But it is advisable to use proper coin cleaners. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. Central Banks Lead the Way In Massive Gold Bullion Buying, Another Major Bank Teeters - Deutsche Bank. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. PS: never send in your coins by mail or leave them there to be looked at. Well, lots of 1943 steel wheat pennies still survive and that means there are plenty to go around to satisfy the needs of coin collectors. 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. Unique in US mint history, three varieties of these 1943 cents were struck. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. Some 1940 Lincoln proof pennies go for $25 or more.
Valuable Lincoln Wheat Pennies List (1909-1958) - SD Bullion Even though they are pretty common these days, most collectors want to include them in their collections. 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! Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. Don't be the last to know about the latest deals
The consent submitted will only be used for data processing originating from this website. | How much is a Wheat Penny worth? These coins come from the San Francisco Mint and initially received the designers initials on the obverse of the coin, but after some review, they were repositioned to the reverse. But first, lets discuss what those silver 1943 wheat pennies are made from. The reason is that the 1943 copper penny is an error coin. He officially announced the change in design that same year. These coins traditionally consisted mostly of copper and nickel. Thus, alternative metals were considered for minting coins. A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . 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. Values of these steel pennies is greatly reduced by the problems rust creates. A standard method is used to located how much its worth on the chart. When it comes to evaluating 1943 Lincoln cents, the duo of a magnet and gram scale has broken many hearts and burst many bubbles over the years. Very popular with collectors. ), on the reverse side, and the other did not. 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. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. How much is a Silver Quarter worth? Best wishes,
How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor This global conflict saw the United States military's involvement from 1941 through 1945. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? You can recognize only Lincolns profile, while almost all the details have merged. A litany of tests and patterns followed for the emergency composition, including plastic and glass. Value: This penny is worth anywhere from 75 cents to as much as $900. These are worth around $85,000 or more! 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.
1943 Steel Penny: Value and History Explained - SD Bullion Most 1943 wheat pennies appear to be silver in color. 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 scammer attempts to file down the 8 in the date to look like a 3. 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). This was accomplished by using copper shell casings gathered from military training facilities.
1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here For example, one 1943-D copper penny commanded a whopping $1.7 million when it sold at an auction in 2010. What needs to be remembered, though, is that 1943 steel Pennies are not rare in fact, they are quite common, with more than 1 billion produced across all three mints operating in 1943: Philadelphia, Denver (D), and San Francisco (S). A light sliver grey is their normal appearance when worn, standing out and easily spotted. You can tell its made that way. "S" Mintmark Under Date: San Francisco Mint Struck the Coin. People often mistakenly replaced these two coins for similarity and lost nine cents per piece when paying something. These coins are frequently counterfeit or altered from common wheat pennies. The penny is more valuable than the one made in Philadelphia without a mint mark. Step one is to confirm exact Date and Mint Mark variety. 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+ Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition.
Due to their high value for coin collectors, there are lots of fakes around. Place higher grade coins in individual holders. The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. Many were pulled from circulation. You can quickly notice the double-printed mintmark on the coin surface. It has lost initial shine, and nearly all relief has become flat. In 1943, the US Mint switched from copper to steel to make pennies. | Melt Value? Michael is passionate about personal finance, side hustles, and all things geeky. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. A bold D is embossed on the reverse, and the other D is less visible and positioned closer to the coins left edge. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. In 1943, 217,660,000 pennies came out from the Denver mint. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. How Much is a 1943 Dime Worth? But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Many people even confused the steel pennies with silver dimes! You can call around and ask for a coin grading place. From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. Any value? CSSocialMedia says. 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. all circulated and in good plus condition. Real People. And, sure, that makes sense. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. 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. 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. There is no right or wrong way to collect 1943 Lincoln cents. Guarenteed. I have a collection of coins. If it does, your penny is worth about 15 cents as a novelty item. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. Discover how much your box of old coins is worth. The first thing to address is that 1943 steel cents are not at all rare. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. | Other Wheat Pennies to look for. I buy coins in the mail and they are tracked to my address, but 50% of the time I get them and 50& of the time I dont. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. Many coins removed from circulation have only touches of wear retaining a pleasing appearance. 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. This article will answer the two key questions about the Lincoln wheat pennies: What are the most valuable wheat pennies tocoin collectors(i.e. Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. Click here to learn how to use coin price charts.
Join us today for FREE! You can consider yourself lucky if you have a copper specimen of this penny in your coin collection. 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.
