A 1943 copper cent was first offered for sale in 1958, bringing more than $40,000. Any differences here suggest the coin may have been altered to appear as a 1943 copper cent. If you think you have a 1943 bronze cent—and everything checks out with it so far, what you could do is bring it to a reputable coin dealer for an in-hand inspection. We use user submitted pictures please read that article if you are interested in adding your own. From the little bit of copper left in the hopper, about 40 bronze 1943 Lincolns were minted. What is a 1943 penny worth? You have the start to a great coin collection, have fun and good luck. Perhaps he or she could then assist you in getting it graded by a third-party coin grading company. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $240,271 in Average Condition and can be Worth $565,610 … USA Coin Book Estimated Value of 1943 Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $137,783 in Average Condition and can be Worth $389,968 or more in Uncirculated (MS+) Mint Condition. The 1943 Lincoln penny is one of 15 zinc-coated copper pennies to have been minted during World War II. We are working around the clock to ship all orders as soon as possible. A copper penny dated to 1943 is likely to be worth approximately $85,000 if it's in good condition. [?]. Copper was, during that time, a rarity! CoinTrackers.com has estimated the 1943 Copper Wheat Penny value at an average of $60047, one in certified mint state (MS+) could be worth $85,782. Numismatic Value: $60047 to $85782.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $60047, What does your 1943 cent weigh? Or maybe it’s an altered coin, perhaps a 1945, 1948, or 1949 Lincoln cent retooled to appear as a 1943. At this time, steel was used to make pennies instead of copper because copper was needed for the war effort. Lutes set his 1943 copper penny aside to study it later when he found it in a bundle of change in … The 1943 copper penny can be worth a million dollars as an extremely rare and sought after collectible coin. Warning: Many 1943 Copper Pennies are fakes. These are extremely rare compared to a steel version you might have. The 1943 Australian penny obverse features the bare head of King George VI facing left, with. The reverse shows a kangaroo in motion facing. These dealers also see plenty of rusty 1943 cents that “look like” copper to the collector. A penny from 1943 minted that year was made out of steel with a zinc coating. But, while steel cents are quite common—more than 1 billion were made across the Philadelphia, Denver, and San Francisco Mints—it's the copper 1943 cent that’s rare. Only a few 1943 copper pennies were minted, all of which would have been released by error into the coin supply. A 1942 copper penny is worth between $0.15 and $3.00. How Much Is a 1943 Steel Penny Worth? Many people hear that there is a rare 1943 penny out there and therefore assume all 1943 pennies are valuable. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents.However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000. Counterfeits, altered coins, and other fakes are among our hobbies' most significant problems and have been for a long time. In 1908, Theodore Roosevelt, approved the design of a new cent. Try sticking your 1943 penny to a magnet: If your 1943 penny sticks to the magnet, it is a common steel cent and NOT worth the big bucks. During this time, the United States Mint was striking pennies from zinc-coated steel planchets. The 1943S(steel) is worth between .40 and 1.00, depending on condition. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. striking pennies from zinc-coated steel planchets. A 1943 penny is unique in the numismatic collectible group of wheat cents. The all-time record price for a 1943 bronze cent is $1.7 million. You see, the 1943 bronze cent isn’t the kind of coin you’ll be able to 100% authenticate on your own. A 1948 copper penny can be filed down on the left side of the 8, making it look like a 3 instead. I remember the prices from the P (Philadelphia) mint ranging from around $10,000 many years ago to $73,000 in recent times. resorted to the use of zinc-coated steel for cents. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! (see details)... (adsbygoogle = window.adsbygoogle || []).push({}); Type: Copper Wheat Penny Contursi paid $72,500 to acquire the coin and related correspondence file. Silver Content: 0% The 1943 penny is one of 20 that were accidentally minted when the federal government was trying to conserve copper … What about the “3”? If it does, your penny is worth about 15 cents as a novelty item. What’s more, even if you have a 1943 bronze cent passed down in your family from somebody who was a diehard collector, that doesn’t necessarily mean that coin is authentic. **When we say that 0, of these coins were produced or minted in 1943 this number doesn't always match the actual circulation count for this coin. Even if you are sure you have the 100% real McCoy in your hands, there are too many fakes out there for anyone to buy a 1943 bronze cent without having complete certainty that it’s authentic. They are not aluminum, they are steel plated with Zinc. Miller said 10 to 15 of the 1943 copper pennies exist today. Don't be the last to know about the latest deals and new product arrivals. If your 1943 penny does NOT stick to the magnet, it may be a rare 1943 copper penny. Because that’s not how it works with the 1943 bronze cent! Keep reading to learn more about these one cent coins. 