The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. How Much is a 1942 Wheat Penny Worth? (Price Chart) - Something Borrowed (Price Chart). I would suggest submitting it for grading at NGC or PCGS to find out if it's a valuable error. US coin value charts covering cents to gold. The value of a lightly circulated 1943 steel penny ranges from 20 cents to 50 cents. And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. Also, click here to Learn About Grading Coins. Originally, Brenner's signature appeared on the obverse of the coin. These are worth around $85,000 or more! (Right now, the government loses money on every penny it issues. My best guess is that the last two digits of the date have been worn away over time. If it does, your penny is worth about 15 cents as a novelty item. Most 1943 wheat pennies appear to be silver in color. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). Save my name, email, and website in this browser for the next time I comment. Take a close look at their condition. 1922 Silver Dollar Value: How Much Is It Worth Today? Preservation in a dry location has resulted in a collectible grade 1943 steel penny. Identify your coins using the image links. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. The usual 1 lb bags of Wheat Pennies include 148 coins, but it might vary. 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. Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. S San Fran. There were problems with the coins rusting quickly. A 1943 penny is unique in the numismatic collectible group of wheat cents. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? The first Lincoln pennies released came to be known as the Lincoln wheat penny, or Lincoln wheat cent, which featured two wheat stalks framing the writing on the reverse side. Value: The value ranges from $500 to around $1,900. Advanced collections choose from the many available in "like new" condition. Some vending machines rejected the steel wheat cents. Pricing the 1943 Lincoln Penny. I would like to sell would anyone be interested?? Thus, alternative metals were considered for minting coins. You can quickly distinguish them by the marks on the coin reverse. A grade defines its state of condition and is used by collectors to help judge its worth. - How much is a Silver Quarter worth? Many were pulled from circulation. Although it is not particularly rare, the 1943 steel penny is fascinating. Thus, 1944 steel cents are exceptionally scarce and command very high values. The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. Most wheat pennies in good condition will be worth about $10 on average and are fairly easy to find and purchase. 1944 US Mint Annual Report How do I know if my Wheat penny is worth money? (2023) 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! This post may contain affiliate links. Latest Offers, Straight To Your Inbox. Many 1943 steel cents ultimately corroded beyond recognition or were otherwise lost to time. 1943 steel cents capture interest of collectors. this coin is most sought after by collectors and is most valuable in any grade. The best way to determine its value would be to submit it to a third-party grading service such as NGC or PCGS. But very, very few of these left the U.S. Mint facilities. Victor D. Brenner designed the coin under the direction of Pres. 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. Since only about 40 exist on the market, they are tremendously valuable. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service. See the19 Most Valuable Pennies Ever Sold here. Most steel pennies are worth between 20 cents and 20 dollars. who wants them? 1943 "D" steel penny sells for around 2.68 in their best class. Real Experiences. And this is a good thing I love telling people the story behind 1943 pennies and what theyre worth! US Mint. I also have 1943 steel penny with no mint. Hi Mr: Joshua McMorrow Herdandez Date | Mintmarks | Condition are described and imaged with each series. A record price of $21,275 was fetched at auction for a MS67 D/D. That sure is a lot of money for an old penny, right? The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. It will also be impossible to distinguish the tiny details on the reverse, particularly the wheat grains that are almost unrecognizable. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? Other 1943 copper pennies routinely sell for $100,000 to $200,000. 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. The 1940 Wheat penny is made from 95% copper and 5% zinc & tin. The value of a coin varies according to many factors: metal content, purity, rarity, etc. 1943 S Lincoln Wheat Cent : Steel Cent - USA Coin Book Answer: Zinc-plated steel! 1944 Wheat Penny Value - A Complete Guide - Craftbuds An example of data being processed may be a unique identifier stored in a cookie. The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. Value: This Lincoln penny is worth around $1.50 and up to $1,800 if in mint condition. It would be txt. The Wheat Penny debuted in 1909 and production ceased in 1958, during President Eisenhowers term in office. Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. 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. Im not an expert anbit is not graded professionally. There is no right or wrong way to collect 1943 Lincoln cents. However, many in the public were less than thrilled with the alternative composition. Value: The value of this penny ranges from $35 to $1,200. 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. 1943 Steel Wheat penny DDR value chart. How Much is a 1940 Penny Worth? (Price Chart) - Something Borrowed The reason for such a coin was simple. D Denv. Manage Settings Valuable Lincoln Wheat Pennies List (1909-1958) - SD Bullion 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! Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. The incorrect use of brushes or cloth can cause unwanted scratches or tears. In 1943, 217,660,000 pennies came out from the Denver mint. ), 1943 copper penny is extremely rare and valuable. 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. 1944 Wheat Penny Value: How Much is it Worth Today? Grade 2020 Value; MS67: $1,586: MS65: $600: MS65: $528 #2 - 1943 Steel Penny D - $6,000. https://www.consumer.ftc.gov/articles/0136-investing-collectible-coins, Date by DateIn Depth Lincoln Penny ValueEarly Era 1909 to 1933, Date by DateIn Depth Lincoln Penny ValueSecond Era 1934 to 1958, Coin Value Guide | How to Value a Coin Collection. I have two 1944 penny's one with D mint one with no mint. You can also send photos once I've connected you. Upper surfaces are clearly flattened and smoothed. The 1943 copper penny is extremely rare and valuable. 