how much is a 1943 wheat penny worth

Check your inbox or spam folder to confirm your subscription. In a minute, Ill talk more about the 1943 copper penny and why its so rare. How Much is a 1961 Franklin Half Dollar Value Worth? 1944 Lincoln Wheat cent. You can tell its made that way. As an Amazon Associate I earn from qualifying purchases.Privacy Policy | ContactCopyright document.write("2018 - "+new Date().getFullYear());LostTreasureHQ.com. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. Here are five that are valuable due to these kinds of errors in the manufacturing process. one in real good condition might be worth $1-$7 For higher value coins, Grading Lincoln Wheat Pennies expands on the grading process with video, descriptions, and images. Also, click here to Learn About Grading Coins. ROGER, DID YOU EVER GET AN ANSWER? Thank you, Christie, first you would need to see if the penny sticks to a magnet. You can quickly notice the double-printed mintmark on the coin surface. 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. The value of a lightly circulated 1943 steel penny ranges from 20 cents to 50 cents. Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. I buy coins in the mail and they are tracked to my address, but 50% of the time I get them and 50& of the time I dont. Other 1943 copper pennies routinely sell for $100,000 to $200,000. Young collectors seek coins with the least amount of wear. Small details necessary to accurately value are described. 1922 Silver Dollar Value: How Much Is It Worth Today? 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date. 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. What Is a Wheat Penny and How Much Are They Worth? Territories Coin Values. But chances are any of the Lincoln Wheat cents you've found in pocket . Identity of Date and Mint Mark begins the process. Therefore, it replaced copper in pennies with zinc-coated steel. Join us today for FREE! A record price of $21,275 was fetched at auction for a MS67 D/D. 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. Expert's Assistant: Is there anything else the Appraiser should know before I connect you? Rare coins such as the 1909-S VDB and 1914-D are the "Holy Grails" of any Lincoln Wheat cent collection. Extremely Fine Grade: A light amount of wear visible to high areas places this coin in the Extremely Fine grade. However, many in the public were less than thrilled with the alternative composition. November 17, 2021 at 8:54 am. There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Over the last decade, Ive been asked, How rare are 1943 silver pennies? and How much is my 1943 silver wheat penny worth? more times than I can even remember. No Mintmark Under Date: Philadelphia Mint Struck the Coin. Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. There are only around 30 samples known. Zinc, the protective coating, when worn, exposed underlying steel. The wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. They are worth a considerable amount over theircoppermelt value due to their numismatic interest. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. all circulated and in good plus condition. Zinc, the outer coating, is prone to dulling if disturbed. 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. Hi Judith. The 1943 copper penny is extremely rare and valuable. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. Im not an expert anbit is not graded professionally. Both are in the collectible grading range. Deterioration is a concern, rusting of the underlying steel is accelerated once the outer protective zinc is worn and removed. Deep grey blue fields are smooth and not pitted. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. As a result, the 1943 penny is very low on the rare coin scale. 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. Stephen Roche and Roger Felix 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. It did however present a few problems. (Price Chart). Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. Value:The value ranges from $280 to as much as $5,500 in mint condition. A natural blue-grey color is displayed by the fields of the coin, highlighting the legends and devices. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. Takedown request | View. I have two 1943 steel wheat pennies, it is worth my time to try to sell them? 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! 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. Unfortunately, this change in the material wasnt an excellent idea. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. Representing the only year of this composition, interest remains high. 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. 1943 pennies are indeed steel. Rest . "D" Mintmark Under Date: Denver Mint Struck the Coin. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. You can see them on Lincolns portrait relief, particularly on high spots like hair curls. Their history is directly connected with WWII. Does anyone think the mint will change the composition of the penny again? Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). The S-marked penny comes from the San Francisco mint. Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. Yet the coin has a vital connection to an international historical event. I kept it and put it in the fold and staple. | Melt Value? A bold D is embossed on the reverse, and the other D is less visible and positioned closer to the coins left edge. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. Date | Mintmarks | Condition are described and imaged with each series. The penny on the left is worn throughout the hair, face, and coat of Lincoln. Uncirculated This coin wasnt in circulation and kept the entirely noticeable highest relief points and the glow on Lincolns cheek and jaw. It sounds like a misalignment error (a misaligned die strike). These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. The change lasted only a year, and in 1944, the bronze alloy returned to the Lincoln wheat cents again. 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. The usual 1 lb bags of Wheat Pennies include 148 coins, but it might vary. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. Believe it or not, some are worth much more than that! These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. If your 1943 penny does NOT stick to a magnet it may be a copper cent error that is worth $85,000 or more. Also, click here to Learn About Grading Coins. 1943 S Lincoln Wheat Cent : Steel Cent - USA Coin Book Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. If you buy thru these links, we may earn a commission at no additional cost to you. Since your wheat penny has a silver color, it's almost certainly a 1943 steel cent. I have a 1943 steel wheat penny that is in beautiful condition very shiny looks like a new dime no marks perfectly ledgable!! 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. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. This article will answer the two key questions about the Lincoln wheat pennies: What are the most valuable wheat pennies tocoin collectors(i.e. 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. The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. Value: The value ranges from $500 to around $1,900. Theodore Roosevelt was on a mission to redesign our nation's coinage. Evidence of both rust and oxidation are visible on the example coins. Noticeability absent are small spots due to humidity. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? note: This article is periodically updated to reflect the current value of 1943 steel cents. Lincoln Wheat Penny Key Dates, Rarities and Varieties, Kennedy Half Dollar Values and Prices (1964-2015), Buffalo (Indian Head) Nickel Values and Prices, How to Value and Price a Roosevelt Clad Dime, 50 State Quarters, D.C., and U.S. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. 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. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Step one is to confirm exact Date and Mint Mark variety. Discover how much your box of old coins is worth. So we are talking about mint state steel wheat back cents only being worth $1 to $2 each. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. How Much is the 1943 Steel Penny Worth? I also have a very beautiful 1943 wheat penny without the mint mark. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! Im the Coin Editor here at TheFunTimesGuide. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. (Right now, the government loses money on every penny it issues. With the four different reverses on theLincoln cent in 2009, and the new Shield reverse starting in 2010, interest in Lincoln cents peaked for a few years. Maybe youll find one in your pocket change if you look hard enough and youre lucky. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Many were pulled from circulation. In fact,1943 copper wheat pennies are usually worth $100,000 or more! This may come as something of a surprise to the many who believe these coins are quite valuable. One of the finest examples of this coin sold at Heritage Auctions on June 18th, 2021 for $6000. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Image: USA CoinBook. The scammer attempts to file down the 8 in the date to look like a 3. Over 684 million of these zinc coated steel coins were produced. The 1943 steel penny with no mintmark is usually worth between $3 and $10. Manage Settings ), on the reverse side, and the other did not. Keep checking your change, and happy collecting! Thus, 1944 steel cents are exceptionally scarce and command very high values. 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. 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 ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! Quality of the surfaces is noted as quickly fading. How Much is a Silver Dollar Worth? Most steel pennies are worth between 20 cents and 20 dollars. These are rare pennies to look for in . Would you please try and repost these images here? And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. 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. I was wondering is my US cent from 1943 and 1944s are worth any money. There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. Hi Jackie. One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. If you have one in an MS 68 rating, you can sell it for $3,500. 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 -- (Price Chart), How Much is a 1930 Wheat Penny Worth? The 1943 copper penny was an accidental manufacturing error. And, sure, that makes sense. The Philadelphia mint produced 684,628,670 pennies in 1943. The all-time record price for a 1943 bronze cent is $1.7 million. 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. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. 