6.) USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $429,722 in Average Condition and can be Worth $864,689 to $2,196,797 or more in … During that year, the pennies minted were supposed to be steel or war pennies. During World War II, copper was needed for the war effort, and the copper penny was converted to steel. So when we say average, we mean in a similar condition to other coins issued in 1943, and mint state meaning it is certified MS+ by one of the top coin grading companies. Type: Wheat Penny Year: 1943 Face Value: $0.01 Composition: 99% steel with a thin zinc coating Total Weight: 2.70 grams. The result? Special Grading Qualities Find 1943 Penny Value. Today, 1943 bronze cents typically fetch between $100,000 and $250,000. It is thought, when the U.S. Mint’s coining machines were set up for new penny production in 1943, some copper blanks from the previous year’s production were not cleaned out. 1943 Copper Wheat Penny – Worth $85,782. Much has been published about copper 1943 pennies being worth in excess of a million dollars. Free shipping on many items | Browse your favorite brands | affordable prices. In 1943, they were making the "silver" penny. It appears to have some rust, but above the date it looks like a symbol above the four and a number six above the three. A grade defines its state of condition and is used by collectors to help judge its worth. 1943 … A 1943 wheat penny with no mint mark is worth 25 cents in fine condition. 1943 Copper Penny Values . I have a very curious 1943 steel wheat penny. Even if the coin you believe to be a 1943 copper cent checks out with your own tests—meaning it is NOT magnetic and weighs about 3.1 grams and appears to have an unaltered design (notice all the “ands,” not “ors” here)—then you should consider having it authenticated by reputable third-party grading service. There are only about a dozen authentic 1943 bronze cents that have been documented. Any differences here on a suspected 1943 copper cent should send up huge red flags. 1914 D Wheat Penny – Worth $5,500. The 1943 copper wheat penny is an extremely rare coin. The mint mark, when present, can be found on the obverse side of the coin below the date. If you have a 1943 copper penny it is worth a lot more. – Your 1943 copper penny absolutely must look exactly like a 1943 steel cent in terms of design and the shaping of the letters and numbers. A mint-condition, untouched penny could be worth a … The 1943 D Wheat Penny is worth between .45 cents and $12.00 on average. What steel penny is worth the most? Some 15 years later, another example sold for $82,500 at a 1996 auction. If you have a 1943 copper penny it is worth a lot more. Why? If your 1943 penny does not stick to the magnet it may be a rare 1943 copper penny. "The then 16-year-old Lutes received the copper-colored penny in change at his high school cafeteria in 1947 ... A penny's worth depends on its quality and rarity. A full red uncirculated 1943 penny from the Melbourne, Perth, or Bombay Mint is worth up to $250. The U.S. Copper Penny Melt Value Calculator, located below, will help you in finding the total copper value and total copper content of your pre-1982 United States Lincoln 95% copper cents. The 1943 copper wheat penny is an extremely rare coin. "The then 16-year-old Lutes received the copper-colored penny in change at his high school cafeteria in 1947 ... A penny's worth depends on its quality and rarity. In 1943 the US was fighting in WWII and a copper shortage led them to issue steel pennies. There are few coins as popular as the 1943 copper penny, an extremely rare mint error that is worth a lot of money. If the coin sticks to the magnet, its a copper-plated steel, and therefore a fake. Celebrate a little—but don’t spend all your money quite yet. You could also consider consigning the authenticated coin with an auction company, which is how many 1943 bronze pennies are sold. left, with the date below the tail, KG above the tail, and a star below the chest. A total of perhaps 20 to 30 of these 1943 copper cents were minted cumulatively at the Philadelphia, Denver, and San Francisco Mints. Please keep that in mind. Value Of 1943 Lead Penny. 