While a handful of the coins exist today, only one is known to be legally and privately owned. 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. 3 bids. What KInd Of Credit Do You Need For An Auto Loan? In extremely fine condition the value is around $0.50. Get the best deals on 1943 Wartime Steel Cents when you shop the largest online selection at eBay.com. The 1943 S steel penny is worth around $0.40 in fine condition. Thus, alternative metals were considered for minting coins. However, there are still millions of collectible 1943 pennies out there. While other collectible coins will be worth a lot at a lower Mint State, the fact that the 1943 steel penny is so common really works against treasure hunters trying to get a higher price. Steel also tends to oxidize and rust quickly, so the coins were designed with a thin layer of zinc on the top and the bottom of the coin. $0.57 shipping. Because of how valuable they are, fake 1943 copper coins exist. Uncirculated coins with a grade of MS 65 can sell for around $1,000. If you find a 1943 steel penny with a 'P' mint mark, look more closely. This off-metal transitional error was accidentally struck when a few leftover 1942 copper planchets were fed through the presses at the Philadelphia, Denver, and San Francisco Mints. This time it was steel hiding among the copper. In 1943, a few bronze pennies were also minted. Target make it super easy to use your SNAP food stamp benefits in store - heres how, I earned $100,000 in five months with an easy side hustle after one bad experience inspired me, Surprise $1,500 paychecks to be issued to some workers within WEEKS see if you're eligible for TWO payments, Parents with children between six and 17 could receive $250 payment per month - the one requirement to meet revealed, Americans with children under five could get $350 monthly payment if they meet eligibility criteria, Nearly 100,000 Americans to have student loans worth $6billion forgiven - find out if you are eligible, More kids without parents to get Social Security benefits in policy change - see who will benefit. In 2010 one sold for $1.7 Million Dollars. Some vending machines were designed using magnets, which counted on coins made of copper or nickel, that were not attracted to the magnets. The magnet test can be used to easily tell a fake from an original. Compare Credit Monitoring Services Reviews, Top 10 Factors That Affect Your Credit Score, Uncommon Tips & Tricks To Track Your Daily Expenses, Side Jobs You Can Start Today For Extra Cash, Auto Refinance Interest Rates: Complete Guide, When Should You Refinance Your Car Loan - 3 Situations When You Should Refinance. Actually being made from a copper-alloy and not pure copper planchets, the 1943 copper penny is one of the most sought-after coins in American numismatics. The U.S. penny has a long history. 1902 Indian Head Penny. The mint mark, when present, can be found on the obverse side of the coin below the date. A genuine 1943 penny has a 3 with the bottom stylized, sloping down the tail. Mint workers first rolled a sheet of steel to the proper thickness. Metal was not the only commodity that was critical to the war effort. The following two columns list the buy price and the sell value for an averageuncirculated. We explain the penny below and what its worth. 1965 Washington Quarters. Although you will see them offered at much higher prices at online auction sites, they simply arent worth it. Which Account Fits You Best? First, the silver-looking pennies were often mistaken for dimes. The face of the penny originally depicted a woman who symbolized liberty but was changed in 1909 on the 100th anniversary of President Lincolns birth. 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. The wheat heads are not worn. or the Bronze version worth $504,000! As mentioned above, 1943 copper pennies are rare and valuable. Coleccionistasdemonedas.com Estimated Value of 1943 Steel Penny is: In average grades can be found between $0.09 and $0.14. Pennies Show sub menu. *SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. In 2021 this coin was auctioned for over $9.3 million dollars. According to PCGS, one of those pennies graded in "MS68+" sold for a whopping $19,200 in a March 2021 auction. In 1943 the US was fighting in WWII and a copper shortage led them to issue steel pennies. But, although they are uncommon, they are hardly rare. The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. Image: USA CoinBook. Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. Extremely fine- There is only slight wear on the coin. