A standard method is used to located how much its worth on the chart. Click here to Learn How to use Coin Price Charts. The 1943-D penny had 217 thousand minted, while 1944 and 1945, back to the traditional copper design, each had well over a billion minted. Free shipping. MS 60 uncirculated- There are no signs of wear. Steel pennies are sometimes referred to as a silver penny. PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. This rare variant of the 1943 Philadelphia Lincoln Steel... #2 – 1943 Steel Penny D – $6,000. Good - Details are visible but not perfect. Any idea how much it's worth? The 1943 Penny is a steel wartime cent (penny). Extremely fine- There is only slight wear on the coin. These fake copper coins are regular steel cents that were coated over with a thin copper layer. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth From the little bit of copper left in the hopper, about 40 bronze 1943 Lincolns were minted. The Answer: It's true that in 1943 the content of pennies was changed from copper to zinc-coated steel due to a copper shortage during WWII. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. Lot of 12 1943 Steel Zinc Lincoln/Wheat Pennies - Free Shipping. $0.23. Composition: 99% steel with a thin zinc coating Aug 25, 2016 - The 1943 steel penny is composed of a steel core with a very thin outer layer of zinc. Mint state - Coin is in the same state as it was struck. * Values are for problem-free coins (no cleanings, holes, porosity, etc.) https://www.silverrecyclers.com/coins/1943-steel-penny.aspx In 1943, the US Mint produced 648,628,000 steel pennies, according to Coin Trackers. Home | User Agreement | Privacy Policy | Advertising | Contact. In later years, the US Mint began to collect and destroy steel pennies, but many of these still exist today, making steel pennies quite common. One these error coins the mint mark is minted twice onto the coin. ... some counterfeits were created with steel cores. Q: What determine the value of a 1943 steel penny? You can get an idea about the value by comparing sales of similar coins: If you love rare pennies, the 1943 steel wheat penny is just one of many interesting examples. It is also the only US coin to not contain any copper whatsoever. Type: Wheat Penny These pennies are made of steel and coated in zinc. The coin's luster might not be as prominent. Much has been published about copper 1943 pennies being worth in excess of a million dollars. The mint mark, when present, can be found on the obverse side of the coin below the date. Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies. In high grades (MS67, MS68), Proofs, Uncirculated (MS+) or Mint Condition can be Worth until $21,275. The easiest way to tell if your 1943 copper cent is merely a copper-plated steel penny is to test it with a magnet. Apr 5, 2019 - How Much is a Steel Penny Worth? It is thought, when the U.S. Mint’s coining machines were set up for new penny production in 1943, some copper blanks from the previous year’s production were not cleaned out. Download this image for free in High-Definition resolution the choice "download button" below. By putting Lincoln on the penny, Roosevelt felt that he honored Lincoln’s presidential term and legacy. Previous and subsequent pennies were made of copper, but the 1943 penny is different. Expert's Assistant: What condition is the penny in? A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million. 1943 Steel Penny Value. In 1943, the United States was in the middle of fighting World War II. Why wasn't this page useful? 1941 Wheat Penny. However, many people mistook the 1943 steel penny for a dime, and others complained about the steel becoming rusty. In very fine condition the value is around $0.65. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.32 in Average Condition and can be Worth $6.48 to $22 or more in Uncirculated (MS+) Mint Condition. Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies. Different in looks than a traditional copper penny, the 1943 steel penny's value and appearance make it notable to collectors and enthusiasts. 1944 Wheat Penny All of the details are sharp. The 1943 steel penny is composed of a steel core with a very thin outer layer of zinc. Examine the overall color of the 1943 penny. A few pennies minted on copper or silver planchets are known to exist. Get the best deals on 1943 Steel War Penny when you shop the largest online selection at eBay.com. A 1943 wheat penny with no mint mark is worth 25 cents in fine condition. If it was in circulation long enough, the zinc coating completely wore off, and the steel underneath would start to show through. Many resources were being diverted to the war effort - from food and fuel to metals like copper. Pennies in 1943 were supposed to be made of zinc-coated steel and those grey-colored cents are quite common. If it is a silvery gray color, it is probably a steel penny. $0.63. SilverRecyclers.com is not a dealer or refiner. However, its only worth appraising if you suspect it may be valuable. 