Indepth overview and values of the lincoln wheat penny, first produced by the u. The government used steel for penny production during world war ii to conserve copper for the wars shell casings. Is it true that the 1943 wheat penny silver is rare and. In regard to recent inquiry, please be informed that copper pennies were not struck in 1943, the response read. It was a nice way to mark my husbands special day, wellreceived and appreciated. The steel penny display is nicely done, good quality, and a unique gift for someone born in 1943. Most 1943 steel pennies that youll find in circulation are pretty well worn and many that are worn exhibit rust.
In this guide, i cover seven valuable pennies that are still found in circulation today. As of 2015, the value of circulated a 1943 steel penny is between 12 and 15 cents, and a coin that is uncirculated is worth as much as 50 cents. The 1943s copper lincoln wheat penny made from several methods, this penny is one of five in total and really worth having pcgs facts this is the coin you want to be on the lookout for, whether youre a coin enthusiast or someone who wouldnt mind hundreds of thousands of dollars. As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. See more ideas about wheat penny value, penny values and valuable pennies. If it was in circulation long enough, the zinc coating completely wore off, and the steel underneath would start to show through. The following table lists the buy price what you can expect to pay to a dealer to purchase the coin and sell value what you can expect a dealer to pay you if you sell the coin. I have heard that 1943 steel pennies are worth a lot of money. If the penny has a silver color, it is made out of steel with a zinc coating to make it look nicer and protect it from rusting. Mint, 40 of these 1943 copper pennies remain in existence. A 1943 penny that sticks to a magnet a regular 1943 steel cent is worth about 15 to 50 cents in typical circulated grades.
Old coins available now, english, british and other coins from around the world. Value penny may feel like a essential store for some, does not fall under the category of essential stores. I was also told it was made of silver during the war because there was a shortage of copper. The value of a true 1943 copper canadian penny is worth a lot more than you will probably imagine. Earlier this year, an ordinary looking penny made headlines when it was found among the possessions of a man named don lutes. Rarity impacts the value of a 1943 coin, and rarer coins include those that used. Is it true that the 1943 wheat penny silver is rare and or possibly worth money. A regular 1943 steel penny is worth only a few cents. Even keep track of your coin collection in an online database. Mint made pennies out of steel, then coated them in zinc for extra shine. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. If the coin is in poor condition, it is valued toward the lower amount. To conserve this important resource, the treasury department authorized the u. The answer depends on the composition of the 1943 penny.
Visit the free world coin price guide on to get coin details and prices for australia penny coins. The lincoln cent in 1943 copper was a strategic metal in 1943 and a major component used in the manufacture of shell casings, telephone wire, and other wartime necessities. The 1943 silver colored penny is a wartime coin issue made of steel and coated with zinc. Even if youre not into coin collecting, heres a list of rare 1943 pennies you should hold onto. In order to tell if it is actual copper, put a magnet to it, if it sticks, it is not. When it comes to determining the value of a coin like the 1943 lincoln, this is something that will depend on a few different factors. Heres a rundown of the various types of 1943 wheat pennies and their values. Copper penny pieces from 1943 is worth thousands of dollars. Rare penny found among lunch money change could go for up. Even if your 1943 penny is made of steel, it could be worth more than its face value.
It is probable that you actually have one of the thousands of fakes produced since the first time a copper 1943 was included in a red book and the unscrupulous community saw an. Critical goods were ration to american citizens using coupon books issued by the. Look up coin prices and values to see how much your collection is worth. What is the value of a 1943 black wheat penny answers. Twelve of these pennies exist and a few of them are still in circulation, so it is worth keeping. The philadelphia, denver, and san francisco mints each produced these 1943 lincoln cents. Value of a 1943 steel penny they are worth about 10 to cents each in circulated condition, and as much as 50 cents or more if uncirculated. I found a silver 1943 wheat penny,and i was told it was very rare and may be worth money. Discussion in coin chat started by khmer, jun 12, 2010. In fact, a steel 1943 penny is worth up to 50 cents. The unique composition of the coin lowgrade steel coated with zinc, instead of the previously 95%copperbased bronze composition has led to various nicknames, such as wartime cent, steel war penny. As these babies are now turning 70, it makes a creative, meaningful birthday gift for this calendar year. So now that you know all about the 1943 penny value, did you strike it rich with your. Heres a rundown of the various types of 1943 wheat pennies and their values 1943 steel penny 684,628,670 minted.
While the original edition pennies from 1909 can have significant collectable value, other editions of the lincoln penny can be highly desired by coin collectors as well. In 1943 the penny was made out of zinc plated steel to save copper for the war effort which is. In addition to learning more about the valuable 1943 wheat penny, weve also got some tips to help you find out the value of all 1943 coins. The 1943 copper wheat penny is an extremely rare coin. Full roll of 1943 circulated steel pennies by us mint. Rare pennies you should hold onto including the 1943 penny.
Coin value prices, price chart, coin photos, mintage figures, coin melt value, metal composition, mint mark. Rare 1943 penny is worth thousands of dollars simplemost. I was also wondering were i might be able to find more info. At the time it was made, almost all pennies were minted using zinc.
Theres only one known example of a 1943 lincolnd penny struck in bronze alloy instead of the zinc plated steel bronze and copper were being saved to fill metal shortages during world war ii. During world war ii, the war effort required a lot of copper to make shell casings and munitions. The ever popular lincoln wheat penny was first produced by the u. For one, there were up to 3 different types of coins produced each year.
What is the value of a 1943 steel penny you will be happy. They are unbelievably rare and very few passed inspection. Approximately 30 to 40 1943 pennies were inadvertently struck on 1942 bronze coin planchets. Mint to strike all 1943 lincoln cents on zinccoated steel planchets, rather than the. As you may have heard, memphis mayor has issued a stay at home order. Complete 194158 lincoln wheat cent set includes 1943 steel cents. Connect with dealers, other coin collectors and put coins up on your wishlist look up coin prices and values and ask for coins on your wishlist to make offers for. What is the value of a rare 1943 copper wheat penny. We open normal time and will close early on tuesday march 24, 2020 at 6. Find out if you have one of these rare 1943 pennies. The 1943 steel cent is so common and low in value that no one bothers making fakes.
Ten of the most valuable pennies worth searching for in. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. As of 2010 this coin was worth 200,000 dollars and i am sure since then this coin has only increased in value and will. Wikimedia commons unfortunately, the 1943 steel penny was a lessthanbrilliant idea. Buy full roll of 1943 circulated steel pennies by us mint. Hello value penny shopper, i hope you are all safe during this time. There are only about 40 of these out there that are actually know of. When determining the value of your 1943 steel penny you need to look at the mintmark as well as the condition of the coin. Unlike lincoln cents made from 1909 to 1942, which are 95 percent copper and 5 percent tin and zinc, lincoln cents from 1944, 1945, and 1946 were made with a. All 1943 pennies are worth more than their face value, but how much more is the question a lot of folks want to know the answer to. Complete 194158 lincoln wheat cent set, inc 1943 steel starter collection. While 1943 steel pennies are about as common as any other 1940s lincoln cent, there is one variety from 1943 that stands out for its rarity. Coin grade paints the pennys condition and is dependent on luster, surface scars and marks, and motif quality. Because the face value of the coin is still 1 cent, you would get only that amount for it if you exchanged it as currency at a bank or store.
Usa coin book an easy and simple way to buy, sell, auction off and keep track of coins online. Click on any of the boxes to see much larger images. Shop 1943 lincoln steel penny ms65 pcgs and more authentic and. Understanding this, the value of a 1943 lincoln will vary based on its type.