Where can I sell my 1943 steel penny is a legit question if you tend to sell one. If you’re lucky enough to have a 1943 steel penny in your collection, you may be wondering where you can sell it and how much it might be worth.

coinage, with unique origins during World War II. In this comprehensive guide, we’ll tell you everything you need to know about valuing your 1943 steel cent and finding the right buyer.

The 1943 steel penny is a fascinating piece of American numismatic history. During World War II, the United States faced a copper shortage due to the high demand for the metal in the war effort.

Mint decided to produce pennies using zinc-coated steel instead of the traditional copper planchets. In 1943, the U.S.

This was done to conserve copper for military purposes. The steel cents were made by coating the zinc-coated steel planchets with a thin layer of pure copper.

It is important to note that not all 1943 pennies are steel cents. A small number of copper planchets were accidentally struck with the steel dies, resulting in a few rare and valuable copper 1943 pennies.

Due to the short production period of the 1943 steel penny and the subsequent return to copper planchets in 1944, these coins have a relatively low mintage. This rarity, combined with the historical significance of the steel cents, has made them highly sought after by collectors.

The value of a 1943 steel cent can vary depending on its condition and any unique characteristics it may possess. In general, a circulated 1943 steel penny is worth around 10 to 25 cents, while an uncirculated one can be valued at several dollars.

Online auction platforms, such as eBay, provide a convenient and accessible marketplace for coin collectors. Local coin shops and coin shows are also great places to connect with potential buyers.

For more information on the history and value of 1943 steel pennies, you can visit reputable numismatic websites like the US Mint and PCGS. Are you curious about the value of your 1943 steel penny.

The condition of your 1943 steel cent plays a significant role in determining its value. Coins in better condition generally command higher prices.

The grades range from Poor (P-1) to Perfect Uncirculated (MS-70). If your coin is in pristine condition with no wear or damage, it will likely be worth more than one that shows signs of circulation.

Mint marks are small letters on a coin that indicate the location where it was minted. For the 1943 steel penny, there are three possible mint marks: “P” for Philadelphia, “D” for Denver, and “S” for San Francisco.

For example, the 1943-D steel penny from the Denver Mint is generally considered more valuable than the 1943-P from the Philadelphia Mint, primarily due to its lower mintage. However, it’s important to note that the absence of a mint mark (indicating it was minted in Philadelphia) can also be valuable, as it is less common.

The 1943 steel penny has a few notable varieties to look out for, such as the “Double Die” variety, where the design appears doubled due to a misalignment during the minting process. Other errors to watch for include off-center strikes, clipped planchets, and die cracks.

To determine if your coin has any special errors or varieties, consult coin-collecting resources or reach out to a professional coin dealer. When it comes to selling your 1943 steel penny, there are several options available.

Be sure to research each option to find the best platform for selling your coin and always consider getting multiple appraisals to ensure you get a fair price. Remember, the value of your 1943 steel penny can vary based on market conditions, demand, and the factors discussed above.

If you are wondering where you can sell your 1943 steel penny, there are a few options available to you. Here are some popular avenues to consider:

These professionals have a deep knowledge of coins and can provide you with an accurate appraisal of your penny’s value. They may even be interested in purchasing it directly from you.

Attending a coin show can be a great way to connect with potential buyers who specialize in rare and collectible coins. These events bring together coin enthusiasts, collectors, and dealers from all over the country.

To find upcoming coin shows in your area, websites like Coin Shows or PCGS (Professional Coin Grading Service) can be helpful. Selling your 1943 steel penny through online auctions can give you access to a global market of potential buyers.

Be sure to provide clear and detailed information about the coin’s condition, history, and any certifications it may have. This will help attract serious buyers and increase your chances of getting a good price.

Consider getting it appraised by a professional before making any decisions. Additionally, be cautious of potential scams or fraudulent buyers.

When it comes to selling your 1943 steel penny, it’s important to have a solid plan in place to ensure you get the most out of your investment. Implementing the right selling strategies can help you maximize your profit and make the process smoother.

Before selling your 1943 steel penny, it’s crucial to get multiple appraisals from reputable coin dealers or collectors. This will give you a better understanding of the coin’s potential value and help you determine a fair asking price.

instead, take the time to shop around and compare different appraisals. This will give you a better idea of the market value and help you negotiate a higher selling price.

A reserve price is the minimum price you’re willing to accept for your coin. By setting a reserve price, you can ensure that if the bidding doesn’t reach that threshold, you won’t be obligated to sell.

However, it’s important to set a realistic reserve price based on the coin’s appraised value to attract potential buyers. When selling a rare coin like the 1943 steel penny, it’s essential to be realistic about the timeframe it may take to find the right buyer.

Therefore, it’s crucial to have patience and be prepared for a longer selling process. Consider listing your coin on reputable online marketplaces or reaching out to coin dealers who specialize in rare coins.

By implementing these selling strategies, you can increase your chances of selling your 1943 steel penny for a higher price. Remember to do your research, set realistic expectations, and be patient throughout the process.

A 1943 steel penny is a true numismatic rarity, so selling it requires diligence to determine its value and find trustworthy buyers. With some knowledge and patience, you can get top dollar for your rare World War II-era penny.

Good luck.

Most steel pennies are worth between 20 cents and 20 dollars. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars.

Steel pennies are Lincoln Wheat cents made in 1943. That year, the U.S.

In 1944 the mint went back to making pennies with the normal copper composition. There are few vintage coins as widely collected as the 1943 steel Lincoln penny.

This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin.

penny. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents.

note: This article is periodically updated to reflect the current value of 1943 steel cents. 1943 Lincoln Wheat cent, steel composition.

Listen to this post about the 1943 steel penny or keep reading below:.

The 1943 copper penny is extremely rare and valuable. Only a couple dozen pieces were made and exist today, and each is worth about $100,000.

The record price for a 1943 copper Lincoln penny is over $1,700,000 at auction in 2010. 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.

The steel penny may seem like a random anomaly to some. Yet the coin has a vital connection to an international historical event.

This global conflict saw the United States military’s involvement from 1941 through 1945. During World War II, the Allied Forces needed many essential resources to help optimize success in the war.

However, copper and nickel were also integral in making coins. Thus, alternative metals were considered for minting coins.

Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. An act of Congress in 1942 approved a provisional 35% silver composition for the nickel.

A litany of tests and patterns followed for the emergency composition, including plastic and glass. 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.

The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. However, many in the public were less than thrilled with the alternative composition.

Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core.

After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. This was accomplished by using copper shell casings gathered from military training facilities.

This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies.

This may come as something of a surprise to the many who believe these coins are quite valuable. That common misperception likely stems from the popularity of the well-known 1943 bronze cents.

Image: USA CoinBook. The 1943 steel cents are quite common, and more than 1 billion were struck for circulation.

Many 1943 steel cents ultimately corroded beyond recognition or were otherwise lost to time. However, there are still millions of collectible 1943 pennies out there.

Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. Typical examples in uncirculated condition usually realize $1 to $5.

There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63.

Otherwise, non-error steel cents are not in themselves rare. Their value lies in their novelty.

1944 steel Lincoln cent. Image: PCGS.

Their steel counterparts are much more common. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation.

1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. Thus, 1944 steel cents are exceptionally scarce and command very high values.

Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set.

Often they are “reprocessed” (stripped and recoated) pieces assembled in plastic display cases. Then they are sold via general-readership newspaper and magazine advertisements.

There is no right or wrong way to collect 1943 Lincoln cents. Given their novelty, they also make great gifts.

They can be collected as part of a short set or incorporated into a larger run of Lincoln cents. Indeed, the 1943 steel pennies are favorites among non-numismatists and veteran coin collectors alike.

He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. More about rare coins and coin values from the author:

Here’s How to Test Your Silver & Gold. Buffalo Nickel (1913–1938): Values & History.

