how much is a 1943 wheat penny worth

A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. These are numismatically worthless since they are altered coins. Both are in the collectible grading range. Metal alloy of 1943 cents has a few considerations effecting its market acceptance. It is the only use in US coinage of this alloy. 2023 SD Bullion, Inc. All rights reserved. Thank you, Christie, first you would need to see if the penny sticks to a magnet. Found in a wide range of conditions, desirable examples are absent of both rust from the steel core and discoloration of the zinc. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. For the best experience on our site, be sure to turn on Javascript in your browser. 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 is mint identification mRk. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service. NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. While 1943 copper cents weigh about 3.11 grams. You can also send photos once I've connected you. That sure is a lot of money for an old penny, right? One of the most unusual American pennies was the silver-colored coin minted in 1943. A litany of tests and patterns followed for the emergency composition, including plastic and glass. WHAT IS A 1943 STEEL PENNY WORTH - YouTube Click here to Learn How to use Coin Price Charts. The 1944 wheat penny with a D mint mark is worth between $0.02 in Good and Fine condition. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. This global conflict saw the United States military's involvement from 1941 through 1945. Rare 1943 Penny Sells for Six Figures: How To Tell If You Have One Too Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. So it's possible that your coin is a mint error. We have a nice informative article on mintmarks that you might enjoy: https://coinvalues.com/library/mintmarks, This comment was minimized by the moderator on the site, https://coinvalues.com/forum/1944-wheat-penny#reply-6, To My Young Brothers & Sisters at Reddit & Elsewhere. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. What Is a Wheat Penny and How Much Are They Worth? How much would you be willing to sell one for? There were problems with the coins rusting quickly. I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? Click here to Learn How to use Coin Price Charts. And this is a good thing I love telling people the story behind 1943 pennies and what theyre worth! Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. These pennies are now worth a lot of money because they are rare. However, it could also be the result of excessive wear to the reverse of the coin. Be on the lookout for the ultra-rare 1909-S VDB. 1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? Good afternoon! 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. The reason is that the 1943 copper penny is an error coin. ones These are the ones no one has handled with their bare hands. The uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5. One without a mintmark is worth between $0.15 and $1. The Melt Value shown below is how . Some valuable errors from this year include a Philadelphia minted MS66 penny struck on a dime planchet which sold at Heritage Auctions for $8,400. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. Zinc, the protective coating, when worn, exposed underlying steel. Identity of Date and Mint Mark begins the process. 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! Understanding this, the value of a 1943 Lincoln will vary based on its type. Placing an accurate value on your 1943 penny follows a step by step process. The reason for the change from Bronze to Zinc was to do with the US war effort that year. The 2 I have no mint brown in color and weighs 2.7 grams. I buy coins in the mail and they are tracked to my address, but 50% of the time I get them and 50& of the time I dont. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. Values of these steel pennies is greatly reduced by the problems rust creates. Michael is passionate about personal finance, side hustles, and all things geeky. Also, click here to Learn About Grading Coins. Just wondering if u have any info about it. 1943 Lincoln Wheat cent, steel composition. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. You're right, the grading fees will likely cost more than the coins are worth. 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. Any value? Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. The first thing to address is that 1943 steel cents are not at all rare. Jump to: What is a Wheat Penny? A light sliver grey is their normal appearance when worn, standing out and easily spotted. Investing in Collectible Coins. Answer: Zinc-plated steel! Other 1943 copper pennies routinely sell for $100,000 to $200,000. How can I find more info on this coin? Abundant on a rarity scale. You can quickly notice the double-printed mintmark on the coin surface. 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. The penny on the left is worn throughout the hair, face, and coat of Lincoln. Saving at the time contributes to the supply today. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. Orlando, if you have attachments it's better to post in our forum: https://coinvalues.com/forum. Continue with Recommended Cookies. However, copper and nickel were also integral in making coins. Given their novelty, they also make great gifts. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. The following list contains the most valuable wheat pennies that were issued into circulation. This penny is also worth much more than face value. Yet the coin has a vital connection to an international historical event. No larges nicks distract the eye and rust is not present. Upper surfaces are clearly flattened and smoothed. Save my name, email, and website in this browser for the next time I comment. 1943 Lincoln Wheat Pennies Values and Prices - CoinValues.com We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. I have 8 rolls of steel pennies 1943 Steel Penny Values Chart 2023 (Up to $348,000) Some of our partners may process your data as a part of their legitimate business interest without asking for consent. