The 1943 copper penny can sell at an auction for $100,000 to $250,000. The 1943 Steel Penny is a highly sought-after coin by collectors due to its unique composition because the steel used in its production was intended to conserve copper for the war effort during World War II.
A Rare 1943 Wheat Penny In Your Coin Jug Could Be Worth $100,000 or More. To say that I was excited when I found a 1943 Wheat penny in an old coin collection would be an understatement.
Due to the scarcity of copper during the war, these pennies were made of zinc-coated steel instead of the usual copper composition. The result was the 1943 steel penny, which was produced for only one year and has since become a rare and valuable coin.
Most steel pennies are worth between 20 cents and 20 dollars. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars.
1943 Zinc penny is worth from $0.1 to $2 as an uncirculated coin on average. The 1943 D Zinc value is from $0.2 up to $3.
Yes, the PCGS-graded 1943 and 1943-S copper pennies were priced at $1 million, and the 1943-D copper penny was priced at $1.5 million. Today at auction, the standard 1943 copper penny can sell for $100,000 to $250,000.
An Extremely Fine coin with traces of mint red might be worth $20, almost uncirculated coins worth perhaps $50-$75. A full red uncirculated 1943 penny from the Melbourne, Perth, or Bombay Mint is worth up to $250.
Numismatic collectors are always looking for rare and valuable coins, and the 1943 steel penny is often thought to be one of the most valuable. However, the truth is that these pennies are actually not very rare at all. In fact, millions of them were minted, and they can easily be found in circulated condition.
A: No, not all 1944 pennies are made of steel. The steel pennies are rare, with only about 39 of them recorded. The other coins produced in the US that year are made of copper and zinc. Steel pennies were more commonly minted in 1943 to conserve copper.
The title of Australia's rarest penny, while many think it's the 1930 penny, actually goes to the ones made at the Melbourne Mint in 1945. Featuring Thomas Humphrey Paget's effigy of King George VI and the jumping kangaroo reverse, only four pennies were produced at the Melbourne Mint that year.
The 1930 penny is one of the rarest Australian coins, due to a very small number being minted, and holds the record as the most valuable copper penny in the world. It is highly sought after by coin collectors, and a 1930 penny in very fine condition can be worth A$45,000 or more.
The value of a 1945 wheat penny depends on its condition and whether it's the rare “steel” variety. A well-circulated coin could be worth only a few cents, while a pristine steel penny could fetch up to $85,000.
The report also states that if you have a 1943 bronze Lincoln penny, it could sell for as much as $200,000. That penny is described to have the “most famous error” in American coin printing.
The 1943 bronze Lincoln cent is considered to be the most famous error coin made by the U.S. Mint and could be worth more than $300,000.
Most 1943 Lincoln pennies are already collector's items because they are made of zinc-coated steel during the World War II when copper was being used to make shell casings for the war effort.
Because they are quite common, a 1943 penny in circulated condition is not worth much. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents. However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000.
That means the pennies were accidentally stamped twice during the minting process creating a blurred, double-letter effect. A 1958 Lincoln, Doubled Die Obverse cent sold in a GreatCollections auction has become the first Lincoln cent and first non-gold 20th century coin to sell for more than a million dollars.
The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper. If it does not stick, the coin might be of copper and should be authenticated by an expert.
The 1943 Copper S penny is one of the most rare coins in circulation in the United States. There are 12 that are known, with an additional 28 that may exist, but no one knows for sure, the number of 40 is an estimation based on the theory of how they were accidently produced.
Apparently six working dies unused during 1932 were over-hobbed with a 1933 punch, leading to the 33/32 overdate. Approximately 11% of 1933 pennies are overdates.
They go onto the web and google the date. I can tell you that the penny you have found is almost 99.99% surely just an ordinary one worth less than $1. A proof coin that a dealer may have is a rare item.
A report from Reuters notes that a rare 1792 American penny sold at auction for $2.6 million in 2015. Only 10 of the “Birch Cent” coins, named after their engraver Robert Birch, are believed to exist.