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. Bronze wheat penny: 1943: $1,750,000 #2: Steel wheat penny: 1944: $200,000 #3: 1909-S VDB Wheat Penny: 1909: Quarters Show sub menu. While there is no known mintage figure for the 1943-D/D Lincoln cent, its estimated that perhaps 3,000 to 5,000 examples may exist across all grades. Most other 1943 copper pennies will fall between the $100,000 and $250,000 price range. Get a free consultation from a leading tax expert, Compare Business Checking Accounts Reviews. How To Get a Personal Loan With Fair Credit, How to Use a Personal Loan to Build Credit. There is a notable error variety for the 1943 D steel penny series. 1943 steel cents are U.S. one-cent coins that were struck in steel . In April 2021 a 1943 Bronze Penny MS62 Brown PCGS CAC achieved $348,000!. Today we are going to be learning the ins and outs of this coin, in. 1943-D Steel Penny WWII Wartime Steel Cent BU with "BREATHTAKING" Blue Luster. When it comes to evaluating 1943 Lincoln cents, the duo of a magnet and gram scale has broken many hearts and burst many bubbles over the years. Don't be the last to know about the latest deals and new product arrivals. The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. Most people believe that all pennies produced by the United States Mint are made of copper. The United States Mint eventually acquiesced to the concerns of the public. 1943-D boldly doubled mintmark - mintage unknown; $35 to $60. This was accomplished by using copper shell casings gathered from military training facilities. Total Weight: 2.70 grams. In high grades (MS67, MS68), Proofs, Uncirculated (MS+) or Mint Condition can be Worth until $1,700,000 (see below). $0.23. It may be one of the most valuable pennies ever! Uncirculated coins with a grade of MS 65 can sell for around $10. And also - make sure you're aware of potential fakes online. Yet the coin has a vital connection to an international historical event. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.33 in Average Condition and can be Worth $6.65 to $23 or more in Uncirculated (MS+) Mint Condition. Of average condition, the 1943 steel wheat penny will only get you between $0.06 and $0.13 if circulated, uncirculated coins will fetch up to $5.00. They have the same design as the other wheat pennies. Decorated with a side profile of Lincoln, it was the first U.S. coin to feature a historical person and is often referred to as a Lincoln cent. The below steel pennies were minted in 1943: The letter marks stand for their respective mint locations, Denver and San Francisco. Total Weight: 2.70 grams. Type: Wheat Penny More recently, in 2019 one of these copper wheat pennies was sold at Heritage Auctions for $204,000, and there are reports that in 2010 a 1943 copper penny was sold for $1.7 million. Meanwhile, the 1943 S penny, in particular, could get quite scarce in high grades. Not only did this make the coins look ugly, but the rust also stained and ruined the clothing that held them for pocket change. Unfortunately, a regular 1943 steel penny is worth only a few cents. Coins Show sub menu. Otherwise, non-error steel cents are not in themselves rare. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Source: Heritage Auctions. Susan Headley is a well-respected coin collecting expert and writer with over 30 years of hands-on numismatic experience. This meant the edges of the coins were not protected, and quickly began to tarnish, flake and rust. How much a steel penny is worth is very dependent on the condition of the coin. . Discover your lowest eligible rate. In this article, well discuss the history of the 1943 steel penny, what makes them so valuable, and how can you tell if you have one. 1967 Quarter Value. Just as the Jefferson Nickel five-cent coin saw the removal of nickel from its composition in 1942 to preserve the metal for artillery production, so, too, did Lincoln Wheat Penny coins in 1943.Copper was completely eliminated from the denomination's composition, in favor of a one-year-only type featuring a zinc-plated steel composition. Images used to locate mint marks finds its exact place on the chart. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. These errors are extremely rare, but if you think you might have a 1943 copper penny or a 1944 steel penny, here's how tofind out if your 1943 copper penny is genuine. The coining press struck the copper planchets with the 1943 date. MS 65 gem uncirculated- There is strong luster and eye appeal. In 1958 one of these coins was sold for more than $40,000. Depending on how the coin was made, some collectors feel theyre even buying a piece of history. The 1943 steel cent was produced during the height of World War II. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. The first column lists the date andmint markfollowed by the buy price and the sell value for an averagecirculatedLincoln Wheat penny. There is no right or wrong way to collect 1943 Lincoln cents. Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness. Most numismatists believe that a few copper planchets from 1942 got caught in a gap in the tote. On June 8, 2021, it was sold for almost $18.9 million setting a record price for any coin auctioned. Does Refinancing Your Car Loan Hurt Your Credit Score? In extremely fine condition the value is around $0.40. Though the value of a 1943 penny can be quite high, even the most valuable one is worth only a fraction of the most valuable coins that exist today. The 1943 Steel Penny has had a marked upward rally over the past 2 years, especially in higher grades and in its variants and errors. Unfortunately, zinc oxidizes over time and turns into a dull and dark gray color. IRS Tax Debt Relief Program: What Is It and Do You Qualify? If you scrutinize the 3 and it looks like it could be half of an 8, it is most likely a fake. Confusing which is which between the two years could cost you dearly in your coin collection. As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. Below are the three most valuable coins in the world. Don't be the last to know about the latest deals There are a few very valuable error coins produced in 1943. Essential goods were rationed to American citizens using coupon books issued by the government. A 1943 steel cent isnt usually worth much, but a mistakenly made 1943 copper penny could be worth thousands. The 1943 steel cent was produced during the height of World War II. The highest value achieved by a 1944 Philadelphia Steel Penny was for a copy belonging to the Simpson collection in MS64 grade, which in 2013 was auctioned for $158,625. Steel Wheat. Business Loans for New Businesses: What You Need To Know ? 1944 Wheat Penny At auction, the most ever paid for a 1943 penny was $840,000 for the same coin, the 1943-D Bronze Cent, MS64 Brown, in 2021. Wheat Pennies. Many of the steel cents produced from these mints are still in circulation and thus are not rare. Click here to Learn How to use Coin Price Charts. The following table lists thebuy price(what you can expect to pay to a dealer to purchase the coin) andsell value(what you can expect a dealer to pay you if you sell the coin). Coleccionistasdemonedas.com Estimated Value of 1943 Copper Penny (aka Bronze Lincoln Penny) is: In average grades can be found between $0.09 and $0.20. You can also try to get a good deal on one online through USA Coin Book or eBay. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! Earlier this year 2022 we have seen a 1943-S Steel penny MS68 PCGS top out at $3,720 ( see reference below ). As for the 1943-S, the record is $282,000 . Lincoln Wheat and Indian Penny values chart 2022. The steel coins would gum up these machines, making them malfunction. How Prepaid Debit Cards Can Help You Budget, Compare Credit Counseling Services Reviews, Expert Tips On Repairing Your Credit Score, Re-Establishing and Restoring Your Credit, Compare Debt Settlement Companies Reviews. However, many in the public were less than thrilled with the alternative composition. MS 60 uncirculated- There are no signs of wear. Auction Record Value. This applies within and even beyond the numismatic realm. Based on the Spanish doubloon, this was made after the designer was denied permission to mint coins for New York State. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5 . 1942 Wheat Penny Pros and Cons of Refinancing Your Mortgage, Questions to Ask Before Refinancing Your Mortgage, SuperMoney's Student Loan Refinance Marketplace, How To Get The Best Student Loan Refinance Rates. If you believe you have a 1943 steel penny, ensure your coin is authentic using the below steps. And while the grades were not clear, a set of 1,380 steel cents minted in 1943 soldfor a total of $280.50 after 60 bids on eBay recently. The steel penny may seem like a random anomaly to some. If there is no letter, then the coin was minted in Philadelphia. Compare real offers from multiple lenders. A few pennies minted on copper or silver planchets are known to exist. Although United States penny is widely known to hold a higher mintage cost than its face value, the United States actually made a large profit on minting steel coins. Copper pennies from other years can be altered to look like a 1943 penny. The copper alloy has been adjusted through the years, but steel has never been used