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1943 Copper Penny Value: How To Tell If You Have The Rare 1943 Penny Richard. Hi Michael I have several the UNC. That initial year had two versions. My best guess is that the last two digits of the date have been worn away over time. Can you give me an advised or guide me in the right dirrection to find out more about my coin collection. The 1942 Wheat penny has high value as a numismatic coin and gem in pristine condition. President Theodore Roosevelt commissioned a revamp in the American coinage at the time. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. I definitely recommend getting it authenticated! The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. Image: USA CoinBook. In other words, this is actually an extremely rare error coin. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. Do you know where the penny is from? Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The United States Mint started its production in January of the following year. Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. Heres how to tell if your 1943 silver wheat penny is rare or not: Rare 1943 wheat pennies are made from bronze theylook similar to most other copper pennies from other years. While Copper Pennies, for instance, weigh 3,11 grams. Here's a rundown on 1945 penny values and mintage figures for the different 1945 pennies so you can see how many were made: 1945 penny (no mintmark, made in Philadelphia) 1,040,515,000 minted; worth 2 to 5+ cents; 1945-D penny (struck in Denver) 266,268,000 minted; worth 3 to 5+ cents; 1945-S penny (produced in San Francisco) 181,770,000 minted; worth 5 to 10+ cents 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. | Melt Value? For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. 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! A distinct merging of Lincoln's hair and forehead is visible. The Melt Value shown below is how . Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. Many were pulled from circulation. Preservation in a dry location has resulted in a collectible grade 1943 steel penny. Depending on how heavily circulated the coin is, you could get between 10 and $1. This year and mintage (Denver) is considered a key date and is the most valuable of the non-error Wheat pennies. One of the most valuable Lincoln cents ever produced. How Much is a 1942 Wheat Penny Worth? (Price Chart) - Something Borrowed These materials, including copper and nickel, were used for producing ammunition and artillery. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. But chances are any of the Lincoln Wheat cents you've found in pocket . It's because the Denver mint made them in lesser numbers. There are few vintage coins as widely collected as the 1943 steel Lincoln penny. Today, 1943 copper wheat pennies are among the most valuable Lincoln pennies. The 2 I have no mint brown in color and weighs 2.7 grams. There were problems with the coins rusting quickly. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. How can I find more info on this coin? Very interesting site and looking for the value of a 1943 penny unminted. It sounds like a misalignment error (a misaligned die strike). Absence of dark surfaces is a coin above average in preservation. 1944 Steel Penny Value Guides (Rare Errors, "D", "S" and No Mint Mark) 1943 Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper) 1943-D Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper) . Collector preference are coins without rust. Be on the lookout for the ultra-rare 1909-S VDB. The metal composition of a coin directly affects its weight. Collectible Grade: Qualities of these unique 1943 pennies involve special considerations in condition less than Extremely Fine grade. 1943 Steel Wheat penny DDR value chart. For example, one 1943-D copper penny commanded a whopping $1.7 million when it sold at an auction in 2010. i have 54 philly version cents. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved, https://nnp.wustl.edu/library/publisherdetail/51, https://www.consumer.ftc.gov/articles/0136-investing-collectible-coins. A natural blue-grey color is displayed by the fields of the coin, highlighting the legends and devices. As you have probably known, this metal oxidizes in contact with moisture, creating stains on the surface. Believe it or not, some are worth much more than that! (Price Chart). It is important to judge your coin against both the images and descriptions. This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. 1944 Lincoln Wheat cent. Takedown request | View. Theodore Roosevelt was on a mission to redesign our nation's coinage. Noticeability absent are small spots due to humidity. Is a 1943.s steel Penney that it looks normal but the 4 in 43 is almost un detectable. 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. It is the only use in US coinage of this alloy. Numismatists believe some bronze planchets were used by mistake. This penny is also worth much more than face value. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-leader-2','ezslot_11',111,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-2-0');A strange minting anomaly also occurred in 1943 which saw the production of a handful of copper/bronze wheat pennies across all three mints. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. Victor D. Brenner designed the coin under the direction of Pres. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For. It is known that only about 40 copper pennies were minted in 1943, so they are considered exceptionally rare on the current coin market. Here are five that are valuable due to these kinds of errors in the manufacturing process. Buypriceis what you can expect to pay to a dealer when you purchase the coin, andsellvalueis what you can presume a coin dealer to pay you when you sell the coin. 1943 Penny Value | Discover its Worth - CoinStudy a UNC. In 1943, the US Mint switched from copper to steel to make pennies. A lighter shade of silver-grey highlights the design. As you can expect, they are precious and expensive. 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. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. Printable sheet to list and inventory your coins. Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. Searching for error coins continues to be a growing hobby. Identify your coins using the image links. Abundant on a rarity scale. It is the 5th highest number of all the pennies made in this mint. ), Top 21 Most Valuable 2000 P Sacagawea Dollar Coin Worth Money, Top 19 Most Valuable Mexican Coins Worth Money, The Philadelphia mint produced the 1943 penny that typically has no mint mark, The San Francisco mint produced the 1943 penny with an S mint mark, The Denver mint produced the 1943 penny with a D mint mark. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. This example was well preserved over time. I have a 1943 S mint mark copper penny. Advanced collections choose from the many available in "like new" condition. Where can I get this misprint evaluated? 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. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. The 1943 Lincoln penny has the same look as other pennies in the series. Josh. I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? It was said to me it isnt worth a grunion in market value. 1943 Steel (Silver) Penny: Background and Value - The Spruce Crafts Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. Typical examples in uncirculated condition usually realize $1 to $5. I have recently discovered a 1943 wheat penny that im courious about does look like the real thing not sure any suggestions. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! In their fine class, it will earn you 0.50 USD; in their excellent state, the coin sells for 0.68 USD. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. There are a number of varieties of the 1982 penny because the mint was transitioning from a bronze composition to a zinc composition for the coin. The penny is more valuable than the one made in Philadelphia without a mint mark. 1943 Copper Penny - Spotting a Fake - The Spruce Crafts Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. How much would you be willing to sell one for? 1943 Silver Wheat Penny Value - U.S. Coins Guide So, their absence proves that the coin is intact. Originally, Brenner's signature appeared on the obverse of the coin. The incorrect use of brushes or cloth can cause unwanted scratches or tears. Extremely Fine Grade: A light amount of wear visible to high areas places this coin in the Extremely Fine grade. It is worth significantly more than its face value in any condition. Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! Manage Settings How Much is a 1943 Dime Worth? Michael is passionate about personal finance, side hustles, and all things geeky. If anyone out there may be interested I somthing like that your best bet would Def not try an get ahold of me through email. 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? Matching your coin to grading images gives a good indication of its condition. It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. Real People. and non V.D.B. "S" Mintmark Under Date: San Francisco Mint Struck the Coin. If your coin looks similar to the one illustrated in the link below and has no evidence of wear due to being in circulation, it is considered anuncirculatedcoin. No Mintmark Under Date: Philadelphia Mint Struck the Coin. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. How Much is a 1961 Franklin Half Dollar Value Worth? Although market prices have eased over the last few years, this renewed interest has kept values and prices pretty stable over time. As always, there are also two inscriptions, the UNITED STATES OF AMERICA and E PLURIBUS UNUM. If it does, your penny is worth about 15 cents as a novelty item. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. Pricing the 1943 Lincoln Penny. * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins. There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. This minor release of coins resulted in the exceedingly scarce 1909-S VDB Lincoln's penny. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. Also, click here to Learn About Grading Coins. Value: The value ranges from $500 to around $1,900. Values of these steel pennies is greatly reduced by the problems rust creates. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. With the four different reverses on theLincoln cent in 2009, and the new Shield reverse starting in 2010, interest in Lincoln cents peaked for a few years. Any suggestions where I can sell them, I am interested in them 1922 Silver Dollar Value: How Much Is It Worth Today? Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core. Lincoln Wheat Penny (1909-1958): Values & Key Dates - Gainesville Coins WHAT IS A 1943 STEEL PENNY WORTH - YouTube Reply. And, sure, that makes sense. Therefore, it replaced copper in pennies with zinc-coated steel. Grading condition is guided by standards. 1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here Grade 2020 Value; MS67: $1,586: MS65: $600: MS65: $528 #2 - 1943 Steel Penny D - $6,000. Today, however, many coin collectors and non-collectors alike regard 1943 Pennies as something of a novelty. There are only around 30 samples known. Darker tones of grey within the fields highlight lighter tones of the devices. Eye appeal is an important consideration by collectors when choosing a coin to add to their collection. The wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service. One of the finest examples of this coin sold at Heritage Auctions on June 18th, 2021 for $6000. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. Some 1940 Lincoln proof pennies go for $25 or more. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. Jump to: What is a Wheat Penny? Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. Maybe youll find one in your pocket change if you look hard enough and youre lucky. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. So the 1943-D Wheat Penny that was accidentally struck in copper ended up being quite . What are they worth? In a minute, Ill talk more about the 1943 copper penny and why its so rare. Brenner's initials would be brought back in 1918, but they were much smaller and were placed on the front of the coin near Lincoln's shoulder. As a result, the 1943 penny is very low on the rare coin scale. The magnet test verifies rather or not a 1943 cent is made from steel or copper, not rather or not it is authentic. Nevertheless, checking the 1943 Penny value is advisable, particularly if you have a bronze piece or one with an error. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. all circulated and in good plus condition. I was wondering is my US cent from 1943 and 1944s are worth any money. Lincoln Wheat Cents are legal tender. I have a 1946 wheat penny with no mint mark in good condition what is it worth. Then they are sold via general-readership newspaper and magazine advertisements. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). You can recognize only Lincolns profile, while almost all the details have merged. Are you concerned the precious metals train has left the station without you. 1943 D Penny Value In 1943, 217,660,000 pennies came out from the Denver mint. How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor Handling and circulating through commerce easily start the process of metal removal. 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. Lincoln Wheat Penny Values and Prices - The Spruce Crafts One of the most unusual American pennies was the silver-colored coin minted in 1943. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. Josh @ CoinValues. - Another California Bank Fails Over The Weekend. https://nnp.wustl.edu/library/publisherdetail/51 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." James Bucki is a nationally-recognized coin collector and numismatic expert and author, sharing his knowledge and specialized training in coin grading, minting errors, and collection techniques. He officially announced the change in design that same year. 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. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). How Rare Is a 1943 Lincoln Steel Penny? - The Spruce Crafts - How much is a Silver Quarter worth? Identity of Date and Mint Mark begins the process. The Philadelphia mint produced 684,628,670 pennies in 1943. 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. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. Value:In average condition, this coin is worth about $77,000 and as much as $110,000 if in certified mint state condition by a coin grading service. There are only 7 known 1944-D steel pennies in existence. This global conflict saw the United States military's involvement from 1941 through 1945. Another scam involves the 1948 penny. So it's possible that your coin is a mint error. . 1943 "D" steel penny sells for around 2.68 in their best class. These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. Most 1943 steel pennies that youll find in circulation are pretty well worn (and many that are worn exhibit rust). 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 obverse featured the Lincoln head design, still present in the one-cent coins minted today, but the reverse portrayed wheat stalks, hence the moniker. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. *by CoinStudy Specific 1943 Penny 1943 Copper Lincoln penny Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. for a Philly. Nowadays, most of them are worth only a bit more than their face value. Thank you! You're right, the grading fees will likely cost more than the coins are worth. A light sliver grey is their normal appearance when worn, standing out and easily spotted. 1944 Wheat Penny Value: How Much is it Worth Today? For the best experience on our site, be sure to turn on Javascript in your browser. First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. How Much is a Silver Dollar Worth? The first thing to address is that 1943 steel cents are not at all rare. Valuable Lincoln Wheat Pennies List (1909-1958) - SD Bullion In 1943, 217,660,000 pennies came out from the Denver mint. I kept it and put it in the fold and staple. The value of a coin varies according to many factors: metal content, purity, rarity, etc. As a result, the reverse dies were remade, and all the initials were removed but not before some coins were minted and released to the public. I also have a very beautiful 1943 wheat penny without the mint mark. 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. If the coins show any signs of wear, they are probably worth around $1. Another example of a re-punched coin, an S was originally punched and then covered up with a D. Value: The value of this coin ranges from $40 to about $260. You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray it may even appear rusty. Above Lincolns shoulder is the word LIBERTY, while in front of the profile are the year of minting and the mint mark. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. It will also be impossible to distinguish the tiny details on the reverse, particularly the wheat grains that are almost unrecognizable. I have 8 rolls of steel pennies But even in poor condition, they may be worth at least 3 or 4 cents, and some may be worth a lot more to coin collectors. The United States Mint eventually acquiesced to the concerns of the public. Some vending machines rejected the steel wheat cents. 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. Each combination is valued and listed on the chart. 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. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. 1943 Steel Penny: Value and History Explained - SD Bullion Freeing up tons of copper for the war effort, the now famous steel coated zinc combination was developed. When it comes to determining the value of a coin like the 1943 Lincoln, this is something that will depend on a few different factors. As an Amazon Associate I earn from qualifying purchases.Privacy Policy | ContactCopyright document.write("2018 - "+new Date().getFullYear());LostTreasureHQ.com. Very few of these pennies were minted and released into circulation. A step by step method combined with the coin value online guide identifies how to value a coin collection. how do you tell if it is the right 1943 penny stated in one article if the penny sticks to the magnetic it is fake and another place states that if it does not stick it is a fake which of these statements are actually the right one. Continue with Recommended Cookies. Click here to Learn How to use Coin Price Charts. US Mint. The error can be seen in the word Trust and on the date. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? These are numismatically worthless since they are altered coins. Click here to Learn How to use Coin Price Charts. 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 43 s copper looking penny on one side, steel on the other. Yes, a copper 1943 penny really is worth an average of $85,000. This post may contain affiliate links. 1943 D Lincoln Wheat Cent Small Cents Bronze/Copper Steel Composite The second penny is worn to the point design elements are beginning to connect. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. Even though this penny is different, it is not particularly rare. High areas to check are Lincoln's beard and hair. Understanding this, the value of a 1943 Lincoln will vary based on its type. I would bet 1,000 each time it would be an 8 or higher. The 1986-D quarter was struck to the tune of 504,298,660 pieces at the Denver Mint. Often they are reprocessed (stripped and recoated) pieces assembled in plastic display cases.