The reason for the change from Bronze to Zinc was to do with the US war effort that year. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. and non V.D.B. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. S San Fran. However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set. You can also send photos once I've connected you. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? These coins are frequently counterfeit or altered from common wheat pennies. Grading condition is guided by standards. 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. Today, however, many coin collectors and non-collectors alike regard 1943 Pennies as something of a novelty. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. 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. There are few vintage coins as widely collected as the 1943 steel Lincoln penny. Thus, alternative metals were considered for minting coins. Victor D. Brenner designed the coin under the direction of Pres. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. Real Helpful. Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. If you have one in an MS 68 rating, you can sell it for $3,500. Go on line and type in 1943 P, D or S pennies value All Wheat Pennies are worth at least three times face value, but of course many are worth substantially more especially the key date Wheat pennies. The military industry was run out of copper necessary for making castings. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. (Spoiler alert: a1943 silver wheat penny isNOT made from silver!). You will have no difficulties recognizing them because there is a noticeable gap between these two marks. As mentioned above, 1943 copper pennies are rare and valuable. How Much is a 1943 Dime Worth? One of the finest examples of this coin sold at Heritage Auctions on June 18th, 2021 for $6000. Darker tones of grey within the fields highlight lighter tones of the devices. Lincoln's portrait shows evidence of wear confined to just high points. However, there are still millions of collectible 1943 pennies out there. Due to their high value for coin collectors, there are lots of fakes around. For the best experience on our site, be sure to turn on Javascript in your browser. 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. I also have a very beautiful 1943 wheat penny without the mint mark. 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. (Price Chart). Jump to: What is a Wheat Penny? It just recently sold at Heritage Auctions on January 20th, 2021 for $840,000. One of the most unusual American pennies was the silver-colored coin minted in 1943. Preservation in a dry location has resulted in a collectible grade 1943 steel penny. 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. While Copper Pennies, for instance, weigh 3,11 grams. The value of a lightly circulated 1943 steel penny ranges from 20 cents to 50 cents. And in very good condition. Thank you, Christie, first you would need to see if the penny sticks to a magnet. Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. I kept it and put it in the fold and staple. *by CoinStudy Specific 1943 Penny 1943 Copper Lincoln penny Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. Where can I get this misprint evaluated? Saving at the time contributes to the supply today. Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. Even though they are pretty common these days, most collectors want to include them in their collections. If your 1943 penny DOES stick to a magnet, it is made from steel and is worth 10 to 50 cents. Therefore, it replaced copper in pennies with zinc-coated steel. High areas to check are Lincoln's beard and hair. 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. An act of Congress in 1942 approved a provisional 35% silver composition for the nickel. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. Click here to learn how to use coin price charts. As a result, the first produced coins contained both metals and got reddish-yellow color. Fine This penny was in circulation for a while but without much damage. Read more in our privacy policy. A distinct merging of Lincoln's hair and forehead is visible. It is worth significantly more than its face value in any condition. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. 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 their fine class, it will earn you 0.50 USD; in their excellent state, the coin sells for 0.68 USD. CSSocialMedia says. According to USA Coinbook, a circulated 1943 Philadelphia minted steel penny is worth between 10 and 55 cents, whereas an uncirculated coin is worth between $2.74 and $10. ), on the reverse side, and the other did not. These are rare pennies to look for in . There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. Any suggestions where I can sell them, I am interested in them if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-large-leaderboard-2','ezslot_9',107,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-large-leaderboard-2-0');Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. The United States Mint eventually acquiesced to the concerns of the public. Denver 1943 cents are in demand because of their uniqueness. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. It did however present a few problems. * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins. 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. But it is advisable to use proper coin cleaners. Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! You can quickly distinguish them by the marks on the coin reverse. - Silver Price $331 Outside COMEX Trading Hours? Even if you didnt, your 1943 steel pennies are still neat coins and theyre historic relics from the World War II era. November 17, 2021 at 8:54 am. Often they are reprocessed (stripped and recoated) pieces assembled in plastic display cases. 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: the 1943 bronze Lincoln Wheat Penny. Yes! The reason is that the 1943 copper penny is an error coin. Can you give me an advised or guide me in the right dirrection to find out more about my coin collection. Tod Lock says. Most 1943 steel pennies that youll find in circulation are pretty well worn (and many that are worn exhibit rust). No areas of wear form connections to each other. Although market prices have eased over the last few years, this renewed interest has kept values and prices pretty stable over time. As a result, the 1943 penny is very low on the rare coin scale. These are numismatically worthless since they are altered coins. Check your inbox or spam folder to confirm your subscription. How Much is the 1943 Steel Penny Worth? The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. I would bet 1,000 each time it would be an 8 or higher. 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. That initial year had two versions. 1943 steel cents capture interest of collectors. A grade defines its state of condition and is used by collectors to help judge its worth. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). 1944 Lincoln Wheat Penny Value Guide. 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. 1909, 1910, 1911, 1912,1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924, 1925, 1926, 1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958. 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. Real People. The incorrect use of brushes or cloth can cause unwanted scratches or tears. 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! The first thing to address is that 1943 steel cents are not at all rare. There were problems with the coins rusting quickly. Their history is directly connected with WWII. But in high grades, a 1944 S Steel Penny once sold for $1,110,923, so your coin could be worth a million dollars! The all-time record price for a 1943 bronze cent is $1.7 million. Also, click here to Learn About Grading Coins. Very few of these pennies were minted and released into circulation. Identify date, mint and condition; a wide range of values is found and identified. 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. For one, there were up to 3 different types of coins produced each year. Richard. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. A record price of $21,275 was fetched at auction for a MS67 D/D. 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. However, it could also be the result of excessive wear to the reverse of the coin. As you tilt the coin under a light confirm no breaks in shine are evident. Otherwise, non-error steel cents are not in themselves rare. Value: Values range from $350 to about $12,000 for this coin. Wheat pennies refer specifically to Lincoln Cents produced from 1909 to 1958. There are only 7 known 1944-D steel pennies in existence. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. Below is how much the coin is at various numismatic levels: This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. Latest Offers, Straight To Your Inbox. Theodore Roosevelt was on a mission to redesign our nation's coinage. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Over 684 million of these zinc coated steel coins were produced. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Collector preference are coins without rust. Looking to see how much your wheat penny is worth? - Another California Bank Fails Over The Weekend. It is known that only about 40 copper pennies were minted in 1943, so they are considered exceptionally rare on the current coin market. 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. A record price of $21,275 was fetched at auction for a MS67 D/D. Since most people were used to pennies made of copper, this piece was a real surprise at that time. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition.
