how much is a 1943 wheat penny worthhow much is a 1943 wheat penny worth

I have 8 rolls of steel pennies Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. Most are worth only 2 or 3 cents. All rights reserved. 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. You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray it may even appear rusty. How Much Is A 1943 Copper Cent Worth? I have two 1944 penny's one with D mint one with no mint. for a Philly. Abundant on a rarity scale. Michael is passionate about personal finance, side hustles, and all things geeky. Looking for more? Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. Altered 1948 Lincoln Cent If your 1943 copper colored penny doesn't stick to a magnet, then use a magnifying glass to look at the date. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. If you do have one, it would be worth tens of thousands of dollars. 1943 S Lincoln Wheat Cent : Steel Cent - USA Coin Book Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. I have 6 1943 Stell Cents, they are not graded, 2 are D's one is an S, and the rest are no mint marks, should I get these graded to see their actual value, I am hesitant as it may cost more to get them graded than they are worth? When that part of the design was rejected, he added his three initials, V.D.B., to the coin's reverse at the bottom between the stalks of the wheat ears. As you can guess, this mistake increases the coin value. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). Small details necessary to accurately value are described. How Much is a 1943 Dime Worth? The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. How can I find more info on this coin? Values climb with these upper grades. IMG_0058.PNG & IMG_0067.JPG will my coins still b worth anything if it looks like this 1943D wheat copper or bronze penny, Hello, Orlando -- Many were pulled from circulation. These coins traditionally consisted mostly of copper and nickel. Litvak-American sculptor Victor David Brenner inherited the task. Value: The value of this penny ranges from $35 to $1,200. For higher value coins, Grading Lincoln Wheat Pennies expands on the grading process with video, descriptions, and images. The 1943 steel penny with no mintmark is usually worth between $3 and $10. Territories Coin Values. Silver Price $331 Outside COMEX Trading Hours? 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. Before you go down the path of building a complete set of Lincoln Wheat pennies, use the following price guide to give you an approximatevalue and pricefor your Lincoln Wheat pennies. A popular counterfeiting method is to plate a steel cent with copper. Image: USA CoinBook. Would you please try and repost these images here? ), on the reverse side, and the other did not. But even in poor condition, they may be worth at least 3 or 4 cents, and some may be worth a lot more to coin collectors. Even though they are pretty common these days, most collectors want to include them in their collections. JavaScript seems to be disabled in your browser. 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek 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. Value: This penny is worth anywhere from 75 cents to as much as $900. The United States Mint started its production in January of the following year. A record price of $21,275 was fetched at auction for a MS67 D/D. Other 1943 copper pennies routinely sell for $100,000 to $200,000. In fact, the very valuable "twin" to the rare 1943 copper cent was born in 1944. Placing an accurate value on your 1943 penny follows a step by step process. You can quickly distinguish them by the marks on the coin reverse. If you have one in an MS 68 rating, you can sell it for $3,500. You can tell its made that way. There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. 1944 Steel Penny Value Guides (Rare Errors, "D", "S" and No Mint Mark) I have two 1943 steel wheat pennies, it is worth my time to try to sell them? The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. Young collectors seek coins with the least amount of wear. 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. Check your inbox or spam folder to confirm your subscription. There are also reprocessed steel Pennies, which are essentially 1943 steel Pennies that had become corroded (due to the rust-prone nature of their steel core) and later stripped of their original zinc coating, and recoated with a fresh layer of zinc. This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. These are considered novelty items and have no collector value. Circulation wear has removed only small portions of the outer zinc coating. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. Value: The value ranges from $1.25 to about $900. 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. Therefore, it replaced copper in pennies with zinc-coated steel. The most rare example is the 1943 D bronze wheat penny of which there is only one known to exist. You can see scratches and damage to the relief, but details are still noticeable and recognizable. A better than average 1943 cent stands out over lesser condition coins. Normal humidity in the air presented a challenge to preserve a 1943 cent. Rare coins such as the 1909-S VDB and 1914-D are the "Holy Grails" of any Lincoln Wheat cent collection. Double die minting errors result from two impressions being made that are slightly offset from one another. You will have no difficulties recognizing them because there is a noticeable gap between these two marks. 