Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. 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. Another disadvantage was the similarity with Dimes. The reason for such a coin was simple. 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) . | Melt Value? As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. But even in poor condition, they may be worth at least 3 or 4 cents, and some may be worth a lot more to coin collectors. Hi Jackie. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. 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. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? The uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5. I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? The Philadelphia mint produced 684,628,670 pennies in 1943. Also, click here to Learn About Grading Coins. | Melt Value? The 1942 Wheat penny has high value as a numismatic coin and gem in pristine condition. Originally, Brenner's signature appeared on the obverse of the coin. You can tell its made that way. The images aren't coming through unfortunately. The store will not work correctly in the case when cookies are disabled. How Much Is My Modern Jefferson Nickel Worth? Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. The usual 1 lb bags of Wheat Pennies include 148 coins, but it might vary. Thomas G. Flammio: Image: USA CoinBook. the postal carrier says they put them in my box, but I still am looking for them. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. In the early 1940s, when the United States had first entered World War II, our nation needed to ration a variety of important materials to help win the war. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. Thus, it is safe to say that the coin is pretty common in numismatic terms. I have a 43 s copper looking penny on one side, steel on the other. With this coin, the S was originally punched horizontally and was re-punched vertically. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. The 1909-S VDB. Absence of dark surfaces is a coin above average in preservation. Anyway have a great day everyone out there. I would suggest submitting it for grading at NGC or PCGS to find out if it's a valuable error. Hi Jules. What does this mean. While 1943 copper cents weigh about 3.11 grams and don't stick to a magnet, the more common steel cents (which weigh 2.7 grams) adhere to a magnet. Placing an accurate value on your 1943 penny follows a step by step process. NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. In 1943, three mints produced this penny: These three mints struck over 1,000,000,000 Lincoln steel pennies in 1943. Guarenteed. Lincoln Wheat Cents are legal tender. Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. He officially announced the change in design that same year. Other factors like the mint year, condition, and rarity greatly influence the value of a collectible coin. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'losttreasurehq_com-leader-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-1-0');The 1943 wheat back penny is very unique as it was the only year that Lincoln head cents where supposed to be made of zinc, however some rare zinc coated steel coins exist with a 1944 mint date. The 1986-D quarter was struck to the tune of 504,298,660 pieces at the Denver Mint. A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. A lighter shade of silver-grey highlights the design. Hi Kelli. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. 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. also a 1943 dime sized one cent wheat penny lining for estimated values. Litvak-American sculptor Victor David Brenner inherited the task. Don't be the last to know about the latest deals go on line and type in 1943 or 44 penny Value There is mint identification mRk. Value: The value of this penny ranges from $35 to $1,200. 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. . These pennies are now worth a lot of money because they are rare. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. But it is advisable to use proper coin cleaners. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! 1922 Silver Dollar Value: How Much Is It Worth Today? No mintmark means the coin was minted in Philadelphia. Therefore, it replaced copper in pennies with zinc-coated steel. Jump to: What is a Wheat Penny? The dies were prepared in the Philadelphia Mint and distributed to the other branches in June of 1909. Each of the above are worn 1943 steel cents displaying wear to the surface. 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. That initial year had two versions. Heres the current 1943 steel wheat penny value: So now that you know all about the 1943 penny value, did you strike it rich with your 1943 wheat pennies? He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. In 1943, 217,660,000 pennies came out from the Denver mint. An example of data being processed may be a unique identifier stored in a cookie. Most 1943 steel pennies that youll find in circulation are pretty well worn (and many that are worn exhibit rust). Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. A grade defines its state of condition and is used by collectors to help judge its worth. As you have probably known, this metal oxidizes in contact with moisture, creating stains on the surface. The second penny is worn to the point design elements are beginning to connect. You can quickly notice the double-printed mintmark on the coin surface. It is important to judge your coin against both the images and descriptions. 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. 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! Real Experiences. The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. Silver has been used in many coins including dimes, quarters, half dollars, and dollar coins. When that part of the design was rejected, he added his three initials, V.D.B., to the coin's reverse at the bottom between the stalks of the wheat ears. This off-metal transitional error was accidentally struck when a few leftover 1942 copper planchets were fed through the presses at the Philadelphia, Denver, and San Francisco Mints. Step one is to confirm exact Date and Mint Mark variety. 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. The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). "S" Mintmark Under Date: San Francisco Mint Struck the Coin. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. The 1943 Lincoln penny has the same look as other pennies in the series. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. More than 1 billion 1943 steel wheat pennies were made: However, by the end of 1943, much of the public complained about the new steel pennies. 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. Be less concerned with completing your collection and pay more attention to acquiring high-grade quality coins. Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. This paved the way for an emergency composition for the one-cent coin as well. You can quickly distinguish them by the marks on the coin reverse. No Mintmark Under Date: Philadelphia Mint Struck the Coin. one in real good condition might be worth $1-$7 Click here to Learn How to use Coin Price Charts. Freeing up tons of copper for the war effort, the now famous steel coated zinc combination was developed. Depending on how heavily circulated the coin is, you could get between 10 and $1. Found in a wide range of conditions, desirable examples are absent of both rust from the steel core and discoloration of the zinc. Value: This coin ranges in value from about 35 cents to $3,000 if in mint condition. Highest areas to judge for complete luster are Lincoln's temple, cheek, and jaw. 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. Thank you, Christie, first you would need to see if the penny sticks to a magnet. Although it is not particularly rare, the 1943 steel penny is fascinating. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. In fact,1943 copper wheat pennies are usually worth $100,000 or more! Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core. 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." Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). You can sell wheat pennies to local or online coin dealers, in auction houses, online websites such as eBay, coin shows, or pawn shops. Also, click here to Learn About Grading Coins. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. I would like to sell would anyone be interested?? Due to their high value for coin collectors, there are lots of fakes around. As an Amazon Associate I earn from qualifying purchases.Privacy Policy | ContactCopyright document.write("2018 - "+new Date().getFullYear());LostTreasureHQ.com. Their value lies in their novelty. | How much is a Wheat Penny worth? It is the 5th highest number of all the pennies made in this mint. Takedown request | View. all circulated and in good plus condition. This was accomplished by using copper shell casings gathered from military training facilities. Even though this penny is different, it is not particularly rare. Given their novelty, they also make great gifts. Prices have gone way up for the 1943 copper penny over the years. S San Fran. Value: This penny is worth anywhere from 75 cents to as much as $900. The United States Mint accidentally used the wrong planchet metal when striking the coin. Thank you! Thank you in advance any help would be greatly appreciated ?? Identify date, mint and condition; a wide range of values is found and identified. Im a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $252,182 in Average Condition and can be Worth $593,651 or more in Uncirculated (MS+) Mint Condition. Wheat pennies refer specifically to Lincoln Cents produced from 1909 to 1958. However, many in the public were less than thrilled with the alternative composition. Any value? It was graded MS68 by PCGS. Desirable is a complete coating of zinc. The 2 I have no mint brown in color and weighs 2.7 grams. (Right now, the government loses money on every penny it issues. US Mint. Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. 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. 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. versions. 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! In 1943, the US Mint switched from copper to steel to make pennies. If the coins show any signs of wear, they are probably worth around $1. Matching your coin to grading images gives a good indication of its condition. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Value: The value ranges from $500 to around $1,900. But first, lets discuss what those silver 1943 wheat pennies are made from. 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. This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. A former US President Abraham Lincoln profile is on the obverse, with the inscription IN GOD WE TRUST located on the upper edge. Their steel counterparts are much more common. Each combination is valued and listed on the chart. 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.