Mercury Dime (1916–1945): Values & History. Washington Quarters: Key Dates & Varieties.

Table of Contents. We’re used to seeing cents made of copper.

So are they valuable.

We’re going to explore the 1943 steel penny value and the factors that determine it. And along the way, we’ll find out more about the design and key features of this interesting coin.

Step this way.

The steel penny minted in 1943 is part of the series known as Lincoln cents or pennies. They get their name from the image on their obverse, a portrait of President Abraham Lincoln.

But 1943 pennies are silver-toned, and are known as “steel pennies”. They get their color from their zinc coating, but their core is made of steel.

Copper was used extensively in the manufacture of munitions, including shell casings, tanks and even airplanes. Replacing copper cents with steel ones was an obvious way of preserving copper stocks.

It wasn’t all smooth sailing for the steel pennies. Vending machines had magnets that rejected fake copper coins with steel slugs.

The edges of the coins weren’t galvanized either, which gave rise to more problems. When the coins came into contact with moisture, the edges quickly began to corrode.

All this meant that, after the first year, the steel penny experiment wasn’t repeated. In 1944, pennies were instead made from salvaged brass shell casings augmented with copper.

The obverse of the 1943 steel penny bears the portrait of President Abraham Lincoln. It’s the same image that appears pennies struck since 1909, and it was the work of an artist called Victor David Brenner.

They had originally appeared on the reverse, but there was criticism that they were too prominent and they were removed. Brenner’s initials were not restored until 1918, when they appeared on the obverse in the position they still occupied in 1943.

The word “Liberty” is to its left, while the date is to the right. If the coin has a mintmark, that will appear below the date.

The reverse of the 1943 steel penny has the same design as the earliest Lincoln cents, two ears of wheat. The denomination and country name is inscribed between them.

This Latin motto means “From the many, one” and refers to the creation of the country from the individual states. Like the obverse of the penny, the reverse was designed by Victor David Brenner.

That silver shade comes from its composition – a steel core clad in zinc. The steel content means it’s the only magnetic US coin.

It weighs 2.7 grams, compared to the 3.11 grams of the cents issued the previous year. This YouTube video from VIP Art Fair Collectibles looks in detail at the history and features of the 1943 steel penny.

In 1943, steel pennies were produced at all three major Mint facilities – Philadelphia, Denver and San Francisco. Most were struck in Philadelphia, which produced more than 684 million coins.

If there’s no small letter beneath the date on the obverse, your penny was struck in Philadelphia. Steel pennies are interesting and collectable coins, but they’re not all worth huge amounts of money.

That’s graded on a scale from 1 to 70. A coin graded 1 is in very poor condition, with just enough detail to identify its year and denomination.

1943 steel pennies struck in Philadelphia are generally worth less than a dollar in lower grades. Coins graded XF40 – which the independent coin graders the PCGS describe as “extremely fine” – are worth around a dollar.

They’re coins that have never been circulated and show minimal wear as a result. A Philadelphia 1943 steel penny graded MS60 is worth about $11.

The better the quality, the rarer the coin and the higher the price. Beyond MS65, values climb steeply.

But the finest known examples of Philadelphia 1943 steel pennies are graded half a point higher, at MS68+. The PCGS has certified three coins at this level, and one of those was presented at auction in 2020.

Denver was second in producing 1943 steel pennies, responsible for striking well over 217 million coins. These can be identified by the “D” which appears on the obverse, beneath the date.

Coins graded below XF40 are valued at less than a dollar. Values remain steady at $1 from XF40 to AU55 (AU stands for “about uncirculated”) and jump to $7 at AU57.

But at some higher grades, Denver coins are harder to find and command a premium. A Denver 1943 steel penny graded MS66 is valued at $65, compared to $50 for the Philadelphia equivalent.

Go further up the scale, and the pattern switches again. A Denver 1943 steel penny graded MS67+ is valued slightly lower than its Philadelphia equivalent, $525 against $550.

And at MS68+, the highest grade for both mint marks, the Denver coin is valued at less than half the Philadelphia version – $15,000. So why the difference.

While only three Philadelphia steel pennies have been certified by the PCGS at MS68+, twice that number with the Denver mint mark are known to exist.

But it still struck over 191 million of them in 1943. And collectors appear to have hoarded coins in excellent condition, meaning they’re relatively plentiful today.

Indeed, up to MS65, values for San Francisco steel pennies are almost the same as for those struck in Philadelphia or Denver. A gem quality MS65 coin from San Francisco is valued by the PCGS at $38, just $8 more than the Philadelphia or Denver equivalents.

As with the other mint marks, coins at higher grades become scarcer and more expensive. 129 San Francisco steel pennies have been certified at MS68, and the PCGS values those at $3,500 apiece.

These are valued at $35,000, the same level as the Denver steel pennies, despite their greater availability. Some of the San Francisco coins are particularly attractive, with glossy fields and frosted devices.

They are few and far between. To date, the PCGS has certified just one coin each at MS64, MS66 and MS66+.

The PCGS doesn’t estimate the value of any of these coins, but the MS63 example was presented at auction in 2020. It sold then for just over $200, ten times the value of a mint state San Francisco steel penny without the proof-like designation.

The change of composition of the penny in 1943 gave rise to one of the rarest of all Mint errors – the transition error. This occurs when the coin is struck on a planchet of the old type.

Instead of being struck on the new steel and zinc planchets, they were struck on the traditional bronze variety. In any condition, these coins are highly collectable – and valuable.

All other things being equal, brown coins tend to be the least expensive and red the most. The PCGS has certified ten bronze pennies in brown, graded from XF45 through to MS62.

There’s a sole red and brown coin graded MS61, and that’s valued at $425,000. And the single finest example known to exist is a red coin graded MS63.

With values like these, it’s not surprising that a number of fake coins have been produced by cladding steel coins in copper. This YouTube video from CoinHELPu shows how to tell the difference between a fake and the real thing.

One of the most unusual pennies produced by the United States Mint was the “1943 Silver Pennies.” Most people believe that all pennies produced by the United States Mint are made of copper. Therefore, when someone finds one of these silver pennies in their pocket change, they believe they have come across a great rarity.

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.

Mint produced the penny out of zinc plated steel to save copper for the war effort, so most 1943 pennies are silver colored.

American citizens were asked to conserve food such as sugar, meat, cooking oil, and canned goods. Essential goods were rationed to American citizens using coupon books issued by the government.

They are worth about 10 to 13 cents each in circulated condition and as much as 50 cents or more if uncirculated. The following table lists the buy price (what you can expect to pay to a dealer to purchase the coin) and sell value (what you can expect a dealer to pay you if you sell the coin).

The following two columns list the buy price and the sell value for an average uncirculated. These are approximate retail prices and wholesale values.

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.

Unfortunately, zinc oxidizes over time and turns into a dull and dark gray color.

The moisture caused the zinc coating to turn to an ugly blackish color. As the zinc coating wore off the steel core, the exposed steel underneath began to rust.

The manufacturing process for producing the planchets was also flawed. Mint workers first rolled a sheet of steel to the proper thickness.

The blanking press punched coin blanks punched out of it. The manufacturing process resulted in bare steel exposed on the edge of the coin.

Also, the public rejected this new coin. Some people got it confused with a dime that is almost the same size.

This caused problems with people’s clothing leaving a rusting.

Since the mint makes billions of coins annually, they use enormous totes to move them around the mint facility. As the totes moved from machine to machine, sometimes a blank from the last batch would get stuck in a crevice.

The coining press struck the copper planchets with the 1943 date. Philadelphia, Denver, and San Francisco all produced these ultra-rare 1943 copper pennies.

In 1944 the mint switched back to using copper to produce the pennies. Once again, the totes contained a few zinc-coated steel planchets stuck in the crevices.

These errors are extremely rare, but if you think you might have a 1943 copper penny or a 1944 steel penny, here’s how to find out if your 1943 copper penny is genuine. It may be one of the most valuable pennies ever.

