how much is a 1943 wheat penny worth

Even though this penny is different, it is not particularly rare. Im not an expert anbit is not graded professionally. Due to their high value for coin collectors, there are lots of fakes around. I would bet 1,000 each time it would be an 8 or higher. It's because the Denver mint made them in lesser numbers. Searching for error coins continues to be a growing hobby. This minting error has resulted in a coin that is worth around $100,000 and is currently the most expensive Penny in the realm of coin collecting. These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. Even if you didnt, your 1943 steel pennies are still neat coins and theyre historic relics from the World War II era. Another disadvantage was the similarity with Dimes. Prices have gone way up for the 1943 copper penny over the years. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. If they are in truly pristine condition, however, they could be worth up to $10 for the D mintmarks and up to $25 for the S mintmarks. How much a steel penny is worth is very dependent on the condition of the coin. I have two 1944 penny's one with D mint one with no mint. Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. Josh @ CoinValues. Good afternoon! As mentioned above, 1943 copper pennies are rare and valuable. However, many in the public were less than thrilled with the alternative composition. The most valuable Wheat Penny ever auctioned is a unique 1943-D Bronze Cent, sold for $840,000. In fact,1943 copper wheat pennies are usually worth $100,000 or more! Understanding this, the value of a 1943 Lincoln will vary based on its type. | Other Wheat Pennies to look for. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. November 17, 2021 at 8:54 am. The metal composition of a coin directly affects its weight. The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Identity of Date and Mint Mark begins the process. I have a 1982 no mint penny that is blank on the back, how much is that worth? I would like to sell would anyone be interested?? "D" Mintmark Under Date: Denver Mint Struck the Coin. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. on the back at the bottom between the stems of the wheat ears), 1909-S Over Horizontal S (re-punched mintmark or RPM), 1943 Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper), 1943-D Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper). - Silver Price $331 Outside COMEX Trading Hours? Read on Ill also tell you what 1943 silver pennies are actually made from and well discuss the rare, valuable 1943 copper penny below as well. The first thing to address is that 1943 steel cents are not at all rare. These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. How Much Is My Modern Jefferson Nickel Worth? The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. Looking to see how much your wheat penny is worth? Stainless Steel vs. Sterling Silver: Whats the Difference? - Central Banks Lead the Way In Massive Gold Bullion Buying, - GOLD: Highest Month & Quarter Settlement, - Another Major Bank Teeters - Deutsche Bank, Get the latest deals and news!
Subscribe to our mailing list.. Very few of these pennies were minted and released into circulation. Here are five that are valuable due to these kinds of errors in the manufacturing process. While not all wheat pennies will fetch a high price tag, all wheat pennies are worth more than their face value and are thus a sought-after coin for collectors. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. Answer: Zinc-plated steel! Confusing which is which between the two years could cost you dearly in your coin collection. Value: This Lincoln penny value varies from 75 cents up to $1,000. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). Absent is any rust. i have 54 philly version cents. https://www.consumer.ftc.gov/articles/0136-investing-collectible-coins, Date by DateIn Depth Lincoln Penny ValueEarly Era 1909 to 1933, Date by DateIn Depth Lincoln Penny ValueSecond Era 1934 to 1958, Coin Value Guide | How to Value a Coin Collection. Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. These coins are on a rarity scale of Abundant. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. ), Top 21 Most Valuable 2000 P Sacagawea Dollar Coin Worth Money, Top 19 Most Valuable Mexican Coins Worth Money, The Philadelphia mint produced the 1943 penny that typically has no mint mark, The San Francisco mint produced the 1943 penny with an S mint mark, The Denver mint produced the 1943 penny with a D mint mark. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. A distinct merging of Lincoln's hair and forehead is visible. You can also send photos once I've connected you. 1943 Lincoln Wheat cent, steel composition. Here's a rundown on 1945 penny values and mintage figures for the different 1945 pennies so you can see how many were made: 1945 penny (no mintmark, made in Philadelphia) 1,040,515,000 minted; worth 2 to 5+ cents; 1945-D penny (struck in Denver) 266,268,000 minted; worth 3 to 5+ cents; 1945-S penny (produced in San Francisco) 181,770,000 minted; worth 5 to 10+ cents But that means top of the line. I was wondering is my US cent from 1943 and 1944s are worth any money. A former US President Abraham Lincoln profile is on the obverse, with the inscription IN GOD WE TRUST located on the upper edge. You can see scratches and damage to the relief, but details are still noticeable and recognizable. My love for coins began when I was 11 years old. So, what are 1943 silver pennies made from? US Mint. How Much is a 1943 Dime Worth? I have two 1943 steel wheat pennies, it is worth my time to try to sell them? Place higher grade coins in individual holders. Victor D. Brenner designed the coin under the direction of Pres. ), on the reverse side, and the other did not. There are a number of varieties of the 1982 penny because the mint was transitioning from a bronze composition to a zinc composition for the coin. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. This page lists coin values for Lincoln wheat-back pennies minted from 1909 to 1958. . Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. Save my name, email, and website in this browser for the next time I comment. The value of a coin varies according to many factors: metal content, purity, rarity, etc. You can quickly notice the double-printed mintmark on the coin surface. What Is a Wheat Penny and How Much Are They Worth? Value: This coin ranges in value from about 35 cents to $3,000 if in mint condition. Some valuable errors from this year include a Philadelphia minted MS66 penny struck on a dime planchet which sold at Heritage Auctions for $8,400. Deterioration is a concern, rusting of the underlying steel is accelerated once the outer protective zinc is worn and removed. While 1943 copper cents weigh about 3.11 grams and dont stick to a magnet, the more common steel cents (which weigh 2.7 grams) adhere to a magnet. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. Coins are worth at least their face value. This set is commonly sold in mass-market offerings. Then they are sold via general-readership newspaper and magazine advertisements. As a result, the reverse dies were remade, and all the initials were removed but not before some coins were minted and released to the public. A record price of $21,275 was fetched at auction for a MS67 D/D. I found recently a 1984 penny with some raised ridges on the obverse. Anyway have a great day everyone out there. Silver has been used in many coins including dimes, quarters, half dollars, and dollar coins. Read more in our privacy policy. I have a collection of coins. It will bring you to a site were the P,D and S mints are. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. The 1943 Lincoln penny has the same look as other pennies in the series. Most 1943 wheat pennies appear to be silver in color. A light sliver grey is their normal appearance when worn, standing out and easily spotted. Collector preference are coins without rust. Central Banks Lead the Way In Massive Gold Bullion Buying, Another Major Bank Teeters - Deutsche Bank. It is the only use in US coinage of this alloy. Some vending machines rejected the steel wheat cents. 1943 penny value reflects its unique status within the Wheat cent series. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. I have recently discovered a 1943 wheat penny that im courious about does look like the real thing not sure any suggestions. Denver 1943 cents are in demand because of their uniqueness. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. PS: never send in your coins by mail or leave them there to be looked at. They have a better value than the 1943 steel pennies without mint marks. If you have one in an MS 68 rating, you can sell it for $3,500. With this list of Lincoln wheat penny values in mind, you can now be on the lookout for wheat pennies to add to your collection or earn a few extra dollars in case you spotted one of these in your spare change. While Copper Pennies, for instance, weigh 3,11 grams. According to USA Coinbook, a circulated 1943 Philadelphia minted steel penny is worth between 10 and 55 cents, whereas an uncirculated coin is worth between $2.74 and $10. Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. While 1943 steel Pennies are about as common as any other 1940s Lincoln cent, there is one variety from 1943 that stands out for its rarity: the 1943 bronze Lincoln Wheat Penny. You will have no difficulties recognizing them because there is a noticeable gap between these two marks. There are only thought to be 20 of these 1943 bronze wheat cents available with no mint mark meaning they were made at the Philadelphia mint. It would be txt. Hey Glenn. When a new law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. In fact, with the exceptions of major errors and varieties, no Lincoln wheat penny struck after 1933 is worth more than 10 cents in worn condition. However, copper and nickel were also integral in making coins. Washington Quarter Values and Prices (1932-1964), Lincoln Wheat penny key dates, rarities,andvarieties, 1909-S VDB (small "S" below the date and "V.D.B." Unfortunately, this change in the material wasnt an excellent idea. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. I have a 1943 wheat penny, with a number three on the back side between the wheat? The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. Their value lies in their novelty. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. Many were pulled from circulation. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. For all these reasons, the US Mint decided to reuse copper for producing pennies in 1944. one in real good condition might be worth $1-$7 Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. 1943 pennies are indeed steel. Values climb with these upper grades. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. Here's How to Test Your Silver & Gold, Buffalo Nickel (19131938): Values & History, Mercury Dime (19161945): Values & History, Washington Quarters: Key Dates & Varieties. As you can expect, they are precious and expensive. Other 1943 copper pennies routinely sell for $100,000 to $200,000. The dies were prepared in the Philadelphia Mint and distributed to the other branches in June of 1909. A very common fraud involving the copper 1943 cent is to grind away part of the 8 in the date of a 1948 penny. A standard method is used to located how much its worth on the chart. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . Handle the coin gently, hold the edges only avoiding touching the surface. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. It will also be impossible to distinguish the tiny details on the reverse, particularly the wheat grains that are almost unrecognizable. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? Click here to Learn How to use Coin Price Charts. FAQs About the 1944 Steel Penny How Much is a 1943 or 1944 Penny Worth? Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. Value: The value ranges from $500 to around $1,900. I definitely recommend getting it authenticated! Date and mint mark collecting are a main focus to collections. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved, https://nnp.wustl.edu/library/publisherdetail/51, https://www.consumer.ftc.gov/articles/0136-investing-collectible-coins. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. They are worth about .10 ea. You can tell its made that way. As a result, the first produced coins contained both metals and got reddish-yellow color. Im a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. During World War II, the war effort required a lot of copper to make shell casings and munitions. A step by step method combined with the coin value online guide identifies how to value a coin collection. It is important to judge your coin against both the images and descriptions. As you have probably known, this metal oxidizes in contact with moisture, creating stains on the surface. | Melt Value? Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. Hi Mr: Joshua McMorrow Herdandez These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. If the coins show any signs of wear, they are probably worth around $1. It's quite literally the million-dollar question! Some 1940 Lincoln proof pennies go for $25 or more. One version had the engraver's initials, Victor David Brenners (V.D.B. Territories Coin Values. The 1943 copper penny is extremely rare and valuable. The obverse featured the Lincoln head design, still present in the one-cent coins minted today, but the reverse portrayed wheat stalks, hence the moniker. Josh. Hey Daniel. Heres how to tell if your 1943 silver wheat penny is rare or not: Rare 1943 wheat pennies are made from bronze theylook similar to most other copper pennies from other years. Other examples of valuable wheat pennies include the 1909-S VDB Lincoln Wheat Penny, the 1944 Steel Penny, and other variations of the 1943 Bronze Penny. I have a 1943 S mint mark copper penny. A better than average 1943 cent stands out over lesser condition coins. It just recently sold at Heritage Auctions on January 20th, 2021 for $840,000. During World War II, the Allied Forces needed many essential resources to help optimize success in the war. ROGER, DID YOU EVER GET AN ANSWER? Real People. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Yes! If you buy thru these links, we may earn a commission at no additional cost to you. A standard method is used to located how much its worth on the chart. One of the most unusual American pennies was the silver-colored coin minted in 1943. Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. Second step, is an appraisal of condition. A record price of $21,275 was fetched at auction for a MS67 D/D. Well, lots of 1943 steel wheat pennies still survive and that means there are plenty to go around to satisfy the needs of coin collectors. Click here to Learn How to use Coin Price Charts. 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. Handling and circulating through commerce easily start the process of metal removal. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins. Real Experiences. ), A 1999 Penny Worth $300? Highest areas to judge for complete luster are Lincoln's temple, cheek, and jaw. ones These are the ones no one has handled with their bare hands. Keep checking your change, and happy collecting! The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. So we are talking about mint state steel wheat back cents only being worth $1 to $2 each. 1943-D steel penny - 217,660,000 minted; 10 cents to 50 cents 1943-S steel penny - 191,550,000 minted; 15 cents to 60 cents 1943-D boldly doubled mintmark - mintage unknown; $35 to $60 1943 copper pennies (any mintmark) - Perhaps 25 to 40 known; $125,000 to $1 million+ Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. If anyone out there may be interested I somthing like that your best bet would Def not try an get ahold of me through email. The United States Mint started its production in January of the following year. The reason for the change from Bronze to Zinc was to do with the US war effort that year. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. go on line and type in 1943 or 44 penny Value In other words, this is actually an extremely rare error coin. Printable sheet to list and inventory your coins. How Much is the 1943 Steel Penny Worth? Theodore Roosevelt was on a mission to redesign our nation's coinage. Young collectors seek coins with the least amount of wear. Thank You. These are numismatically worthless since they are altered coins. To the untrained eye, you could be tricked into thinking you have a rare 1943 copper wheat penny. What are they worth? Value: The value of this penny ranges from $1.95 to around $850. The 1943 copper penny is extremely rare and valuable. "S" Mintmark Under Date: San Francisco Mint Struck the Coin. These coins traditionally consisted mostly of copper and nickel. When it comes to determining the value of a coin like the 1943 Lincoln, this is something that will depend on a few different factors. That sure is a lot of money for an old penny, right? Value:The value ranges from $280 to as much as $5,500 in mint condition. The penny is more valuable than the one made in Philadelphia without a mint mark. Eye appeal is an important consideration by collectors when choosing a coin to add to their collection. Since only about 40 exist on the market, they are tremendously valuable. The military industry was run out of copper necessary for making castings. Numismatists believe some bronze planchets were used by mistake. Click here to Learn How to use Coin Price Charts. (Price Chart), How Much is a 1930 Wheat Penny Worth? Lincoln's portrait shows evidence of wear confined to just high points. Today, 1943 copper wheat pennies are among the most valuable Lincoln pennies. If it does, your penny is worth about 15 cents as a novelty item. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. Quality of the surfaces is noted as quickly fading. Expert's Assistant: Is there anything else the Appraiser should know before I connect you?

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