how much is a 1943 wheat penny worth

Value: The value of this coin ranges from 95 cents to as much as $700. Ed. Federal Trade Commission. These are numismatically worthless since they are altered coins. 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. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). 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). Collectible Grade: Qualities of these unique 1943 pennies involve special considerations in condition less than Extremely Fine grade. The small batch of 1943 bronze wheat pennies that were minted in Philadelphia, San Francisco and Denver are now among the most valuable Lincoln cents on the market for collectors. The images aren't coming through unfortunately. Date | Mintmarks | Condition are described and imaged with each series. During World War II, the war effort required a lot of copper to make shell casings and munitions. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. What are they worth? 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. I have a 1943 S mint mark copper penny. It just recently sold at Heritage Auctions on January 20th, 2021 for $840,000. 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. note: This article is periodically updated to reflect the current value of 1943 steel cents. 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. Maybe youll find one in your pocket change if you look hard enough and youre lucky. Lincoln's portrait shows evidence of wear confined to just high points. Today, 1943 copper wheat pennies are among the most valuable Lincoln pennies. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. However, many in the public were less than thrilled with the alternative composition. Above Lincolns shoulder is the word LIBERTY, while in front of the profile are the year of minting and the mint mark. "S" Mintmark Under Date: San Francisco Mint Struck the Coin. 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. It is now part of The Dazzling Red Collection of Lincoln Wheat Cents owned by this unnamed collector. (Price Chart), How Much is an 1943 Silver Quarter Worth? It's because the Denver mint made them in lesser numbers. I definitely recommend getting it authenticated! Most are worth only 2 or 3 cents. 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. If the coin sticks to the magnet, it contains steel and is fake. 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. Thus, it is safe to say that the coin is pretty common in numismatic terms. Josh. Understanding this, the value of a 1943 Lincoln will vary based on its type. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Originality is the key to value. These pennies are now worth a lot of money because they are rare. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! 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. 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. Extra fine This coin wasnt in circulation for a long, and you can notice only light signs of wear on its surface. FAQs About the 1944 Steel Penny How Much is a 1943 or 1944 Penny Worth? 1943 "D" steel penny sells for around 2.68 in their best class. 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. As a result, the 1943 penny is very low on the rare coin scale. Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. Prices have gone way up for the 1943 copper penny over the years. Click here to Learn How to use Coin Price Charts. Thank you! 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. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. Join us today for FREE! Click here to Learn How to use Coin Price Charts. Can you give me an advised or guide me in the right dirrection to find out more about my coin collection. Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. Michael is passionate about personal finance, side hustles, and all things geeky. One of the most valuable Lincoln cents ever produced. This post may contain affiliate links. Expert's Assistant: The Appraiser can help. The best way to determine its value would be to submit it to a third-party grading service such as NGC or PCGS. Their value lies in their novelty. Even though this penny is different, it is not particularly rare. 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. versions. The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. who wants them? | Melt Value? 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. As you can guess, this mistake increases the coin value. Looking for more? Click here to learn how to use coin price charts. And in very good condition. I would like to sell would anyone be interested?? "D" Mintmark Under Date: Denver Mint Struck the Coin. A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. 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. If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. In 1943, World War II was in full swing. The wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. Yes, a copper 1943 penny really is worth an average of $85,000. I have two 1944 penny's one with D mint one with no mint. Metal alloy of 1943 cents has a few considerations effecting its market acceptance. But first, lets discuss what those silver 1943 wheat pennies are made from. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. The 1943 Lincoln penny has the same look as other pennies in the series. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? Values of these steel pennies is greatly reduced by the problems rust creates. one in real good condition might be worth $1-$7 It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. Secondly, once the new metal composition was released into circulation rust and oxidization was now a new consideration to collectors in judging qualities of these coins. For example, one 1943-D copper penny commanded a whopping $1.7 million when it sold at an auction in 2010. Thanks to the high production, you will effortlessly find a specimen for your collection for a very affordable price. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). Where can I get this misprint evaluated? Interest remains high along with demand. Importantly in this condition a strong eye appeal is projected by both coins. Images used to locate mint marks finds its exact place on the chart. If you do have one, it would be worth tens of thousands of dollars. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). Some 1943 steel wheat cents also come with a D over D mint mark error making them more valuable as they are unique. 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. For one, there were up to 3 different types of coins produced each year. But very, very few of these left the U.S. Mint facilities. November 17, 2021 at 8:54 am. Over 684 million of these zinc coated steel coins were produced. Their history is directly connected with WWII. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. How much would you be willing to sell one for? Don't be the last to know about the latest deals 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. How can I find more info on this coin? Preservation in a dry location has resulted in a collectible grade 1943 steel penny. Each of the above are worn 1943 steel cents displaying wear to the surface. Identify date, mint and condition; a wide range of values is found and identified. Teletrade Coin Auctions, www.teletrade.com. Below is how much the coin is at various numismatic levels: Real Experiences. In this instance, the United States Congress passed a law that specified pennies produced in 1943 will be made out of steel instead of bronze. You can call around and ask for a coin grading place. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For. As always, there are also two inscriptions, the UNITED STATES OF AMERICA and E PLURIBUS UNUM. 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. (Spoiler alert: a1943 silver wheat penny isNOT made from silver!). 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+ Zinc, the protective coating, when worn, exposed underlying steel. An example of data being processed may be a unique identifier stored in a cookie. President Theodore Roosevelt commissioned a revamp in the American coinage at the time. The consent submitted will only be used for data processing originating from this website. Abundant on a rarity scale. More than 1 billion 1943 steel wheat pennies were made: However, by the end of 1943, much of the public complained about the new steel pennies. You can quickly notice the double-printed mintmark on the coin surface. 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. 1943 steel wheat pennies were not a hit for these reasons: The U.S. government found the solution to the above problem by making the1944 wheat penny from spent copper shell casings that were recovered from battlefields after use. Zinc, the outer coating, is prone to dulling if disturbed. The United States Mint first minted the Lincoln Wheat penny, or "Wheatie" as they are sometimes called, in 1909. 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.. The store will not work correctly in the case when cookies are disabled. Coins are worth at least their face value. A shortage of copper combined with a need to provide coinage to commerce forced the mint to use an alternative alloy. The S-marked penny comes from the San Francisco mint. These coins traditionally consisted mostly of copper and nickel. 1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. 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. However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set. 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. So, what are 1943 silver pennies made from? 1944 US Mint Annual Report Saving at the time contributes to the supply today. Read more in our privacy policy. There is no right or wrong way to collect 1943 Lincoln cents. Answer: Zinc-plated steel! Searching for error coins continues to be a growing hobby. You can see scratches and damage to the relief, but details are still noticeable and recognizable. Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. Each combination is valued and listed on the chart. A distinct merging of Lincoln's hair and forehead is visible. ), 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. Discover how much your box of old coins is worth. Hi Kelli. There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. Here are five that are valuable due to these kinds of errors in the manufacturing process. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! Other 1943 copper pennies routinely sell for $100,000 to $200,000. and new product arrivals. There are few vintage coins as widely collected as the 1943 steel Lincoln penny. this coin is most sought after by collectors and is most valuable in any grade. No Mintmark Under Date: Philadelphia Mint Struck the Coin. | How much is a Wheat Penny worth? Thus, 1944 steel cents are exceptionally scarce and command very high values. However, there are still millions of collectible 1943 pennies out there. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! A litany of tests and patterns followed for the emergency composition, including plastic and glass. Absence of dark surfaces is a coin above average in preservation. 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. It has lost initial shine, and nearly all relief has become flat. Also, click here to Learn About Grading Coins. The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. This comment section is dedicated more to general commenting. In fact,1943 copper wheat pennies are usually worth $100,000 or more! Keep checking your change, and happy collecting! US Mint. Some 1940 Lincoln proof pennies go for $25 or more. One wide spread market development was the introduction of "Reprocessed" 1943 Steel Pennies. A 1943 penny is unique in the numismatic collectible group of wheat cents. As previously mentioned, the debut year had V.D.B. Just wondering if u have any info about it. A bold D is embossed on the reverse, and the other D is less visible and positioned closer to the coins left edge.

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