I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? But very, very few of these left the U.S. Mint facilities. One of the most unusual American pennies was the silver-colored coin minted in 1943. Anyway have a great day everyone out there. His temple, cheek, and jaw are smooth and flat on the highest ridges. 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. Hi Jackie. The all-time record price for a 1943 bronze cent is $1.7 million. 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. 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. Are you concerned the precious metals train has left the station without you. They are worth a considerable amount over theircoppermelt value due to their numismatic interest. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. This coin's exact value is determined by its current condition and rarity. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. 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! Click here to Learn How to use Coin Price Charts. In fact, with the exceptions of major errors and varieties, no Lincoln wheat penny struck after 1933 is worth more than 10 cents in worn condition. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. Manage Settings These pennies are now worth a lot of money because they are rare. Saving at the time contributes to the supply today. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. Im not an expert anbit is not graded professionally. Found in a wide range of conditions, desirable examples are absent of both rust from the steel core and discoloration of the zinc. With this coin, the S was originally punched horizontally and was re-punched vertically. As a result, the first produced coins contained both metals and got reddish-yellow color. 1943 penny value reflects its unique status within the Wheat cent series. One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. November 17, 2021 at 8:54 am. These are numismatically worthless since they are altered coins. This set is commonly sold in mass-market offerings. Originally, Brenner's signature appeared on the obverse of the coin. Does anyone think the mint will change the composition of the penny again? Date | Mintmarks | Condition are described and imaged with each series. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. And in very good condition. President Theodore Roosevelt commissioned a revamp in the American coinage at the time. Freeing up tons of copper for the war effort, the now famous steel coated zinc combination was developed. The United States Mint first minted the Lincoln Wheat penny, or "Wheatie" as they are sometimes called, in 1909. 1943 steel cents capture interest of collectors. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. Believe it or not, some are worth much more than that! In 1943, World War II was in full swing. The images aren't coming through unfortunately. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. Identify your coins using the image links. Hi Kelli. While Copper Pennies, for instance, weigh 3,11 grams.
Rare 1943 Penny Sells for Six Figures: How To Tell If You Have One Too This minor release of coins resulted in the exceedingly scarce 1909-S VDB Lincoln's penny. Additionally, the high copper content gives the coin a higher value than its face value. My love for coins began when I was 11 years old. A lighter shade of silver-grey highlights the design. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. As previously mentioned, the debut year had V.D.B. Yes! This may come as something of a surprise to the many who believe these coins are quite valuable.
1943 Copper Penny - Spotting a Fake - The Spruce Crafts However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. Here are five that are valuable due to these kinds of errors in the manufacturing process. Lincoln Wheat pennies are one of the most popular series of U.S. coins that coin collectors strive to build a complete set. Hi Michael I have several the UNC. Brenner's initials would be brought back in 1918, but they were much smaller and were placed on the front of the coin near Lincoln's shoulder. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. 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. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. For all these reasons, the US Mint decided to reuse copper for producing pennies in 1944. 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. Just wondering if u have any info about it. - Central Banks Lead the Way In Massive Gold Bullion Buying, - GOLD: Highest Month & Quarter Settlement, - Another Major Bank Teeters - Deutsche Bank, Get the latest deals and news!
Subscribe to our mailing list.. These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. Wheat pennies refer specifically to Lincoln Cents produced from 1909 to 1958. Value: This coin ranges in value from about 35 cents to $3,000 if in mint condition. Luster and its texture remain intact to reach the uncirculated grade. This example was well preserved over time. Therefore, collect coins in the highest grade that you can afford. "D" Mintmark Under Date: Denver Mint Struck the Coin. Value: Values range from $350 to about $12,000 for this coin. Lincoln Wheat Cents are legal tender. Eye appeal is an important consideration by collectors when choosing a coin to add to their collection. A distinct merging of Lincoln's hair and forehead is visible. 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. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? It will also be impossible to distinguish the tiny details on the reverse, particularly the wheat grains that are almost unrecognizable. In their fine class, it will earn you 0.50 USD; in their excellent state, the coin sells for 0.68 USD. Join us today for FREE! I have 1943 double die copper pennies and 1943 copper penine that is in good shape no magnet sticks I have got them I want to sell. Read more in our privacy policy. The 1909-S VDB. I was wondering is my US cent from 1943 and 1944s are worth any money. What are they worth? First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. Uncirculated This coin wasnt in circulation and kept the entirely noticeable highest relief points and the glow on Lincolns cheek and jaw. And this is a good thing I love telling people the story behind 1943 pennies and what theyre worth! Very interesting site and looking for the value of a 1943 penny unminted. Good The coin with this rating was in circulation for a long time and has shown severe damage signs. Im the Coin Editor here at TheFunTimesGuide. The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. Very few of these pennies were minted and released into circulation. The value of a lightly circulated 1943 steel penny ranges from 20 cents to 50 cents. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. Quality of the surfaces is noted as quickly fading. In low grades, a 1943 or 1944 penny is only worth its face value. The 1943 Lincoln penny has the same look as other pennies in the series. Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. Many 1943 steel cents ultimately corroded beyond recognition or were otherwise lost to time. Real Experiences. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. Since only about 40 exist on the market, they are tremendously valuable. I have a 1943 S mint mark copper penny. The 1943 copper penny is extremely rare and valuable. This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. Value: The value ranges from $500 to around $1,900. They have a better value than the 1943 steel pennies without mint marks. Identity of Date and Mint Mark begins the process. Normal humidity in the air presented a challenge to preserve a 1943 cent. Click here to Learn How to use Coin Price Charts. So, their absence proves that the coin is intact. That sure is a lot of money for an old penny, right? In addition to the links Ive included above, here aresome otherresources to help you learn more about 1943 wheat pennies and other old pennies: Stay up to date with everything about U.S Coins, We dont spam! However, there are still millions of collectible 1943 pennies out there. Thank you in advance any help would be greatly appreciated ?? Zinc, the outer coating, is prone to dulling if disturbed. | Melt Value?
