave them there to be looked at. A standard method is used to located how much its worth on the chart. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. I have a collection of coins. And in very good condition. A shortage of copper combined with a need to provide coinage to commerce forced the mint to use an alternative alloy. Additionally, the high copper content gives the coin a higher value than its face value. It will also be impossible to distinguish the tiny details on the reverse, particularly the wheat grains that are almost unrecognizable. Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. This produced a MS62 coin that sold for $38,187.50. The 2 I have no mint brown in color and weighs 2.7 grams. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. Yet the coin has a vital connection to an international historical event. If youve gotten to this point in the article, youre probably still curious what a 1943 steel wheat penny is worth. Metal alloy of 1943 cents has a few considerations effecting its market acceptance. You can quickly notice the double-printed mintmark on the coin surface. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. Takedown request | View. This post may contain affiliate links. No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. One of the finest examples of this coin sold at Heritage Auctions on June 18th, 2021 for $6000. In fact, the very valuable "twin" to the rare 1943 copper cent was born in 1944. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. Washington Quarter Values and Prices (1932-1964), Lincoln Wheat penny key dates, rarities,andvarieties, 1909-S VDB (small "S" below the date and "V.D.B." the postal carrier says they put them in my box, but I still am looking for them. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. I would like to sell would anyone be interested?? Other 1943 copper pennies routinely sell for $100,000 to $200,000. This minting error has resulted in a coin that is worth around $100,000 and is currently the most expensive Penny in the realm of coin collecting. - How much is a Silver Quarter worth? There are few vintage coins as widely collected as the 1943 steel Lincoln penny. However, copper and nickel were also integral in making coins. Until recently, mint marks were punched by hand, and thus the position tended to vary slightly. People often mistakenly replaced these two coins for similarity and lost nine cents per piece when paying something. You can quickly distinguish them by the marks on the coin reverse. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. The military industry was run out of copper necessary for making castings. Are you concerned the precious metals train has left the station without you. It is now part of The Dazzling Red Collection of Lincoln Wheat Cents owned by this unnamed collector. As you can guess, this mistake increases the coin value. Rare 1943 Penny Sells for Six Figures: How To Tell If You Have One Too USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $451,026 in Average Condition and can be Worth $907,557 to $2,305,706 or more in Uncirculated (MS+) Mint Condition. Unfortunately, this change in the material wasnt an excellent idea. What does this mean. So, their absence proves that the coin is intact. When I first got into coin collecting back in the early 1990s, I thought like so many people who ask me about their coins here at The Fun Times Guide that my silvery 1943 pennies were actually made from silver. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: [email protected]. It is the 5th highest number of all the pennies made in this mint. WHAT IS A 1943 STEEL PENNY WORTH - YouTube The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. One without a mintmark is worth between $0.15 and $1. How Much is a 1961 Franklin Half Dollar Value Worth? The 1909-S VDB. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . In addition to the pennies mentioned above, keep an eye out for wheat pennies with double dies and other errors they'rerare coins worth a considerable sumin the coin collecting business. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. 1943 D Lincoln Wheat Cent Small Cents Bronze/Copper Steel Composite While not all wheat pennies will fetch a high price tag, all wheat pennies are worth more than their face value and are thus a sought-after coin for collectors. Teletrade Coin Auctions, www.teletrade.com. - Another California Bank Fails Over The Weekend. A bold D is embossed on the reverse, and the other D is less visible and positioned closer to the coins left edge. 1945 Penny Value: See What 1945 Wheat Pennies Are Worth & What Makes The uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5. These copper 1943 American pennies were struck and sent out with the initial batches of zinc coins. To the untrained eye, you could be tricked into thinking you have a rare 1943 copper wheat penny. Good afternoon! Also, click here to Learn About Grading Coins. - How Much is a Silver Dollar Worth? Best wishes, Preservation in a dry location has resulted in a collectible grade 1943 steel penny. As always, there are also two inscriptions, the UNITED STATES OF AMERICA and E PLURIBUS UNUM. There are only 7 known 1944-D steel pennies in existence. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. who wants them? These are worth, A lightly circulated 1943 steel penny is generally worth, The uncirculated 1943 steel penny value usually ranges from about, Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. Small details necessary to accurately value are described. I would suggest submitting it for grading at NGC or PCGS to find out if it's a valuable error. Below is how much the coin is at various numismatic levels: However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. These coins are frequently counterfeit or altered from common wheat pennies. Handle the coin gently, hold the edges only avoiding touching the surface. However, many in the public were less than thrilled with the alternative composition. Join us today for FREE! In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. You can tell its made that way. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. 1943 pennies are indeed steel. Reply. I have a 1943 steel wheat penny that is in beautiful condition very shiny looks like a new dime no marks perfectly ledgable!! San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. Regular 1943 steel cents, on the other hand, can be had for between 10 cents and $1 each in circulated grades, and for about $3 to $5 in uncirculated grades. The 1943 Lincoln penny has the same look as other pennies in the series. Just wondering if u have any info about it. This applies within and even beyond the numismatic realm. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition Date and mint mark collecting are a main focus to collections. Where can I get this misprint evaluated? The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. No Mintmark Under Date: Philadelphia Mint Struck the Coin. https://www.consumer.ftc.gov/articles/0136-investing-collectible-coins, Date by DateIn Depth Lincoln Penny ValueEarly Era 1909 to 1933, Date by DateIn Depth Lincoln Penny ValueSecond Era 1934 to 1958, Coin Value Guide | How to Value a Coin Collection. But very, very few of these left the U.S. Mint facilities. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 1944 US Mint Annual Report The first thing is not to wipe the coin. Coin Values Moving with Precious Metals: Up-Dated 5/1/2023: Gold $1986 | Silver $25.13, 1943 penny value reflects its unique status within the Wheat cent series. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. With this coin, the S was originally punched horizontally and was re-punched vertically. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. Today, however, many coin collectors and non-collectors alike regard 1943 Pennies as something of a novelty. Luster and its texture remain intact to reach the uncirculated grade. Lincoln Wheat Penny Key Dates, Rarities and Varieties, Kennedy Half Dollar Values and Prices (1964-2015), Buffalo (Indian Head) Nickel Values and Prices, How to Value and Price a Roosevelt Clad Dime, 50 State Quarters, D.C., and U.S. Hi Jackie. Central Banks Lead the Way In Massive Gold Bullion Buying, Another Major Bank Teeters - Deutsche Bank. But first, lets discuss what those silver 1943 wheat pennies are made from. "S" Mintmark Under Date: San Francisco Mint Struck the Coin. i have 54 philly version cents. There are also reprocessed steel Pennies, which are essentially 1943 steel Pennies that had become corroded (due to the rust-prone nature of their steel core) and later stripped of their original zinc coating, and recoated with a fresh layer of zinc. One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. Lincoln's portrait shows evidence of wear confined to just high points. ), 1943 copper penny is extremely rare and valuable. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! Now, while this may sound like a big number and it is the 1986-D quarters can command a small premium in lightly worn condition. While 1943 steel Pennies are about as common as any other 1940s Lincoln cent, there is one variety from 1943 that stands out for its rarity: the 1943 bronze Lincoln Wheat Penny. Since the US Mint was making pennies of this metal, it decided to contribute. This was accomplished by using copper shell casings gathered from military training facilities. Save my name, email, and website in this browser for the next time I comment. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For. Ed. 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek also a 1943 dime sized one cent wheat penny lining for estimated values. Lincoln Wheat Penny Values and Prices - The Spruce Crafts Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. This may come as something of a surprise to the many who believe these coins are quite valuable. The error can be seen in the word Trust and on the date. Confusing which is which between the two years could cost you dearly in your coin collection. Thank youy76hghy Date and mint mark collecting are a main focus to collections. (Right now, the government loses money on every penny it issues. (Price Chart), How Much is a 1930 Wheat Penny Worth? Second step, is an appraisal of condition. I have a 1943 wheat penny, with a number three on the back side between the wheat? The store will not work correctly in the case when cookies are disabled. I kept it and put it in the fold and staple. Some leftover copper planchets (sometimes mistaken for brass) were still in the presses from the previous year (1942) as the zinc planchets were loaded up. Tod Lock says. a #8 might get you #1 maybe ? If it does, your penny is worth about 15 cents as a novelty item. Answer: Zinc-plated steel! It depends on their condition, but if they are in good condition even if circulated you can probably get a few dollars for each one. Other examples of valuable wheat pennies include the 1909-S VDB Lincoln Wheat Penny, the 1944 Steel Penny, and other variations of the 1943 Bronze Penny. In 1943, the US Mint switched from copper to steel to make pennies. Hey Daniel. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. Another California Bank Fails Over The Weekend. How Much is a Silver Dollar Worth? The wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. A step by step method combined with the coin value online guide identifies how to value a coin collection. Originality is the key to value. and new product arrivals. Thus, 1944 steel cents are exceptionally scarce and command very high values. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. If the coins show any signs of wear, they are probably worth around $1. go on line and type in 1943 or 44 penny Value Regular 1943 steel cents, on the other hand, can be had for between 10 cents and $1 each in circulated grades, and for about $3 to $5 in uncirculated grades. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. So it's possible that your coin is a mint error. Both are in the collectible grading range. "D" Mintmark Under Date: Denver Mint Struck the Coin. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. 1943 steel wheat pennies were not a hit for these reasons: The U.S. government found the solution to the above problem by making the1944 wheat penny from spent copper shell casings that were recovered from battlefields after use. You can see them on Lincolns portrait relief, particularly on high spots like hair curls. As a result, the 1943 penny is very low on the rare coin scale. It has lost initial shine, and nearly all relief has become flat. Unique in US mint history, three varieties of these 1943 cents were struck. The reason for the change from Bronze to Zinc was to do with the US war effort that year. Upper surfaces are clearly flattened and smoothed. The second penny is worn to the point design elements are beginning to connect. 1943 D Lincoln Wheat Cent : Bronze/Copper - USA Coin Book 1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here Understanding this, the value of a 1943 Lincoln will vary based on its type. Heres the current 1943 steel wheat penny value: So now that you know all about the 1943 penny value, did you strike it rich with your 1943 wheat pennies? Stainless Steel vs. Sterling Silver: Whats the Difference? Here are some of the most valuable wheat pennies updated as of July 2022. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. Additionally, zinc develops an oxide forming a white powder coating to the metal. These are considered novelty items and have no collector value. During World War II, the war effort required a lot of copper to make shell casings and munitions. There are only around 30 samples known. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. One of the most valuable Lincoln cents ever produced. Very popular with collectors. 1943 steel cents capture interest of collectors. Matching your coin to grading images gives a good indication of its condition. If you do have one, it would be worth tens of thousands of dollars. Im the Coin Editor here at TheFunTimesGuide. Read on Ill also tell you what 1943 silver pennies are actually made from and well discuss the rare, valuable 1943 copper penny below as well. 1943 Lincoln Wheat Pennies Values and Prices - CoinValues.com Hi Mr: Joshua McMorrow Herdandez Although a wheat penny's face value is one cent, as a good rule of thumb, all wheat pennies, including common dates, are worth more than their face value. There were problems with the coins rusting quickly. Originally, Brenner's signature appeared on the obverse of the coin. Many people even confused the steel pennies with silver dimes! Value: The value of this penny ranges from $1.95 to around $850. Hi Kelli. Depending on how heavily circulated the coin is, you could get between 10 and $1. Since your wheat penny has a silver color, it's almost certainly a 1943 steel cent. For example, one 1943-D copper penny commanded a whopping $1.7 million when it sold at an auction in 2010. Normal humidity in the air presented a challenge to preserve a 1943 cent. 1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. FAQs About the 1944 Steel Penny How Much is a 1943 or 1944 Penny Worth? 1943 S Lincoln Wheat Cent : Bronze/Copper - USA Coin Book Orlando, if you have attachments it's better to post in our forum: https://coinvalues.com/forum. Silver Price $331 Outside COMEX Trading Hours? From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. Although it is not particularly rare, the 1943 steel penny is fascinating. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. Don't be the last to know about the latest deals It is worth significantly more than its face value in any condition. 1944 Steel Penny Value Guides (Rare Errors, "D", "S" and No Mint Mark) But it turned out a few 1943 wheat pennies had accidentally been made with leftover copper planchets (prepared coin blanks) from 1942 and they escaped from the United States Mint! This global conflict saw the United States military's involvement from 1941 through 1945. Value: Values range from $350 to about $12,000 for this coin. Hey Glenn. When a new law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! | Melt Value? The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Darker tones of grey within the fields highlight lighter tones of the devices. Deep grey blue fields are smooth and not pitted. You can use the upload file icon below the text entry box, or post in our forum. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars.
Jugement D'adjudication Et Purge Des Inscriptions, The Swiss Lottery Tropico 5 Numbers, Dog Friendly Places In Panama City Beach, Thomas Kurian House, Articles H