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. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. Thus, 1944 steel cents are exceptionally scarce and command very high values. Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets. The best bullion deals straight to your inbox. How Much Is A 1943 Copper Cent Worth? Precautions help preserve the future condition of the coin. Although a wheat penny's face value is one cent, as a good rule of thumb, all wheat pennies, including common dates, are worth more than their face value. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. It just recently sold at Heritage Auctions on January 20th, 2021 for $840,000. Hey Daniel. Nowadays, most of them are worth only a bit more than their face value. 1943 Steel Penny Value Guides (Rare Error, "D", "S" and No Mint Mark) The military industry was run out of copper necessary for making castings. Ed. How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor Value: The value of this penny ranges from $1.95 to around $850. Michael is passionate about personal finance, side hustles, and all things geeky. 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) . I have 1943 double die copper pennies and 1943 copper penine that is in good shape no magnet sticks I have got them I want to sell. As a result, the first produced coins contained both metals and got reddish-yellow color. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. With this coin, the S was originally punched horizontally and was re-punched vertically. The incorrect use of brushes or cloth can cause unwanted scratches or tears. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. Sincerely: Linda G. I have a silver wheat penny that only has a 19 for the date and has no mint mark. 1943 Steel Penny Values Chart 2023 (Up to $348,000) Here are five that are valuable due to these kinds of errors in the manufacturing process. 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. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. 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. A distinct merging of Lincoln's hair and forehead is visible. Since most people were used to pennies made of copper, this piece was a real surprise at that time. The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. | Melt Value? (Price Chart), How Much is an 1943 Silver Quarter Worth? During World War II, the military needed copper for making casings, so the US Mint decided to use galvanized steel instead. JavaScript seems to be disabled in your browser. But that means top of the line. It did however present a few problems. This minor release of coins resulted in the exceedingly scarce 1909-S VDB Lincoln's penny. If your coin is worn and looks similar to the one illustrated in the link below, it is considered acirculatedcoin. An act of Congress in 1942 approved a provisional 35% silver composition for the nickel. Each combination is valued and listed on the chart. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. I have 8 rolls of steel pennies Wheat pennies refer specifically to Lincoln Cents produced from 1909 to 1958. But if I an 10 others were to put a grade on it from 1-10. The metal composition of a coin directly affects its weight. It was said to me it isnt worth a grunion in market value. Deterioration is a concern, rusting of the underlying steel is accelerated once the outer protective zinc is worn and removed. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. 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. This penny is also worth much more than face value. Save my name, email, and website in this browser for the next time I comment. This post may contain affiliate links. Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. 1943 Copper Penny - Spotting a Fake - The Spruce Crafts Highest areas to judge for complete luster are Lincoln's temple, cheek, and jaw. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-large-leaderboard-2','ezslot_9',107,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-large-leaderboard-2-0');Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. Printable sheet to list and inventory your coins. for a Philly. 1943 penny value reflects its unique status within the Wheat cent series. Any value? - Central Banks Lead the Way In Massive Gold Bullion Buying, - GOLD: Highest Month & Quarter Settlement, - Another Major Bank Teeters - Deutsche Bank, Get the latest deals and news!Subscribe to our mailing list.. 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. Value: Values range from $350 to about $12,000 for this coin. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. These are approximate retail prices and wholesale values. A better than average 1943 cent stands out over lesser condition coins. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. As the Lincoln Wheat Cents were produced for 50 years, some mintages and variations are rarer than others, therefore, extremely valuable to collectors. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. Expert's Assistant: Is there anything else the Appraiser should know before I connect you? (Price Chart). One of the most valuable Lincoln cents ever produced. Due to their high value for coin collectors, there are lots of fakes around. Hope that helps! Are you concerned the precious metals train has left the station without you. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. You're right, the grading fees will likely cost more than the coins are worth. 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek Even though this penny is different, it is not particularly rare. This coin's exact value is determined by its current condition and rarity. Place higher grade coins in individual holders. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. It's quite literally the million-dollar question! Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. Another example of a re-punched coin, an S was originally punched and then covered up with a D. Value: The value of this coin ranges from $40 to about $260. Lincoln Wheat Penny (1909-1958): Values & Key Dates - Gainesville Coins Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? Good afternoon! The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. There are many valuable, rare pennies out there. Importantly in this condition a strong eye appeal is projected by both coins. 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+ Thus, it is safe to say that the coin is pretty common in numismatic terms. Litvak-American sculptor Victor David Brenner inherited the task. Due to their rarity, these coins are very valuable and continue to rise in value every year. Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. What Is a Wheat Penny and How Much Are They Worth? Wear has removed enough design and metal from the two examples to grade lower than extremely fine on a technical basis. ones These are the ones no one has handled with their bare hands. Looking to see how much your wheat penny is worth? | Melt Value? One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. The penny on the left is worn throughout the hair, face, and coat of Lincoln. 1944 Steel Penny Value Guides (Rare Errors, "D", "S" and No Mint Mark) These are considered novelty items and have no collector value. 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. Values climb with these upper grades. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! The 1943 steel cent was produced during the height of World War II. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. While not all wheat pennies will fetch a high price tag, all wheat pennies are worth more than their face value and are thus a sought-after coin for collectors. I would like to sell would anyone be interested?? also a 1943 dime sized one cent wheat penny lining for estimated values. Not unlike key dates from silver dimes, quarters, half dollars and dollar coins who are worth much more than what is called "junk silver". Handling and circulating through commerce easily start the process of metal removal. My best guess is that the last two digits of the date have been worn away over time. High areas to check are Lincoln's beard and hair. I was wondering is my US cent from 1943 and 1944s are worth any money. 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. This set is commonly sold in mass-market offerings. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. 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. The 1909-S VDB. 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. 1943 Steel Penny Value: How Much is it Worth Today? - Something Borrowed Hi Kelli. Value: This coin ranges in value from about 35 cents to $3,000 if in mint condition. Even though they are pretty common these days, most collectors want to include them in their collections. Reply. Date | Mintmarks | Condition are described and imaged with each series. Rare coins such as the 1909-S VDB and 1914-D are the "Holy Grails" of any Lincoln Wheat cent collection. 1943 steel wheat pennies were not a hit for these reasons: The U.S. government found the solution to the above problem by making the1944 wheat penny from spent copper shell casings that were recovered from battlefields after use. * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins. Click here to Learn How to use Coin Price Charts. Just wondering if u have any info about it. When a new law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. But it is advisable to use proper coin cleaners. Before you go down the path of building a complete set of Lincoln Wheat pennies, use the following price guide to give you an approximatevalue and pricefor your Lincoln Wheat pennies. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). Thus, alternative metals were considered for minting coins. It is important to judge your coin against both the images and descriptions. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. In 1943, the US Mint switched from copper to steel to make pennies. Thanks to the high production, you will effortlessly find a specimen for your collection for a very affordable price. Josh @ CoinValues. Another disadvantage was the similarity with Dimes. Images used to locate mint marks finds its exact place on the chart. If the coin sticks to the magnet, it contains steel and is fake. FAQs About the 1944 Steel Penny How Much is a 1943 or 1944 Penny Worth? 1943 Silver Wheat Penny Value - U.S. Coins Guide In addition to the links Ive included above, here aresome otherresources to help you learn more about 1943 wheat pennies and other old pennies: Stay up to date with everything about U.S Coins, We dont spam! In fact, the very valuable "twin" to the rare 1943 copper cent was born in 1944. 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. These coins are frequently counterfeit or altered from common wheat pennies. 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. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. 1943 Steel (Silver) Penny: Background and Value - The Spruce Crafts Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. Although it is not particularly rare, the 1943 steel penny is fascinating. You will have no difficulties recognizing them because there is a noticeable gap between these two marks. if that, sorry There were problems with the coins rusting quickly. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. ), 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. It was graded MS68 by PCGS. Here's How to Test Your Silver & Gold, Buffalo Nickel (19131938): Values & History, Mercury Dime (19161945): Values & History, Washington Quarters: Key Dates & Varieties. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. 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. Technical and aesthetics grading determines value to collectors. Over 684 million of these zinc coated steel coins were produced. Expert's Assistant: The Appraiser can help. Most 1943 steel pennies that youll find in circulation are pretty well worn (and many that are worn exhibit rust). Collector preference are coins without rust. Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). How Much Is My Modern Jefferson Nickel Worth? 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. | Melt Value? You can recognize only Lincolns profile, while almost all the details have merged. A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . one in real good condition might be worth $1-$7 ), 1943 copper penny is extremely rare and valuable. Be on the lookout for the ultra-rare 1909-S VDB. In fact,1943 copper wheat pennies are usually worth $100,000 or more! For one, there were up to 3 different types of coins produced each year. Most are worth only 2 or 3 cents. For the best experience on our site, be sure to turn on Javascript in your browser. Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. You can sell wheat pennies to local or online coin dealers, in auction houses, online websites such as eBay, coin shows, or pawn shops. There are only around 30 samples known. Click here to learn how to use coin price charts. a #8 might get you #1 maybe ? Immediately the mint recognized the metal was harsh on coining dies, reducing die life. Very few of these pennies were minted and released into circulation. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. 