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.34 in Average Condition and can be Worth $6.81 to $23 or more in Uncirculated (MS+) Mint Condition. A better than average 1943 cent stands out over lesser condition coins. Another California Bank Fails Over The Weekend. Go on line and type in 1943 P, D or S pennies value A distinct merging of Lincoln's hair and forehead is visible. Below is how much the coin is at various numismatic levels: But it is advisable to use proper coin cleaners. 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. Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. 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. Double die minting errors result from two impressions being made that are slightly offset from one another. Thank you! This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. Their value lies in their novelty. 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. Do you know where the penny is from? If your 1943 penny DOES stick to a magnet, it is made from steel and is worth 10 to 50 cents. An act of Congress in 1942 approved a provisional 35% silver composition for the nickel. During World War II, the war effort required a lot of copper to make shell casings and munitions. 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. Many were pulled from circulation. For the best experience on our site, be sure to turn on Javascript in your browser. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. The 1943 steel penny with no mintmark is usually worth between $3 and $10. The first Lincoln pennies released came to be known as the Lincoln wheat penny, or Lincoln wheat cent, which featured two wheat stalks framing the writing on the reverse side. And in very good condition. Thank You. Prices have gone way up for the 1943 copper penny over the years. https://nnp.wustl.edu/library/publisherdetail/51 The reason for such a coin was simple. Noticeable is the major elements remain separated and none are connected due to wear. The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. It has lost initial shine, and nearly all relief has become flat. Representing the only year of this composition, interest remains high. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. Take a close look at their condition. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. The images aren't coming through unfortunately. Even though they are pretty common these days, most collectors want to include them in their collections. 1944 Wheat Penny Value: How Much is it Worth Today? All rights reserved. As the Lincoln Wheat Cents were produced for 50 years, some mintages and variations are rarer than others, therefore, extremely valuable to collectors. It was said to me it isnt worth a grunion in market value. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. Originality is the key to value. No areas of wear form connections to each other. 1944 Lincoln Wheat cent. 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! There are many valuable, rare pennies out there. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Central Banks Lead the Way In Massive Gold Bullion Buying, Another Major Bank Teeters - Deutsche Bank. Zinc exposed to moisture forms a white soft power, zinc oxide. I have a 43 s copper looking penny on one side, steel on the other. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set. Curls of hair are flattened but major waves remain separated. In 1943, World War II was in full swing. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). Values climb with these upper grades. These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. These coins are on a rarity scale of Abundant. But very, very few of these left the U.S. Mint facilities. As you can guess, this mistake increases the coin value. 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. Printable sheet to list and inventory your coins. The value of a coin varies according to many factors: metal content, purity, rarity, etc. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). Value: This Lincoln penny is worth around $1.50 and up to $1,800 if in mint condition. 1943 Steel Penny Value: How Much is it Worth Today? - Something Borrowed 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. 1943-S Lincoln Cent Sells for $1 Million - The Spruce Crafts Zinc, the outer coating, is prone to dulling if disturbed. There are only 7 known 1944-D steel pennies in existence. Josh. US coin value charts covering cents to gold. 1944 US Mint Annual Report Quality of the surfaces is noted as quickly fading. 1943 Copper Penny - Spotting a Fake - The Spruce Crafts 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek - Silver Price $331 Outside COMEX Trading Hours? The 1942 Wheat penny has high value as a numismatic coin and gem in pristine condition. Thus, 1944 steel cents are exceptionally scarce and command very high values. Even if you didnt, your 1943 steel pennies are still neat coins and theyre historic relics from the World War II era. These coins come from the San Francisco Mint and initially received the designers initials on the obverse of the coin, but after some review, they were repositioned to the reverse. Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. I have two 1944 penny's one with D mint one with no mint. You can consider yourself lucky if you have a copper specimen of this penny in your coin collection. I kept it and put it in the fold and staple. Also, click here to Learn About Grading Coins. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? (Price Chart), How Much is a 1930 Wheat Penny Worth? Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. 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. 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. Does anyone think the mint will change the composition of the penny again? The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. Also important to collectors is condition of a coin. A standard method is used to located how much its worth on the chart. Hey Daniel. 