1942 Wheat Penny Get the best deals on 1943 Zinc Penny when you shop the largest online selection at eBay.com. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. They're magnetic. In uncirculated condition the price is around $6 for coins with an MS 60 grade. I can’t tell if it’s just an anomaly due to the rust and condition of the coin, or if it’s something actually there, or was there. On one side, you'll see Lincoln's head and the date 1943, and on the other, you'll see the wheat design used in older pennies. (Yes there is a grading scale). Uncirculated 1943 pennies are worth significantly more than the prices listed here. The 1943 copper wheat penny is an extremely rare coin. $3.22. The majority of examples of 1943 steel pennies are in circulated condition and have developed a lot of spots and tarnish. A 1943 steel wheat penny with a D mint mark in mint state with a MS+ certification by a top coin grading company is worth approximately $12 in an auction. If a 1943 copper penny sticks to a magnet then it's not an authentic error coin. A full red uncirculated 1943 penny from the Melbourne, Perth, or Bombay Mint is worth up to $250. Placing an accurate value on your 1943 penny follows a step by step process. Poor - Coin rims are flat or damaged and details are indistinct. USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.32 in Average Condition and can be Worth $3.22 to $11 or more in Uncirculated (MS+) Mint Condition. It all depends on the method of processing. MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. These are extremely rare compared to a steel version you might have. In extremely fine condition the value is around $0.75. I just happen to have one. A ‘MS-63’ grade 1943 copper or 1944 steel is worth much more than any regular ‘MS-63’ grade Lincoln Wheat cent. Step one is to confirm exact Date and Mint Mark variety. Uncirculated coins with a grade of MS 63 can sell for around $8. In fact, a steel 1943 penny is worth up to 50 cents . Do you know where the penny is from? In uncirculated condition the price is around $100 for coins with an MS 60 grade. Images used to locate mint marks finds its exact place on the chart. Steel 1943 pennies weigh just 2.7 grams each, lighter than the copper penny of 3.11 grams. Fine- The lines in the wheat heads are worn but visible. A regular 1943 steel penny is worth only a few cents. How much of the general value associated with a steel penny a collector is liable to pay you is determined by the coin’s condition. A regular 1943 steel penny is worth only a few cents. Keep reading to learn more about these one cent coins. When exposed to moisture the penny would start to rust. Despite their unique appearance, the majority of these coins aren't valuable. Face Value: $0.01 Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets . 1943 S Zinc. Just hold onto it for 10-30 more years and then sell it to someone for $5-10. The Question: I have heard that 1943 steel pennies are worth a lot of money. Back in 1981, an example of the 1943 bronze cent made national news when it sold for $10,000. Today, 1943 bronze cents typically fetch between $100,000 and $250,000. During Abraham Lincoln’s centennial of February 1909, Roosevelt decided to choose Lincoln as the face of the penny. Because they are quite common, a 1943 penny in circulated condition is not worth much. Free shipping on many items | Browse your favorite brands | affordable prices. The magnet test can be used to easily tell a fake from an original. 1943 copper pennies (any mintmark) – Perhaps 25 to 40 known; $125,000 to $1 million+. . Have you ever Really Searched your change? Some of these were actually recoated with Zinc right over the rust of the steel and can be easily spoted. You can also send photos once I've connected you. They have the same design as the other wheat pennies. During World War II, copper was needed for the war effort, and the copper penny was converted to steel. Steel 1943 Penny . The highest amount paid for a 1943 copper cent was $82,500 in 1996. 1943 Steel Penny Values – 5 Most valuable variants #1 – 1943 Steel Wheat penny DDR (Double Die Reverse) – $2,150. The average price range for a circulated Steel Penny is between 10 cents and $1. 1943 penny value reflects its unique status within the Wheat cent series. If it looks more like a common brownish penny, it may be one of the rare copper 1943 … Because ammunition and electrical wires had to be crafted from copper during the war, the US Mint decided to make the 1943 penny out of steel instead. Identifying a 1943 steel penny is fairly easy. Also, click here to … Also, click here to Learn About Grading Coins.