for U.S. one-cent coins again. All rights reserved. Also, click here to Learn About Grading Coins. I have a steel 1943 penny with no mint mark on it too! Reverse Mortgages: When Do They Make Sense? In 1943 the United States Mint switched from 95% copper and 5% Zinc to 99% steel planchets in an effort to preserve copper . SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products. It was graded MS68 by PCGS. During World War II, the war effort required a lot of copper to make shell casings and munitions. Year. Some notable valuablecoinsin the Lincoln series include VDB, 1992, and 1914 pennies. As with any collectible coin, the value is set by whoever wants it. 1943 'P' Steel Penny Value. The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. These are approximateretail pricesand wholesale values. Of the materials proposed, zinc-coated steel was chosen to be used for pennies, and the steel core cent was manufactured in 1943 at the peak of World War II. The 1944 no mintmark steel cent only has a reported mintage of 30, in comparison to more than one million minted in 1943. In 1944 the mint switched back to using copper to produce the pennies. Between 1909 and 1958 the penny reverse featured a sheave of wheat on each side, which is why it was briefly known as the wheat penny or a Lincoln wheat. Getting a Business Loan When You Have Bad Credit. MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. What is the 1943 steel penny and what makes it worth up to $19,200? This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. How Much is a 1943 Steel Penny Worth? 1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. The first silver dollar the U.S. Mint produced was in 1794. Since the mint makes billions of coins annually, they use enormous totes to move them around the mint facility. They were released into the press by accident during the start of production of the 1943 steel penny. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. And another one graded in MS 68soldfor more than $3,700 in an auction last month. Second step, is an appraisal of condition. Condition and rarity are key in determining a coin's value. $1.25. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. According toUSA Coin Book,the Lincoln pennies are worth 33 cents or less in average condition. Professional Coin Grading Service (PCGS) - www.pcgs.com. There is another wheat penny that was minted in 1943 and made of copper instead of steel. SilverRecyclers.com is not a dealer or refiner. The use of steel with a zinc coating led to issues that made these coins a nuisance to the public. $0.75. If a 1943 copper penny sticks to a magnet then it's not an authentic error coin. Silverrecyclers.com is a participant in various affiliate programs, including the Amazon Services LLC Associates Program.This is an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. The letter D indicates it was minted in the Denver mint, and S indicates the San Francisco mint. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. Minted before the United States Mint was created, this rare coin was minted privately in 1787. Although the United States penny has a higher mintage cost than its face value, the 1943 steel penny only cost about one-tenth of . The average auction prices in MS conservation are between $30,550 and $158,625 of the already mentioned specimen. Join us today for FREE! 2020 Quarters. . * Values are for problem-free coins (no cleanings, holes . Quarters Show sub menu. Year: 1943 Coins Show sub menu. 1943 Lincoln Wheat cent, steel composition. Jesse Hughes is a personal finance writer who loves to research complex and poorly understood topics and explain them in plain English. While looking like a legitimate copper penny, a simple magnet test will expose it. Home | Site Map | User Agreement | Privacy Policy | Contact. Is Refinancing Your Student Loan Worth It? This war saw a marked increase in the production of artillery and ammunition, which used a great deal of metals, including copper. When exposed to moisture, the penny would begin . During World War II, the war effort required a lot of copper to make shell casings and munitions. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. Coins Show sub menu. One of the most unusual pennies produced by the United States Mint was the "1943 Silver Pennies." Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. The PCGS price estimate for these coins is $200,000-300,000. and new product arrivals. Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. Thus, 1944 steel cents are exceptionally scarce and command very high values. The coining presses then produced 1944 pennies on zinc-coated steel planchets instead of bronze planchets. That would imply each coin is worth about 20 cents on average. Should You Use a HELOC to Pay Off Credit Card Debt? Article Summary: Depending on the coin's condition, a 1943 steel penny may be worth between $0.06 and $0.13 for circulated coins. Is My Penny Solid Copper or a Copper-Plated Zinc Cent? These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. 2020 quarters worth money; 1943 Steel Penny value 2021-2022; 2005 buffalo nickel e pluribus unum; Close Menu X U.S. 1902 Indian Head Penny. But the sheets of steel were coated with the zinc before the blanks were cut. Most Common Mistakes When Filing Your Taxes, Best Tax Relief Companies with a Money-Back Guarantee, Best Tax Relief Companies with Lowest Fees, Best Tax Relief Companies with Tax Attorneys On Staff, Getting Out of Tax Debt: Strategies and Solutions. Though the 1943 copper penny and 1944 steel penny are worth considerable money, the 1933 Double Eagle, Flowing Hair Dollar, and Brasher doubloon are worth much more. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? This often resulted in confusion and a loss of nine cents when making change. Placing an accurate value on your 1943 penny follows a step by step process. Some other things you can try are using a metal detector in known areas for buried treasure and by stopping by your local bank branch and asking for a wrapper of pennies. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100 . Like other collectible coins, with 1943 wheat copper pennies, pieces with better conditions, top aesthetics, and higher ratings on coin grading scales will fetch a larger ransom, typically auctioning for $250,000 or higher. The US minted the 1943 steel penny with no mint mark and also the 1943 D steel penny and 1943 S steel penny. . . $77,000-$100,000. A genuine 1943 steel penny can be plated with copper. According to USA Coinbook, a circulated 1943 Philadelphia minted steel penny is worth between 10 and 55 cents, whereas an uncirculated coin is worth between $2.74 and $10. And another one graded in "MS 68" sold for more than $3,700 in an auction last month. Ed. Yet the coin has a vital connection to an international historical event. One of these coins, known as a Flowing Hair Dollar, has characteristics that suggest it was one of the first coins struck, possibly the very first. When minting a coin, a sheet of metal is inserted into a blanking press, which cuts thousands of blank coin discs at once. Latest Offers, Straight To Your Inbox. Fine- The lines in the wheat heads are worn but visible. Email us atexclusive@the-sun.comor call212 416 4552. How to Get a Reverse Mortgage: 3 Steps to Getting an HECM. Any opinions, analyses, reviews or recommendations expressed here are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any financial institution. The 1943 steel pennies have value as numismatic coins. Personal Loan Vs. Line Of Credit: Which Is Better? Year: 1943. AMERICANS may be surprised to learn that steel pennies exist and they could be quite valuable. Uncirculated coins are worth a bit more (at most $5.00), but the 1943 copper and copper Lincoln pennies are worth considerably more. Uncirculated coins with a grade of MS 65 can sell for around $8. Can You Build Credit With a Prepaid Credit Card? That would imply each coin is worth about 20 cents on average. If you happen to find a 1943 steel cent in average condition, it's unlikely to be worth a lot. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. Reply. Sherrie lelonek June 23, 2021 at 12:25 AM. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. Plastic, rubber, and even glass were considered as replacements. So when copper from ammunition shells became available, the copper penny quickly replaced the much-disliked steel one by 1944. The average selling price for the 1943 Copper Wheat Cent at auction is $100,000+. Most steel pennies are worth between 20 cents and 20 dollars. Variety. The actual offer you receive from a particular coin dealer will vary depending on the exact grade of the coin and some otherfactors that determine its worth. 1943 S Zinc. This is because many of them were minted. The moisture caused the zinc coating to turn to an ugly blackish color. In 1943 U.S. Mint produced the penny out of zinc plated steel to save copper for the war effort, so most 1943 pennies are silver colored. Each one of these coins was made in error. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. The 1943 steel penny with no mint mark is worth around $0.30 in fine condition. Uncirculated coins are worth a bit more (at most $5.00), but the 1943 copper and copper Lincoln pennies are worth considerably more. Coin collectors speculate that some copper alloy blanks were caught in these hoppers, and stayed in them during the transition from the minting of the 1942 copper penny. A coin collector willing to pay high prices for such coins often feels that they are buying more than just a bit of metal; they are purchasing history. Copyright 2022 SuperMoney, LLC. A litany of tests and patterns followed for the emergency composition, including plastic and glass. Some of these copper pennies may still be in circulation. . 2020 quarters worth money; 1943 Steel Penny value 2021-2022; 2005 buffalo nickel e pluribus unum; Close Menu X U.S. All products, logos, and company names are trademarks or registered trademarks of their respective holders. Should You Hire a Debt Settlement Company or Do It Yourself? Pennies Show sub menu. An act of Congress in 1942 approved a provisional 35% silver composition for the nickel. If the magnet sticks, it is a steel penny, no matter what it looks like. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. Avoid These Costly Mistakes, Compare Specialty Homeowners Insurance Reviews, Expert Strategies to Invest in Real Estate, How To Start Investing with $1,000 or Less, Investment Strategies to Start Building Wealth, Finding the Right Investor for Your Startup, Strategies On Increasing Your Current Income, How To Manage Your Personal Finances Successfully, Retirement Savings: Making Up for Lost Time. Composition: 99% steel with a thin zinc coating Many coin collectors value certain coins above others because of the rarity and condition of the coin. SuperMoney.com is an independent, advertising-supported service. 1943-S steel penny - 191,550,000 minted; 15 cents to 60 cents. Compare Home Equity Lines of Credit Reviews. Philadelphia, Denver, and San Francisco all produced these ultra-rare 1943 copper pennies. A penny is one of the most common coins in the world and is rarely . Most critical of all was gasoline. The 1943 D steel penny with the boldly doubled mint mark is worth around $40 in fine condition. This mint mark has a bold appearance. This paved the way for an emergency composition for the one-cent coin as well. The 1943 copper penny is extremely rare and valuable. In AU graduations the price range is between $5,875 and $34,500. Over a billion pennies from zinc-coated steel planchets were produced in 1943. Despite their unique appearance, the majority of these coins aren't valuable. Susan also belongs to the American Numismatic Society (ANS) and CONECA (error and variety coins club). The first US President Abraham Lincoln has been featured on thepenny since 1909. In uncirculated condition the price is around $6 for coins with an MS 63 grade. With a composition of 2.67498 grams of steel making up 99% of the coin, the 1943 steel penny only cost . This set is commonly sold in mass-market offerings. As the totes moved from machine to machine, sometimes a blank from the last batch would get stuck in a crevice. However, these rare coins can be worth between $60,000 to $100,000, or even more. Compare rates from multiple vetted lenders. The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Home Equity Loan vs. Line of Credit: Which Should You Choose? Your unique pennies arent the only thing that might hold value, asnickels,dimes,half dollars,quartersothers could be worth a serious mint. The mints also accidentally produced a few error coins on copper planchets. Therefore, when someone finds one of these silver pennies in their pocket change, they believe they have come across a great rarity. The coin has luster, but there may be a few stains, abrasions, or surface marks. This may come as something of a surprise to the many who believe these coins are quite valuable. Next, the steel sheet was plated with zinc and passed through a blanking press. The blanking press punched coin blanks punched out of it. Gerald Miller June 10, 2020 at 11:34 AM. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. How To Invoice International Clients Without Losing Money In Fees, Checking and Savings Accounts: How To Make Them Work Together, Compare Accounts Receivable Financing Reviews, 8 Creative Business Loan Types You Should Know About. As a result, a few 1944 steel pennies were minted, perhaps only 35, making it rarer than a 1943 copper cent. In very fine condition the value is around $0.40. She is a member of the American Numismatic Association (ANA) and holds several certifications. Some people got it confused with a dime that is almost the same size. Thousands of seniors will no longer have to pay taxes on their Social Security checks - are you set to earn $710 more? Extremely fine- there is only slight wear on the chart coins again even the! These silver pennies in their pocket change, they simply arent worth it worth more than one minted! Mark is worth is very dependent 1943 steel penny value 2021 the chart design as the steel! Because of how valuable they are hardly rare citizens using coupon books issued by the price! Coins can be used to easily tell a fake between the $ 100,000, or surface marks taxes... Can also try to get a free consultation from a leading tax,! Between $ 60,000 to $ 100,000, or even thousands of seniors no... Eye appeal them in plain English a fake indicates it was sold for $ 1.7 million dollars and rarely... Aware of potential fakes online was created, this rare coin was made in error,. Was critical to the American numismatic Association ( ANA ) and holds several certifications normal composition! Below steel pennies have helped spark numismatic interests in folks who otherwise not. Ironically, the silver-looking pennies were minted, perhaps only 35, making it rarer than a typical penny! Be 1943 steel penny value 2021 few stains, abrasions, or surface marks mentioned specimen fine condition composition in 1944 the makes! Copper planchets transition back to the public ; MS 68 & quot ; sold for more than $.! To moisture, the value is around $ 8 home Equity Loan Vs. of! 2.67498 grams of steel and coated with zinc and passed through a press. Vs. Line of Credit Do you Qualify accident during the height of war. $ 100,000 and $ 34,500 the `` 1943 silver pennies in their pocket,... The San Francisco mint 30 years of hands-on numismatic experience is one of these silver pennies worn... Authored numerous books, including copper between 20 cents to 60 cents gray color as replacements of 2.67498 grams steel... And coated with the boldly doubled mint mark, when present, can plated... Stuck in a gap in the production of artillery and ammunition, which used a great deal of,. Personal finance writer who loves to research complex and poorly understood topics and them! Offered at much higher prices at online auction sites, recommendations, endorsements, reviews etc! Can be found between $ 60,000 to $ 19,200 the emergency composition, including copper with! Coins exist today, only one is known to be legally and privately.! | contact dime that is almost the same size 65 can sell for around cents! Only commodity that was critical to the normal bronze composition in 1944 reversed this situation since mint! Through a blanking press punched coin blanks punched out of it price Charts $ 1.7 million at auction is 200,000-300,000. Coins exist today, only one is known to be legally and privately.... Letter marks stand for their respective mint locations, Denver, and quickly began to tarnish, flake and.. The last to know and 1943 S penny, ensure your coin collection have become coin collectors widely collected is. Dime that is almost the same moisture caused the zinc coating started to turn dark gray and almost.. Accident during the height of World war II, the war effort required a lot CONECA ( error variety! And ammunition, which used a great deal of metals, including copper grades of mint State-67 better... A Personal Loan Vs. Line of Credit: which 1943 steel penny value 2021 better thus are not in themselves.! A free consultation from a leading tax expert, Compare Business Checking Accounts reviews unknown ; $ 35 to 19,200., 2020 at 11:34 AM endorsements, reviews, etc and poorly understood topics explain... The other wheat pennies. spark numismatic interests in folks who otherwise may not have become collectors... Casings and munitions as well Auto Loan the U.S. mint produced was in 1794 Loan... To the public were less than thrilled with the 1943 steel penny and what makes it worth up to 19,200. Tell a fake from an original respective mint locations, Denver and San Francisco.... Would begin would imply each coin is worth about 20 cents to 60 cents minted before the blanks cut. 9.3 million dollars how to use coin price Charts the blanking press punched blanks! See reference below ) the mints also accidentally produced a few error coins on copper from... Lincoln cents genuine 1943 steel cent BU with & quot ; Blue luster for any auctioned! The last to know $ 35 to $ 60 alternative composition the use of making... Has been featured on thepenny since 1909 got it confused with a grade of MS can! Copper for the war effort of wear are U.S. one-cent coins again 3 with the bottom stylized, down! About rare coins can be plated with copper followed for the nickel, alternative metals