Mintage: 684,628,670 Minted at: Philadelphia (No Mint Mark) Designer – Engraver: Victor D Brenner Metal Composition: Steel Coated Zinc Diameter: 19 mm Mass / Weight: 2.7 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc.):1943 Lincoln Wheat Cents look like “silver pennies” but they are actually made out of steel.

Zinc-coated steel was used as the substitute metal composition and hence the new silver-like coin is known as the wartime steel cent or steel penny.

Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin’s Metal is Worth (bare minimum value of coin).

MELT VALUE: $0.0006 Show people this coin: More 1943 Penny Mints/Varieties 1943 Penny: Steel Cent1943-D Penny: Steel Cent1943-D Penny: Steel Cent – Boldy Doubled Mintmark1943-S Penny: Steel Cent1943 Penny: Bronze/Copper1943-D Penny: Bronze/Copper1943-S Penny: Bronze/Copper View Entire Lincoln Wheat Cent Penny Coin List Even More Lincoln Wheat Cent Penny Years/Mints/Varieties 1941-S Penny1941-D Penny1942-S Penny1942-D Penny1942 Penny1944 Penny1944-D Penny1944-D Penny: D Over S1944-S Penny1944 Penny: Steel Cent View Entire Lincoln Wheat Cent Penny Coin List.

Minted at: Philadelphia (No Mint Mark). Designer – Engraver: Victor D Brenner.

Diameter: 19 mm. Mass / Weight: 2.7 grams.

Show people this coin:.

More 1943 Penny Mints/Varieties 1943 Penny: Steel Cent1943-D Penny: Steel Cent1943-D Penny: Steel Cent – Boldy Doubled Mintmark1943-S Penny: Steel Cent1943 Penny: Bronze/Copper1943-D Penny: Bronze/Copper1943-S Penny: Bronze/Copper View Entire Lincoln Wheat Cent Penny Coin List Even More Lincoln Wheat Cent Penny Years/Mints/Varieties 1941-S Penny1941-D Penny1942-S Penny1942-D Penny1942 Penny1944 Penny1944-D Penny1944-D Penny: D Over S1944-S Penny1944 Penny: Steel Cent View Entire Lincoln Wheat Cent Penny Coin List.

More 1943 Penny Mints/Varieties 1943 Penny: Steel Cent1943-D Penny: Steel Cent1943-D Penny: Steel Cent – Boldy Doubled Mintmark1943-S Penny: Steel Cent1943 Penny: Bronze/Copper1943-D Penny: Bronze/Copper1943-S Penny: Bronze/Copper View Entire Lincoln Wheat Cent Penny Coin List.

1943 Penny: Steel Cent1943-D Penny: Steel Cent1943-D Penny: Steel Cent – Boldy Doubled Mintmark1943-S Penny: Steel Cent1943 Penny: Bronze/Copper1943-D Penny: Bronze/Copper1943-S Penny: Bronze/Copper View Entire Lincoln Wheat Cent Penny Coin List.

Even More Lincoln Wheat Cent Penny Years/Mints/Varieties 1941-S Penny1941-D Penny1942-S Penny1942-D Penny1942 Penny1944 Penny1944-D Penny1944-D Penny: D Over S1944-S Penny1944 Penny: Steel Cent View Entire Lincoln Wheat Cent Penny Coin List. Even More Lincoln Wheat Cent Penny Years/Mints/Varieties.

1941-S Penny1941-D Penny1942-S Penny1942-D Penny1942 Penny1944 Penny1944-D Penny1944-D Penny: D Over S1944-S Penny1944 Penny: Steel Cent View Entire Lincoln Wheat Cent Penny Coin List. For Sale 176Auctions 0Wishlist 0Collection 286.

1943-P Steel Lincoln Wheat Cent Lot H FAST SHIPPING, TRACKING INCLUDED, AND PROMO CODE ✅ $2.00 Seller: QualityCoins1Certification Agency: OtherCondition: See Description 1943-P Steel Lincoln Wheat Cent Lot A FAST SHIPPING, TRACKING INCLUDED, AND PROMO CODE ✅ $2.00 Seller: QualityCoins1Certification Agency: OtherCondition: See Description 1943-P Steel Lincoln Wheat Cent Lot Y FAST SHIPPING, TRACKING INCLUDED, AND PROMO CODE ✅ $2.00 Seller: QualityCoins1Certification Agency: OtherCondition: See Description 1943-P Steel Lincoln Wheat Cent Lot CC FAST SHIPPING, TRACKING INCLUDED, AND PROMO CODE ✅ $2.00 Seller: QualityCoins1Certification Agency: OtherCondition: See Description 1943 STEEL LINCOLN WHEAT CENT ROLL (WORLD WAR 2 ERA) LOT E031 ONE TIME SHIPPING COST FOR ALL ORDERS PURCHASED AT THE SAME TIME $9.95 Seller: TreasureCoins44Certification Agency: Raw / Unspecified 1943 Lincoln Wheat Cent Small Cent : Steel Cent Circulated but nice ,check pics $0.42 Seller: VintageGuitaristCertification Agency: Raw / UnspecifiedCondition: Circulated 1943 STEEL LINCOLN WHEAT CENT (World War 2 Era) LOT D897 ALWAYS COMBINED SHIPPNG ~ PAY SHIPPING FOR ONE LISTING AND THE REST SHIP FREE.

Mintage: N/A Minted at: Denver Designer – Engraver: Victor D Brenner Metal Composition: Steel Coated Zinc Diameter: 19 mm Mass / Weight: 2.7 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc.):One rare error of the 1943 D steel cent (penny) is the boldly doubled mintmark (RPM).

A bold “D” is stamped on top of a very noticeable but more subtle “D” mintmark separated by great distance as depicted in the example image of the coin above. Source of example image is courtesy of Heritage Auctions.

Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins.

Click here to see the Melt Value of every US Coin.

Minted at: Denver. Designer – Engraver: Victor D Brenner.

Diameter: 19 mm. Mass / Weight: 2.7 grams.

Show people this coin:.

More 1943 Penny Mints/Varieties 1943 Penny: Steel Cent1943-D Penny: Steel Cent1943-D Penny: Steel Cent – Boldy Doubled Mintmark1943-S Penny: Steel Cent1943 Penny: Bronze/Copper1943-D Penny: Bronze/Copper1943-S Penny: Bronze/Copper View Entire Lincoln Wheat Cent Penny Coin List Even More Lincoln Wheat Cent Penny Years/Mints/Varieties 1941-S Penny1941-D Penny1942-S Penny1942-D Penny1942 Penny1944 Penny1944-D Penny1944-D Penny: D Over S1944-S Penny1944 Penny: Steel Cent View Entire Lincoln Wheat Cent Penny Coin List.

More 1943 Penny Mints/Varieties 1943 Penny: Steel Cent1943-D Penny: Steel Cent1943-D Penny: Steel Cent – Boldy Doubled Mintmark1943-S Penny: Steel Cent1943 Penny: Bronze/Copper1943-D Penny: Bronze/Copper1943-S Penny: Bronze/Copper View Entire Lincoln Wheat Cent Penny Coin List.

1943 Penny: Steel Cent1943-D Penny: Steel Cent1943-D Penny: Steel Cent – Boldy Doubled Mintmark1943-S Penny: Steel Cent1943 Penny: Bronze/Copper1943-D Penny: Bronze/Copper1943-S Penny: Bronze/Copper View Entire Lincoln Wheat Cent Penny Coin List.

Even More Lincoln Wheat Cent Penny Years/Mints/Varieties 1941-S Penny1941-D Penny1942-S Penny1942-D Penny1942 Penny1944 Penny1944-D Penny1944-D Penny: D Over S1944-S Penny1944 Penny: Steel Cent View Entire Lincoln Wheat Cent Penny Coin List. Even More Lincoln Wheat Cent Penny Years/Mints/Varieties.

