But if I an 10 others were to put a grade on it from 1-10. Rest . 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. | Melt Value? Tod Lock says. Therefore, collect coins in the highest grade that you can afford. 1943 Steel Penny Values Chart 2023 (Up to $348,000) Desirable is a complete coating of zinc. Value: This penny is worth anywhere from 75 cents to as much as $900. In 1943, three mints produced this penny: These three mints struck over 1,000,000,000 Lincoln steel pennies in 1943. As a result, the 1943 penny is very low on the rare coin scale. A lighter shade of silver-grey highlights the design. 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! S San Fran. This paved the way for an emergency composition for the one-cent coin as well. 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. ), Top 21 Most Valuable 2000 P Sacagawea Dollar Coin Worth Money, Top 19 Most Valuable Mexican Coins Worth Money, The Philadelphia mint produced the 1943 penny that typically has no mint mark, The San Francisco mint produced the 1943 penny with an S mint mark, The Denver mint produced the 1943 penny with a D mint mark. Values of these steel pennies is greatly reduced by the problems rust creates. Even though this penny is different, it is not particularly rare. These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. 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. In 1943, the US Mint switched from copper to steel to make pennies. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. Their values are based on the latest deals and market updates. It is the 5th highest number of all the pennies made in this mint. You can call around and ask for a coin grading place. The 1943 steel cent was produced during the height of World War II. You can sell wheat pennies to local or online coin dealers, in auction houses, online websites such as eBay, coin shows, or pawn shops. Latest Offers, Straight To Your Inbox. 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. One version had the engraver's initials, Victor David Brenners (V.D.B. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. 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. | Melt Value? Hi Jules. How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor It is important to judge your coin against both the images and descriptions. Join us today for FREE! Today, 1943 copper wheat pennies are among the most valuable Lincoln pennies. While there is no known mintage figure for the 1943-D/D Lincoln cent, its estimated that perhaps 3,000 to 5,000 examples may exist across all grades. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. A popular counterfeiting method is to plate a steel cent with copper. Another scam involves the 1948 penny. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. 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. A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . if that, sorry I have a 43 s copper looking penny on one side, steel on the other. You can see them on Lincolns portrait relief, particularly on high spots like hair curls. 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. As a result, the first produced coins contained both metals and got reddish-yellow color. Even though they are pretty common these days, most collectors want to include them in their collections. In fact,1943 copper wheat pennies are usually worth $100,000 or more! Since most people were used to pennies made of copper, this piece was a real surprise at that time. 1944 Lincoln Wheat Penny Value Guide. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-leader-2','ezslot_11',111,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-2-0');A strange minting anomaly also occurred in 1943 which saw the production of a handful of copper/bronze wheat pennies across all three mints. 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. . Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. Good The coin with this rating was in circulation for a long time and has shown severe damage signs. The incorrect use of brushes or cloth can cause unwanted scratches or tears. The small batch of 1943 bronze wheat pennies that were minted in Philadelphia, San Francisco and Denver are now among the most valuable Lincoln cents on the market for collectors. The officialU.S. Mintname for the coin is the cent, and the official U.S. Treasury name for it is one-cent piece.. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. Until recently, mint marks were punched by hand, and thus the position tended to vary slightly. So the 1943-D Wheat Penny that was accidentally struck in copper ended up being quite . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. Most wheat pennies in good condition will be worth about $10 on average and are fairly easy to find and purchase. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. 1943 D Lincoln Wheat Cent : Bronze/Copper - USA Coin Book How do I know if my Wheat penny is worth money? (2023) I would like to sell would anyone be interested?? Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. (Right now, the government loses money on every penny it issues. How Much is a 1940 Penny Worth? (Price Chart) - Something Borrowed The best bullion deals straight to your inbox. This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. An act of Congress in 1942 approved a provisional 35% silver composition for the nickel. The United States Mint started its production in January of the following year. Preservation in a dry location has resulted in a collectible grade 1943 steel penny. Does anyone think the mint will change the composition of the penny again? Some valuable errors from this year include a Philadelphia minted MS66 penny struck on a dime planchet which sold at Heritage Auctions for $8,400. Grading condition is guided by standards. These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. I have a collection of coins. Typical examples in uncirculated condition usually realize $1 to $5. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? 1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here 1943 Steel Wheat Penny Worth a Million Dollars - Craftbuds 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. Evidence of both rust and oxidation are visible on the example coins. Expert's Assistant: Is there anything else the Appraiser should know before I connect you? Richard. Nevertheless, checking the 1943 Penny value is advisable, particularly if you have a bronze piece or one with an error. Very interesting site and looking for the value of a 1943 penny unminted. Also, click here to Learn About Grading Coins. Value: Values range from $350 to about $12,000 for this coin. A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. The 1942 Wheat penny has high value as a numismatic coin and gem in pristine condition. The Philadelphia mint produced 684,628,670 pennies in 1943. Here's a rundown on 1945 penny values and mintage figures for the different 1945 pennies so you can see how many were made: 1945 penny (no mintmark, made in Philadelphia) 1,040,515,000 minted; worth 2 to 5+ cents; 1945-D penny (struck in Denver) 266,268,000 minted; worth 3 to 5+ cents; 1945-S penny (produced in San Francisco) 181,770,000 minted; worth 5 to 10+ cents An higher quality MS62BN sold in 2021 for $372,000, while the finest known MS63RD was sold privately for over one million dollars to an anonymous collector in 2018. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. Even if you didnt, your 1943 steel pennies are still neat coins and theyre historic relics from the World War II era. Their steel counterparts are much more common. Another California Bank Fails Over The Weekend. a #8 might get you #1 maybe ? Another disadvantage was the similarity with Dimes. Since only about 40 exist on the market, they are tremendously valuable. As the Lincoln Wheat Cents were produced for 50 years, some mintages and variations are rarer than others, therefore, extremely valuable to collectors. During World War II, the war effort required a lot of copper to make shell casings and munitions. Pricing the 1943 Lincoln Penny. There were problems with the coins rusting quickly. The error can be seen in the word Trust and on the date. An example of data being processed may be a unique identifier stored in a cookie. Believe it or not, some are worth much more than that! 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? This set is commonly sold in mass-market offerings. Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. My best guess is that the last two digits of the date have been worn away over time. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. Given their novelty, they also make great gifts. Don't be the last to know about the latest deals Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. Their value lies in their novelty. Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. Hey Glenn. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. If youve gotten to this point in the article, youre probably still curious what a 1943 steel wheat penny is worth. Identify date, mint and condition; a wide range of values is found and identified. Quality of the surfaces is noted as quickly fading. This post may contain affiliate links. 1943 "D" steel penny sells for around 2.68 in their best class. "D" Mintmark Under Date: Denver Mint Struck the Coin. 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. Placing an accurate value on your 1943 penny follows a step by step process. Yet the coin has a vital connection to an international historical event. Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. 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. The all-time record price for a 1943 bronze cent is $1.7 million. 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. Josh. Any suggestions where I can sell them, I am interested in them These are worth, A lightly circulated 1943 steel penny is generally worth, The uncirculated 1943 steel penny value usually ranges from about, Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth. Coins are worth at least their face value. versions. These coins are struck from a zinc coated steel alloy. Continue with Recommended Cookies. D Denv. Litvak-American sculptor Victor David Brenner inherited the task. There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. If it does, your penny is worth about 15 cents as a novelty item. Don't be the last to know about the latest deals and new product arrivals. You're right, the grading fees will likely cost more than the coins are worth. Also, click here to Learn About Grading Coins. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. My love for coins began when I was 11 years old. That change made this penny look like a silver coin, setting it apart from all the pennies ever minted before.
Why Did France Sell Louisiana, Olay Products Expiration Date, Articles H