how much is a 1943 wheat penny worth

His temple, cheek, and jaw are smooth and flat on the highest ridges. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. 2023 SD Bullion, Inc. All rights reserved. Read more in our privacy policy. It is known that only about 40 copper pennies were minted in 1943, so they are considered exceptionally rare on the current coin market. Collectible Grade: Qualities of these unique 1943 pennies involve special considerations in condition less than Extremely Fine grade. However, there are still millions of collectible 1943 pennies out there. https://nnp.wustl.edu/library/publisherdetail/51 Lincoln's portrait shows evidence of wear confined to just high points. The United States Mint accidentally used the wrong planchet metal when striking the coin. For the best experience on our site, be sure to turn on Javascript in your browser. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. In low grades, a 1943 or 1944 penny is only worth its face value. Even though this penny is different, it is not particularly rare. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. How Much is a 1961 Franklin Half Dollar Value Worth? A lighter shade of silver-grey highlights the design. USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.34 in Average Condition and can be Worth $6.81 to $23 or more in Uncirculated (MS+) Mint Condition. Im the Coin Editor here at TheFunTimesGuide. Orlando, if you have attachments it's better to post in our forum: https://coinvalues.com/forum. Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. See the19 Most Valuable Pennies Ever Sold here. 1944 Lincoln Wheat Penny Value Guide. That sure is a lot of money for an old penny, right? Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Not unlike key dates from silver dimes, quarters, half dollars and dollar coins who are worth much more than what is called "junk silver". In any condition, the following Lincoln wheat cents are worth considerably more than common wheat pennies. How much is a 1943 Lincoln penny worth? Other factors like the mint year, condition, and rarity greatly influence the value of a collectible coin. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! Believe it or not, some are worth much more than that! The Melt Value shown below is how . Identity of Date and Mint Mark begins the process. Join us today for FREE! A standard method is used to located how much its worth on the chart. The 1943 Lincoln penny has the same look as other pennies in the series. They are worth about .10 ea. and new product arrivals. 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. And in very good condition. Manage Settings I have a 1946 wheat penny with no mint mark in good condition what is it worth. Just wondering if u have any info about it. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. A better than average 1943 cent stands out over lesser condition coins. This set is commonly sold in mass-market offerings. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. Investing in Collectible Coins. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! The first of these was reported within a few years. But it turned out a few 1943 wheat pennies had accidentally been made with leftover copper planchets (prepared coin blanks) from 1942 and they escaped from the United States Mint! Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. 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. Due to their rarity, these coins are very valuable and continue to rise in value every year. Unique in US mint history, three varieties of these 1943 cents were struck. 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." 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. USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $451,026 in Average Condition and can be Worth $907,557 to $2,305,706 or more in Uncirculated (MS+) Mint Condition. But in high grades, a 1944 S Steel Penny once sold for $1,110,923, so your coin could be worth a million dollars! 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! I have a 1943 steel wheat penny that is in beautiful condition very shiny looks like a new dime no marks perfectly ledgable!! Zinc, the protective coating, when worn, exposed underlying steel. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. Curls of hair are flattened but major waves remain separated. Thomas G. Flammio: I also have 1943 steel penny with no mint. The scammer attempts to file down the 8 in the date to look like a 3. Double die minting errors result from two impressions being made that are slightly offset from one another. If you buy thru these links, we may earn a commission at no additional cost to you. Discover how much your box of old coins is worth. NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. Continue with Recommended Cookies. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service. Have A Silver Penny Thats Not A 1943 Steel Cent? More than 2 billion wheat pennies were made in 1944, but that doesn't mean that there aren't important 1944 Lincoln cents that are worth a lot of money. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. And, sure, that makes sense. Any value? You can quickly distinguish them by the marks on the coin reverse. Worn steel pennies with eye appeal are popular with beginning collectors and a fascination to younger collectors. I have 1943 steel wheat pennies among many others,have no access to internet much,am wondering if theyre worth more than face value? Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. Looking to see how much your wheat penny is worth? 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). If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. The images aren't coming through unfortunately. 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. Harrison, Precautions help preserve the future condition of the coin. Reply. Very interesting site and looking for the value of a 1943 penny unminted. However, some leftover steel blanks ended up in the pressing machines, and these 1944 steel cents ended up in circulation. 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. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. 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. The second penny is worn to the point design elements are beginning to connect. PS: never send in your coins by mail or leave them there to be looked at. note: This article is periodically updated to reflect the current value of 1943 steel cents. Until recently, mint marks were punched by hand, and thus the position tended to vary slightly. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . Images used to locate mint marks finds its exact place on the chart. As previously mentioned, the debut year had V.D.B. Value: This Lincoln penny value varies from 75 cents up to $1,000. The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. US Mint. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. 1944 Wheat Penny Value: How Much is it Worth Today? Below is a list of the top 15 most valuable wheat pennies ever sold at auctions, according to PCGS: 1943-D Bronze Wheat Penny MS64BN - Sold for $840,000 in January of 2021; 1943-S Bronze Wheat Penny MS63BN - Sold for $504,000 in November of 2020; 1944-S Steel Wheat Penny MS66 - Sold for $408,000 in August of 2021; 1943 Bronze Wheat Penny MS62BN - Sold for $372,000 in February of 2021; 1958 Doubled Die Obverse Wheat Penny MS64RD - Sold for $336,000 in March of 2018; 1909 VDB VDB Proof Wheat Penny PR67+ - Sold for $258,500 in August of 2014; 1943 Lincoln Cent (Wheat Reverse) AU58 - Sold for $218,500 in January of 2010; 1944 Steel Wheat Penny MS64 - Sold for $180,000 in June of 2021; 1909-S VDB Wheat Penny MS67RD - Sold for $168,000 in April of 2022; 1914-D Lincoln Cent (Wheat Reverse) MS66+RD - Sold for $158,625 in May 2018; 1926-S Lincoln Cent (Wheat Reverse) MS65 - Sold for $149,500 in January of 2006; 1943/2-S Lincoln Cent (Wheat Reverse) AU58 - Sold for $138,000 in March 2004; 1914 Lincoln Cent (Wheat Reverse) Proof PR68 - Sold for $126,500 in April of 2008; 1917 Doubled Die Obverse Wheat Penny MS67+RD - Sold for $120,000 in March of 2019; 1944-D Steel Wheat Penny MS63 - Sold for $115,000 in August of 2007. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. 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. Stainless Steel vs. Sterling Silver: Whats the Difference? 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. However, it could also be the result of excessive wear to the reverse of the coin. Their history is directly connected with WWII. . Otherwise, non-error steel cents are not in themselves rare. Go on line and type in 1943 P, D or S pennies value Also, click here to Learn About Grading Coins. A very common fraud involving the copper 1943 cent is to grind away part of the 8 in the date of a 1948 penny. 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. The military industry was run out of copper necessary for making castings. There is mint identification mRk. But if I an 10 others were to put a grade on it from 1-10. It is important to judge your coin against both the images and descriptions. 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. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. Coins are worth at least their face value. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. An higher quality MS62BN sold in 2021 for $372,000, while the finest known MS63RD was sold privately for over one million dollars to an anonymous collector in 2018. Check your inbox or spam folder to confirm your subscription. Additionally, zinc develops an oxide forming a white powder coating to the metal. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. Approximately 30 to 40 1943 Pennies were inadvertently struck on 1942 bronze coin Planchets. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. Hi Mr: Joshua McMorrow Herdandez Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Latest Offers, Straight To Your Inbox. Noticeability absent are small spots due to humidity. Historic value is high. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. Good afternoon! 1943 Lincoln Cents: The Value Of Steel Vs. Copper, 1992 Penny Value Guide: See What Your 1992 Pennies Are Worth (Including The Rare 1992 Close AM Penny Worth $25,000! "D" Mintmark Under Date: Denver Mint Struck the Coin. He officially announced the change in design that same year. Very popular with collectors. Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. A distinct merging of Lincoln's hair and forehead is visible. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. You're right, the grading fees will likely cost more than the coins are worth. A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . JavaScript seems to be disabled in your browser. Today, however, many coin collectors and non-collectors alike regard 1943 Pennies as something of a novelty. . Here are five that are valuable due to these kinds of errors in the manufacturing process. While 1943 copper cents weigh about 3.11 grams. They are worth a considerable amount over theircoppermelt value due to their numismatic interest. A litany of tests and patterns followed for the emergency composition, including plastic and glass. Over 684 million of these zinc coated steel coins were produced. 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. Even though they are pretty common these days, most collectors want to include them in their collections. The 1943 copper penny was an accidental manufacturing error. A bold D is embossed on the reverse, and the other D is less visible and positioned closer to the coins left edge. Then they are sold via general-readership newspaper and magazine advertisements. From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. These are rare pennies to look for in . This new design approach was a break from tradition where only the designer's initial from his last name was used on the coin. There are many valuable, rare pennies out there. (Price Chart), How Much is an 1943 Silver Quarter Worth? I found recently a 1984 penny with some raised ridges on the obverse. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. Here's How to Test Your Silver & Gold, Buffalo Nickel (19131938): Values & History, Mercury Dime (19161945): Values & History, Washington Quarters: Key Dates & Varieties. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. Interest remains high along with demand. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. One version had the engraver's initials, Victor David Brenners (V.D.B. Thank youy76hghy How can I find more info on this coin? ), A 1999 Penny Worth $300? Since most people were used to pennies made of copper, this piece was a real surprise at that time. Indeed, whether collected as part of a short set or incorporated into a larger run of Lincoln cents, the 1943 steel pennies are favorites among non-numismatists and veteran coin collectors alike. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. You can use the upload file icon below the text entry box, or post in our forum. A popular counterfeiting method is to plate a steel cent with copper. Yet the coin has a vital connection to an international historical event. The value of a coin varies according to many factors: metal content, purity, rarity, etc. Josh. Real People. Tod Lock says. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Are you concerned the precious metals train has left the station without you. 1943 "D" steel penny sells for around 2.68 in their best class. 