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. The all-time record price for a 1943 bronze cent is $1.7 million. These coins traditionally consisted mostly of copper and nickel. I would bet 1,000 each time it would be an 8 or higher. 1943 Steel Wheat penny DDR value chart. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. Lincoln's portrait shows evidence of wear confined to just high points. Circulation wear has removed only small portions of the outer zinc coating. In fact, the very valuable "twin" to the rare 1943 copper cent was born in 1944. But if I an 10 others were to put a grade on it from 1-10. Additionally, zinc develops an oxide forming a white powder coating to the metal. And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. This paved the way for an emergency composition for the one-cent coin as well. In a minute, Ill talk more about the 1943 copper penny and why its so rare. Im the Coin Editor here at TheFunTimesGuide. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? 1943 Silver Wheat Penny Value - U.S. Coins Guide In other words, this is actually an extremely rare error coin. In fact,1943 copper wheat pennies are usually worth $100,000 or more! 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. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date. | Melt Value? (Right now, the government loses money on every penny it issues. - How much is a Silver Quarter worth? Very interesting site and looking for the value of a 1943 penny unminted. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Secondly, once the new metal composition was released into circulation rust and oxidization was now a new consideration to collectors in judging qualities of these coins. First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. Uncirculated This coin wasnt in circulation and kept the entirely noticeable highest relief points and the glow on Lincolns cheek and jaw. Most steel pennies are worth between 20 cents and 20 dollars. Technical and aesthetics grading determines value to collectors. 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. ), on the reverse side, and the other did not. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. 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. Above Lincolns shoulder is the word LIBERTY, while in front of the profile are the year of minting and the mint mark. 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. Hope that helps! Small zip lock bags are a good temporary solution. You can recognize only Lincolns profile, while almost all the details have merged. Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. Each of the above are worn 1943 steel cents displaying wear to the surface. Their steel counterparts are much more common. An example of data being processed may be a unique identifier stored in a cookie. Looking to see how much your wheat penny is worth? 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. 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. A natural blue-grey color is displayed by the fields of the coin, highlighting the legends and devices. Join us today for FREE! Numismatists believe some bronze planchets were used by mistake. 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+ Theodore Roosevelt was on a mission to redesign our nation's coinage. 1943 steel cents capture interest of collectors. ), 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. Hi Michael I have several the UNC. Otherwise, non-error steel cents are not in themselves rare. My best guess is that the last two digits of the date have been worn away over time. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. Takedown request | View. Since most people were used to pennies made of copper, this piece was a real surprise at that time. 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.. Their values are based on the latest deals and market updates. The second penny is worn to the point design elements are beginning to connect. That initial year had two versions. Also, click here to Learn About Grading Coins. It is worth significantly more than its face value in any condition. However, some leftover steel blanks ended up in the pressing machines, and these 1944 steel cents ended up in circulation. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. a UNC. How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor However, there are still millions of collectible 1943 pennies out there. The metal composition of a coin directly affects its weight. Wheat pennies refer specifically to Lincoln Cents produced from 1909 to 1958. The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. I have a collection of coins. Manage Settings Value: The value ranges from $500 to around $1,900. also a 1943 dime sized one cent wheat penny lining for estimated values. The usual 1 lb bags of Wheat Pennies include 148 coins, but it might vary. Typically sold in sets of three to include Philadelphia, Denver, and San Francisco issues. Territories Coin Values. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. The first thing is not to wipe the coin. No minted mark means it is a P mint, Penn. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. Handle the coin gently, hold the edges only avoiding touching the surface. But first, lets discuss what those silver 1943 wheat pennies are made from. Other factors like the mint year, condition, and rarity greatly influence the value of a collectible coin. Richard. Although it is not particularly rare, the 1943 steel penny is fascinating. However, many in the public were less than thrilled with the alternative composition. During World War II, the military needed copper for making casings, so the US Mint decided to use galvanized steel instead. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. 1943 Steel Wheat Penny Worth a Million Dollars - Craftbuds 1943 S Lincoln Wheat Cent : Bronze/Copper - USA Coin Book Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. 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. 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. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents.
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