The 1943 penny is unusual among United States one-cent coins. It’s the only regular-issue United States one-cent coin to be minted from steel (the 1944 steel penny off-metal error is not considered a regular issue), and it’s therefore one of the most popular coins people collect. 1943 steel cents are U.S. one-cent coins that were struck in steel due to wartime shortages of copper. The Philadelphia , Denver , and San Francisco mints each produced these 1943 Lincoln cents . The unique composition of the coin ( low-grade steel coated with zinc , instead of the previously 95%-copper-based bronze composition) has led to various nicknames, such as wartime cent , steel war penny , and steelie . 1943 Steel Wheat Penny. CoinTrackers.com has estimated the 1943 Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $10. Of course, many of these silver one-cent coins are 1943 pennies, which really aren’t silver pennies — they’re actually made with zinc-coated steel. However, many of these questions about silver pennies have nothing to do with 1943 Lincoln cents or even the highly rare 1944 steel cent (a mint error caused by leftover steel coin blanks getting accidentally getting stamped with the 1944 coin die). The 1943 silver wheat penny is made of steel coated with zinc. During World War 2, every bit of copper was needed to make shell casings. Therefore the penny was made out of steel during 1943 so Beware that there are many fake 1943 copper pennies. See how to spot fake 1943 copper cents. If you think you are holding a 1943 copper cent, you should have it evaluated by a third-party coin grading service to check for its authenticity. Authentic 1943 copper pennies have drastically increased in value over the years.
23 Sep 2010 NEWS & ARTICLES CATEGORIES. Previous. Copper & Nickel. Silver Coins. Gold Coins. 18 May 2013 Zinc coated steel cents were minted only in 1943. Much has been published about copper 1943 pennies being worth in excess of a million dollars. We follow up our discussion on selling circulated silver coins with one on 10 Mar 2019 After 1964, the silver content was removed from dimes and quarters and The same can be said for the 1943 copper penny struck under 8 Feb 2019 For seven decades, the lifelong city resident owned a rare 1943 bronze " Everybody hated those silver pennies, they looked like dimes," Lutes
If it sticks to a magnet, then your 1943 silver penny is NOT rare. If it does not stick to a magnet, then your 1943 silver penny IS rare. Rare 1943 wheat pennies are made from bronze — they look similar to most other copper pennies from other years. In fact, 1943 copper wheat pennies are usually worth $100,000
27 Jun 2011 The magnets would grab the steel pennies a real problem in 1943 when a penny could actually buy something! The steel pennies also tended The 1943 silver colored penny is a wartime coin issue made of steel and coated with zinc. During World War II, the war effort required a lot of copper to make shell casings and munitions. In 1943 the penny was made out of zinc plated steel to save copper for the war effort which is why most 1943 pennies are silver colored. If it sticks to a magnet, then your 1943 silver penny is NOT rare. If it does not stick to a magnet, then your 1943 silver penny IS rare. Rare 1943 wheat pennies are made from bronze — they look similar to most other copper pennies from other years. In fact, 1943 copper wheat pennies are usually worth $100,000 1943 P Lincoln Steel Cent .01 Brilliant Uncirculated. Only 7 left in stock - order soon. 1 Unsearched Shotgun Roll of Lincoln Wheat Pennies with 2 Silver Plated WWII Steel War Pennies one on each end - 50 Coins Lot. Only 5 left in stock - order soon. The 1943 pennies are made of steel not silver. There are a handful of copper 1943 pennies floating around but those are extremely rare and valuable. Even in very high grade, the 1943 steel penny isn't worth more then $50-100. Average circulated grade your looking at a few dollars at the most. The answer depends on the composition of the 1943 penny. If the penny has a silver color, it is made out of steel with a zinc coating to make it look nicer and protect it from rusting. They are fairly common in nice condition since people tended to save them when they were first issued because they were unusual.
While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000. Copper Penny Counterfeits. As he held it he reminisced about the 1943 'copper' Lincoln cent he found in change when he was a youngster, but that turned out to be a fake," said Sperber. The MS62 coin is the finest of four known 1943-S bronze cents, and it is an upgrade to an example graded PCGS AU58 that was in Simpson's The highest amount paid for a 1943 copper cent was $82,500 in 1996. 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. The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. Steel pennies were minted in 1943 because of Word War II. Copper was needed for the war effort, so production on copper pennies was halted. The U.S. Mint created the copper penny with a zinc-coated steel replacement that is an interesting coin but not rare for numismatists. 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.Copper was completely eliminated from the denomination’s composition, in favor of a one-year-only type featuring a zinc-plated steel composition. CoinTrackers.com has estimated the 1943 S Steel Wheat Penny value at an average of 65 cents, one in certified mint state (MS+) could be worth $25. (see details)