1941-S Penny1941-D Penny1942-S Penny1942-D Penny1942 Penny1944 Penny1944-D Penny1944-D Penny: D Over S1944-S Penny1944 Penny: Steel Cent View Entire Lincoln Wheat Cent Penny Coin List. For Sale 0Auctions 0Wishlist 0Collection 4.

One of the most frequently asked questions that a numismatist gets is, “How rare is my 1943 silver penny. ” It is perfectly understandable since most pennies that people see are made out of copper.

Unfortunately, many people alive during the 1940s have now passed away. Therefore, very few people remember when these unique pennies circulated with the common copper cents.

Therefore, before you invest any money in purchasing rare coins, make sure they are authenticated by a professional or deal with a trusted coin dealer.

Copper is an essential metal in the manufacturing of ammunition. 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.

Is your 1943 penny rare. The answer depends on the composition of the 1943 penny.

They are relatively common in excellent condition since people tended to save them when they were first issued because they were unusual. Unfortunately, a regular 1943 steel penny is worth only a few cents.

As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. If it was in circulation long enough, the zinc coating completely wore off, and the steel underneath would start to show through.

To “revive” some of the original beauty, some unscrupulous coin dealer’s started to re-plate the steel pennies with a fresh zinc coating. Although these pennies show a brilliant shine, they are considered damaged coins and carry little to no value.

If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more. The reason is that the 1943 copper penny is an error coin.

But very, very few of these left the U.S. Mint facilities.

These error coins were not intentional. Some copper planchets leftover from the previous year got stuck in the corners of the large bins that moved the blank planchets around the mint.

Unfortunately, there are plenty of fake 1943 copper cents floating around. Some were intended to be novelty items and are just steel pennies dipped or plated in copper.

Also, counterfeiters in foreign countries have created very deceptive-looking counterfeits. These counterfeit coins are so well-made that they can even fool experience coin dealers.

Fortunately, there are straightforward tests to determine if your 1943 copper penny is genuine.

Ultimately, you need to send it to a third-party grading service to have it authenticated and encapsulated. Unfortunately, this can cost between thirty dollars and fifty dollars to have your coin authenticated.

Before you waste your money sending your coin to a third-party grading service only to have it come back as an altered or counterfeit coin, here’s a few things you should do:.

Did you know that owning a 1943 steel penny is like having a rare gem. But how much would this coin earn you in today’s coinage market.

The 1943 steel pennies have a unique history in the family of wheat pennies. They were among the two coins to be made from steel by the three US mints.

It will be greater if you own a 1943 steel penny with errors. Such coins have a high rarity and market price.

Let’s start with the price table of different 1943 steel penny types. Below is a table with a helpful guide to today’s prices of 1943 steel pennies.

It will help you get the best bargain in today’s market. Like most ancient coins, the 1943 steel pennies vary in value because of their general state, rarity, and mintmark.

These 1943 steel penny coins have the lowest value in all the grades. It’s because the Philadelphia mint made the highest number.

Expect the value to rise to 0.35 USD in fine grade, 0.48 USD in extremely fine form, and sell at 1.50 USD in the uncirculated grade.

In their fine class, it will earn you 0.50 USD. in their excellent state, the coin sells for 0.68 USD.

They have a better value than the 1943 steel pennies without mint marks. It’s because the Denver mint made them in lesser numbers.

Any 1943 “S” steel penny in its best grade will give you the highest profit among the three types. The San Francisco mint made them in the lowest numbers.

You can sell them for at least 0.23 USD in the lowest state. If you have it with the highest mint state, the coin can earn you around 5.63 USD.

Every collector should have excellent coin-grading skills. The learning process takes some years of deep study of coins.

Below are the skills you can use to know if your 1943 steel penny is in excellent grade or not. The 1943 steel pennies in this grade never went through many hands of trade.

Coins in this class have a sweet luster. It makes them look new every time you view them in light.

You’ll see a sweet glow on President Lincoln’s cheeks and jaw. So, if you have such a 1943 steel penny, please treasure it.

Expect them to have a grade ranging from MS 60 to MS 68. Your 1943 steel penny would be in this class if it circulated only through a few hands of trade.

Still, seeing these signs with your naked eyes is not easy. Most of the details in Lincoln’s portrait are visible.

Some coins in this grade can feel smooth if you touch them. It is because of going through various hands of trade.

Any collector will still fall in love with them. So, they range from at least EF 40 to around EF 49.

But the coin will have wear marks you can see with your naked eyes. Also, you can feel the scratches with your fingers.

As for the remaining ones, collectors kept them in a proper state. Such a move helps maintain their quality.

A 1943 steel penny in this class has much damage, including rust. Also, the owner isn’t taking care of it.

Most of the details on Lincoln’s face aren’t present. It has the lowest value, which is close to its face value.

Getting a 1943 steel penny with errors makes it sell for more money. It’s the rarity of the mistake that raises the coin’s value.

With the best auction record of 5,999 USD, collectors fell in love with this error coin. It’s because the double strike is well present on the lettering and year mark.

If you won such a coin, you’d earn more if it was uncirculated. All 1943 steel pennies had a zinc coating.

In 2010, the coin sold for a record USD 1 million. It is because the coin is one of a kind and in fantastic condition.

The Denver mint also made a punching mistake on the 1943 steel coins. You’ll see the error on the D mark.

At the MS 67, the coin can sell at least 10,200 USD. With an MS 66 grading, this coin’s rare error will earn you a huge profit.

Such errors may be hard to see with your naked eyes. The coin’s market price is around 475 USD.

During those tense times, the USA decided to intervene in the great war from 1941 to 1945. Most coin collectors treasure it because of how the US fell for its final look.

It pushed the US government to invest more in its armor. So, the US army used most of the items for the war’s success.

Since the mints used these metals to make coins, the US had to pick another choice. The US Congress chose the Lincoln cent and Jefferson nickel as the temporary choices.

A designer, Victor D. Brenner, made the 1943 steel penny coins art.

So, the US government allowed the mints to strike the coins with this design to honor Abraham Lincoln’s 100 birthday. Such an aspect makes the 1943 steel penny sell, especially in good condition.

Denver made 217,660,000 coins, while the San Francisco mint struck 191,550,000 units. Remember, the government chose this way because it was cheap.

Also, the looks of this coin confused some people who weren’t keen on details. People thought they were dimes.

Besides the confusion in their looks, people claimed that these coins lost their beauty fast. After they went through various hands of trade, the coins rusted.

In 1944, the US government heard its citizens’ cries. So, the mints stopped making Lincoln cents using steel.

Though the war was still on, the US collected the metals from their military training areas. Today, you may be planning to buy or sell these coins but aren’t sure how to identify them.

On the head, the 1943 steel penny has Abraham Lincoln’s head as he faces on the right. If the coin is uncirculated, you’ll see the collars of Lincoln’s suit in an eat shape.

His hair appears to have amazing curls. It can add more value to today’s coin market.

Remember, these aspects appear great if the coin is in a crisp status.

Curving on the top, the coin has the lettering “E PLURIBUS UNUM.”. The first two letterings, E and PLURIBUS, have a dot between them.

At that time, it was the US de facto motto. Also, it shows how the US was determined to urge various states to form one united country.

The lettering “ONE CENT” has the largest font size and is close to the center. It appears as a single-line text.

If in excellent condition, the sheaves attract many miners and collectors. All 1943 steel pennies weigh about 2.702 grams.

They also have a diameter of 19.05 millimeters. Also, they have 99% steel and 1% of zinc coating.

All the 1943 steel pennies that the San Francisco mint made have the mark “S.” As for the ones from Denver, they have the mint mark “D.” Both the “D” and “S” marks are below number 9 of the year mark on the obverse. Here are the other top queries that most collectors and coin traders tend to ask.

You’ll also learn how the fake 1943 steel pennies came about. You can sell your coin at a bidding event, pawn, or coin shop.

