how much is a 1943 wheat penny worth

Richard. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. 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! 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. That sure is a lot of money for an old penny, right? Value: The value of this penny ranges from $35 to $1,200. Worn steel pennies with eye appeal are popular with beginning collectors and a fascination to younger collectors. 1943 pennies are indeed steel. Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. 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. Searching for error coins continues to be a growing hobby. PS: never send in your coins by mail or leave them there to be looked at. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? 1943 penny value reflects its unique status within the Wheat cent series. Over 684 million of these zinc coated steel coins were produced. Highest areas to judge for complete luster are Lincoln's temple, cheek, and jaw. A former US President Abraham Lincoln profile is on the obverse, with the inscription IN GOD WE TRUST located on the upper edge. These copper 1943 American pennies were struck and sent out with the initial batches of zinc coins. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. Many 1943 steel cents ultimately corroded beyond recognition or were otherwise lost to time. Typical examples in uncirculated condition usually realize $1 to $5. Answer: Zinc-plated steel! Even if you didnt, your 1943 steel pennies are still neat coins and theyre historic relics from the World War II era. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. For the best experience on our site, be sure to turn on Javascript in your browser. JavaScript seems to be disabled in your browser. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. Takedown request | View. Some 1940 Lincoln proof pennies go for $25 or more. By Steven Cochran. Looking for more? Just wondering if u have any info about it. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. A grade defines its state of condition and is used by collectors to help judge its worth. Thus, it is safe to say that the coin is pretty common in numismatic terms. Therefore, collect coins in the highest grade that you can afford. As previously mentioned, the debut year had V.D.B. US Mint. 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 1942 Wheat penny has high value as a numismatic coin and gem in pristine condition. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For. Silver Price $331 Outside COMEX Trading Hours? Since most people were used to pennies made of copper, this piece was a real surprise at that time. My love for coins began when I was 11 years old. Also, click here to Learn About Grading Coins. Investing in Collectible Coins. But first, lets discuss what those silver 1943 wheat pennies are made from. This year and mintage (Denver) is considered a key date and is the most valuable of the non-error Wheat pennies. The reason for the change from Bronze to Zinc was to do with the US war effort that year. Other factors like the mint year, condition, and rarity greatly influence the value of a collectible coin. Thank you! Although market prices have eased over the last few years, this renewed interest has kept values and prices pretty stable over time. While 1943 copper cents weigh about 3.11 grams. A record price of $21,275 was fetched at auction for a MS67 D/D. This off-metal transitional error was accidentally struck when a few leftover 1942 copper planchets were fed through the presses at the Philadelphia, Denver, and San Francisco Mints. A distinct merging of Lincoln's hair and forehead is visible. I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? 1943 steel cents capture interest of collectors. It is important to judge your coin against both the images and descriptions. Therefore, it replaced copper in pennies with zinc-coated steel. A shortage of copper combined with a need to provide coinage to commerce forced the mint to use an alternative alloy. Prices have gone way up for the 1943 copper penny over the years. One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. Sincerely: Linda G. I have a silver wheat penny that only has a 19 for the date and has no mint mark. A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . As you can expect, they are precious and expensive. https://nnp.wustl.edu/library/publisherdetail/51 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. Noticeable is the major elements remain separated and none are connected due to wear. The reason for such a coin was simple. While Copper Pennies, for instance, weigh 3,11 grams. Michael is passionate about personal finance, side hustles, and all things geeky. Nevertheless, checking the 1943 Penny value is advisable, particularly if you have a bronze piece or one with an error. So the 1943-D Wheat Penny that was accidentally struck in copper ended up being quite . The 1943 copper penny is extremely rare and valuable. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. Since only about 40 exist on the market, they are tremendously valuable. Expert's Assistant: The Appraiser can help. Thank You. And in very good condition. No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. To the untrained eye, you could be tricked into thinking you have a rare 1943 copper wheat penny. 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. This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. Any suggestions where I can sell them, I am interested in them go on line and type in 1943 or 44 penny Value . Abundant on a rarity scale. I have 1943 steel wheat pennies among many others,have no access to internet much,am wondering if theyre worth more than face value? An example of data being processed may be a unique identifier stored in a cookie. It will bring you to a site were the P,D and S mints are. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). How much is a Silver Quarter worth? Evidence of both rust and oxidation are visible on the example coins. These are worth around $85,000 or more! There are only around 30 samples known. This applies within and even beyond the numismatic realm. 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. The 1943 copper penny is extremely rare and valuable. If it does, your penny is worth about 15 cents as a novelty item. In low grades, a 1943 or 1944 penny is only worth its face value. This set is commonly sold in mass-market offerings. This post may contain affiliate links. Value: It is valued from $1.55 to as much as $1,500. Discover how much your box of old coins is worth. Their history is directly connected with WWII. These coins are struck from a zinc coated steel alloy. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Click here to Learn How to use Coin Price Charts. Thomas G. Flammio: There were problems with the coins rusting quickly. When I first got into coin collecting back in the early 1990s, I thought like so many people who ask me about their coins here at The Fun Times Guide that my silvery 1943 pennies were actually made from silver. Technical and aesthetics grading determines value to collectors. Most are worth only 2 or 3 cents. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. Interest remains high along with demand. And, sure, that makes sense. Denver 1943 cents are in demand because of their uniqueness. i have 54 philly version cents. Above Lincolns shoulder is the word LIBERTY, while in front of the profile are the year of minting and the mint mark. Im the Coin Editor here at TheFunTimesGuide. The value of a coin varies according to many factors: metal content, purity, rarity, etc. Silver has been used in many coins including dimes, quarters, half dollars, and dollar coins. Do you know where the penny is from? Collector preference are coins without rust. I have a 1946 wheat penny with no mint mark in good condition what is it worth. 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. Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. The Rare 1943 Penny If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! The military industry was run out of copper necessary for making castings. Expert's Assistant: Is there anything else the Appraiser should know before I connect you? 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 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. So, their absence proves that the coin is intact. 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. In any condition, the following Lincoln wheat cents are worth considerably more than common wheat pennies. Also, click here to Learn About Grading Coins. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). Quality of the surfaces is noted as quickly fading. In other words, this is actually an extremely rare error coin. The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. They are worth about .10 ea. - 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.. That initial year had two versions. Additionally, the high copper content gives the coin a higher value than its face value. Lincoln Wheat Cents are legal tender. Values climb with these upper grades. A standard method is used to located how much its worth on the chart. As a result, the reverse dies were remade, and all the initials were removed but not before some coins were minted and released to the public. The Melt Value shown below is how . Value:The value ranges from $280 to as much as $5,500 in mint condition. Thank you in advance any help would be greatly appreciated ?? 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. Ed. 2023 SD Bullion, Inc. All rights reserved. Absence of dark surfaces is a coin above average in preservation. Thus, alternative metals were considered for minting coins. As illustrated in the photo in the link below, themint markis located on theobverseof the coin,just below the date. 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. They have a better value than the 1943 steel pennies without mint marks. Real Helpful. . Where can I get this misprint evaluated? 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. Yes! The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. 1943 Steel Wheat penny DDR value chart. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. A quick glance at eBay shows where uncirculated BU rolls of 50 1943 steel pennies are only selling for $50 to $100 per roll. That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. Read more in our privacy policy. During World War II, the military needed copper for making casings, so the US Mint decided to use galvanized steel instead. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. If youve gotten to this point in the article, youre probably still curious what a 1943 steel wheat penny is worth. A better than average 1943 cent stands out over lesser condition coins. Real People. Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. The all-time record price for a 1943 bronze cent is $1.7 million. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100.

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