1943 steel cents capture interest of collectors. There is no right or wrong way to collect 1943 Lincoln cents. The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. D Denv. Im not an expert anbit is not graded professionally. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Rest . You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray it may even appear rusty. 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. Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. . No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. See the19 Most Valuable Pennies Ever Sold here. 1944 Lincoln Wheat Penny Value Guide - Gainesville Coins Looking for more? 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. Don't be the last to know about the latest deals Any suggestions where I can sell them, I am interested in them Read on Ill also tell you what 1943 silver pennies are actually made from and well discuss the rare, valuable 1943 copper penny below as well. Problems are absent from the surfaces, however. His temple, cheek, and jaw are smooth and flat on the highest ridges. This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. Quality of the surfaces is noted as quickly fading. 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. What needs to be remembered, though, is that 1943 steel Pennies are not rare in fact, they are quite common, with more than 1 billion produced across all three mints operating in 1943: Philadelphia, Denver (D), and San Francisco (S). These are rare pennies to look for in . Theodore Roosevelt was on a mission to redesign our nation's coinage. Hi Michael I have several the UNC. Maybe youll find one in your pocket change if you look hard enough and youre lucky. He officially announced the change in design that same year. Also, click here to Learn About Grading Coins. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. As a result, the 1943 penny is very low on the rare coin scale. The first thing to address is that 1943 steel cents are not at all rare. 1943-S Lincoln Cent Sells for $1 Million - The Spruce Crafts I found recently a 1984 penny with some raised ridges on the obverse. Guarenteed. However, there are still millions of collectible 1943 pennies out there. And in very good condition. In addition to the pennies mentioned above, keep an eye out for wheat pennies with double dies and other errors they'rerare coins worth a considerable sumin the coin collecting business. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? Their history is directly connected with WWII. US Mint. 1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here 1943 Steel Wheat penny DDR value chart. I have recently discovered a 1943 wheat penny that im courious about does look like the real thing not sure any suggestions. You should always check the zinc oxidation levels. This may come as something of a surprise to the many who believe these coins are quite valuable. A record price of $21,275 was fetched at auction for a MS67 D/D. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. Uncirculated This coin wasnt in circulation and kept the entirely noticeable highest relief points and the glow on Lincolns cheek and jaw. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. The value of a coin varies according to many factors: metal content, purity, rarity, etc. The consent submitted will only be used for data processing originating from this website. Real People. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. Harrison, People often mistakenly replaced these two coins for similarity and lost nine cents per piece when paying something. These are numismatically worthless since they are altered coins. Absence of dark surfaces is a coin above average in preservation. The S-marked penny comes from the San Francisco mint. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! The usual 1 lb bags of Wheat Pennies include 148 coins, but it might vary. The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. Their values are based on the latest deals and market updates. Until recently, mint marks were punched by hand, and thus the position tended to vary slightly. Value: This Lincoln penny is worth around $1.50 and up to $1,800 if in mint condition. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. Value: The value of this penny ranges from $35 to $1,200. All rights reserved. The 1943 copper penny is extremely rare and valuable. Don't be the last to know about the latest deals and new product arrivals. Metal alloy of 1943 cents has a few considerations effecting its market acceptance. Understanding this, the value of a 1943 Lincoln will vary based on its type. November 17, 2021 at 8:54 am. 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. This paved the way for an emergency composition for the one-cent coin as well. The reason for such a coin was simple. So it's possible that your coin is a mint error. Date and mint mark collecting are a main focus to collections. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. ROGER, DID YOU EVER GET AN ANSWER? Also, click here to Learn About Grading Coins. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. Production was large 8th highest in the wheat series, 1,093,838,670 totals; when combining all mints. No Mintmark Under Date: Philadelphia Mint Struck the Coin. The Truth About 1943 Steel and Bronze Copper Wheat Penny Values 1943 Lincoln (Wheat) Penny Value | JM Bullion Denver 1943 cents are in demand because of their uniqueness. Here's a rundown on 1945 penny values and mintage figures for the different 1945 pennies so you can see how many were made: 1945 penny (no mintmark, made in Philadelphia) 1,040,515,000 minted; worth 2 to 5+ cents; 1945-D penny (struck in Denver) 266,268,000 minted; worth 3 to 5+ cents; 1945-S penny (produced in San Francisco) 181,770,000 minted; worth 5 to 10+ cents Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. The small batch of 1943 bronze wheat pennies that were minted in Philadelphia, San Francisco and Denver are now among the most valuable Lincoln cents on the market for collectors. USA Coin Book estimated value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is worth $408,418 in average condition and can be worth $821,820 to $2,087,886 or more in uncirculated (MS+) mint condition. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. Manage Settings How much would you be willing to sell one for? I kept it and put it in the fold and staple. These coins are on a rarity scale of Abundant. Value: The value ranges from $500 to around $1,900. But very, very few of these left the U.S. Mint facilities. So, their absence proves that the coin is intact.
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