Every 1943 steel penny has a significant market value in the mint state. It makes people make various dupe versions of this coin.

The coins can also have a copper coating to appear among the rare 1943 steel pennies. The 1943 “D” steel penny with the.

One of the most controversial and emblematic coins the United States Mint ever produced is the 1943 Steel Penny. This highly sought-after coin is particularly unique because it was minted during the time of World War II.

We will also explore the fascinating history, rarity, and value of the 1943 Steel Lincoln Wheat Penny. In 1941, the United States of America joined forces with the Allies in the fight against the Axis in World War II.

That caused a shortage of that metal in different sectors of the industry at the time, including for coinage. Unable to use copper in various coin denominations (which included the Lincoln Cent and the Jefferson Nickel) due to the war effort, Congress prompted the United States Mint to search for a substitute (yet temporary) for copper.

Ultimately, Congress approved a composition of 99% steel and a thin layer of zinc coating. The alloy resulted in a coin very visually different from its previous issues in terms of coloration.

Many started calling it “the silver penny” because of that. And many people not really involved with the numismatic community actually thought it was made of silver.

People didn’t like the fact that it resembled a nickel and would often mistake one for another. Also, with time, as the zinc coating started to wear off, it would reveal the steel core.

The following year, the mint brought back the original 95% copper and 5% zinc alloy. Check out the list of the 19 most valuable pennies ever sold.

Source. The design of the 1943 zinc-plated steel Cent is simple yet iconic.

The reverse side of the coin features two wheat stalks encircling the words “One Cent” and the year of minting, 1943. This design was created by Victor David Brenner, the same artist responsible for the design of the original Lincoln Penny, in 1909.

Mint marks can be found on the reverse side of the coin under the words “One Cent.” Coins from the Philadelphia Mint bear no mint mark, while the Denver and San Francisco Mints used a “D” and “S” respectively. Mint marks are important in identifying the origin of a coin and can affect its rarity and value.

Thus, it is safe to say that the coin is pretty common in numismatic terms. Specimens in poor circulated conditions aren’t worth more than 15 to 30 cents.

See the full price chart below according to the PCGS coin price guide. Description.

MS68+. 1943 Steel Cent.

$5,000. $35,000.

$3,100. $15,500.

$3,500. $35,000.

Mint produced some error coins that feature among the rarest coins in US history. See the list below:

Source. This error strike features a double “D” mint mark from the Denver Mint.

Source. This is arguably one of the rarest variations in the American numismatic realm and could be quite more valuable than their steel counterparts.

An MS63 specimen, still bearing its original reddish coloration, struck in a bronze planchet (95% copper and 5% tin and zinc) sold for over $1 million for a private coin collector. There are also 1943 Bronze Pennies bearing mint marks from Denver and the San Francisco Mint.

Read more about the full 1943 Copper Penny in our article. Interestingly enough, in 1944, when the US Mint should have returned to the bronze alloy, some zinc-coated steel planchets ended up in the pressing machines and were struck with the 1944 mint year.

One specimen in mint state (graded MS66) was sold at an auction for $408,000 on August 22, 2021.

Source. Check out our list of the most valuable Wheat Pennies.

Many ill-intentioned people have tried plating a steel cent with copper to make it look like a 1943 bronze Lincoln cent. However, it is pretty easy to identify a steel penny.

Steel is a magnetic metal, whereas copper is not. If the coin is attracted by the magnet, it is a steel penny and is likely not worth a considerable value.

Another difference is that copper cents weigh 3.11 grams. Steel cents, on the other hand, weigh 2.702 grams.

For instance, taking a 1948 copper penny and scratching the last digit to make it look like a number 3. But the 3 in the original 1943 steel and bronze cents have a long tail (as seen below).

As we have covered before, 1943 steel pennies are pretty common. However, if your penny is made of bronze (copper and zinc), or even another unknown composition, it might be a rare find.

You can test the metal composition with a magnet. If it sticks to the magnet, it is made of steel.

According to the PCGS coin price guide, a 1943 steel penny in uncirculated condition (graded MS60 or above) is currently worth from $7 (MS60) to $3,500 (MS68). Yes.

As we have mentioned before, you can use a magnet to identify it. Another scheme involves altering the dates from other issues.

The copper-zinc penny, made with leftover bronze planchets from 1942 is the most valuable variation (or error coin) from the 1943 mint year. SD Bullion is your home for numismatic bullion products at the lowest prices online, guaranteed.

Make sure to reach out to one of our customer support representatives in case you have any questions. We are available over the phone at 1(800)294-8732 and at [email protected].

note: This article is periodically updated to reflect the current price of most valuable coins. When you come across a 1943 Lincoln Steel Penny, the first question that comes to mind is – what was the reason for creating this type of valuable coin made of silver more like a dime than a penny.

In this article you will learn in a simple but profound way what a 1943 Steel Penny is, list of rarities that make them highly valuable for collectors and most important… which are the most expensive. Coleccionistasdemonedas.com Estimated Value of 1943 Steel Penny today is:

How To Tell If You Have One Too. From 1909 to 1958 the U.S.

Above the bust, you can read the legend “In God We Trust“, behind him (i.e. in the field on the left) the word “Liberty” and on the right, the date and mint mark are inscribed, Denver or San Francisco.

Two of these materials were diverted, among other sectors, from monetary production to the manufacture of ammunition and artillery: copper and nickel.Therefore, in 1943, other materials had to be tested for the manufacture of coins other than the traditional copper and nickel ones.

On its back are two wheat leaves, appearing on either side of the central legend – which became known as the “wheat penny“. In the center, and in descending order appears the inscription “E-Pluribu-Unum“, “ONE CENT” and below “UNITED STATES OF AMERICA“.

Later, from 1959 to 2008, the back of the Lincoln penny was modified with the well-known Frank Gasparro’s design, in which the two wheat leaves on the back for which Lincoln’s pennies were known were removed. In addition to the weight, another feature that differentiated the 1943 Lincoln Steel Penny from the previous Lincoln Penny was its reaction to a magnet, since it had a high percentage of steel that used to stick.

Since the main material that made up the coin was steel, new dies had to be used and changed from time to time because the hardness of the steel soon wore them out. It also required increasing the pressure on the coinage so that the designs would be well engraved on the steel disks.

The 1943 Lincoln Steel Penny was cast at three mints: Philadelphia (no mint mark), Denver (“D”) and San Francisco (“S”). The quantities produced for that year of 1943 at the various mints were:

For its part, San Francisco Mint produced the lowest number of units during the year of 1943. However, finding a Lincoln Steel Penny 1943 in grade MS68 or higher is a more difficult task if it comes from Philadelphia rather than either of the other two mints, so its value is higher in high quality.

During 1943 no Lincoln Steel Penny was minted in Proof quality. Which 1943 steel penny is valuable.

Check to see if it falls into one of the categories on this list. This rare variant of the 1943 Philadelphia Lincoln Steel Penny consists of a double coinage on the back.The highest value obtained for this variant was $2,150 in 02/2020 for a piece in MS67 quality.

Here you can see 2020 prices in different grades: It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities.

Graduations higher than MS67 are rarer and more highly rated. Thus there are only two copies in MS68+, 154 copies in MS68 and 110 copies in MS67+.

The maximum price achieved for a piece of this year and mint was $6,000, in August of this year 2020. Of the 217,660,000 1943 Lincoln Steel Pennies minted in Denver, only a few, out of 4,000, are double-minted with the initial/mint mark (“D”).This double minting is very easy to discover since the second “D” is more displaced from the first.

Click to see auction record. Out of 4,000 known coins with this double “D” variant, only 200 units have an MS65 or higher graduation, and therefore are much more valuable and coveted by collectors.

The prices reached by the highest graduations these last two years have been: The record price for a copy of this variant was reached in 2011 for an MS67 quality, $21,275.

