Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! In 1943, 217,660,000 pennies came out from the Denver mint. Another disadvantage was the similarity with Dimes. Click here to Learn How to use Coin Price Charts. 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. Indeed, whether collected as part of a short set or incorporated into a larger run of Lincoln cents, the 1943 steel pennies are favorites among non-numismatists and veteran coin collectors alike. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. 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. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? So we are talking about mint state steel wheat back cents only being worth $1 to $2 each. - Another California Bank Fails Over The Weekend. Evidence of both rust and oxidation are visible on the example coins. I have a 1943 steel wheat penny that is in beautiful condition very shiny looks like a new dime no marks perfectly ledgable!! Real Experiences. Deep grey blue fields are smooth and not pitted. Value: This Lincoln penny value varies from 75 cents up to $1,000. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. 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. Date | Mintmarks | Condition are described and imaged with each series. Thank youy76hghy I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? Looking for more? Thanks to the high production, you will effortlessly find a specimen for your collection for a very affordable price. 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 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.. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. It is the only use in US coinage of this alloy. However, there are still millions of collectible 1943 pennies out there. 1944 Wheat Penny Value - A Complete Guide - Craftbuds Have A Silver Penny Thats Not A 1943 Steel Cent? Since your wheat penny has a silver color, it's almost certainly a 1943 steel cent. 1943 Steel (Silver) Penny: Background and Value - The Spruce Crafts Thank You. Brass brushes would be an excellent option because they are softer. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. Don't be the last to know about the latest deals I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? All rights reserved. There are only 7 known 1944-D steel pennies in existence. How Much is a 1943 Dime Worth? It would be txt. Another scam involves the 1948 penny. It is the 5th highest number of all the pennies made in this mint. Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. 1943 "D" steel penny sells for around 2.68 in their best class. Take care Richard S.A. Texas, I have five very fine uncirculated 1943 Philadelphia mint pennies never been circulated the brand new in a plastic case sealed I would like to sell one is anyone interested in buying them. One version had the engraver's initials, Victor David Brenners (V.D.B. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Josh @ CoinValues. IMG_0058.PNG & IMG_0067.JPG will my coins still b worth anything if it looks like this 1943D wheat copper or bronze penny, Hello, Orlando -- Each combination is valued and listed on the chart. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. The store will not work correctly in the case when cookies are disabled. Does anyone think the mint will change the composition of the penny again? Rest . who wants them? 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. A light sliver grey is their normal appearance when worn, standing out and easily spotted. Often they are reprocessed (stripped and recoated) pieces assembled in plastic display cases. 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! In other words, this is actually an extremely rare error coin. You can quickly distinguish them by the marks on the coin reverse. One wide spread market development was the introduction of "Reprocessed" 1943 Steel Pennies. 1944 US Mint Annual Report ), A 1999 Penny Worth $300? I would like to sell would anyone be interested?? Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. A grade defines its state of condition and is used by collectors to help judge its worth. The first thing is not to wipe the coin. For higher value coins, Grading Lincoln Wheat Pennies expands on the grading process with video, descriptions, and images. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. 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. USA Coin Book estimated value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is worth $408,418 in average condition and can be worth $821,820 to $2,087,886 or more in uncirculated (MS+) mint condition. The first Lincoln pennies released came to be known as the Lincoln wheat penny, or Lincoln wheat cent, which featured two wheat stalks framing the writing on the reverse side. These are approximate retail prices and wholesale values. Where can I get this misprint evaluated? I definitely recommend getting it authenticated! Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. 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. There is no right or wrong way to collect 1943 Lincoln cents. Litvak-American sculptor Victor David Brenner inherited the task. Noticeable is the major elements remain separated and none are connected due to wear. 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). These are considered novelty items and have no collector value. Value: The value of this coin ranges from 95 cents to as much as $700. How much is a Silver Quarter worth? Due to their high value for coin collectors, there are lots of fakes around. These coins are struck from a zinc coated steel alloy. As you tilt the coin under a light confirm no breaks in shine are evident. During World War II, the war effort required a lot of copper to make shell casings and munitions. With this list of Lincoln wheat penny values in mind, you can now be on the lookout for wheat pennies to add to your collection or earn a few extra dollars in case you spotted one of these in your spare change. Investing in Collectible Coins. 