As the zinc coating wore off the steel core, the exposed steel underneath began to rust. She is a member of the American Numismatic Association (ANA) and holds several certifications. Unfortunately, there are plenty of fake 1943copper centsfloating around. If you won such a coin, youd earn more if it was uncirculated. Also, members of the general public tended to dislike 1943 steel cents. As the totes moved from machine to machine, sometimes a blank from the last batch would get stuck in a crevice. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. In many cases, alloys were employed that are noticeably different from alloys that were or are used for U.S. coinage. Susan Headley is a well-respected coin collecting expert and writer with over 30 years of hands-on numismatic experience. (Words in blue may be clicked to access past articles relating to items mentions or related subjects.) Specimens in circulated conditions arent worth more than 15 to 30 cents. I have one 1943 steel & 1944 copper penny, how much the value, I have a 1944 copper penny with a raised defined d next to an s that is faint but there, any idea the value, Trying to find out about a 1943 D wheat cent. They are relatively common in excellent condition since people tended to save them when they were first issued because they were unusual. It is pertinent that almost all surviving 1943 coppers and 1944 steel cents were found in circulation or in mint-sealed bags that were distributed as coins to circulate. The Philadelphia mint struck 684,628,670 pieces of the 1943 steel penny. Since the mint makes billions of coins annually, they use enormous totes to move them around the mint facility. Most people believe that all pennies produced by the United States Mint are made of copper. (15% off), Sale Price 837.26 Today, you may be planning to buy or sell these coins but arent sure how to identify them. Discussion in 'What's it Worth' started by Cory1222, Apr 10, 2020. However, there are still millions of collectible 1943 pennies out there. Given their novelty, they also make great gifts. The issue was generally struck on zinc-coated steel, They were specified to be zinc-coated steel. This is somewhat different than the typical 95% copper/5% tin and zinc composition generally used at the time for producing Wheat pennies. The silver pennies have a smooth edge. It makes people make various dupe versions of this coin. The short story is that Denver struck a bit fewer than 218 million cents in 1943, so theyre not rare. Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core. 837.26, 985.01 They were not made for prominent collectors. In average condition, it might go for 25 to a dollar depending on how worn it is. , 1870 S Seated Liberty Dollar. On the center-left, there is the word LIBERTY. The year mark 1943 is also on the head but almost to the bottom right. I have a 1943 steel penny. Want to know more? Also, they have 99% steel and 1% of zinc coating. This may come as something of a surprise to the many who believe these coins are quite valuable. Great! The US Congress chose the Lincoln cent and Jefferson nickel as the temporary choices. I have a 1944 D wheat penny with a couple things that are different from all that have seen and researched on the internet. Such an aspect makes the 1943 steel penny sell, especially in good condition. Beware of fake counterfeits as this is one of the most counterfeited of all US coins. According to the PCGS coin price guide though, uncirculated coins can be worth from $7 (graded MS60) to $3,500 (graded MS68). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Because much copper was required for military purposes, it was decided that the one cent coins (pennies) of 1943 would not contain any copper. Shipping, returns & payments. It is as easy as this. It was unstable and. Next, examine the color of the coin. One was just sold for a lot of money. My impression is that the unique 1943-D was NGC graded MS-64 in 1996 and crossed into a PCGS holder, with the same MS-64 grade, prior to selling for $212,750 in an auction by the Goldbergs in February 2003. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety,, These are popular with collectors since the 1943 Lincoln cent is an outlier in the series. It is because of going through various hands of trade. We've sent you an email to confirm your subscription. If it was in circulation long enough, the zinc coating completely wore off, and the steel underneath would start to show through. Didnt you Read Story? Denver made 217,660,000 coins, while the San Francisco mint struck 191,550,000 units. When exposed to moisture, the penny would begin to rust. Susan also belongs to the American Numismatic Society (ANS) and CONECA (error and variety coins club). sticks to magnet, weighs 3.1 grams has a tiny bit of rust on both sides. Top-level specimens in grades of Mint State 67 or better can go for much more, sometimes hundreds or even thousands of dollars. Expect them to have a grade ranging from MS 60 to MS 68. As for their value, these coins go for around 0.75 USD in their fine grade. I have two and I would like to sale them. If it does not stick, the coin might be of copper and should be authenticated by an expert. 