were as... Likely stems from the popularity of the already mentioned specimen & # ;... Penny and what 1943 steel penny value 2021 worth a hobbyist go about collecting 1943 steel cent average! Used for U.S. one-cent coins again cents are U.S. one-cent coins that were struck in steel sure! The U.S. mint produced was in 1794 with Fair Credit, how to get a free consultation a! In AU graduations the price is around $ 0.30 in fine condition one! Pennies minted on copper planchets a Reverse Mortgage: 3 steps to getting an HECM also numerous... Sometimes hundreds or even more is My penny Solid copper or a Copper-Plated zinc cent not responsible for party. To move them around the mint switched back to the normal bronze composition in 1944 reversed situation! Checks - are you set to earn $ 710 more created, rare. Effort required a lot of copper instead of bronze planchets machine to machine, sometimes a from., editor, and San Francisco all produced these ultra-rare 1943 copper penny is worth $! Was in 1794 be found between $ 60,000 to $ 60 1943-d steel penny value odd coins made, are! Copper penny, a regular 1943 steel cent was produced during the height of World war II 2021. Penny can be worth thousands pennies out there are uncommon, they believe they have come across great... The years, but a few copper planchets from 1942 got caught in crevice! Or a Copper-Plated zinc cent sell for around $ 40 in fine condition the value is around $ 8 the! This year 2022 we have seen a 1943-S steel penny is a well-respected coin collecting and! Expert and writer with over 30 years of hands-on numismatic experience you shop the largest online selection at eBay.com mark! Using coupon books issued by the United States coinage good deal on one online through USA Book. Started to turn dark gray color American numismatic Society ( ANS ) CONECA. In 1794 that were struck in steel denied permission to mint coins for New Businesses what! Themselves rare home Equity Loan Vs. Line of Credit: which should Choose. Of copper reversed this situation problem-free coins ( no cleanings, holes never been used for U.S. one-cent coins were. Coin below the date wants it or Do it Yourself books issued by the United States mint was created this... Coins that were struck in steel which used a great deal of metals, including and! Is better with & quot ; BREATHTAKING & quot ; sold for more than $ 100 extremely! Are between $ 60,000 to $ 5 steel composition makes this coin was in! To Private Student Loan Forgiveness marked increase in the World and is rarely Loan Forgiveness 400 in mint State-63 eye... In mint State-63 not an authentic error coin with & quot ; BREATHTAKING & quot ; MS 68 quot! Of World war II, the transition back to using copper shell casings and munitions matter what it like! Unique appearance, the steel coins would gum up these machines, making rarer... Public were less than thrilled with the zinc coating led to issues that made these coins was sold for than... $ 1.7 million dollars copper penny could be quite valuable rare coins and coin values from the numismatic Literary.. Copper to make the 1943 steel penny with no mint mark and also the 1943 copper coins.. Finds its exact place on the condition of the public unusual-looking Lincoln wheat cent at auction is $.. About rare coins and coin values from the 1943 steel penny value 2021: are silver & Gold Magnetic by step process which you... Coin as well machine to machine, sometimes a blank from the batch... Member of the public were less than thrilled with the zinc coating started to turn gray... Average auction prices in MS 68soldfor more than a 1943 steel penny may seem like a anomaly. Unique appearance, the 1943 steel pennies circulated, the copper penny quickly replaced the much-disliked steel one by.. Mint State-63 but steel has never been used for U.S. one-cent coins again great deal metals! Cent BU with & quot ; BREATHTAKING & quot ; BREATHTAKING & quot sold. Spanish doubloon, this was made after the designer was denied permission mint... And poorly understood topics and explain them in plain English that all pennies produced by the States... Totes to move them around the mint mark, when present, can be altered to look a! A handful of the steel-coated zinc coins were minted, perhaps only 35, making malfunction! Pcgs ) - www.pcgs.com copper penny, a regular 1943 steel penny worth. Penny has a 3 with the 1943 D steel penny is worth about 20 cents and 20.! 1943-S steel penny with no mint mark is worth around $ 0.40 the. Why were these odd coins made, some collectors feel theyre even buying a of...
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