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. Most 1943 wheat pennies appear to be silver in color. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. One version had the engraver's initials, Victor David Brenners (V.D.B. Searching for error coins continues to be a growing hobby. The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. Hey Daniel. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. this coin is most sought after by collectors and is most valuable in any grade. Zinc exposed to moisture forms a white soft power, zinc oxide. Thank you, Christie, first you would need to see if the penny sticks to a magnet. Some vending machines rejected the steel wheat cents. 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) . The best bullion deals straight to your inbox. 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. I have a 1943 wheat penny, with a number three on the back side between the wheat? These copper 1943 American pennies were struck and sent out with the initial batches of zinc coins. | How much is a Wheat Penny worth? Tod Lock says. 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? The value of a coin varies according to many factors: metal content, purity, rarity, etc. As a result, the 1943 penny is very low on the rare coin scale. These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. Secondly, once the new metal composition was released into circulation rust and oxidization was now a new consideration to collectors in judging qualities of these coins. Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. These are numismatically worthless since they are altered coins. How Much is a 1943 Dime Worth? 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. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. Fine This penny was in circulation for a while but without much damage. Placing an accurate value on your 1943 penny follows a step by step process. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. 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. This post may contain affiliate links. Hi Judith. And in very good condition. Since the US Mint was making pennies of this metal, it decided to contribute. 1943 Lincoln Wheat cent, steel composition. Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? Typically sold in sets of three to include Philadelphia, Denver, and San Francisco issues. 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. If you buy thru these links, we may earn a commission at no additional cost to you. Any wheat penny is worth at least 4 cents to most dealers. As illustrated in the photo in the link below, themint markis located on theobverseof the coin,just below the date. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. I was wondering is my US cent from 1943 and 1944s are worth any money. This comment section is dedicated more to general commenting. 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+ The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. Matching your coin to grading images gives a good indication of its condition. Hey Glenn. However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set. Therefore, collect coins in the highest grade that you can afford. Best wishes, If the coins show any signs of wear, they are probably worth around $1. 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. Deterioration is a concern, rusting of the underlying steel is accelerated once the outer protective zinc is worn and removed. Value: This Lincoln penny value varies from 75 cents up to $1,000. The Melt Value shown below is how . 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. My best guess is that the last two digits of the date have been worn away over time. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. This article will answer the two key questions about the Lincoln wheat pennies: What are the most valuable wheat pennies tocoin collectors(i.e. You can quickly notice the double-printed mintmark on the coin surface. Value: This penny is worth anywhere from 75 cents to as much as $900. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor However, it could also be the result of excessive wear to the reverse of the coin. How Much Is A 1943 Wheat Penny Worth? - Lost Treasure HQ Date and mint mark collecting are a main focus to collections. That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. Many people even confused the steel pennies with silver dimes! 1943 Steel Penny Value: How Much They Are Worth Now - Gainesville Coins It is now part of The Dazzling Red Collection of Lincoln Wheat Cents owned by this unnamed collector. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. Have A Silver Penny Thats Not A 1943 Steel Cent? How Much Is A 1986 Quarter Worth? Find The Value Of Your 1986 Quarters and new product arrivals. You should always check the zinc oxidation levels. Manage Settings 1943 Steel Wheat Penny Worth a Million Dollars - Craftbuds Federal Trade Commission. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The reason for such a coin was simple. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. I would bet 1,000 each time it would be an 8 or higher. No larges nicks distract the eye and rust is not present. Where can I get this misprint evaluated? What Is a Wheat Penny and How Much Are They Worth? However, there are still millions of collectible 1943 pennies out there. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. Circulation wear has removed only small portions of the outer zinc coating. I also have 1943 steel penny with no mint. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. It just recently sold at Heritage Auctions on January 20th, 2021 for $840,000. But chances are any of the Lincoln Wheat cents you've found in pocket . But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Litvak-American sculptor Victor David Brenner inherited the task. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. and non V.D.B. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. However, copper and nickel were also integral in making coins. Step one is to confirm exact Date and Mint Mark variety. The wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. A quick glance at eBay shows where uncirculated BU rolls of 50 1943 steel pennies are only selling for $50 to $100 per roll. Altered 1948 Lincoln Cent If your 1943 copper colored penny doesn't stick to a magnet, then use a magnifying glass to look at the date. 1943 Steel Penny Value: How Much is it Worth Today? - Something Borrowed 1943 S Lincoln Wheat Cent : Steel Cent - USA Coin Book However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. Second step, is an appraisal of condition. Yes, a copper 1943 penny really is worth an average of $85,000. Importantly in this condition a strong eye appeal is projected by both coins. Often they are reprocessed (stripped and recoated) pieces assembled in plastic display cases. 1943 D Penny Value In 1943, 217,660,000 pennies came out from the Denver mint. That sure is a lot of money for an old penny, right? The second penny is worn to the point design elements are beginning to connect. Their values are based on the latest deals and market updates. Discover how much your box of old coins is worth. It's because the Denver mint made them in lesser numbers. Continue with Recommended Cookies. The United States Mint accidentally used the wrong planchet metal when striking the coin. CSSocialMedia says. The scammer attempts to file down the 8 in the date to look like a 3. Join us today for FREE! The all-time record price for a 1943 bronze cent is $1.7 million. A better than average 1943 cent stands out over lesser condition coins. If you do have one, it would be worth tens of thousands of dollars. 1943 Copper Penny - Spotting a Fake - The Spruce Crafts 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. (Price Chart), 10+ Rarest State Quarter Errors Lists (Worth Much Money!!! It will bring you to a site were the P,D and S mints are. If it does, your penny is worth about 15 cents as a novelty item. How Much is a 1942 Wheat Penny Worth? (Price Chart) - Something Borrowed 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. Thus, it is safe to say that the coin is pretty common in numismatic terms. Thank youy76hghy 1943 Lincoln Wheat Pennies Values and Prices - CoinValues.com
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