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. My love for coins began when I was 11 years old. Otherwise, non-error steel cents are not in themselves rare. I kept it and put it in the fold and staple. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. If your 1943 penny does NOT stick to a magnet it may be a copper cent error that is worth $85,000 or more. Hi Jules. These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. 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. 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. A record price of $21,275 was fetched at auction for a MS67 D/D. 1943 Steel Penny: Value and History Explained - SD Bullion Heres the current 1943 steel wheat penny value: So now that you know all about the 1943 penny value, did you strike it rich with your 1943 wheat pennies? Production was large 8th highest in the wheat series, 1,093,838,670 totals; when combining all mints. Handling and circulating through commerce easily start the process of metal removal. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. A standard method is used to located how much its worth on the chart. Prices have gone way up for the 1943 copper penny over the years. I have two 1943 steel wheat pennies, it is worth my time to try to sell them? However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. A better than average 1943 cent stands out over lesser condition coins. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? During World War II, the Allied Forces needed many essential resources to help optimize success in the war. the postal carrier says they put them in my box, but I still am looking for them. Victor D. Brenner designed the coin under the direction of Pres. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. But that means top of the line. Richard. Second step, is an appraisal of condition. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. Thomas G. Flammio: One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. I would bet 1,000 each time it would be an 8 or higher. Matching your coin to grading images gives a good indication of its condition. The United States Mint eventually acquiesced to the concerns of the public. Anyway have a great day everyone out there. This produced a MS62 coin that sold for $38,187.50. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. When that part of the design was rejected, he added his three initials, V.D.B., to the coin's reverse at the bottom between the stalks of the wheat ears. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition Date and mint mark collecting are a main focus to collections. The first thing to address is that 1943 steel cents are not at all rare. ), 1943 copper penny is extremely rare and valuable. A lighter shade of silver-grey highlights the design. Here are five that are valuable due to these kinds of errors in the manufacturing process. Not unlike key dates from silver dimes, quarters, half dollars and dollar coins who are worth much more than what is called "junk silver". 1943 pennies are indeed steel. These are rare pennies to look for in . Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. The reason for such a coin was simple. The Melt Value shown below is how . for a Philly. This may come as something of a surprise to the many who believe these coins are quite valuable. Very interesting site and looking for the value of a 1943 penny unminted. Hi Michael I have several the UNC. Even though they are pretty common these days, most collectors want to include them in their collections. 1943 Steel Penny Values Chart 2023 (Up to $348,000) The Philadelphia mint produced 684,628,670 pennies in 1943. How do I know if my Wheat penny is worth money? (2023) The error can be seen in the word Trust and on the date. Upper surfaces are clearly flattened and smoothed. If your 1943 penny DOES stick to a magnet, it is made from steel and is worth 10 to 50 cents. Extremely Fine Grade: A light amount of wear visible to high areas places this coin in the Extremely Fine grade. The usual 1 lb bags of Wheat Pennies include 148 coins, but it might vary. Discover how much your box of old coins is worth. Heres how to tell if your 1943 silver wheat penny is rare or not: Rare 1943 wheat pennies are made from bronze theylook similar to most other copper pennies from other years. Washington Quarter Values and Prices (1932-1964), Lincoln Wheat penny key dates, rarities,andvarieties, 1909-S VDB (small "S" below the date and "V.D.B." Since only about 40 exist on the market, they are tremendously valuable. Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets. Reply. Values climb with these upper grades. a UNC. 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. Normal humidity in the air presented a challenge to preserve a 1943 cent. Click here to Learn How to use Coin Price Charts. Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. 1944 Lincoln Wheat Penny Value Guide - Gainesville Coins In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. *by CoinStudy Specific 1943 Penny 1943 Copper Lincoln penny Importantly in this condition a strong eye appeal is projected by both coins. Preservation in a dry location has resulted in a collectible grade 1943 steel penny. Metal alloy of 1943 cents has a few considerations effecting its market acceptance. Advanced collections choose from the many available in "like new" condition. 1943 Lincoln (Wheat) Penny Value | JM Bullion A standard method is used to located how much its worth on the chart. - 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.. | Melt Value? Sincerely: Linda G. I have a silver wheat penny that only has a 19 for the date and has no mint mark. Keep checking your change, and happy collecting! 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. Very popular with collectors. 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. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Valuable Lincoln Wheat Pennies List (1909-1958) - SD Bullion Very few of these pennies were minted and released into circulation.

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