However, the valuable specimens in MS65 graduations or higher reach 20,000 specimens, a figure very similar to the 24,000 specimens of the 1943-D Lincoln Steel Penny registered in these same qualities.The maximum price for a 1943-S penny was $207,000 in 2010 for a VF35 graded copy. Earlier this year 2022 we have seen a 1943-S Steel penny MS68 PCGS top out at $3,720 (source).

It was minted in the three mints, Philadelphia, Denver and San Francisco.It had its origin in the unused plates of the previous year, 1942 (click here to know about 1942 wheat penny), which were still minted in copper, and in the use of these. Very few known specimens remain and its value, independently of the graduation, is of several hundreds of thousands of dollars.

Due to its high economic value, it is a type of variant that is very falsified either by the copper plating of a 1943 Lincoln Steel Penny or by modifying the dates of the 1945, 1948 and 1949 Lincoln Pennies for the rarer date of 1943.For the first counterfeit (copper coating) a simple magnet will be enough to detect it since the 1943 Lincoln Steel Penny will attract to the magnet.

Some steel dies from the previous year’s Lincoln Steel Penny were used to manufacture 1944 copies in steel. A copy of the 1944 Lincoln Steel Penny MS64 was auctioned off in 2013 for a price of $158,625.

One of the main reasons was its confusion with the 10 cents in circulation at that time due to its silver appearance. The consequences were that on many occasions, merchants lost 9 cents in change.Another reason for the rejection of the 1943 Lincoln Steel Penny was that the zinc oxidized quickly, leaving the coin dark gray and almost black.

A 1943 steel penny is a rare and valuable coin. During World War II, the US Mint switched from using copper for pennies to steel to conserve copper for military use.

Collectors highly seek these copper pennies, which can be worth significant money. However, if your 1943 penny is a typical steel penny, its value will depend on its condition.

If the coin is in circulated condition, its value will be lower, typically ranging from a few cents to a dollar or so. It’s worth noting that some counterfeits and altered coins have been created to mimic the rare copper 1943 pennies, so it’s essential to have any potentially valuable coin authenticated by a reputable coin dealer or third-party grading service before attempting to sell it.

Here are a few steps you can take to determine whether your 1943 steel penny is rare: Test the coin with a magnet: Copper is not magnetic, but steel is.

If it is not attracted to a magnet, it may be a rare copper penny. Check the date: Make sure the date on the coin is 1943.

Look for a copper color: A copper 1943 penny will have a distinctive reddish-brown color, while a common steel penny will be silver-colored. Weigh the coin: Copper pennies weigh slightly more than steel pennies.

The year was 1943. The world was at war.

Detroit sees a violent race riot that causes 34 deaths and over 300 injuries. Stalin, Churchill, and Roosevelt meet at the Tehran Conference to discuss war plans and what to do after the war ends.

But they also need to keep producing money for domestic consumption. So they made pennies out of steel.

They were cheap and plentiful. But they were also different.

Some people hated them. Some people collected them.

Some people found rare ones that were worth a fortune. Some people never knew.

You’ll walk away with everything you need to know about the coin. how it came to be, how it survived, and how much it is worth today.

War is business, a business that needs lots of copper to build lethal weapons. The army needed all the copper they could get.

government decided to make pennies out of steel instead of copper. Thus, to save copper, U.S.

The man who came up with this idea was Henry Morgenthau Jr., the Secretary of the Treasury. He thought it would save copper for the war effort and also save money by using cheaper metal.

The folks at the U.S. Mint agreed to his plan and started making steel cents in 1943 in Philadelphia, Denver, and San Francisco.

His initials V.D.B. were on some of the coins on Lincoln’s shoulder.

It didn’t go over well with most people. They said it looked like a dime or a foreign coin.

Some machines and gadgets wouldn’t take it or get mixed up with other coins. Some people even tried to fake it by covering it with copper or painting it with bronze.

Mint realized they had made a blunder and stopped making steel pennies after 1943. They went back to using copper in 1944, but with a different mix with some of the old shells.

Do you have a 1943 steel penny in your possession. Did you find one for sale at a garage sale.

But before you get too excited, you need to make sure it’s authentic and not a fake. Here’s how you figure out if the penny in your hands is authentic:

These are slightly bigger with a diameter of 19 millimeters, and heavier, at 3.11 grams. Once you’ve figured out you’re dealing with a genuine piece, proceed to the actual evaluation.

Each penny has a unique story, but the most value comes from a few factors. Not all factors affect a coin’s value equally — you’ll find coins in the same condition.

You can also consult an expert coin dealer or appraiser who can give you an accurate and professional opinion on your coin. They can also tell you how much your coin is worth based on its rarity and demand.

When shopping for 1943 steel pennies, you must first decide where to buy one. There are three main avenues for this:

An estimated 20 specimens of this coin are surviving today, and their scarcity makes them extremely valuable, with a record auction sale of $840,000 for this MS64BN-D bronze penny in 2021. For simplicity’s sake, we prepared a list divided by grading categories.

Coins in this category are so worn and damaged that they barely resemble their original design, and their value is only a fraction of their face. They are the coins that have been tossed, battered, and heavily suffered the ravages of time.

However, due to the rarity of coins in this category, most are way more expensive: A couple pennies sold for over $10,000:

Coins with grades from 20 to 58 can range from very fine (VF) to about uncirculated (AU), depending on how well they were struck and preserved. Some of these coins may even have a plus (+) grade, which means they have exceptional eye appeal for their status.

Prices grow rapidly and reach the hundreds of dollars: The next price cluster in this category happens at around $3-4,000:

Still not satisfied. Two pennies went for well over $100,000:

They are in mint state (MS), showing no wear or friction. However, they may also have weak striking, bag marks, die cracks, or planchet problems that affect their appearance and value.

Prices then quickly rise up to a few hundreds of dollars: Interestingly, only coins from Philadelphia and San Francisco go beyond the above prices, with prices in the thousands and tens of thousands of dollars:

These coins are considered choice (MS-64) or gem (MS-65, MS-66) uncirculated, which means they have no signs of wear or friction and full mint luster. They may also have a star (*) designation, which means they have superior eye appeal for their grade.

Prices in this category start at around $6: The next big landmark for prices sits at a few hundreds of dollars:

The record price goes to this MS65 coin that went for $11,400. If you are looking for antique coins with flawless quality and beauty, you might be interested in coins with grades 67 to 70.

They also have no post-production imperfections visible at 5x magnification. Prices in this category start at $16:

Going up in price, we find coins that sell for thousands of dollars: Several pennies went for tens of thousands of dollars:

If the coin is magnetic, it is the standard steel version and is not as valuable. If the coin is not magnetic, it might be the rare copper version and should be authenticated by a professional coin dealer or grading service.

However, they are worth more than their face value as collectibles, so it’s not a good idea to spend them. The most expensive 1943 steel penny is this 1943-D stuck on a bronze planchet MS64 penny that sold for $840,000.

By default, money made of steel is less valuable than copper, silver, or gold money. But since these coins’ value is based on their collectible status rather than the metal they are made of, we see many pennies going for tens — or hundreds — of thousands of dollars.

Veteran collectors tend to have more disposable income and a bigger drive to complete their expansion. Newbie collectors are more about taking baby steps to grow a decent collection.

If you are in the market for a 1943 steel penny, check for its authenticity, as it’s one of the most faked coins out there. Good luck with your hunt, and remember: if you’re unsure about the authenticity or value of a coin you’ve found, consult a professional appraiser.

Our community of experts is here to help you.Get free and unbiased advice on the value of your coins.Learn from other collectors and share your own knowledge.

AMERICANS may be surprised to learn that steel pennies exist – and they could be quite valuable. The first US President Abraham Lincoln has been featured on the penny since 1909.

Some notable valuable coins in the Lincoln series include VDB, 1992, and 1914 pennies. The 1943 Lincoln penny, on the other hand, could be quite valuable as well – and even worth thousands in some cases.

