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. 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. Sincerely: Linda G. I have a silver wheat penny that only has a 19 for the date and has no mint mark. The 1943 copper penny was an accidental manufacturing error. Unfortunately, this change in the material wasnt an excellent idea. This article will answer the two key questions about the Lincoln wheat pennies: What are the most valuable wheat pennies tocoin collectors(i.e. This example was well preserved over time. 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. Lincoln Wheat Penny Key Dates, Rarities and Varieties, Kennedy Half Dollar Values and Prices (1964-2015), Buffalo (Indian Head) Nickel Values and Prices, How to Value and Price a Roosevelt Clad Dime, 50 State Quarters, D.C., and U.S. In fact, with the exceptions of major errors and varieties, no Lincoln wheat penny struck after 1933 is worth more than 10 cents in worn condition. Real Experiences. It is important to judge your coin against both the images and descriptions. The best way to determine its value would be to submit it to a third-party grading service such as NGC or PCGS. During World War II, the military needed copper for making casings, so the US Mint decided to use galvanized steel instead. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. 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. You can use the upload file icon below the text entry box, or post in our forum. I have 6 1943 Stell Cents, they are not graded, 2 are D's one is an S, and the rest are no mint marks, should I get these graded to see their actual value, I am hesitant as it may cost more to get them graded than they are worth? ), 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. So we are talking about mint state steel wheat back cents only being worth $1 to $2 each. That change made this penny look like a silver coin, setting it apart from all the pennies ever minted before. Hey Glenn. Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). The 1943 steel penny with no mintmark is usually worth between $3 and $10. if that, sorry Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. I have a 43 s copper looking penny on one side, steel on the other. These coins are on a rarity scale of Abundant. Circulation wear has removed only small portions of the outer zinc coating. Thus, alternative metals were considered for minting coins. Here are some of the most valuable wheat pennies updated as of July 2022. A standard method is used to located how much its worth on the chart. https://nnp.wustl.edu/library/publisherdetail/51 a #8 might get you #1 maybe ? I would like to sell would anyone be interested?? Expert's Assistant: Is there anything else the Appraiser should know before I connect you? These are approximate retail prices and wholesale values. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! Real Helpful. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. Save my name, email, and website in this browser for the next time I comment. Both are in the collectible grading range. The best bullion deals straight to your inbox. November 17, 2021 at 8:54 am. versions. High areas to check are Lincoln's beard and hair. Below is how much the coin is at various numismatic levels: 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. Desirable is a complete coating of zinc. One version had the engraver's initials, Victor David Brenners (V.D.B. Other 1943 copper pennies routinely sell for $100,000 to $200,000. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. on the back at the bottom between the stems of the wheat ears), 1909-S Over Horizontal S (re-punched mintmark or RPM), 1943 Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper), 1943-D Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper). How much would you be willing to sell one for? 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. There is no right or wrong way to collect 1943 Lincoln cents. I would suggest submitting it for grading at NGC or PCGS to find out if it's a valuable error. The consent submitted will only be used for data processing originating from this website. Printable sheet to list and inventory your coins. The penny is more valuable than the one made in Philadelphia without a mint mark. Any value? I also have 1943 steel penny with no mint. The first thing is not to wipe the coin. Worn steel pennies with eye appeal are popular with beginning collectors and a fascination to younger collectors. The United States Mint eventually acquiesced to the concerns of the public. Since only about 40 exist on the market, they are tremendously valuable. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. Many 1943 steel cents ultimately corroded beyond recognition or were otherwise lost to time. Although it is not particularly rare, the 1943 steel penny is fascinating. 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! Values climb with these upper grades. Reply. These coins are frequently counterfeit or altered from common wheat pennies. Some vending machines rejected the steel wheat cents. They are worth about .10 ea. This applies within and even beyond the numismatic realm. But that means top of the line. S San Fran. Even though they are pretty common these days, most collectors want to include them in their collections. There are only 7 known 1944-D steel pennies in existence. Value:This penny's value ranges from about $20 to as high as $5,000 if in mint condition. Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. Rest . Theodore Roosevelt was on a mission to redesign our nation's coinage. My love for coins began when I was 11 years old. The new penny would have the Lincoln Memorial as a motif, substituting the popular wheat stalks. I found recently a 1984 penny with some raised ridges on the obverse. i have 54 philly version cents. The 1943 copper penny is extremely rare and valuable. Lincoln Wheat Cents are legal tender. How much is a 1943 Lincoln penny worth? For all these reasons, the US Mint decided to reuse copper for producing pennies in 1944. The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. Are you concerned the precious metals train has left the station without you. However, it could also be the result of excessive wear to the reverse of the coin. It's because the Denver mint made them in lesser numbers. As mentioned above, 1943 copper pennies are rare and valuable. "D" Mintmark Under Date: Denver Mint Struck the Coin. Nevertheless, checking the 1943 Penny value is advisable, particularly if you have a bronze piece or one with an error. Federal Trade Commission. But first, lets discuss what those silver 1943 wheat pennies are made from. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. A composition of steel, coated with zinc, resulting in their distinctive color, sets these coins apart. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For. Reply. So, what are 1943 silver pennies made from? 1944 Lincoln Wheat Penny Value Guide. It has lost initial shine, and nearly all relief has become flat. Value: It is valued from $1.55 to as much as $1,500. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. It is now part of The Dazzling Red Collection of Lincoln Wheat Cents owned by this unnamed collector. This set is commonly sold in mass-market offerings. Harrison, However, some leftover steel blanks ended up in the pressing machines, and these 1944 steel cents ended up in circulation. 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. Uncirculated This coin wasnt in circulation and kept the entirely noticeable highest relief points and the glow on Lincolns cheek and jaw. Guarenteed. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. All rights reserved. Deep grey blue fields are smooth and not pitted. One wide spread market development was the introduction of "Reprocessed" 1943 Steel Pennies. Yes, a copper 1943 penny really is worth an average of $85,000. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. Continue with Recommended Cookies. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. What are they worth? Absence of dark surfaces is a coin above average in preservation. This may come as something of a surprise to the many who believe these coins are quite valuable. Josh @ CoinValues. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. Click here to learn how to use coin price charts. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. There are only around 30 samples known. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. ), 1943 copper penny is extremely rare and valuable. 1944 US Mint Annual Report 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. 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. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. Also important to collectors is condition of a coin. The scammer attempts to file down the 8 in the date to look like a 3. The 1944 wheat penny with a D mint mark is worth between $0.02 in Good and Fine condition. The Melt Value shown below is how . Originality is the key to value. But chances are any of the Lincoln Wheat cents you've found in pocket . Numismatists believe some bronze planchets were used by mistake. A shortage of copper combined with a need to provide coinage to commerce forced the mint to use an alternative alloy. how do you tell if it is the right 1943 penny stated in one article if the penny sticks to the magnetic it is fake and another place states that if it does not stick it is a fake which of these statements are actually the right one. 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. I have a collection of coins. If your coin is worn and looks similar to the one illustrated in the link below, it is considered acirculatedcoin. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. Richard. A record price of $21,275 was fetched at auction for a MS67 D/D. | Melt Value? Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. The 1940 Wheat penny is made from 95% copper and 5% zinc & tin. It's quite literally the million-dollar question! the postal carrier says they put them in my box, but I still am looking for them. Their history is directly connected with WWII. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Young collectors seek coins with the least amount of wear. There are only thought to be 20 of these 1943 bronze wheat cents available with no mint mark meaning they were made at the Philadelphia mint. Go on line and type in 1943 P, D or S pennies value Value: The value of this penny ranges from $1.95 to around $850. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. Don't be the last to know about the latest deals I have a 1943 S mint mark copper penny. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. And in very good condition. Rare coins such as the 1909-S VDB and 1914-D are the "Holy Grails" of any Lincoln Wheat cent collection. You should always check the zinc oxidation levels. Investing in Collectible Coins. Yet the coin has a vital connection to an international historical event. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. As you can expect, they are precious and expensive. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. 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 minor release of coins resulted in the exceedingly scarce 1909-S VDB Lincoln's penny. Quality of the surfaces is noted as quickly fading. Originally, Brenner's signature appeared on the obverse of the coin. I have 1943 steel wheat pennies among many others,have no access to internet much,am wondering if theyre worth more than face value? Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. Even if you didnt, your 1943 steel pennies are still neat coins and theyre historic relics from the World War II era. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . who wants them? Washington Quarter Values and Prices (1932-1964), Lincoln Wheat penny key dates, rarities,andvarieties, 1909-S VDB (small "S" below the date and "V.D.B." all circulated and in good plus condition. No minted mark means it is a P mint, Penn. Latest Offers, Straight To Your Inbox. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. The 1943 copper penny is extremely rare and valuable. The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. How much a steel penny is worth is very dependent on the condition of the coin. Therefore, it replaced copper in pennies with zinc-coated steel. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. The 1943 steel cent was produced during the height of World War II. Very interesting site and looking for the value of a 1943 penny unminted. PS: never send in your coins by mail or leave them there to be looked at. A popular counterfeiting method is to plate a steel cent with copper. Understanding this, the value of a 1943 Lincoln will vary based on its type. 