1943 Silver Wheat Penny Value - U.S. Coins Guide Technical and aesthetics grading determines value to collectors. My love for coins began when I was 11 years old. It would be txt. how do you tell if it is the right 1943 penny stated in one article if the penny sticks to the magnetic it is fake and another place states that if it does not stick it is a fake which of these statements are actually the right one. 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) . Coin Values Moving with Precious Metals: Up-Dated 5/1/2023: Gold $1986 | Silver $25.13, 1943 penny value reflects its unique status within the Wheat cent series. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. For example, one 1943-D copper penny commanded a whopping $1.7 million when it sold at an auction in 2010. USA Coin Book estimated value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is worth $408,418 in average condition and can be worth $821,820 to $2,087,886 or more in uncirculated (MS+) mint condition. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. Denver 1943 cents are in demand because of their uniqueness. versions. Take a close look at their condition. also a 1943 dime sized one cent wheat penny lining for estimated values. . Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). See the19 Most Valuable Pennies Ever Sold here. All Wheat Pennies are worth at least three times face value, but of course many are worth substantially more especially the key date Wheat pennies. Both are in the collectible grading range. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. 1944 Lincoln Wheat cent. These are worth, A lightly circulated 1943 steel penny is generally worth, The uncirculated 1943 steel penny value usually ranges from about, Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth. Ed. Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. A very common fraud involving the copper 1943 cent is to grind away part of the 8 in the date of a 1948 penny. Im the Coin Editor here at TheFunTimesGuide. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. Is a 1943.s steel Penney that it looks normal but the 4 in 43 is almost un detectable. Value: The value of this coin ranges from 95 cents to as much as $700. (Price Chart), How Much is an 1943 Silver Quarter Worth? No Mintmark Under Date: Philadelphia Mint Struck the Coin. How much is a 1943 Lincoln penny worth? How Much Is a 1943 Silver Penny Worth? Your Coin Guide - Jewels Advisor The United States Mint accidentally used the wrong planchet metal when striking the coin. A record price of $21,275 was fetched at auction for a MS67 D/D. Although pennies have been around since the late 1700s, the penny did not take its now-familiar form until 1909, when its design began featuring President Abraham Lincoln to celebrate the centennial of his birth, replacing the Indian head pennies in production at the time. You can also send photos once I've connected you. 1944 Wheat Penny Value: How Much is it Worth Today? This produced a MS62 coin that sold for $38,187.50. Handling and circulating through commerce easily start the process of metal removal. Their steel counterparts are much more common. But very, very few of these left the U.S. Mint facilities. 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. Regular 1943 steel cents, on the other hand, can be had for between 10 cents and $1 each in circulated grades, and for about $3 to $5 in uncirculated grades. Most 1943 wheat pennies appear to be silver in color. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. | How much is a Wheat Penny worth? If your 1943 penny DOES stick to a magnet, it is made from steel and is worth 10 to 50 cents. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. 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. In 1943, the US Mint switched from copper to steel to make pennies. Where can I get this misprint evaluated? It depends on their condition, but if they are in good condition even if circulated you can probably get a few dollars for each one. I have a collection of coins. As you can expect, they are precious and expensive. When I first got into coin collecting back in the early 1990s, I thought like so many people who ask me about their coins here at The Fun Times Guide that my silvery 1943 pennies were actually made from silver. You can consider yourself lucky if you have a copper specimen of this penny in your coin collection. Identify date, mint and condition; a wide range of values is found and identified. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Here are some of the most valuable wheat pennies updated as of July 2022. These are rare pennies to look for in . So, their absence proves that the coin is intact. (Spoiler alert: a1943 silver wheat penny isNOT made from silver!). Im a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. The first thing is not to wipe the coin. Other factors like the mint year, condition, and rarity greatly influence the value of a collectible coin. Richard. Buypriceis what you can expect to pay to a dealer when you purchase the coin, andsellvalueis what you can presume a coin dealer to pay you when you sell the coin. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. Due to their high value for coin collectors, there are lots of fakes around. There are only 7 known 1944-D steel pennies in existence. This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The 1943 steel cent was produced during the height of World War II. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. When it comes to evaluating 1943 Lincoln cents, the duo of a magnet and gram scale has broken many hearts and burst many bubbles over the years. How Much is a 1940 Penny Worth? (Price Chart) - Something Borrowed Due to their rarity, these coins are very valuable and continue to rise in value every year. The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. The VDB pennies minted in the San Francisco Mint are the rarest. This penny is also worth much more than face value. Latest Offers, Straight To Your Inbox. The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Real Experiences. Value: It ranges in value from about $8 to $800. (Right now, the government loses money on every penny it issues. The new penny would have the Lincoln Memorial as a motif, substituting the popular wheat stalks. The images aren't coming through unfortunately. How Much Is A 1943 Wheat Penny Worth? - Lost Treasure HQ While there is no known mintage figure for the 1943-D/D Lincoln cent, its estimated that perhaps 3,000 to 5,000 examples may exist across all grades. During World War II, the war effort required a lot of copper to make shell casings and munitions. - 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.. This applies within and even beyond the numismatic realm. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. Here's How to Test Your Silver & Gold, Buffalo Nickel (19131938): Values & History, Mercury Dime (19161945): Values & History, Washington Quarters: Key Dates & Varieties. After a while, the coins quickly lost a zinc surface layer and were prone to rust. Thank You. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. Deep grey blue fields are smooth and not pitted. In 1943, 217,660,000 pennies came out from the Denver mint. Although a wheat penny's face value is one cent, as a good rule of thumb, all wheat pennies, including common dates, are worth more than their face value. How Much Is My Modern Jefferson Nickel Worth? The incorrect use of brushes or cloth can cause unwanted scratches or tears. Rest . We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Luster and its texture remain intact to reach the uncirculated grade. In 1943 U.S. Mint produced the penny out of zinc plated steel to save copper for the war effort, so most 1943 pennies are silver colored. I have a 1943 steel wheat penny that is in beautiful condition very shiny looks like a new dime no marks perfectly ledgable!! Looking to see how much your wheat penny is worth? Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. However, there are still millions of collectible 1943 pennies out there. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? 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. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. There is no right or wrong way to collect 1943 Lincoln cents. 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. But it is advisable to use proper coin cleaners. Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. 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. As mentioned above, 1943 copper pennies are rare and valuable. 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. Just wondering if u have any info about it. Therefore, collect coins in the highest grade that you can afford. How Rare Is a 1943 Lincoln Steel Penny? - The Spruce Crafts NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. I have a 1946 wheat penny with no mint mark in good condition what is it worth. While Copper Pennies, for instance, weigh 3,11 grams. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. The error can be seen in the word Trust and on the date. Since your wheat penny has a silver color, it's almost certainly a 1943 steel cent. Step one is to confirm exact Date and Mint Mark variety. Unfortunately, this change in the material wasnt an excellent idea. How do I know if my Wheat penny is worth money? (2023) Hey Glenn. If the coin sticks to the magnet, it contains steel and is fake. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. Tod Lock says. 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. Advanced collections choose from the many available in "like new" condition. Curls of hair are flattened but major waves remain separated. In addition to the links Ive included above, here aresome otherresources to help you learn more about 1943 wheat pennies and other old pennies: Stay up to date with everything about U.S Coins, We dont spam! 1943 Steel Penny Value: How Much is it Worth Today? - Something Borrowed But if I an 10 others were to put a grade on it from 1-10. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. One wide spread market development was the introduction of "Reprocessed" 1943 Steel Pennies. Searching for error coins continues to be a growing hobby. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. https://nnp.wustl.edu/library/publisherdetail/51 Understanding this, the value of a 1943 Lincoln will vary based on its type. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. This may come as something of a surprise to the many who believe these coins are quite valuable.