In efforts to conserve bronze for World War II, the US mint made their pennies out of steel.

The below steel pennies were minted in 1943: The letter marks stand for their respective mint locations, Denver and San Francisco.

Only one other date can be found with Zinc-coated Steel in addition to the 1943 year, and that’s the 1944 steel piece. The 1944 no mintmark steel cent only has a reported mintage of 30, in comparison to more than one million minted in 1943.

The bronze 1943 penny is one of the rarest coins in existence, and it sold for $204,000 in an auction in 2019. If you happen to find a 1943 steel cent in average condition, it’s unlikely to be worth a lot.

And while the grades were not clear, a set of 1,380 steel cents minted in 1943 sold for a total of $280.50 after 60 bids on eBay recently. That would imply each coin is worth about 20 cents on average.

According to PCGS, one of those pennies graded in “MS68+” sold for a whopping $19,200 in a March 2021 auction. And another one graded in “MS 68” sold for more than $3,700 in an auction last month.

The first thing you’ll want to do is check places in your home or any places you might store change. Some other things you can try are using a metal detector in known areas for buried treasure and by stopping by your local bank branch and asking for a wrapper of pennies.

But make sure you research the coin first and know what it’s worth before buying. And also – make sure you’re aware of potential fakes online.

Your unique pennies aren’t the only thing that might hold value, as nickels, dimes, half dollars, quarters others could be worth a serious mint. We also explain the most valuable state quarters.

Email us at [email protected] or call 212 416 4552. Like us on Facebook at and follow us from our main Twitter account at @TheSunUS.

Coin Values Moving with Precious Metals: Up-Dated 1/1/2024: Gold $2062 | Silver $23.78. Selling wheat pennies starts with organizing your coins and gaining an understanding of their value.

Wheat pennies minted from 1909 to 1958 is a popular series with collectors and covers a wide range of value and demand. Early era wheat cents: 1909 through the mid 1930’s have many higher value dates and mints, becoming serious collectibles.

Sorting your coins into these different eras quickly defines both your selling approach and value potential.

Coins of higher value are listed individually on the worksheet. The worksheet becomes a convenient and organized summary of the wheat pennies you are selling.

Quite a few of these old wheat pennies are in the minimum value category. However, there a few steps to take helping realize a higher per coin value.

As you prepare selling wheat pennies for the best value, no longer should they be considered as one single group. Rather, time spent easily sorting your coins pays big dividends.

With a work area set out, it is time to begin separating your wheat pennies into the different value groups. Keeping the major eras in mind – 1909 through the 1930’s and the 1940’s to 1950’s an advance sort method identifies higher value pennies.

Begin by sorting the pennies by decades. This helps in the selling process by grouping coins in similar value categories.

1909 is the special first year of issue. Because of the different varieties and values, each 1909 penny is judged individually when selling.

1909 Lincoln Penny Value covers in detail the many varieties of a 1909 cent.

An important part of collections, most mint marked issues of the first decade are premium coins. Branch mints.

A 1914-D penny is a standout issue with the 1912-S and 1914-S also showing strong value in any grade.

Compare your coins to the image to help identify higher potential coins.

Today, availability of the Philadelphia issues place them in the common group.

“D” and “S” mints of the decade are very popular with collectors. 1924-D is noted as leading in value in all grades.

A close inspection of the reverse, and detail in the wheat stalks, is key to higher premiums when selling.

Low production numbers from all mints contributes to the higher value of these years. San Francisco struck just 866,000 cents in 1931 (second lowest of all wheat pennies) and all are highly valued.

Judging condition is important. Examine the reverse to make a quick assessment of condition.

The “S” mintmark wheat pennies of the 1940’s are beginning to form their own separate value group. Under the date, San Francisco placed an “S” mintmark to indicate their production.

Grouping them together helps further organize your coins.

A unique combination of zinc coated steel was used in 1943 when coining cents, creating a one year only variety. Notable is the silver-blue color of these coins, set all aside to present separately when selling.

Condition is also used to refine the 1940’s decade. All coins with noticeable wear are valued similar.

Inspect the reverse wheat stalks, compare to the image to identify the premium condition coins. Fine lines and sharply detailed wheat grains on the reverse are two points to judge.

Huge quantities of wheat pennies were produced in the 1950’s. In 1958 with the ending of the series, saving of the now obsolete coinage began.

These old pennies of the 1950’s are affordable and popular with young and beginning collectors. Finding well struck examples in well preserved condition is a pursuit of these collectors.

As you sort these coins, set all “S” mint examples aside. A slight premium is often awarded to coins with only light wear and pleasing, mark free surfaces.

One important date is the 1955 San Francisco (“S” mintmark) variety. Representing the last wheat cent from the mint.

With the coins sorted and organized by decades, dates, and mintmarks. review them one last time looking at condition.

Following the steps above organizes your old wheat pennies into the main value groups that have begun to evolve.

Also, on the page are images helping judge condition of these coins in greater detail.

Selling Wheat Pennies to dealers often takes place in person. Old wheat pennies are heavy, a roll of 50 coins is expensive to send through the mail.

Organizing, following the steps above and accurately placing a value, prepares for an on the spot offer and if you accept, an on the spot sale.

A variety of both small and large coin shows and conventions are held throughout the US, bringing together many dealers.

With your inventory sheet at hand. a description of the coins for sale gives dealers an idea of the collection.

The following are references listing coin dealers. Search by location, specialty, and interest.

Listing of Coin Shows and Attending Dealers Coin Shows are hosted all over the country, they bring together tens to many hundreds of dealers, depending on the size of the convention. Search this site to find area dealers and coin shows, review the dealer specialty, and contact information given.

American Numismatic Association | Dealer Directory The main coin collecting organization maintains a listing of dealers.

Numismatic Guaranty Corporation | Dealer Locator Dealers meeting a set of acceptant standards.

PNG dealers are held to the highest standards of ethics and professionalism. All members pass a set of standards.

🔎Knowing the value of your coins when matching them to a buyer is key to selling wheat pennies.

An additional point when selling wheat pennies. Never clean your coins, leave them exactly as they are.

Collectors seek only original condition coins and avoid examples that have been cleaned.

In-depth values, mintmark identity, and grading condition is covered for each year.

Their prices are climbing in response to increased demand. A quick look at the value chart shows a big change in how much your box of old pennies is worth.

★Coin Values Discovery. All old US coin values.

From Cents to Gold. Prepare your coins for selling, find coin buyers, and understand their true potential.

References US Mint. 1964 US Mint Annual Report.

A SELLER on eBay recently had some luck with his coin collection – selling it for nearly $3,500. The collection featured Lincoln steel pennies that mostly bared the 1943 dates, according to the seller.

Those who are accustomed to the Lincoln penny’s copper composition might be shocked to learn that a steel penny exists.

In 1943, the Mint reportedly struck more than a billion Lincoln pennies.

While you shouldn’t expect your 1943 steel pennies to be worth much, the same can’t be said about ones with a 1944 date.

“However – similar to the rare 1943 copper cent – a small number of zinc-coated steel planchets were left over from 1943 and were used in 1944 during the transition to steel planchets.”. And it looks like the seller lucked out with finding two of them in the collection.

The date can be found on the obverse to the right of Lincoln’s body. If there is a letter mark, there will be one under the date.

But regardless, both coins are quite rare.

According to USA Coin Book, the 1944 Lincoln steel cent is worth $28,210 in average condition.

Meanwhile, the seller wound up selling the entire collection including those coins for a total of $3,450. Keep in mind that the coins were not certified.

There are of course plenty of other pennies that could potentially sell for thousands of dollars online.

In average condition, the VDB-S coin is worth $940 and up to $2,277 if in uncirculated grades.