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) . Many coins removed from circulation have only touches of wear retaining a pleasing appearance. Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. As illustrated in the photo in the link below, themint markis located on theobverseof the coin,just below the date. The all-time record price for a 1943 bronze cent is $1.7 million. Manage Settings The first of these was reported within a few years. The metal composition of a coin directly affects its weight. The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. Each of the above are worn 1943 steel cents displaying wear to the surface. The dies were prepared in the Philadelphia Mint and distributed to the other branches in June of 1909. It did however present a few problems. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). (Price Chart), How Much is an 1943 Silver Quarter Worth? Depending on how heavily circulated the coin is, you could get between 10 and $1. 1944 Lincoln Wheat cent. 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. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! - Another California Bank Fails Over The Weekend. Michael is passionate about personal finance, side hustles, and all things geeky. This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. It is known that only about 40 copper pennies were minted in 1943, so they are considered exceptionally rare on the current coin market. How Much Is A 1943 Copper Cent Worth? During World War II, the war effort required a lot of copper to make shell casings and munitions. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-leader-2','ezslot_11',111,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-2-0');A strange minting anomaly also occurred in 1943 which saw the production of a handful of copper/bronze wheat pennies across all three mints. Their values are based on the latest deals and market updates. 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! You're right, the grading fees will likely cost more than the coins are worth. The 1942 Wheat penny has high value as a numismatic coin and gem in pristine condition. If you buy thru these links, we may earn a commission at no additional cost to you. Precautions help preserve the future condition of the coin. Answer: Zinc-plated steel! I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! As a result, the first produced coins contained both metals and got reddish-yellow color. - 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.. But if I an 10 others were to put a grade on it from 1-10. Any suggestions where I can sell them, I am interested in them Searching for error coins continues to be a growing hobby. 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. 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. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. Teletrade Coin Auctions, www.teletrade.com. But it is advisable to use proper coin cleaners. Date and mint mark collecting are a main focus to collections. You can see them on Lincolns portrait relief, particularly on high spots like hair curls. 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). That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. How Much is a 1961 Franklin Half Dollar Value Worth? You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray it may even appear rusty. Ed. Value:The value of a coin with this error can make for quite a few dollars, ranging from $80 to as much as $3,000 if uncirculated. 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. Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). As you have probably known, this metal oxidizes in contact with moisture, creating stains on the surface. A natural blue-grey color is displayed by the fields of the coin, highlighting the legends and devices. Collectible Grade: Qualities of these unique 1943 pennies involve special considerations in condition less than Extremely Fine grade. A better than average 1943 cent stands out over lesser condition coins. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. Also, click here to Learn About Grading Coins. | Melt Value? Second step, is an appraisal of condition. 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. Pricing the 1943 Lincoln Penny. Hope that helps! You can consider yourself lucky if you have a copper specimen of this penny in your coin collection. Collector preference are coins without rust. However, many in the public were less than thrilled with the alternative composition. | How much is a Wheat Penny worth? The Philadelphia mint produced 684,628,670 pennies in 1943. If your 1943 penny does NOT stick to a magnet it may be a copper cent error that is worth $85,000 or more. More than 2 billion wheat pennies were made in 1944, but that doesn't mean that there aren't important 1944 Lincoln cents that are worth a lot of money. For example, one 1943-D copper penny commanded a whopping $1.7 million when it sold at an auction in 2010. These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Placing an accurate value on your 1943 penny follows a step by step process. ), A 1999 Penny Worth $300? note: This article is periodically updated to reflect the current value of 1943 steel cents. The military industry was run out of copper necessary for making castings. Value: Values range from $350 to about $12,000 for this coin. Best wishes, | Other Wheat Pennies to look for. Brass brushes would be an excellent option because they are softer. Good afternoon! But it turned out a few 1943 wheat pennies had accidentally been made with leftover copper planchets (prepared coin blanks) from 1942 and they escaped from the United States Mint! One of the finest examples of this coin sold at Heritage Auctions on June 18th, 2021 for $6000. Over the last decade, Ive been asked, How rare are 1943 silver pennies? and How much is my 1943 silver wheat penny worth? more times than I can even remember. Since most people were used to pennies made of copper, this piece was a real surprise at that time. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. As a result, the 1943 penny is very low on the rare coin scale. Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. 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. How can I find more info on this coin? Silver has been used in many coins including dimes, quarters, half dollars, and dollar coins.

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