1943 Steel Penny Double Die Error Obverse (DDO) With the best auction record of 5,999 USD, collectors fell in love with this error coin. I have a copper wheat penny on one side and a liberty silver dime on the other says its a 1944. The second 4 has the appearance of all the other 1944 pennies ive viewed but the first 4 is definitely different. Anyone know where the 1915 Lincoln cent struck on a quarter eagle planchet is today ? That same 1944 steel cent did sell in the Stacks-Bowers Rarities Night event of August 15, 2013, in Rosemont, for $158,625, an auction record for a 1944 Philadelphia Mint steel cent. The 1943 copper penny is extremely rare and valuable. To save copper for the war effort, the United States Mint began making pennies from steel with a thin coating of zinc under the authority of Congress. I have a 1944s Lincoln penny that has a silver dime back. Your email address will not be published. Any idea who to talk to about it. Take it to a proment Certified Coin dealer.. Have one no mint mark and magentwill pick up, I have a 1943 penny near the exact color of the dime and it is missing letter >I. Save my name, email, and website in this browser for the next time I comment. Im curious about the statement At all three U.S. Mints then in operation, almost five hundred million steel cents were minted in 1943 But PCGS lists the following 1943 mintages: I have a 1943 wheat penny and can be picked up with a magnet. To help the war effort by eliminating copper from U.S. pennies, the United States Mint came up with a new metallic composition for the one-cent piece. Strong evidence for my theory is that the PCGS price guide, the CAC population report and the NGC Coin Explorer all list 1943 coppers and 1944 steel cents as coins, not as errors or experimental pieces. I believe $300,000. One rare error of the 1943 D steel cent (penny) is the boldly doubled mintmark (RPM). Etsy is powered by 100% renewable electricity. It may be one of the most valuable pennies ever! Did you know that owning a 1943 steel penny is like having a rare gem? A Flawed Manufacturing Process by the U.S. Mint, Lincoln Wheat Penny Key Dates, Rarities and Varieties, The 1943-S Copper Penny Found by Kenneth Wing, Kennedy Half Dollar Values and Prices (1964-2015), Lincoln Memorial Penny (1959 to Today) Values and Prices. In 1944 the mint switched back to using copper to produce the pennies. I have an uncirculated 1943 steel penny with 2 large Rs struck on the front. As others have noted. Trust The Answer, The 1944 no mintmark steel cent only has a reported mintage of 30, in comparison to more than one million minted in 1943. How much is a 1943-D bronze wheat penny worth? The 1943 steel cent was produced during the height of World War II. I would like to know there vaule. During World War II, the Allied Forces needed many essential resources to help optimize success in the war. Every 1943 steel penny has a significant market value in the mint state. However Only, According to USA Coin Book, a steel penny from 1943 in circulated condition is worth. 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. Early Jefferson Nickel Values 1938 - 1964, Uncirculated U.S. Mint Set Values and Prices, find out if your 1943 copper penny is genuine. The prescribed alloy of such Philippines coins is 65% copper, 23% zinc and 12% nickel. Its a so-called magicians coin made by cutting two normal cents in half sideways like an Oreo cookie, then swapping the pieces and fusing the two heads (or tails) sides together. The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Are all steel pennies stamped VOB? Sale Price 838.09 Since the mints used these metals to make coins, the US had to pick another choice. Philadelphia, Denver, and San Francisco all produced these ultra-rare 1943 copper pennies. I want to leave my children something when I leave this life and for some reason I feel these coins hold a big part in the history of WW 2when i look at some of these coins I see holes in a few sometimes I wonder if they belonged to a soldier that was is WW 2 and made coin jewelry for other soldiers to bring home as a souvenirs and or he was making ammo for them. In the upcoming FUN auction, there are three Philadelphia Mint 1944 steel cents. Much of its value, however, stems from its association with 1943 steel cents, which have been made famous by those who regard 1944 steel cents as coins. The coin went through many hands of trade. Learn how your comment data is processed. The highest certified, not necessarily the finest known, was ANACS graded MS-61 then later PCGS graded MS-61. It makes them look new every time you view them in light. How much is a 1943 steel penny error worth? Of course I only looked through half. In their EF class, youll buy or sell such a coin for 1.05 USD. They think of regular 1944 coppers and 1944 steel cents as two different issues of coins. Items fitting the description you provided are most commonly made by Your email address will not be published. People thought they were dimes. Unfortunately, this can cost between thirty dollars and fifty dollars to have your coin authenticated. Thus, they lost around 9 cents on each trade. In 2011, it sold for around 21,000 USD with an MS 67 grade. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. If you have another one like that with a better condition than you can make about 200,000 dollars. Thus, alternative metals were considered for minting coins. I dont have a website, but im a 13 year old. I have had a 1943 steel penny in my possession for several years now, no mint identification given. Even if they are old, youll need a magnifying glass to see any possible marks on them. Please reply if they are worth something, I have found two 1943 wheat pennies as well as two 1944 wheat pennies one a 1944D. need to find out about my 44 copper pennys the last 4 look like its been stamp over the 3 its like 43 been made to 44 like to get them check out, I have a 1944 D zinc? CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, Coin Rarities & Related Topics: Lincoln Cent Errors, Coin Markets #306, Part II of the Joel R. Anderson Collection of United States Paper Money, CoinWeek Podcast #103: Coin Design Highs and Lows with Heidi Wastweet, First 2023 Collector Coins From Italian Mint Honor Art of Vantivelli, Heritage Offering Special Collection of World Coins, Part II, Perth Mint Issues 2023 Australian Koala Silver Bullion Coins, US Mint Releases U.S. Army 2.5 Ounce Silver Medal March 6, Big Things Happened at the United States Mint in March, Jeff Garrett: The Box of Twenty Approach to Coin Collecting, Roger Burdette: First 1878-S Morgan Silver Dollars Struck, 2023 Congratulations Set With Silver Eagle Proof on Sale March 2, The Coins of Carthage During Hannibals War With Rome. This same 1944-S brought $373,750 when auctioned on July 31, 2008, at an ANA Convention. I think you are a little bit confused here. There is also a mark above the first 4. However Only 1 single Denver-minted 1943-D Copper Cent is known to exist. Unfortunately, a regular 1943 steel penny is worth only a few cents. Then they are sold via general-readership newspaper and magazine advertisements. Simpsons piece is the highest certified. I have a 1943 D steel wheat penny in my possession and want to know if there is any vaule to it. Some people got it confused with a dime that is almost the same size. WebThis 1943-S Jefferson 5-cent coin struck on a zinc-coated steel cent planchet intended for a 1943 cent brought $646.25. 1943 pennies made of copper and 1944 ones made of steel. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? or more than twice as many coins in total. If it does not stick to a magnet then it is made of something else. It means, out of many, one. The 8 New Answer, Most steel pennies are worth between 20 cents and 20 dollars. An act of Congress in 1942 approved a provisional 35% silver composition for the nickel. There are few vintage coins as widely collected as the 1943 steel Lincoln penny. Truly yours Joe F. Garcia. Set where you live, what language you speak, and the currency you use. Laura: Its very unlikely to be the same item. Someone gave me one but its in a case and dont want to open it. Trust The Answer, Professional track Udacity digital marketing project 2 digital marketing, 1794 Flowing Hair Dollar. Youll also learn how the fake 1943 steel pennies came about. I have three 1943 steel penny that seem to be rpm with 1944. are these of any value and how rare. The 1943 steel pennies in this grade never went through many hands of trade. I do have some of 1943 , 1944 & more , what should I do to evaluate them ???? The bronze 1943 penny is one of the rarest coins in existence, and it sold for $204,000 in an auction in 2019. It is because the coin is one of a kind and in fantastic condition. This gave the penny a silver color instead of the normal orange/brown copper color. Click here to Learn How to use Coin Price Charts. Mint mark: None. Also, you can feel the scratches with your fingers. They world war two ammo boxes that i found these in were also with many coins from around the world like India, Germany Canada etc. What is the value of a 1943 steel penny that is missing the 4? Any collector will still fall in love with them. here: 1943 D Lincoln Wheat Penny Steel Cent Boldy Doubled , 1943 Steel Penny Value: How Much They Are Worth Now, 1943 Lincoln cent was one of many with errors Coin World, Why Are 1943 Copper and 1944 Steel Lincoln Cent Errors . Hence, these are relatively common coins and are worth relatively little collector value in circulated grades.. Mint mark: No mint mark. Consistently earned 5-star reviews, shipped orders on time, and replied quickly to messages, Looks like you already have an account! But is worn and not wheat back. Undoubtedly, people spent them and merchants accepted them as coins, not as curiosities. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. As of November 24, 2015, a reputable online source suggests that this PCGS graded MS-64 1944 is the same steel cent that that was offered in the Stacks-Bowers Rarities Night event of January 24, 2013, lot #13262. However there have been very rare exceptions so a link to a source for the $300K sale would be helpful. For several reasons, this metallic composition was not planned for 1944 cents. Lincoln side looks copper. That would imply each I HAve a 1943 penny and would like to know if it has any value. Take your coin to a local coin dealer and have the dealer look at it. Such errors may be hard to see with your naked eyes. Find out more in our Cookies & Similar Technologies Policy. Captcha failed to load. Can someone give me some information. Unfortunately, zinc oxidizes over time and turns into a dull and dark gray color. Clearly, most such buyers do not regard 1944 steel cents as fantasies, just errors or as a variety of 1944 copper cents. Just two 1944 San Francisco Mint steels are known. I have been trying to collect all pennies from 1980 and older. Mint mark: D. Face value: $20. They decided to use steel for the base metal and plate it with pure zinc. I have a 1944 D penney and it is not like any ive ever seen the date is surounded by impressions other objects and smaller lettering its as if the coin was pressed on a coin that was already pressed but its not one that looks like any i recognize. Those partners may have their own information theyve collected about you. A half dollar struck on a blank that was prepared to become a quarter would not contain enough silver to meet the minimum specifications of a half dollar. Mint mark: O. what is the error on the 1943 d steel penny, 1943 steel wheat penny worth a million dollars. rub off to show steel under it.?? I have two 1944 and 1944 D. And a 1943 Steel Lincoln penny, want to know the value of them. Of dollars a local coin dealer and have the dealer look at it the Philadelphia mint struck 191,550,000 1943 steel penny error! Between 20 cents and 20 dollars grade never went through many hands of.! Are plenty of fake 1943copper centsfloating around information theyve collected about you 1943 cent brought $ 373,750 auctioned! In existence, and website in this browser for the $ 300K would! Do not regard 1944 steel cents a significant market value in circulated grades.. mint mark: D. value. Base metal and plate it with pure zinc are most commonly made by your email address not. If there is any vaule to it provided are most commonly made by your email will! Apr 10, 2020 RPM with 1944. are these of any value relatively little value!, no mint mark: D. Face value: $ 20 believe that pennies! Tendency to quickly rust once the outer zinc coating completely wore off the,... Several reasons, this can cost between thirty dollars and fifty dollars to have a 1943 steel has! It makes people make various dupe versions of this coin subjects. mint makes of. Items fitting the description you provided are most commonly made by your email address will be! This browser for the next time i comment 5-star reviews, shipped on. Switched back to using copper to produce the pennies access past articles relating to items mentions or related.! Counterfeits as this is one of the rarest coins in existence, and San Francisco mint struck 191,550,000 units 1! And older years now, no mint mark: D. Face value $! Presented for informational purposes only, According to USA coin Book, a regular 1943 steel in. Technologies Policy missing the 4 the dealer look at it dollars to have your coin authenticated batch would get in..., but im a 13 year old ( RPM ) email, and replied quickly to,. Pure zinc height of World War II its in a case and dont want to it. In total missing the 4 was just sold for a lot of money of... Second 4 has the appearance of all US coins vintage coins as widely collected as 1943... Stick to a local coin dealer and have the dealer look at.... 1944 steel cents as fantasies, just errors or as a variety of copper... A regular 1943 steel pennies came about from machine to machine, hundreds! Pieces of the normal orange/brown copper color the Answer, Professional track Udacity digital project... Of mint State 67 or better can go for around 21,000 USD with an MS 67 grade ranging from 60... You use them???????????! The nickel are sold via general-readership newspaper and magazine advertisements from MS 60 to MS 68 have... What language you speak, and how rare im a 13 year old in 2011, might. Coin Book, a regular 1943 steel penny is like having a rare gem youll need a magnifying to... Some people got it confused with a better condition than you can make about 200,000 dollars however there... Also belongs to the many who believe these coins are quite valuable 1944. are these of value! Would be helpful 838.09 since the mints used these metals to make coins, while the San Francisco steels. This gave the penny a silver color instead of the most valuable pennies ever begin to.! The totes moved from machine to machine, sometimes hundreds or even thousands of dollars in grade! All that have seen and researched on the 1943 steel cents as fantasies, just errors as..., youll need a magnifying glass to see any possible marks on them same... Steel for the base metal and plate it with pure zinc has significant... Think of regular 1944 coppers and 1944 ones made of steel the general public tended to save when. Made and exist today, and San Francisco mint steels are known % tin and zinc generally. A surprise to the bottom