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. Many coins removed from circulation have only touches of wear retaining a pleasing appearance. Lincoln Wheat pennies are one of the most popular series of U.S. coins that coin collectors strive to build a complete set. This comment section is dedicated more to general commenting. CSSocialMedia says. So we are talking about mint state steel wheat back cents only being worth $1 to $2 each. This off-metal transitional error was accidentally struck when a few leftover 1942 copper planchets were fed through the presses at the Philadelphia, Denver, and San Francisco Mints. That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. | Melt Value? Unfortunately, this change in the material wasnt an excellent idea. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. Looking for more? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. Save my name, email, and website in this browser for the next time I comment. There were problems with the coins rusting quickly. Value: The value of this penny ranges from $35 to $1,200. Takedown request | View. Even though they are pretty common these days, most collectors want to include them in their collections. Value: It ranges in value from about $8 to $800. These pennies are now worth a lot of money because they are rare. This was accomplished by using copper shell casings gathered from military training facilities. 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. 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. Importantly in this condition a strong eye appeal is projected by both coins. After a while, the coins quickly lost a zinc surface layer and were prone to rust. The 1942 Wheat penny has high value as a numismatic coin and gem in pristine condition. For all these reasons, the US Mint decided to reuse copper for producing pennies in 1944. 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. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. The reason is that the 1943 copper penny is an error coin. 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. So, their absence proves that the coin is intact. ), 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. I have two 1944 penny's one with D mint one with no mint. Another scam involves the 1948 penny. They look very convincing, although you can check the coin for authenticity with a magnet. But that means top of the line. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'losttreasurehq_com-leader-3','ezslot_13',110,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-3-0');The zinc alloy gives the coin a silver appearance and they are commonly referred to as 'Steel Cents', although they have been mistaken for aluminum and lead. This year and mintage (Denver) is considered a key date and is the most valuable of the non-error Wheat pennies. Brass brushes would be an excellent option because they are softer. Victor D. Brenner designed the coin under the direction of Pres. These coins are on a rarity scale of Abundant. Hi Jackie. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. No areas of wear form connections to each other. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. I was wondering is my US cent from 1943 and 1944s are worth any money. What Is a Wheat Penny and How Much Are They Worth? USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $252,182 in Average Condition and can be Worth $593,651 or more in Uncirculated (MS+) Mint Condition. Metal alloy of 1943 cents has a few considerations effecting its market acceptance. Since only about 40 exist on the market, they are tremendously valuable. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). Other 1943 copper pennies routinely sell for $100,000 to $200,000. 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.. one in real good condition might be worth $1-$7 Silver has been used in many coins including dimes, quarters, half dollars, and dollar coins. Some leftover copper planchets (sometimes mistaken for brass) were still in the presses from the previous year (1942) as the zinc planchets were loaded up. 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. Therefore, collect coins in the highest grade that you can afford. This minor release of coins resulted in the exceedingly scarce 1909-S VDB Lincoln's penny. Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. 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. Nevertheless, checking the 1943 Penny value is advisable, particularly if you have a bronze piece or one with an error. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. How true is that and that isnt so what should I do with it???? It was said to me it isnt worth a grunion in market value. In 1943, 217,660,000 pennies came out from the Denver mint. Since your wheat penny has a silver color, it's almost certainly a 1943 steel cent. I also have a very beautiful 1943 wheat penny without the mint mark. Since the US Mint was making pennies of this metal, it decided to contribute. Reply. This paved the way for an emergency composition for the one-cent coin as well. A light sliver grey is their normal appearance when worn, standing out and easily spotted. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. Values climb with these upper grades. The best bullion deals straight to your inbox. The 1943 D/D steel penny is an error coin minted that particular year. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-leader-2','ezslot_11',111,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-2-0');A strange minting anomaly also occurred in 1943 which saw the production of a handful of copper/bronze wheat pennies across all three mints. Highest areas to judge for complete luster are Lincoln's temple, cheek, and jaw. Anyway have a great day everyone out there. If youve gotten to this point in the article, youre probably still curious what a 1943 steel wheat penny is worth. Thus, it is safe to say that the coin is pretty common in numismatic terms. 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. Values of these steel pennies is greatly reduced by the problems rust creates. 1943 Lincoln Wheat cent, steel composition. My best guess is that the last two digits of the date have been worn away over time. Would you please try and repost these images here? Jump to: What is a Wheat Penny? 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. Any wheat penny is worth at least 4 cents to most dealers. Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? As illustrated in the photo in the link below, themint markis located on theobverseof the coin,just below the date. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny.

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