Technical and aesthetics grading determines value to collectors. I also have 1943 steel penny with no mint. Freeing up tons of copper for the war effort, the now famous steel coated zinc combination was developed. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. For higher value coins, Grading Lincoln Wheat Pennies expands on the grading process with video, descriptions, and images. 1909, 1910, 1911, 1912,1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924, 1925, 1926, 1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958. That change made this penny look like a silver coin, setting it apart from all the pennies ever minted before. Identify date, mint and condition; a wide range of values is found and identified. Problems are absent from the surfaces, however. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. 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. It would be txt. Any wheat penny is worth at least 4 cents to most dealers. Precautions help preserve the future condition of the coin. Reply. During World War II, the military needed copper for making casings, so the US Mint decided to use galvanized steel instead. 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). 1943 "D" steel penny sells for around 2.68 in their best class. Take care Richard S.A. Texas, I have five very fine uncirculated 1943 Philadelphia mint pennies never been circulated the brand new in a plastic case sealed I would like to sell one is anyone interested in buying them. Desirable is a complete coating of zinc. One without a mintmark is worth between $0.15 and $1. Their values are based on the latest deals and market updates. It did however present a few problems. A distinct merging of Lincoln's hair and forehead is visible. Value: The value of this penny ranges from $35 to $1,200. Eye appeal is an important consideration by collectors when choosing a coin to add to their collection. Looking for more? President Theodore Roosevelt commissioned a revamp in the American coinage at the time. 1943 steel cents capture interest of collectors. Brass brushes would be an excellent option because they are softer. The 1943 D/D steel penny is an error coin minted that particular year. Tod Lock says. Of course, the offer you receive from a particular coin dealer will vary depending on the actual grade of the coin and several otherfactors that determine its worth. go on line and type in 1943 or 44 penny Value So the 1943-D Wheat Penny that was accidentally struck in copper ended up being quite . JavaScript seems to be disabled in your browser. I have a 1943 wheat penny, with a number three on the back side between the wheat? If the coin sticks to the magnet, it contains steel and is fake. In their fine class, it will earn you 0.50 USD; in their excellent state, the coin sells for 0.68 USD. Historic value is high. I would bet 1,000 each time it would be an 8 or higher. Value: This Lincoln penny value varies from 75 cents up to $1,000. The 1986-D quarter was struck to the tune of 504,298,660 pieces at the Denver Mint. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. Even though they are pretty common these days, most collectors want to include them in their collections. During World War II, the Allied Forces needed many essential resources to help optimize success in the war. 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. Deep grey blue fields are smooth and not pitted. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. Unique in US mint history, three varieties of these 1943 cents were struck. Today, however, many coin collectors and non-collectors alike regard 1943 Pennies as something of a novelty. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. A lighter shade of silver-grey highlights the design. The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. To the untrained eye, you could be tricked into thinking you have a rare 1943 copper wheat penny. | Other Wheat Pennies to look for. Circulated coins usually range between 1 and 59 on the Sheldon scale, whereas uncirculated coins range from 60 to 70 and are often preceded by MS or Mint State. As always, there are also two inscriptions, the UNITED STATES OF AMERICA and E PLURIBUS UNUM. 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. His temple, cheek, and jaw are smooth and flat on the highest ridges. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. Fine This penny was in circulation for a while but without much damage. Most 1943 wheat pennies appear to be silver in color. Litvak-American sculptor Victor David Brenner inherited the task. The error can be seen in the word Trust and on the date. "D" Mintmark Under Date: Denver Mint Struck the Coin. This applies within and even beyond the numismatic realm. Coins are worth at least their face value. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-large-leaderboard-2','ezslot_9',107,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-large-leaderboard-2-0');Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. November 17, 2021 at 8:54 am. (Spoiler alert: a1943 silver wheat penny isNOT made from silver!). However, copper and nickel were also integral in making coins. A bold D is embossed on the reverse, and the other D is less visible and positioned closer to the coins left edge. I have 1943 steel wheat pennies among many others,have no access to internet much,am wondering if theyre worth more than face value? A litany of tests and patterns followed for the emergency composition, including plastic and glass. Save my name, email, and website in this browser for the next time I comment. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. 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. NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. If your 1943 penny does NOT stick to a magnet it may be a copper cent error that is worth $85,000 or more. Extremely Fine Grade: A light amount of wear visible to high areas places this coin in the Extremely Fine grade. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. 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. 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.. Continue with Recommended Cookies. In any condition, the following Lincoln wheat cents are worth considerably more than common wheat pennies. Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets. Originality is the key to value. Are you concerned the precious metals train has left the station without you. The 1909-S VDB. But chances are any of the Lincoln Wheat cents you've found in pocket . Join us today for FREE! Guarenteed. Another example of a re-punched coin, an S was originally punched and then covered up with a D. Value: The value of this coin ranges from $40 to about $260. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. 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+ Would you please try and repost these images here? The best way to determine its value would be to submit it to a third-party grading service such as NGC or PCGS. Although it is not particularly rare, the 1943 steel penny is fascinating. In other words, this is actually an extremely rare error coin. You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray it may even appear rusty. If you buy thru these links, we may earn a commission at no additional cost to you. Click here to learn how to use coin price charts. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. You can quickly notice the double-printed mintmark on the coin surface. 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. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! 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. A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. Understanding this, the value of a 1943 Lincoln will vary based on its type. 1944 Lincoln Wheat cent. | How much is a Wheat Penny worth? While Copper Pennies, for instance, weigh 3,11 grams. The VDB pennies minted in the San Francisco Mint are the rarest. I have a 1946 wheat penny with no mint mark in good condition what is it worth. 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. Then they are sold via general-readership newspaper and magazine advertisements. We have a nice informative article on mintmarks that you might enjoy: https://coinvalues.com/library/mintmarks, This comment was minimized by the moderator on the site, https://coinvalues.com/forum/1944-wheat-penny#reply-6, To My Young Brothers & Sisters at Reddit & Elsewhere. Keep checking your change, and happy collecting! I have a collection of coins. You should always check the zinc oxidation levels. * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins. The second penny is worn to the point design elements are beginning to connect. 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. It has lost initial shine, and nearly all relief has become flat. A popular counterfeiting method is to plate a steel cent with copper. As you tilt the coin under a light confirm no breaks in shine are evident. In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. James Bucki is a nationally-recognized coin collector and numismatic expert and author, sharing his knowledge and specialized training in coin grading, minting errors, and collection techniques. Placing an accurate value on your 1943 penny follows a step by step process. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. 1944 Lincoln Wheat Penny Value Guide. Value:The value of a coin with this error can make for quite a few dollars, ranging from $80 to as much as $3,000 if uncirculated. Value:The value ranges from $280 to as much as $5,500 in mint condition. Thus, alternative metals were considered for minting coins. Also important to collectors is condition of a coin. They are worth about .10 ea. Maybe youll find one in your pocket change if you look hard enough and youre lucky. S San Fran. I would like to sell would anyone be interested?? That common misperception likely stems from the popularity of the well-known 1943 bronze cents. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. 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. And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. I have 1943 double die copper pennies and 1943 copper penine that is in good shape no magnet sticks I have got them I want to sell. Value: The value of this penny ranges from $1.95 to around $850. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. The first thing to address is that 1943 steel cents are not at all rare. Just wondering if u have any info about it. Orlando, if you have attachments it's better to post in our forum: https://coinvalues.com/forum. Many were pulled from circulation. 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. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. 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. 1943 Steel Wheat penny DDR value chart. There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. The 1943 copper penny is extremely rare and valuable. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. Thank youy76hghy - Another California Bank Fails Over The Weekend. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. You can call around and ask for a coin grading place. Hi Jackie. I have two 1944 penny's one with D mint one with no mint. Representing the only year of this composition, interest remains high. Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core. Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). A former US President Abraham Lincoln profile is on the obverse, with the inscription IN GOD WE TRUST located on the upper edge. So we are talking about mint state steel wheat back cents only being worth $1 to $2 each. Thus, 1944 steel cents are exceptionally scarce and command very high values. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. A natural blue-grey color is displayed by the fields of the coin, highlighting the legends and devices. If you do have one, it would be worth tens of thousands of dollars. Investing in Collectible Coins. Over 684 million of these zinc coated steel coins were produced. Be less concerned with completing your collection and pay more attention to acquiring high-grade quality coins. 