6 That meant the copper in each penny was worth about 1.7 cents. https://www.gainesvillecoins.com/blog/1943-copper-penny-value In fact, a steel 1943 penny is worth up to 50 cents . One of the most common questions people ask is, “do I have a 1943 copper penny?” One of the points of confusion is behind “which” 1943 penny is rare. I can’t tell if it’s just an anomaly due to the rust and condition of the coin, or if … Beverly Mcqueen/Hemera / Getty Images Plus/Getty Images In 2015, the estimated value for a 1943 copper wheat penny is roughly between $60,000 and $85,000. ... 1. Click here to Learn How to use Coin Price Charts. resorted to the use of zinc-coated steel for cents. A copper penny from 1943 is valuable. … At PCGS the 1943 and 1943-S copper pennies are valued at $1 million each, while the 1943-D is listed at $1.5 million. 4 It contains about 2.95 grams of copper, and there are 453.59 grams in a pound. If you have one in About Uncirculated condition it is worth about 70 cents. This is partly why third-party coin grading services emerged in the 1980s. (Spoiler alert: a 1943 silver wheat penny is NOT made from silver!) Searching for error coins continues to be a growing hobby. 1943 Penny Worth One Million Dollars . – If it does, it’s a common 1943 cent. A subsequent piece sold for $10,000 at an ANA convention in 1981. What is the rarest penny? Owing to a shortage of copper during the critical war (WWII) year of 1943, the Treasury Dept. At this time, steel was used to make pennies instead of copper because copper was needed for the war effort. Its not hard to copper plate a coin; scam artists do it quite often. This was to help save copper for World War II ammunition shells. A rare 1943 Lincoln penny mistakenly struck in bronze instead of zinc-coated steel has reportedly sold for $1 million. And what turns out happening virtually every time is the coin winds up being a fake—a 1943 steel cent plated in copper. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service. These pennies are made of steel and coated in zinc. If it doesn’t, there’s a chance it may be the rare copper penny, but it still must be tested for authenticity. Just hold onto it for 10-30 more years and then sell it to someone for $5-10. The 1943 steel pennies have value as numismatic coins. While 1943 copper cents weigh about 3.11 grams and don’t stick to a magnet, the more common steel cents (which weigh 2.8 grams) adhere to a magnet. The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. 5 The price of copper on Dec. 10, 2019, was $2.75 a pound. At the time it was made, almost all pennies were minted using zinc-coated steel because copper and nickel were needed for the World War II effort. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. If the coin is in poor condition, it is valued toward the lower amount; in perfect condition, it can bring closer to $85,000. The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all. Others still confuse the 1943 steel penny (pictured below) as the rare coin because of its unusual appearance as a silvery-colored Lincoln cent. How Much is it Worth? A very common fraud involving the copper 1943 cent is to grind away part of the 8 in the date of a 1948 penny. How much is a 1963 penny worth? Many old-time coin collections are found to have counterfeit coins that are sophisticated in appearance. These coins could easily sneak past even many of the more advanced collectors. 1943 Australian One Half Penny Coin FJ261. Copper was used for bullets, wiring, etc for the war effort. A very small handful of copper-based pennies were minted during 1943 as a result of an error at the mint. In fact, 1943 copper wheat pennies are usually worth $100,000 or more! Check down the back of the couch, because you might find a penny that is worth almost $100,000. Use a magnet to verify the coins metallic composition. Technical and aesthetics grading determines value to collectors. At PCGS the 1943 and 1943-S copper pennies are valued at $1 million each, while the 1943-D is listed at $1.5 million. The highest amount paid for a 1943 copper cent was $82,500 in 1996. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. Because they are quite common, a 1943 penny in circulated condition is not worth much. 1963 Lincoln Penny. Type: Copper Wheat Penny Year: 1943 Mint Mark: No mint mark Face Value: 0.01 USD Total Produced: 0 [ Silver Content: 0% Numismatic Value: $60047 to $85782.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $60047, while one in certified mint state (MS+) condition could bring as much as $85,782 at auction. Circulated 1943 steel cents are worth only a dime or so. This was because copper was heavily needed for war materials during World War II. The PCGS price estimate for these coins is $200,000-300,000. In recent years a “1943 S” (San Francisco Mint) copper coin has gone for about $60,000 dollars at auction. The record price for a 1943 copper (aka bronze) cent is $329,000 in 2015 for an AU55BN coin. No matter the cause, 1943 copper pennies now sell for just under $100,000 each, according to our resources. 