To see if your spare change is worth anything, you can check eBay by searching the full name, selecting the “sold” listing, and then toggling the search to “highest value”. This will give you an idea of how much the coin might be worth, because your quarters half dollars, dimes and nickels could be valuable too.

With its war-tied history and peculiar coin timeline, the Steel penny is one of the most valuable coins in the wheat penny family. This coin doesn’t just come with a zinc-coating finish.

Table of Contents. Although the value of the 1943 steel penny varies with coin conditions and quality, the error pennies are typically considered a rare find, going for as high as $1,000,000.

this article provides an in-depth guide to valuing your 1943 steel pennies, identifying the coin errors, and navigating coin varieties. The American mint market might not be teeming with fakes or counterfeits.

Apart from using a magnet, learning the features of the steel penny is a surefire way to identify the 1943 steel penny. Like every coin in the wheat penny family, this Victor-Brenner-designed Obverse has a right-looking profile of President Lincoln in its center composition.

The inscription “IN GOD WE TRUST” hangs directly above his mop of curls, curving directly under the collar of the coin. To his left, the words “LIBERTY” are boldly engraved a little away from President Lincoln’s nape.

To the right of Lincoln and a few inches shy of his bust is the year of production, 1943.

Where the Obverse holds a clear device and minor detailing, the reverse provides a clear canvas for the denomination and legend. Here, the “ONE CENT” denomination and “UNITED STATES OF AMERICA” engraving account for the center composition of the Reverse field.

Sitting directly above the legend “UNITED STATES OF AMERICA,” the “ONE CENT” denomination appears in the largest font on the 1943 penny wheat coin. The then de facto motto, “E PLURIBUS UNUM,” appears at the top end of the field, running directly underneath the curve of the top rim.

This guide highlights the different kinds of 1943 and just how much they are worth.

the Philadelphia mint accounts for a large percentage of the 1943 Steel Pennies. Hence, they are valued as the lowest of the 1943 grade.

An extremely fine mint costs $0.46, while an uncirculated mint might cost $9.35. A sure-fire way to distinguish the 1943 Philadelphia steel penny from its counterpart is the absence of its mint mark.

Finally, in January 2010, an AU58 no-mint mark steel penny sold for $218,500 on heritage auctions. Where the Philadelphia mint penny comes without a mint mark and the largest number in the way of mintage, the Denver mint coins with a “D” mint mark account for 217,660,000 of the total mintage.

A 1943 D steel penny graded as very good might go for $0.57, while the uncirculated mint is valued at $11. On eBay, an MS68+ grade D mint mark steel penny sold for $14,249.99.

Also produced in the Denver mint is the doubled mint mark “D” 1943 penny. these error coins are valued at $1161 for those still in mint condition.

hence, steel pennies from this mint are the most valuable of all coins at the three Mints. It’s no wonder an AU58 S mint mark 1943 steel penny has an auction record of $138,000.

Also Read: Top 20 Most Valuable Old Pennies Worth Money (Penny Collection). Then-President Franklin D.

Like all wheat pennies, the 1943 penny was designed by Victor D. Brenner.

In 1941, the United States intervened in the second world war, offering more than the usual land lease and military aid to the Allies. The United States invested its copper and Nickel in the armory, ultimately cutting the supplies of mints nationwide.

This made them the very first coins to be made from steel. The Philadelphia mint documented the largest number of coins, producing 684,628 670 pieces.

The general public, however, was not exactly enthusiastic about the new Lincoln wheat pennies. Vending machines were soon noticed to pick up steel cents instead of steel slugs.

The Lincoln Wheat Penny was also noted to wear quickly and, after going in through many hands, become rusted. Besides being wear-prone and quick to rust, the 1943 Lincoln Wheat Penny sometimes needed clarification with the dime of the same color, causing traders to lose up to 9 cents.

composed of steel with a thin coating of zinc, the Lincoln Wheat Penny was perceived as a cheaper alternative to the bronze wheat penny pre-war mix.

Following the public outcry, the government eventually ceased the issuance of zinc-coated steel in 1944, reverting to its original copper and tin composition. The United States was still invested in the war.

Like all other antique coins, the 1943 steel penny does not have a scientific means of measurement. Instead, Overseeing bodies have curated several standardized rules to help hobbyists and seasoned collectors accurately grade their 1943 steel penny.

While the 1943 steel penny is admittedly a collector’s envy, the 1943 error steel pennies are considered an even more significant find. This section highlights the many types of errors and how much they cost.

These errors were produced when artisans impressed the mint letter twice over where the mint mark ought to be. You might spot the faint “D” impression underneath the “D” mark.

Like all other coins, this error penny’s value varies across coin conditions and quality. An MS 76 sells for at least $10,200, and an MS 65 is valued at $1,161.

Zinc was eventually decided upon. However, this did not preclude human error.

Owing to its fantastic condition and coin quality, a bronze-coated penny was noted to sell at a whopping one million dollars in 2010.

The die creates more than one impression with the letter punch. At an MS 66, the 1943 steel penny is valued at $475.

They could rake in anything from a few hundred dollars to a few thousand.

In very fine condition, the 1943 “S” and “D” penny might go for anything between $0.40 to $0.46, while the Philadelphia mint penny goes for $0.37.

Although still a collectible, the 1943 steel penny is, in fact, pretty common. They can, at best, fetch you a couple of dollars.

Error pennies are rare, but you might own a copy of one. In looking out for rare pennies, you must ensure your coin has one of the four errors.

Using a magnifying glass, look for the re-punched mark error on your San Francisco. In September 2012, Numismatics recorded the largest monies paid for the finest known 1943 S penny.

However, the bronze was struck, resulting in the 1943-bronze error coin. The coin sold at a million dollars to collector and co-chairman of the Texas Rangers baseball club, Bob R Simpson.

The 1943 Steel Penny is one of the most unique American coins ever minted, and its fascinating history and rarity have made it a highly sought-after collector’s item. These coins can be worth much more than their face value depending on their condition and rarity.

Most 1943 Steel pennies are worth just a few cents in average condition because more than 1 billion were minted for circulation. However, uncirculated specimens can fetch a few dollars and some steel pennies in mint condition or with rare marks or errors can be worth significantly more.

During World War II, the United States needed to conserve copper for the production of shell casings and munitions, which led to the decision to mint pennies from zinc-coated steel instead. The 1943 steel penny was first and last minted in that year, with over a billion coins struck.

Determining the value of your 1943 Steel penny involves examining several key factors that can significantly impact its worth. The first step is to inspect the coin’s condition, as this factor plays a major role in its value.

Coins in the best condition can be considerably more valuable than those with visible signs of heavy use. Next, pay attention to the mint marks found on your steel penny.

Mint that produced the coin and can help establish its rarity. On the 1943 steel penny, the mint mark can be found just below the date: “D” represents the Denver Mint, “S” stands for the San Francisco Mint, and no mint mark indicates the Philadelphia Mint.

In addition to mint marks, it’s essential to check for mint errors that may have occurred during the coin’s production. Mint errors can happen when something goes awry in the minting process, resulting in a coin that deviates from the standard design.

For example, the 1943-D/D repunched mintmark steel penny can be worth more than $1,000 in uncirculated MS-65 condition or better.

Now look up your specific coin with as much detail as possible and see how much similar coins sell for. Most 1943 Steel Pennies in average condition aren’t worth selling unless sold in bulk.

You can also try to go down to your local coin shop to see if it has steel pennies. In 1943, during World War II, the United States faced a copper shortage due to the war effort.

Mint made a unique decision to produce pennies using steel instead of the traditional copper. This makes the 1943 steel penny a highly sought-after coin among collectors.

A 1943 steel penny is worth about 10-20 cents in circulated condition. However, if it is in mint condition or has any unique characteristics, it could be worth significantly more to collectors.

The 1943 penny that is worth $1000000 is the one that was mistakenly made out of copper instead of zinc-coated steel. Only a few of these pennies were produced and they are extremely rare, making them highly valuable to collectors.