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 wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. In the early 1940s, when the United States had first entered World War II, our nation needed to ration a variety of important materials to help win the war. There are few vintage coins as widely collected as the 1943 steel Lincoln penny. If you have one in an MS 68 rating, you can sell it for $3,500. Therefore, collect coins in the highest grade that you can afford. There is mint identification mRk. The 1943 copper penny is extremely rare and valuable. Unfortunately, this change in the material wasnt an excellent idea. Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. I have 8 rolls of steel pennies If the coins show any signs of wear, they are probably worth around $1. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. This penny is also worth much more than face value. Small details necessary to accurately value are described. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition Date and mint mark collecting are a main focus to collections. As you can expect, they are precious and expensive. Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. 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. What Is a Wheat Penny and How Much Are They Worth? We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. Hey Glenn. 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. Additionally, zinc develops an oxide forming a white powder coating to the metal. Very interesting site and looking for the value of a 1943 penny unminted. Metal alloy of 1943 cents has a few considerations effecting its market acceptance. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. Since only about 40 exist on the market, they are tremendously valuable. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Grading condition is guided by standards. Answer: Zinc-plated steel! Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Hi Mr: Joshua McMorrow Herdandez 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. Lincoln's portrait shows evidence of wear confined to just high points. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! The 1943 penny is worth $1 000 000 because it is not made of steel. How Much is the 1943 Steel Penny Worth? But first, lets discuss what those silver 1943 wheat pennies are made from. This was accomplished by using copper shell casings gathered from military training facilities. Hope that helps! 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. 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? In fact, the very valuable "twin" to the rare 1943 copper cent was born in 1944. But in high grades, a 1944 S Steel Penny once sold for $1,110,923, so your coin could be worth a million dollars! These materials, including copper and nickel, were used for producing ammunition and artillery. Many 1943 steel cents ultimately corroded beyond recognition or were otherwise lost to time. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. The change lasted only a year, and in 1944, the bronze alloy returned to the Lincoln wheat cents again. The first of these was reported within a few years. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. The 1943 Lincoln penny has the same look as other pennies in the series. Very few of these pennies were minted and released into circulation. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. They are worth a considerable amount over theircoppermelt value due to their numismatic interest. How true is that and that isnt so what should I do with it???? Since most people were used to pennies made of copper, this piece was a real surprise at that time. Brenner's initials would be brought back in 1918, but they were much smaller and were placed on the front of the coin near Lincoln's shoulder. This paved the way for an emergency composition for the one-cent coin as well. and new product arrivals. As mentioned above, 1943 copper pennies are rare and valuable. How Much is a 1961 Franklin Half Dollar Value Worth? Given their novelty, they also make great gifts. Very popular with collectors. Noticeable is the major elements remain separated and none are connected due to wear. I have a 1943 steel wheat penny that is in beautiful condition very shiny looks like a new dime no marks perfectly ledgable!! The penny on the left is worn throughout the hair, face, and coat of Lincoln. Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. the postal carrier says they put them in my box, but I still am looking for them. Lincoln Wheat pennies are one of the most popular series of U.S. coins that coin collectors strive to build a complete set. Federal Trade Commission. Most 1943 steel pennies that youll find in circulation are pretty well worn (and many that are worn exhibit rust). There were problems with the coins rusting quickly. Michael is passionate about personal finance, side hustles, and all things geeky. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. The United States Mint eventually acquiesced to the concerns of the public. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. Any value? This global conflict saw the United States military's involvement from 1941 through 1945. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. You can also send photos once I've connected you. I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? 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. Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. The United States Mint started its production in January of the following year. And this is a good thing I love telling people the story behind 1943 pennies and what theyre worth! Confusing which is which between the two years could cost you dearly in your coin collection. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. 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. 1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. It sounds like a misalignment error (a misaligned die strike). You will have no difficulties recognizing them because there is a noticeable gap between these two marks. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. Now, while this may sound like a big number and it is the 1986-D quarters can command a small premium in lightly worn condition. Yet the coin has a vital connection to an international historical event. Upper surfaces are clearly flattened and smoothed. Expert's Assistant: The Appraiser can help.
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