And, sure, that makes sense. In 1943, three mints produced this penny: These three mints struck over 1,000,000,000 Lincoln steel pennies in 1943. Any value? Latest Offers, Straight To Your Inbox. This penny is also worth much more than face value. These are rare pennies to look for in . Here are some of the most valuable wheat pennies updated as of July 2022. It will also be impossible to distinguish the tiny details on the reverse, particularly the wheat grains that are almost unrecognizable. How much a steel penny is worth is very dependent on the condition of the coin. Place higher grade coins in individual holders. Don't be the last to know about the latest deals and new product arrivals. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. Thank you, Christie, first you would need to see if the penny sticks to a magnet. This minor release of coins resulted in the exceedingly scarce 1909-S VDB Lincoln's penny. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). Absence of dark surfaces is a coin above average in preservation. Continue with Recommended Cookies. 1943 Steel Wheat penny DDR value chart. This post may contain affiliate links. The 1909-S VDB. Noticeable is the major elements remain separated and none are connected due to wear. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. 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. Value: This penny is worth anywhere from 75 cents to as much as $900. Their history is directly connected with WWII. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. An example of data being processed may be a unique identifier stored in a cookie. Real Helpful. The Philadelphia mint produced 684,628,670 pennies in 1943. 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. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. - How Much is a Silver Dollar Worth? Also, click here to Learn About Grading Coins. How Rare Is a 1943 Lincoln Steel Penny? - The Spruce Crafts 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. In their fine class, it will earn you 0.50 USD; in their excellent state, the coin sells for 0.68 USD. Nevertheless, checking the 1943 Penny value is advisable, particularly if you have a bronze piece or one with an error. However, there are still millions of collectible 1943 pennies out there. 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. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. Printable sheet to list and inventory your coins. 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! Deep grey blue fields are smooth and not pitted. I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? The S-marked penny comes from the San Francisco mint. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. Value: The value ranges from $1.25 to about $900. 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. Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. Each of the above are worn 1943 steel cents displaying wear to the surface. The penny is more valuable than the one made in Philadelphia without a mint mark. Hi Kelli. 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. Abundant on a rarity scale. The most cost-effective replacement metal for the Lincoln penny was determined to be a 99% steel planchet with a thin layer of zinc plating. Looking to see how much your wheat penny is worth? Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? 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). Read more in our privacy policy. Where can I get this misprint evaluated? 1943 Steel Penny Value: How Much is it Worth Today? - Something Borrowed ), 1943 copper penny is extremely rare and valuable. 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. 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) . WHAT IS A 1943 STEEL PENNY WORTH - YouTube There are only 7 known 1944-D steel pennies in existence. No larges nicks distract the eye and rust is not present. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. Yes, a copper 1943 penny really is worth an average of $85,000. 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 -- 1943 D Lincoln Wheat Cent : Bronze/Copper - USA Coin Book As illustrated in the photo in the link below, themint markis located on theobverseof the coin,just below the date. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. A 1943 penny is unique in the numismatic collectible group of wheat cents. Eye appeal is an important consideration by collectors when choosing a coin to add to their collection. Real Experiences. These are considered novelty items and have no collector value. Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. Typically sold in sets of three to include Philadelphia, Denver, and San Francisco issues. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. If your 1943 penny does NOT stick to a magnet it may be a copper cent error that is worth $85,000 or more. Double die minting errors result from two impressions being made that are slightly offset from one another. (Price Chart), How Much is a 1930 Wheat Penny Worth? But very, very few of these left the U.S. Mint facilities. Young collectors seek coins with the least amount of wear. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). Another California Bank Fails Over The Weekend. The United States Mint first minted the Lincoln Wheat penny, or "Wheatie" as they are sometimes called, in 1909. Normal humidity in the air presented a challenge to preserve a 1943 cent. Date and mint mark collecting are a main focus to collections. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . The reason for such a coin was simple. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. Additionally, zinc develops an oxide forming a white powder coating to the metal. The 1944 wheat penny with a D mint mark is worth between $0.02 in Good and Fine condition. High areas to check are Lincoln's beard and hair. Then they are sold via general-readership newspaper and magazine advertisements. Although a wheat penny's face value is one cent, as a good rule of thumb, all wheat pennies, including common dates, are worth more than their face value. 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.. Below is a list of the top 15 most valuable wheat pennies ever sold at auctions, according to PCGS: 1943-D Bronze Wheat Penny MS64BN - Sold for $840,000 in January of 2021; 1943-S Bronze Wheat Penny MS63BN - Sold for $504,000 in November of 2020; 1944-S Steel Wheat Penny MS66 - Sold for $408,000 in August of 2021; 1943 Bronze Wheat Penny MS62BN - Sold for $372,000 in February of 2021; 1958 Doubled Die Obverse Wheat Penny MS64RD - Sold for $336,000 in March of 2018; 1909 VDB VDB Proof Wheat Penny PR67+ - Sold for $258,500 in August of 2014; 1943 Lincoln Cent (Wheat Reverse) AU58 - Sold for $218,500 in January of 2010; 1944 Steel Wheat Penny MS64 - Sold for $180,000 in June of 2021; 1909-S VDB Wheat Penny MS67RD - Sold for $168,000 in April of 2022; 1914-D Lincoln Cent (Wheat Reverse) MS66+RD - Sold for $158,625 in May 2018; 1926-S Lincoln Cent (Wheat Reverse) MS65 - Sold for $149,500 in January of 2006; 1943/2-S Lincoln Cent (Wheat Reverse) AU58 - Sold for $138,000 in March 2004; 1914 Lincoln Cent (Wheat Reverse) Proof PR68 - Sold for $126,500 in April of 2008; 1917 Doubled Die Obverse Wheat Penny MS67+RD - Sold for $120,000 in March of 2019; 1944-D Steel Wheat Penny MS63 - Sold for $115,000 in August of 2007. In low grades, a 1943 or 1944 penny is only worth its face value. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. 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. 1944 US Mint Annual Report The 1943 copper penny is extremely rare and valuable. Identity of Date and Mint Mark begins the process. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-large-leaderboard-2','ezslot_9',107,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-large-leaderboard-2-0');Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. 1943 Copper Penny Value: How To Tell If You Have The Rare 1943 Penny Originally, Brenner's signature appeared on the obverse of the coin. Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. With the four different reverses on theLincoln cent in 2009, and the new Shield reverse starting in 2010, interest in Lincoln cents peaked for a few years. 1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. Hope that helps! Hi Jackie. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. A litany of tests and patterns followed for the emergency composition, including plastic and glass. The United States Mint started its production in January of the following year. Guarenteed. This may come as something of a surprise to the many who believe these coins are quite valuable. Desirable is a complete coating of zinc. The wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. for a Philly. 1943 S Lincoln Wheat Cent : Bronze/Copper - USA Coin Book Value: This Lincoln penny value varies from 75 cents up to $1,000. You can see them on Lincolns portrait relief, particularly on high spots like hair curls. Discover how much your box of old coins is worth. The 1943 Lincoln penny has the same look as other pennies in the series. Image: USA CoinBook. | How much is a Wheat Penny worth? Anyway have a great day everyone out there. Otherwise, non-error steel cents are not in themselves rare. They are worth about .10 ea. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core. It has lost initial shine, and nearly all relief has become flat. 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! Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. During World War II, the Allied Forces needed many essential resources to help optimize success in the war. 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. In a minute, Ill talk more about the 1943 copper penny and why its so rare. 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. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek "S" Mintmark Under Date: San Francisco Mint Struck the Coin. Over 684 million of these zinc coated steel coins were produced. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. Zinc exposed to moisture forms a white soft power, zinc oxide. You can quickly distinguish them by the marks on the coin reverse. Some valuable errors from this year include a Philadelphia minted MS66 penny struck on a dime planchet which sold at Heritage Auctions for $8,400. 1944 Lincoln Wheat Penny Value Guide - Gainesville Coins The officialU.S. Mintname for the coin is the cent, and the official U.S. Treasury name for it is one-cent piece.. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. Handle the coin gently, hold the edges only avoiding touching the surface. Hey Daniel. It is known that only about 40 copper pennies were minted in 1943, so they are considered exceptionally rare on the current coin market. If you have one in an MS 68 rating, you can sell it for $3,500. Quality of the surfaces is noted as quickly fading. What are they worth? See the19 Most Valuable Pennies Ever Sold here. Placing an accurate value on your 1943 penny follows a step by step process. The VDB pennies minted in the San Francisco Mint are the rarest. I kept it and put it in the fold and staple. There is mint identification mRk. A record price of $21,275 was fetched at auction for a MS67 D/D. A grade defines its state of condition and is used by collectors to help judge its worth. Do you know where the penny is from? Yes! 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 first of these was reported within a few years. You can also send photos once I've connected you. For all these reasons, the US Mint decided to reuse copper for producing pennies in 1944. Can you give me an advised or guide me in the right dirrection to find out more about my coin collection. This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. Value: The value of this penny ranges from $35 to $1,200. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. Keep checking your change, and happy collecting! 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? 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. How Much Is My Modern Jefferson Nickel Worth? Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. Save my name, email, and website in this browser for the next time I comment. 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. Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. Precautions help preserve the future condition of the coin. Values of these steel pennies is greatly reduced by the problems rust creates. Preservation in a dry location has resulted in a collectible grade 1943 steel penny. The obverse featured the Lincoln head design, still present in the one-cent coins minted today, but the reverse portrayed wheat stalks, hence the moniker. As you can guess, this mistake increases the coin value. This applies within and even beyond the numismatic realm. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Thus, 1944 steel cents are exceptionally scarce and command very high values. In any condition, the following Lincoln wheat cents are worth considerably more than common wheat pennies. If you buy thru these links, we may earn a commission at no additional cost to you. Good The coin with this rating was in circulation for a long time and has shown severe damage signs. There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. 1943 Steel Penny Value: How Much They Are Worth Now - Gainesville Coins 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+ Fine This penny was in circulation for a while but without much damage. This produced a MS62 coin that sold for $38,187.50. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. 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.
how much is a 1943 wheat penny worth