10 Most Valuable Walking Liberty Half Dollars. They have the same design as the other wheat pennies. No matter the cause, 1943 copper pennies now sell for just under $100,000 each, according to our resources. Thus, the meltdown value of a pre-1982 penny was about 70% more than the face value. Join us today for FREE! The US minted the 1943 steel penny with no mint mark and also the 1943 D steel penny and 1943 S steel penny. Make sure … Owing to a shortage of copper during the critical war (WWII) year of 1943, the Treasury Dept. It’s quite literally the million-dollar question! (Yes there is a grading scale). A pre-1982 penny consists of 95% copper and 5% zinc. An Extremely Fine coin with traces of mint red might be worth $20, almost uncirculated coins worth perhaps $50-$75. Additionally, watch out for fake 1942 copper pennies that are actually just copper plated steel pennies of that same year. 1944 Steel Wheat Penny – Worth $110,334. Composition and Fraud Issues. Values, images, mintages, and specifications for 1943 penny coins from Australia How Much Is A 1943 D Wheat Penny Worth? A full red uncirculated 1943 penny from the Melbourne, Perth, or Bombay Mint is worth up to $250. However, a small number of bronze planchets left over from the 1942 production remained in the mint presses. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. This was because copper was heavily needed for war materials during World War II. Calculate by quantity, rolls of pennies, face value, or total weight. How Much Is a 1943 Steel Penny Worth? Ending Feb 14 at 6:35PM PST 2d 12h. Because they are quite common, a 1943 penny in circulated condition is not worth much. Because the 1943 penny is so valuable, many counterfeits have been made by coating pennies with copper. 'Holy grail' rare penny might be worth $1.7M after it was found in boy's lunch money. Check down the back of the couch, because you might find a penny that is worth almost $100,000. 1943 Australian penny value. Call or visit your local coin dealer for more information. A 1942 copper penny is worth between $0.15 and $3.00. Mint Mark: No mint mark Value Of 1943 Steel Penny Get the best deals on 1943 Zinc Penny when you shop the largest online selection at eBay.com. Once the coin is certified as authentic and graded, that dealer may then be interested in buying the coin from you. Always worth big money, this error has commanded prices as high as seven figures. – A common 1943 steel cent weighs 2.7 grams, while the rare bronze one would click in at approximately 3.1 grams. Further authentication is required to see if it’s a legitimate 1943 copper cent. But for a coin this rare, actual sales from auctions or … While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. USA 1943 Copper Wheat Penny (Image courtesy of Heritage Auctions) . You must use a scale that measures down to at least a tenth-of-a-gram increments. There are about a dozen known genuine 1943 copper cents. 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. As a result, they were accidentally struck with 1943-dated dies. Warning: Many 1943 Copper Pennies are fakes. Let’s start with the 1943 penny that everyone asks so much about… 1943 Penny. The coin was sold again in January 2018 for $228,000 by Heritage Auctions. Unless they are gem mint with well defined hair on lincoln and well defined lines on the wheat on the back, they have functionally no value. 1922 D Wheat Penny – Worth $5,000. Almost every day, your typical coin dealer in Anytown, U.S.A. receives at least one or two calls from an excited individual who has “the” 1943 cent. I have one cent 1948 s wheat penny, 1942 wheat penny, 3 of 1966 memorial, 3 of 1969 s Lincoln memorial, 1955 wheat penny, 1955 d wheat penny, 1970 d Lincoln memorial, 3 1959 d Lincoln memorial, 1956 d wheat penny, 1977 d Lincoln memorial, 20 of 1972, 1953 no mint mark wheat penny, 1951 d wheat penny, five cent 1952 no mint mark. Beginning in 1982, pennies began to be manufactured out of zinc, amounting to 97.5% of the mass of the coin, with a thin copper … According to the U.S. Mint, about 40 of these coins are still in existence and have sold for as much as $82,500 at auction. 4.) 5.) Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies. Here’s how you can tell the difference between the common 1943 steel cent (typically worth 10 cents to $1) versus the 1943 bronze cent: Does your 1943 penny stick to a magnet? 1.) 2.) Make sure your 1943 copper pennies are certified! Some copper pennies were able … According to the experts at CoinTrackers, a rare 1943 coin made from copper … A penny from 1943 minted that year was made out of steel with a zinc coating. And if you expect to walk it into your nearest coin shop only to dance out the door five minutes later with a stash of cold, hard cash in your hands, then you’re unfortunately bound to be a bit disappointed. Due to unprecedented demand for gold and silver bullion along with the fluid situation as it relates to COVID-19, all orders may have further extended delays which are past our normal processing time and any already stated product delay dates. Bill Simpson, a co-owner of the Texas Rangers, recently dropped $1 million on a rare 1943 penny sold by a coin dealer representing a long-time collector, ABC News reported. ... 