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? But in high grades, a 1944 S Steel Penny once sold for $1,110,923, so your coin could be worth a million dollars! A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . Printable sheet to list and inventory your coins. Read more in our privacy policy. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. 1943 pennies are indeed steel. IMG_0058.PNG & IMG_0067.JPG will my coins still b worth anything if it looks like this 1943D wheat copper or bronze penny, Hello, Orlando -- This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray it may even appear rusty. It has lost initial shine, and nearly all relief has become flat. In low grades, a 1943 or 1944 penny is only worth its face value. Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. Also, click here to Learn About Grading Coins. These coins traditionally consisted mostly of copper and nickel. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For. The 1943 copper penny was an accidental manufacturing error. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. go on line and type in 1943 or 44 penny Value In fact, the very valuable "twin" to the rare 1943 copper cent was born in 1944. Many people even confused the steel pennies with silver dimes! - How Much is a Silver Dollar Worth? Most are worth only 2 or 3 cents. But first, lets discuss what those silver 1943 wheat pennies are made from. You can tell its made that way. Their value lies in their novelty. 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. 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. Join us today for FREE! Hey Daniel. 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. Also important to collectors is condition of a coin. Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. As you can expect, they are precious and expensive. Identity of Date and Mint Mark begins the process. I have one of these coinsif someone could email me and tell me what I have? The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Below is a list of the top 15 most valuable wheat pennies ever sold at auctions, according to PCGS: 1943-D Bronze Wheat Penny MS64BN - Sold for $840,000 in January of 2021; 1943-S Bronze Wheat Penny MS63BN - Sold for $504,000 in November of 2020; 1944-S Steel Wheat Penny MS66 - Sold for $408,000 in August of 2021; 1943 Bronze Wheat Penny MS62BN - Sold for $372,000 in February of 2021; 1958 Doubled Die Obverse Wheat Penny MS64RD - Sold for $336,000 in March of 2018; 1909 VDB VDB Proof Wheat Penny PR67+ - Sold for $258,500 in August of 2014; 1943 Lincoln Cent (Wheat Reverse) AU58 - Sold for $218,500 in January of 2010; 1944 Steel Wheat Penny MS64 - Sold for $180,000 in June of 2021; 1909-S VDB Wheat Penny MS67RD - Sold for $168,000 in April of 2022; 1914-D Lincoln Cent (Wheat Reverse) MS66+RD - Sold for $158,625 in May 2018; 1926-S Lincoln Cent (Wheat Reverse) MS65 - Sold for $149,500 in January of 2006; 1943/2-S Lincoln Cent (Wheat Reverse) AU58 - Sold for $138,000 in March 2004; 1914 Lincoln Cent (Wheat Reverse) Proof PR68 - Sold for $126,500 in April of 2008; 1917 Doubled Die Obverse Wheat Penny MS67+RD - Sold for $120,000 in March of 2019; 1944-D Steel Wheat Penny MS63 - Sold for $115,000 in August of 2007. I have 8 rolls of steel pennies If your 1943 penny does NOT stick to a magnet it may be a copper cent error that is worth $85,000 or more. Each combination is valued and listed on the chart. . Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. The Melt Value shown below is how . You will have no difficulties recognizing them because there is a noticeable gap between these two marks. The consent submitted will only be used for data processing originating from this website. While 1943 copper cents weigh about 3.11 grams and dont stick to a magnet, the more common steel cents (which weigh 2.7 grams) adhere to a magnet. Believe it or not, some are worth much more than that! In 1943, the US Mint switched from copper to steel to make pennies. 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 uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. Zinc, the outer coating, is prone to dulling if disturbed. A lighter shade of silver-grey highlights the design. If your 1943 penny DOES stick to a magnet, it is made from steel and is worth 10 to 50 cents. One without a mintmark is worth between $0.15 and $1. 1943 Steel (Silver) Penny: Background and Value - The Spruce Crafts So, their absence proves that the coin is intact. Hello, I am trying to figure out where do I share the photo, of my 1944 Penny minted in Philly andif it has any value? Best wishes, The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. You can quickly notice the double-printed mintmark on the coin surface. As always, there are also two inscriptions, the UNITED STATES OF AMERICA and E PLURIBUS UNUM. After a while, the coins quickly lost a zinc surface layer and were prone to rust. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. Most 1943 steel pennies that youll find in circulation are pretty well worn (and many that are worn exhibit rust). The error can be seen in the word Trust and on the date. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. No larges nicks distract the eye and rust is not present. With this list of Lincoln wheat penny values in mind, you can now be on the lookout for wheat pennies to add to your collection or earn a few extra dollars in case you spotted one of these in your spare change. Although pennies have been around since the late 1700s, the penny did not take its now-familiar form until 1909, when its design began featuring President Abraham Lincoln to celebrate the centennial of his birth, replacing the Indian head pennies in production at the time. Click here to Learn How to use Coin Price Charts. There is mint identification mRk. 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. Numismatists believe some bronze planchets were used by mistake. 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. Investing in Collectible Coins. Check your inbox or spam folder to confirm your subscription. You can call around and ask for a coin grading place. They look very convincing, although you can check the coin for authenticity with a magnet. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. Freeing up tons of copper for the war effort, the now famous steel coated zinc combination was developed. My love for coins began when I was 11 years old. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. While Copper Pennies, for instance, weigh 3,11 grams. Step one is to confirm exact Date and Mint Mark variety. Join us today for FREE! His temple, cheek, and jaw are smooth and flat on the highest ridges. For the best experience on our site, be sure to turn on Javascript in your browser. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). Noticeable is the major elements remain separated and none are connected due to wear. No minted mark means it is a P mint, Penn. No Mintmark Under Date: Philadelphia Mint Struck the Coin. Also, click here to Learn About Grading Coins. Due to their rarity, these coins are very valuable and continue to rise in value every year. 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. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek Since the US Mint was making pennies of this metal, it decided to contribute. However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set. One of the finest examples of this coin sold at Heritage Auctions on June 18th, 2021 for $6000. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. How Much is a 1961 Franklin Half Dollar Value Worth? Metal alloy of 1943 cents has a few considerations effecting its market acceptance. Looking for more? 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. Value: This penny is worth anywhere from 75 cents to as much as $900. 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. While 1943 copper cents weigh about 3.11 grams. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? If you do have one, it would be worth tens of thousands of dollars. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.34 in Average Condition and can be Worth $6.81 to $23 or more in Uncirculated (MS+) Mint Condition. Depending on how heavily circulated the coin is, you could get between 10 and $1. Their history is directly connected with WWII. 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! Additionally, the high copper content gives the coin a higher value than its face value. How Much is a 1943 Dime Worth? Some leftover copper planchets (sometimes mistaken for brass) were still in the presses from the previous year (1942) as the zinc planchets were loaded up. It's because the Denver mint made them in lesser numbers. Real Helpful. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. Click here to Learn How to use Coin Price Charts. If you buy thru these links, we may earn a commission at no additional cost to you. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. Otherwise, non-error steel cents are not in themselves rare. Prices have gone way up for the 1943 copper penny over the years. He officially announced the change in design that same year. Representing the only year of this composition, interest remains high. 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. I have a 1943 wheat penny, with a number three on the back side between the wheat? It did however present a few problems. These copper 1943 American pennies were struck and sent out with the initial batches of zinc 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. 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. In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. There are many valuable, rare pennies out there. Today, however, many coin collectors and non-collectors alike regard 1943 Pennies as something of a novelty. Some 1940 Lincoln proof pennies go for $25 or more. Thank you, Christie, first you would need to see if the penny sticks to a magnet. 1943-S Lincoln Cent Sells for $1 Million - The Spruce Crafts First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. 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. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. Identify date, mint and condition; a wide range of values is found and identified. As an Amazon Associate I earn from qualifying purchases.Privacy Policy | ContactCopyright document.write("2018 - "+new Date().getFullYear());LostTreasureHQ.com. Rare coins such as the 1909-S VDB and 1914-D are the "Holy Grails" of any Lincoln Wheat cent collection. a UNC. 1943 Copper Penny Value: How To Tell If You Have The Rare 1943 Penny 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. Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! Darker tones of grey within the fields highlight lighter tones of the devices. Understanding this, the value of a 1943 Lincoln will vary based on its type. | Melt Value? Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. Thanks to the high production, you will effortlessly find a specimen for your collection for a very affordable price. * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins. November 17, 2021 at 8:54 am. The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. As mentioned above, 1943 copper pennies are rare and valuable. I have a 1943 steel wheat penny that is in beautiful condition very shiny looks like a new dime no marks perfectly ledgable!! 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). Zinc, the protective coating, when worn, exposed underlying steel. Yes! 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) . A step by step method combined with the coin value online guide identifies how to value a coin collection. Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. Be on the lookout for the ultra-rare 1909-S VDB. The first of these was reported within a few years. You can use the upload file icon below the text entry box, or post in our forum. It is known that only about 40 copper pennies were minted in 1943, so they are considered exceptionally rare on the current coin market. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Even though this penny is different, it is not particularly rare. Expert's Assistant: The Appraiser can help. Be less concerned with completing your collection and pay more attention to acquiring high-grade quality coins. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. 1945 Penny Value: See What 1945 Wheat Pennies Are Worth & What Makes Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. Richard. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. They are worth a considerable amount over theircoppermelt value due to their numismatic interest. Historic value is high. Nowadays, most of them are worth only a bit more than their face value. The following list contains the most valuable wheat pennies that were issued into circulation. JavaScript seems to be disabled in your browser. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. Thank you in advance any help would be greatly appreciated ?? Where can I get this misprint evaluated?
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