Hey Glenn. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Otherwise, non-error steel cents are not in themselves rare. Although market prices have eased over the last few years, this renewed interest has kept values and prices pretty stable over time. ROGER, DID YOU EVER GET AN ANSWER? Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. You can quickly distinguish them by the marks on the coin reverse. 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.. Any suggestions where I can sell them, I am interested in them Both are in the collectible grading range. For the best experience on our site, be sure to turn on Javascript in your browser. The penny on the left is worn throughout the hair, face, and coat of Lincoln. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. Another California Bank Fails Over The Weekend. I definitely recommend getting it authenticated! Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. ), 1943 copper penny is extremely rare and valuable. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. Identify date, mint and condition; a wide range of values is found and identified. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. More than 2 billion wheat pennies were made in 1944, but that doesn't mean that there aren't important 1944 Lincoln cents that are worth a lot of money. These coins are frequently counterfeit or altered from common wheat pennies. Depending on how heavily circulated the coin is, you could get between 10 and $1. Due to their high value for coin collectors, there are lots of fakes around. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. 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. There were problems with the coins rusting quickly. I primarily collect and study U.S. coins produced during the 20th century. Value: The value of this coin ranges from 95 cents to as much as $700. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. Altered 1948 Lincoln Cent If your 1943 copper colored penny doesn't stick to a magnet, then use a magnifying glass to look at the date. Deep grey blue fields are smooth and not pitted. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. This produced a MS62 coin that sold for $38,187.50. What needs to be remembered, though, is that 1943 steel Pennies are not rare in fact, they are quite common, with more than 1 billion produced across all three mints operating in 1943: Philadelphia, Denver (D), and San Francisco (S). Although pennies have been around since the late 1700s, the penny did not take its now-familiar form until 1909, when its design began featuring President Abraham Lincoln to celebrate the centennial of his birth, replacing the Indian head pennies in production at the time. Before you go down the path of building a complete set of Lincoln Wheat pennies, use the following price guide to give you an approximatevalue and pricefor your Lincoln Wheat pennies. 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 United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. It was said to me it isnt worth a grunion in market value. So it's possible that your coin is a mint error. Many 1943 steel cents ultimately corroded beyond recognition or were otherwise lost to time. There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. During World War II, the military needed copper for making casings, so the US Mint decided to use galvanized steel instead. 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. and new product arrivals. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. Even though they are pretty common these days, most collectors want to include them in their collections. There are few vintage coins as widely collected as the 1943 steel Lincoln penny. Tod Lock says. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. These are approximate retail prices and wholesale values. Central Banks Lead the Way In Massive Gold Bullion Buying, Another Major Bank Teeters - Deutsche Bank. They have a better value than the 1943 steel pennies without mint marks. Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. Value: The value of this penny ranges from $1.95 to around $850. Just as the Jefferson Nickel five-cent coin saw the removal of nickel from its composition in 1942 to preserve the metal for artillery production, so, too, did Lincoln Wheat Penny coins in 1943. Orlando, if you have attachments it's better to post in our forum: https://coinvalues.com/forum. From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. This may come as something of a surprise to the many who believe these coins are quite valuable. 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. Understanding this, the value of a 1943 Lincoln will vary based on its type. Technical and aesthetics grading determines value to collectors. High areas to check are Lincoln's beard and hair. A better than average 1943 cent stands out over lesser condition coins. Normal humidity in the air presented a challenge to preserve a 1943 cent. Place higher grade coins in individual holders. 1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). In 1943 U.S. Mint produced the penny out of zinc plated steel to save copper for the war effort, so most 1943 pennies are silver colored. These pennies are now worth a lot of money because they are rare. Searching for error coins continues to be a growing hobby. Regular 1943 steel cents, on the other hand, can be had for between 10 cents and $1 each in circulated grades, and for about $3 to $5 in uncirculated grades. If your coin looks similar to the one illustrated in the link below and has no evidence of wear due to being in circulation, it is considered anuncirculatedcoin. November 17, 2021 at 8:54 am. . Only a couple dozen pieces were made and exist today, and each is worth about $100,000. It sounds like a misalignment error (a misaligned die strike). Luster and its texture remain intact to reach the uncirculated grade. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. Yes! CSSocialMedia says. The second penny is worn to the point design elements are beginning to connect. This example was well preserved over time. 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. (Price Chart), How Much is an 1943 Silver Quarter Worth? The United States Mint eventually acquiesced to the concerns of the public. Even though this penny is different, it is not particularly rare. Read more in our privacy policy. Young collectors seek coins with the least amount of wear. https://www.consumer.ftc.gov/articles/0136-investing-collectible-coins, Date by DateIn Depth Lincoln Penny ValueEarly Era 1909 to 1933, Date by DateIn Depth Lincoln Penny ValueSecond Era 1934 to 1958, Coin Value Guide | How to Value a Coin Collection. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. Today, 1943 copper wheat pennies are among the most valuable Lincoln pennies. 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. My best guess is that the last two digits of the date have been worn away over time. The dies were prepared in the Philadelphia Mint and distributed to the other branches in June of 1909. In 1943, the US Mint switched from copper to steel to make pennies. Any value? Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? If the coin sticks to the magnet, it contains steel and is fake. Most 1943 wheat pennies appear to be silver in color. Thanks to the high production, you will effortlessly find a specimen for your collection for a very affordable price. Check your inbox or spam folder to confirm your subscription. Many coins removed from circulation have only touches of wear retaining a pleasing appearance. Since the US Mint was making pennies of this metal, it decided to contribute. But it is advisable to use proper coin cleaners. A natural blue-grey color is displayed by the fields of the coin, highlighting the legends and devices. Double die minting errors result from two impressions being made that are slightly offset from one another. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. ), on the reverse side, and the other did not. ), Top 21 Most Valuable 2000 P Sacagawea Dollar Coin Worth Money, Top 19 Most Valuable Mexican Coins Worth Money, The Philadelphia mint produced the 1943 penny that typically has no mint mark, The San Francisco mint produced the 1943 penny with an S mint mark, The Denver mint produced the 1943 penny with a D mint mark. The 1943 copper penny is extremely rare and valuable. Sincerely: Linda G. I have a silver wheat penny that only has a 19 for the date and has no mint mark. The 1943 copper penny was an accidental manufacturing error. Typical examples in uncirculated condition usually realize $1 to $5. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. 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. It just recently sold at Heritage Auctions on January 20th, 2021 for $840,000. A standard method is used to located how much its worth on the chart. In 1943, 217,660,000 pennies came out from the Denver mint. Interest remains high along with demand. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. If youve gotten to this point in the article, youre probably still curious what a 1943 steel wheat penny is worth. Handling and circulating through commerce easily start the process of metal removal. The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. After a while, the coins quickly lost a zinc surface layer and were prone to rust. Have A Silver Penny Thats Not A 1943 Steel Cent? Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. Some vending machines rejected the steel wheat cents. Don't be the last to know about the latest deals and new product arrivals. Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. Since most people were used to pennies made of copper, this piece was a real surprise at that time. Identify your coins using the image links. 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. 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. I have a 1943 wheat penny, with a number three on the back side between the wheat? In low grades, a 1943 or 1944 penny is only worth its face value. However, it could also be the result of excessive wear to the reverse of the coin. Values climb with these upper grades. Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? Absent is any rust. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $252,182 in Average Condition and can be Worth $593,651 or more in Uncirculated (MS+) Mint Condition. Value: This coin ranges in value from about 35 cents to $3,000 if in mint condition. It is the 5th highest number of all the pennies made in this mint. The 1940 Wheat penny is made from 95% copper and 5% zinc & tin. Nowadays, most of them are worth only a bit more than their face value. I just wanted to know, How can you tell if you have a steel penny, or a bronze penny? You can consider yourself lucky if you have a copper specimen of this penny in your coin collection. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). 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. Then they are sold via general-readership newspaper and magazine advertisements. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. 2023 SD Bullion, Inc. All rights reserved. All rights reserved. The United States Mint started its production in January of the following year. Believe it or not, some are worth much more than that! 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. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? Importantly in this condition a strong eye appeal is projected by both coins. Looking to see how much your wheat penny is worth? The images aren't coming through unfortunately. A litany of tests and patterns followed for the emergency composition, including plastic and glass. If your 1943 penny does NOT stick to a magnet it may be a copper cent error that is worth $85,000 or more. Circulation wear has removed only small portions of the outer zinc coating. These coins are struck from a zinc coated steel alloy. Do you know where the penny is from? In their fine class, it will earn you 0.50 USD; in their excellent state, the coin sells for 0.68 USD. Most 1943 steel pennies that youll find in circulation are pretty well worn (and many that are worn exhibit rust). Many were pulled from circulation. | Melt Value? Representing the only year of this composition, interest remains high. 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. As a result, the first produced coins contained both metals and got reddish-yellow color. Ed. I have two 1943 steel wheat pennies, it is worth my time to try to sell them? No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. ), A 1999 Penny Worth $300? No Mintmark Under Date: Philadelphia Mint Struck the Coin. 1943 pennies are indeed steel. Michael is passionate about personal finance, side hustles, and all things geeky. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Here are some of the most valuable wheat pennies updated as of July 2022. I have a collection of coins. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. | Melt Value? Thank You. Problems are absent from the surfaces, however. | Melt Value? Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek.

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