1. Coin experts speculate that they were struck by accident when copper–alloy 1–cent blanks remained in the press hopper when production began on the new steel pennies. 1943 Wheat Penny Value Chart . Historic value is high. He asked the U.S. Department of the Treasury about it, only to be told it was fraudulent. 1943 Wheat Penny: A Brief History & How Much It’s Worth Story Behind the Design. the following surrounding legend: 'GEORGIVS VI D:G:BR:OMN:REX F:D:IND:IMP.' The 1943 bronze Lincoln cent first came to light in the mid-1940s and quickly took the numismatic world by storm. Even if your 1943 penny is made of steel, it could be worth more than its face value. Also, click here to Learn About Grading Coins. Specifications. This price does not reference any standard coin grading scale. Year: 1943 USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $419,070 in Average Condition and can be Worth $843,255 to $2,142,342 or more in Uncirculated (MS+) Mint Condition. ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Those cents weighing in increments of a gram will give a false positive here because of rounding. The 1943S(steel) is worth between .40 and 1.00, depending on condition. 1943 S Steel Penny Value Chart . Prices have gone way up for the 1943 copper penny over the years. You still need to make sure the coin is authentic! One of the most common diagnostics is the font of the “3” in the date—it must exactly match the “3” on a 1943 steel cent. Key Date Morgan Dollars: Collecting Tips & Prices, Bicentennial Quarter Value and Price Chart. Rare 1943 penny sells for over $200,000 A rare copper penny that a Massachusetts man found in his lunch money more than 70 years ago has been auctioned for more than $200,000. Back in 1981, an example of the 1943 bronze cent made national news when it sold for $10,000. Total Produced: 0 [?] As usual you’re likely to see higher values for top graded PCGS certified 1943 pennies rather than raw ungraded coins. What Is A 1943 Steel Penny Worth Rare Penny Worth Money 1943 s penny how much is it worth is important information accompanied by photo and HD pictures sourced from all websites in the world. In a minute, I’ll talk more about the 1943 copper penny and why it’s so rare. People are also much too willing to accept that any piece of metal that is brown, says 1943, and looks like a wheat cent has to be an authentic 1943 bronze or copper penny. A rare copper penny, considered a 'holy grail' in coins, has been found in a boy's lunch money. A copper penny from 1943 is valuable. The 1943 Bronze Lincoln Cent is the most valuable Lincoln penny in existence. 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. 1943 Lincoln Steel Penny Value . 3.) Only a couple dozen pieces were made, and each is worth about $100,000. A 1948 copper penny can be filed down on the left side of the 8, making it look like a 3 instead. 1873 Indian Head Penny – Worth $10,000. Here is how to determine if your coin is worth $1 or $100,000. The 1943 copper penny can be worth a million dollars as an extremely rare and sought after collectible coin. As usual you’re likely to see higher values for top graded PCGS certified 1943 pennies rather than raw ungraded coins. 1943 Lincoln Penny Value Condition of Coin; Date Good Fine Extremely Fine Uncirculated 1943 Lincoln Penny Value Up-Dated 2021 1943 Zinc $0.08 $0.15 $0.28 $1.25 1943 D Zinc $0.09 $0.18 $0.38 $2.26 1943 S Zinc $0.15 $0.23 $0.63 $3.22 while one in certified mint state (MS+) condition could bring as much as $85,782 at auction. Because of their value, 1943 copper pennies have been counterfeited. If the 1943 D steel wheat penny is in good condition and contains a double die error, meaning it contains a double stamp of the year, it is worth up to $1300. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents.However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000. It is worth a lot of money! But first, let’s discuss what those silver 1943 wheat pennies are made from. Although about a dozen genuine 1943 copper cents are known, specimens from the San Francisco Mint are the rarest of them all. Value Of 1943 Penny Zinc . Coin analysts suggest that copper plates from 1942 may have been tested or left mixed amongst the other steel plates, thus creating the error. The Lincoln cent is not just any copper penny. The 1943 copper cents are extremely rare and valuable. The record for a 1943 copper cent was $82,000 for a nice uncirculated coin minted at the Denver Mint, the only one known with a D mint mark, making this the rarest of all the known 1943 copper cents.
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