1944 Wheat Penny Value - A Complete Guide - Craftbuds 1944 US Mint Annual Report What does this mean. - Silver Price $331 Outside COMEX Trading Hours? (Spoiler alert: a1943 silver wheat penny isNOT made from silver!). Teletrade Coin Auctions, www.teletrade.com. As the Lincoln Wheat Cents were produced for 50 years, some mintages and variations are rarer than others, therefore, extremely valuable to collectors. Abundant on a rarity scale. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. My best guess is that the last two digits of the date have been worn away over time. 1943 Lincoln Wheat cent, steel composition. Some vending machines rejected the steel wheat cents. I also have a very beautiful 1943 wheat penny without the mint mark. Handle the coin gently, hold the edges only avoiding touching the surface.
1943 Lincoln (Wheat) Penny Value | JM Bullion Rest . Other examples of valuable wheat pennies include the 1909-S VDB Lincoln Wheat Penny, the 1944 Steel Penny, and other variations of the 1943 Bronze Penny. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). There are only 7 known 1944-D steel pennies in existence. It sounds like a misalignment error (a misaligned die strike). Today, however, many coin collectors and non-collectors alike regard 1943 Pennies as something of a novelty. Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. A popular counterfeiting method is to plate a steel cent with copper. It's because the Denver mint made them in lesser numbers. Hi Mr: Joshua McMorrow Herdandez
More about rare coins and coin values from the author: Are Silver & Gold Magnetic? A quick glance at eBay shows where uncirculated BU rolls of 50 1943 steel pennies are only selling for $50 to $100 per roll. Value: It ranges in value from about $8 to $800. As an Amazon Associate I earn from qualifying purchases.Privacy Policy | ContactCopyright document.write("2018 - "+new Date().getFullYear());LostTreasureHQ.com. Also important to collectors is condition of a coin. Any suggestions where I can sell them, I am interested in them document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. James Bucki is a nationally-recognized coin collector and numismatic expert and author, sharing his knowledge and specialized training in coin grading, minting errors, and collection techniques. Investing in Collectible Coins. Another scam involves the 1948 penny. Desirable is a complete coating of zinc. Buypriceis what you can expect to pay to a dealer when you purchase the coin, andsellvalueis what you can presume a coin dealer to pay you when you sell the coin. Each combination is valued and listed on the chart. Federal Trade Commission. * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins. This paved the way for an emergency composition for the one-cent coin as well. Click here to Learn How to use Coin Price Charts. This produced a MS62 coin that sold for $38,187.50. You can use the upload file icon below the text entry box, or post in our forum. Given their novelty, they also make great gifts. This comment section is dedicated more to general commenting. And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. JavaScript seems to be disabled in your browser. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . The 1943 steel cent was produced during the height of World War II. In other words, this is actually an extremely rare error coin. Silver Price $331 Outside COMEX Trading Hours?
1943 Silver Wheat Penny Value - U.S. Coins Guide If they are in truly pristine condition, however, they could be worth up to $10 for the D mintmarks and up to $25 for the S mintmarks. 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. 1944 Lincoln Wheat Penny Value Guide. A record price of $21,275 was fetched at auction for a MS67 D/D. if that, sorry Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. . Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. If the coins show any signs of wear, they are probably worth around $1. Understanding this, the value of a 1943 Lincoln will vary based on its type. Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+).
1943 S Lincoln Wheat Cent : Bronze/Copper - USA Coin Book The military industry was run out of copper necessary for making castings. However, many in the public were less than thrilled with the alternative composition. Is a 1943.s steel Penney that it looks normal but the 4 in 43 is almost un detectable.
The Truth About 1943 Steel and Bronze Copper Wheat Penny Values There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. 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. No mintmark means the coin was minted in Philadelphia. The first thing is not to wipe the coin. Their values are based on the latest deals and market updates. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Click here to Learn How to use Coin Price Charts. D Denv. 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. Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. (Price Chart). The dies were prepared in the Philadelphia Mint and distributed to the other branches in June of 1909. In 1943, due to the United States' involvement in World War II, the United States Mint had to replace the use of copper for steel for the wheat cents. I would suggest submitting it for grading at NGC or PCGS to find out if it's a valuable error. If youve gotten to this point in the article, youre probably still curious what a 1943 steel wheat penny is worth. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. Looking to see how much your wheat penny is worth? Each combination is valued and listed on the chart. Expert's Assistant: The Appraiser can help. Value:The value of a coin with this error can make for quite a few dollars, ranging from $80 to as much as $3,000 if uncirculated. A better than average 1943 cent stands out over lesser condition coins. If anyone out there may be interested I somthing like that your best bet would Def not try an get ahold of me through email. Thank you! Values climb with these upper grades. The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. Thank you, Christie, first you would need to see if the penny sticks to a magnet.