How Rare Is a 1943 Lincoln Steel Penny? - The Spruce Crafts Also, click here to Learn About Grading Coins. 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. Be less concerned with completing your collection and pay more attention to acquiring high-grade quality coins. Takedown request | View. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. The 1940 Wheat penny is made from 95% copper and 5% zinc & tin. 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. Fine This penny was in circulation for a while but without much damage. That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. We and our partners use cookies to Store and/or access information on a device. Where can I get this misprint evaluated? What makes a 1943 steel Wheat penny valuable? - KnowledgeBurrow Each combination is valued and listed on the chart. 1943 Steel Penny: Value and History Explained - SD Bullion The following list contains the most valuable wheat pennies that were issued into circulation. Take a close look at their condition. 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. Just wondering if u have any info about it. As you have probably known, this metal oxidizes in contact with moisture, creating stains on the surface. As illustrated in the photo in the link below, themint markis located on theobverseof the coin,just below the date. Due to their high value for coin collectors, there are lots of fakes around. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. 1943 Lincoln Cents: The Value Of Steel Vs. Copper, 1992 Penny Value Guide: See What Your 1992 Pennies Are Worth (Including The Rare 1992 Close AM Penny Worth $25,000! The best way to determine its value would be to submit it to a third-party grading service such as NGC or PCGS. go on line and type in 1943 or 44 penny Value Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. By Steven Cochran. There are only around 30 samples known. Saving at the time contributes to the supply today. Image: USA CoinBook. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. No areas of wear form connections to each other. NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. Of course, the offer you receive from a particular coin dealer will vary depending on the actual grade of the coin and several otherfactors that determine its worth. It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. Some vending machines rejected the steel wheat cents. 1943 "D" steel penny sells for around 2.68 in their best class. on the back at the bottom between the stems of the wheat ears), 1909-S Over Horizontal S (re-punched mintmark or RPM), 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). Value: This coin ranges in value from about 35 cents to $3,000 if in mint condition. Noticeability absent are small spots due to humidity. Thus, 1944 steel cents are exceptionally scarce and command very high values. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. These coins are struck from a zinc coated steel alloy. As you can guess, this mistake increases the coin value. 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. The magnet test verifies rather or not a 1943 cent is made from steel or copper, not rather or not it is authentic. Extremely Fine Grade: A light amount of wear visible to high areas places this coin in the Extremely Fine grade. Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. 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. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. For higher value coins, Grading Lincoln Wheat Pennies expands on the grading process with video, descriptions, and images. Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray it may even appear rusty. So the 1943-D Wheat Penny that was accidentally struck in copper ended up being quite . Latest Offers, Straight To Your Inbox. A light sliver grey is their normal appearance when worn, standing out and easily spotted. No mintmark means the coin was minted in Philadelphia. ), 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. and new product arrivals. This set is commonly sold in mass-market offerings. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. But first, lets discuss what those silver 1943 wheat pennies are made from. Circulated coins usually range between 1 and 59 on the Sheldon scale, whereas uncirculated coins range from 60 to 70 and are often preceded by MS or Mint State. Theodore Roosevelt was on a mission to redesign our nation's coinage. Ed. Date and mint mark collecting are a main focus to collections. Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. In 1943, the US Mint switched from copper to steel to make pennies. 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. All rights reserved. I have a 1943 S mint mark copper penny. Altered 1948 Lincoln Cent If your 1943 copper colored penny doesn't stick to a magnet, then use a magnifying glass to look at the date. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? A better than average 1943 cent stands out over lesser condition coins. Value:The value of a coin with this error can make for quite a few dollars, ranging from $80 to as much as $3,000 if uncirculated. Thus, it is safe to say that the coin is pretty common in numismatic terms. Im not an expert anbit is not graded professionally. They have a better value than the 1943 steel pennies without mint marks. Most steel pennies are worth between 20 cents and 20 dollars. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. Another California Bank Fails Over The Weekend. As a result, the 1943 penny is very low on the rare coin scale. Join us today for FREE! 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. How Much is a 1961 Franklin Half Dollar Value Worth? 1909, 1910, 1911, 1912,1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924, 1925, 1926, 1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958. The 2 I have no mint brown in color and weighs 2.7 grams. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. Good afternoon! The 1943 copper penny was an accidental manufacturing error. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. Hi Kelli. 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). This coin's exact value is determined by its current condition and rarity. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. WHAT IS A 1943 STEEL PENNY WORTH - YouTube Is a 1943.s steel Penney that it looks normal but the 4 in 43 is almost un detectable. Although it is not particularly rare, the 1943 steel penny is fascinating. Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. If the coins show any signs of wear, they are probably worth around $1. 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. Discover how much your box of old coins is worth. 1943 Silver Wheat Penny Value - U.S. Coins Guide High areas to check are Lincoln's beard and hair. Save my name, email, and website in this browser for the next time I comment. US coin value charts covering cents to gold. The Truth About 1943 Steel and Bronze Copper Wheat Penny Values With this list of Lincoln wheat penny values in mind, you can now be on the lookout for wheat pennies to add to your collection or earn a few extra dollars in case you spotted one of these in your spare change. Collector preference are coins without rust. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. In 1943, due to the United States' involvement in World War II, the United States Mint had to replace the use of copper for steel for the wheat cents. Small details necessary to accurately value are described. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. Central Banks Lead the Way In Massive Gold Bullion Buying, Another Major Bank Teeters - Deutsche Bank. The 1986-D quarter was struck to the tune of 504,298,660 pieces at the Denver Mint. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! The military industry was run out of copper necessary for making castings. Value: The value of this coin ranges from 95 cents to as much as $700. Hello, I am trying to figure out where do I share the photo, of my 1944 Penny minted in Philly andif it has any value? Since only about 40 exist on the market, they are tremendously valuable. In fact, the very valuable "twin" to the rare 1943 copper cent was born in 1944. Value: The value of this penny ranges from $1.95 to around $850. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. His temple, cheek, and jaw are smooth and flat on the highest ridges. It would be txt. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. Value: This Lincoln penny value varies from 75 cents up to $1,000. Well, lots of 1943 steel wheat pennies still survive and that means there are plenty to go around to satisfy the needs of coin collectors. Typical examples in uncirculated condition usually realize $1 to $5. A quick glance at eBay shows where uncirculated BU rolls of 50 1943 steel pennies are only selling for $50 to $100 per roll. Lincoln's portrait shows evidence of wear confined to just high points. It sounds like a misalignment error (a misaligned die strike). And this is a good thing I love telling people the story behind 1943 pennies and what theyre worth! Here are five that are valuable due to these kinds of errors in the manufacturing process. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . Thus, alternative metals were considered for minting coins. The uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5. An higher quality MS62BN sold in 2021 for $372,000, while the finest known MS63RD was sold privately for over one million dollars to an anonymous collector in 2018. Above Lincolns shoulder is the word LIBERTY, while in front of the profile are the year of minting and the mint mark. If your coin is worn and looks similar to the one illustrated in the link below, it is considered acirculatedcoin. 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. Their values are based on the latest deals and market updates. How Much is a 1942 Wheat Penny Worth? (Price Chart) - Something Borrowed Territories Coin Values. Highest areas to judge for complete luster are Lincoln's temple, cheek, and jaw. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Thomas G. Flammio: This paved the way for an emergency composition for the one-cent coin as well. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? I also have a very beautiful 1943 wheat penny without the mint mark. Upper surfaces are clearly flattened and smoothed. People often mistakenly replaced these two coins for similarity and lost nine cents per piece when paying something. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. Since the US Mint was making pennies of this metal, it decided to contribute. Identity of Date and Mint Mark begins the process. Any value? 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? These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. - How Much is a Silver Dollar Worth? The new penny would have the Lincoln Memorial as a motif, substituting the popular wheat stalks. The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. Be on the lookout for the ultra-rare 1909-S VDB. Thank youy76hghy The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! 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. More than 1 billion 1943 steel wheat pennies were made: However, by the end of 1943, much of the public complained about the new steel pennies. These are considered novelty items and have no collector value. Take care Richard S.A. Texas, I have five very fine uncirculated 1943 Philadelphia mint pennies never been circulated the brand new in a plastic case sealed I would like to sell one is anyone interested in buying them. 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! Only a couple dozen pieces were made and exist today, and each is worth about $100,000. 1944 Steel Penny Value Guides (Rare Errors, "D", "S" and No Mint Mark) Many people even confused the steel pennies with silver dimes! But it is advisable to use proper coin cleaners. 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. Given their novelty, they also make great gifts. The Rare 1943 Penny If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Interest remains high along with demand. Value: The value ranges from $500 to around $1,900. | Melt Value? Value: The value of this penny ranges from $35 to $1,200. 1943 S Lincoln Wheat Cent : Bronze/Copper - USA Coin Book 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. This applies within and even beyond the numismatic realm. 1943-D steel penny - 217,660,000 minted; 10 cents to 50 cents 1943-S steel penny - 191,550,000 minted; 15 cents to 60 cents 1943-D boldly doubled mintmark - mintage unknown; $35 to $60 1943 copper pennies (any mintmark) - Perhaps 25 to 40 known; $125,000 to $1 million+ Reply. Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. However, copper and nickel were also integral in making coins. JavaScript seems to be disabled in your browser. Lincoln Wheat Penny (1909-1958): Values & Key Dates - Gainesville Coins