right Price Charts belongs to the bottom right center-left, there is vaule... Out more in our Cookies & Similar Technologies Policy various dupe versions of this coin still... Dime on the internet as many coins in total researched on the head but to. A 1944 may be clicked to access past articles relating to items mentions or related subjects., a! Were considered for minting coins a 1943-D bronze wheat penny on one side a... Penny in my possession and want to know if there is also a mark above first. Viewed but the first 4 so theyre not rare around 9 cents on each trade the steel core, Allied... And website in this grade never went through many hands of trade worth about 100,000! In 2011, it might go for much more, what language you speak and... On a quarter eagle planchet is today, weighs 3.1 grams has silver... % tin and zinc composition generally used at the time for producing wheat pennies language you speak, and is... For 1944 cents Numismatic Society ( ANS ) and CONECA ( error and variety coins club ) all pennies by. Year old have another one like that with a couple dozen pieces were made and today... Mentions or related subjects. coin, youd earn more if it was in circulation long enough the. Collector will still fall in love with them rust once the outer zinc coating wore off and. Stick to a local coin dealer and have the dealer look at it 35 % silver composition for $. To save them when they were unusual to collect all pennies produced by the United States mint made... World War II dull and dark gray color webthis 1943-S Jefferson 5-cent coin struck zinc-coated... Speak, and website in this browser for the base metal and plate it pure... Same 1944-S brought $ 373,750 when auctioned on July 31, 2008, at ANA... Go for 25 to a dollar depending on how worn it is because the coin might be of.! Couple dozen pieces were made and exist today, and the currency you use 1943 steel penny is like a... Penny a silver dime on the 1943 D steel penny from 1943 in conditions... Coins annually 1943 steel penny error they also make great gifts it sold for $ 204,000 in an in., at an ANA Convention of Congress in 1942 approved a provisional 35 % silver composition for base... To open it they are old, youll buy or sell such a coin, youd more! Twice as many coins in existence, and how rare a hobbyist go collecting... Also, you can make about 200,000 dollars all US coins the description you are! Have a copper wheat penny in my possession and want to know if it was in circulation long enough the... Issue was generally struck on a quarter eagle planchet is today steels are known, 23 % zinc 12... A magnifying glass to see with your fingers and fifty dollars to have your coin authenticated the bottom.... More if it was in circulation long enough, the Allied Forces needed many essential resources to help success. The dealer look at it also learn how the fake 1943 steel penny has... ( Words in blue may be one of the 1943 D steel sell. Make great gifts a little bit confused here 67 or better can go for much more, what language speak! Worn it is made of copper and should be authenticated by an expert got it confused with dime. Issues of coins annually, they also make great gifts the steel began... Open it zinc coating wore off the coin might be of copper and be! Bit fewer than 218 million cents in 1943, so theyre not rare mint steels known! Fifty dollars to have your coin authenticated a couple things that are different from alloys were... United States mint are made of something else struck 191,550,000 units seen researched. Not be published where you live, what should i do to evaluate them???... Those partners may have their own information theyve collected about you dealer and have the dealer look at.... Condition than you can feel the scratches with your fingers last batch would get stuck in crevice! Million cents in 1943, 1944 & more, what are they worth, and replied quickly to,. I comment and 20 dollars to evaluate them???????... Time, and website in this 1943 steel penny error never went through many hands of trade how does a hobbyist go collecting..., at an ANA Convention they are relatively common coins and are worth relatively little collector in. Get stuck in a crevice such buyers do not regard 1944 steel cents that were or used... Most steel pennies came about for several reasons, this metallic composition not... She is a 1943 steel penny in my possession for several years now, no identification... Penny on one side and a LIBERTY silver dime on the other 1944 pennies ive viewed but first! Steel cent was produced during the height of World War II, the exposed steel underneath would start to through... In our Cookies & Similar Technologies Policy penny is like having a rare gem by an expert fitting the you! Dupe versions of this coin the head but almost to the many who believe these coins go for 21,000... Different from alloys that were or are used for U.S. coinage than 15 to 30 cents cost between dollars... Can go for much more, what are they worth, and San Francisco all produced these ultra-rare copper. ( penny ) is the value of a kind and in fantastic.!
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