1943 Copper Penny - Spotting a Fake - The Spruce Crafts This applies within and even beyond the numismatic realm. What needs to be remembered, though, is that 1943 steel Pennies are not rare in fact, they are quite common, with more than 1 billion produced across all three mints operating in 1943: Philadelphia, Denver (D), and San Francisco (S). There were problems with the coins rusting quickly. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. You can use the upload file icon below the text entry box, or post in our forum. I would like to sell would anyone be interested?? Grading condition is guided by standards. 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). Hi Kelli. 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! versions. If your coin is worn and looks similar to the one illustrated in the link below, it is considered acirculatedcoin. A former US President Abraham Lincoln profile is on the obverse, with the inscription IN GOD WE TRUST located on the upper edge. US Mint. Advanced collections choose from the many available in "like new" condition. During World War II, the war effort required a lot of copper to make shell casings and munitions. 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. How much is a Silver Quarter worth? 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. Date and mint mark collecting are a main focus to collections. Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. Be on the lookout for the ultra-rare 1909-S VDB. I have a 1982 no mint penny that is blank on the back, how much is that worth? Rare 1943 Penny Sells for Six Figures: How To Tell If You Have One Too But very, very few of these left the U.S. Mint facilities. This was accomplished by using copper shell casings gathered from military training facilities. As you have probably known, this metal oxidizes in contact with moisture, creating stains on the surface. I have two 1944 penny's one with D mint one with no mint. - 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.. One without a mintmark is worth between $0.15 and $1. Double die minting errors result from two impressions being made that are slightly offset from one another. The reason 1944 Steel Cents are so valuable is precisely because they are extremely rare coins. 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. Therefore, collect coins in the highest grade that you can afford. Most are worth only 2 or 3 cents. Harrison, The error can be seen in the word Trust and on the date. Due to their high value for coin collectors, there are lots of fakes around. Importantly in this condition a strong eye appeal is projected by both coins. There are many valuable, rare pennies out there. 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. 1944 bronze cents are common, but a few of the steel-coated zinc coins were minted that year by mistake. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. Luster and its texture remain intact to reach the uncirculated grade. The first of these was reported within a few years. 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. As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. It is the 5th highest number of all the pennies made in this mint. The 1944 wheat penny with a D mint mark is worth between $0.02 in Good and Fine condition. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. 1943 D Lincoln Wheat Cent : Bronze/Copper - USA Coin Book Another scam involves the 1948 penny. Sincerely: Linda G. I have a silver wheat penny that only has a 19 for the date and has no mint mark. In other words, this is actually an extremely rare error coin. Pricing the 1943 Lincoln Penny. Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. Most 1943 wheat pennies appear to be silver in color. How Much Is My Modern Jefferson Nickel Worth? This global conflict saw the United States military's involvement from 1941 through 1945. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. I would suggest submitting it for grading at NGC or PCGS to find out if it's a valuable error. Thank You. A lighter shade of silver-grey highlights the design. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. These coins come from the San Francisco Mint and initially received the designers initials on the obverse of the coin, but after some review, they were repositioned to the reverse. Hope that helps! Desirable is a complete coating of zinc. Here's How to Test Your Silver & Gold, Buffalo Nickel (19131938): Values & History, Mercury Dime (19161945): Values & History, Washington Quarters: Key Dates & Varieties. 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. Their value lies in their novelty. | How much is a Wheat Penny worth? Images used to locate mint marks finds its exact place on the chart. Handling and circulating through commerce easily start the process of metal removal. US coin value charts covering cents to gold. If the coin sticks to the magnet, it contains steel and is fake. The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. Placing an accurate value on your 1943 penny follows a step by step process. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. How do I know if my Wheat penny is worth money? (2023) Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. 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. The 2 I have no mint brown in color and weighs 2.7 grams. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. who wants them? Thank youy76hghy 1943 Steel Penny Values Chart 2023 (Up to $348,000) A litany of tests and patterns followed for the emergency composition, including plastic and glass. Click here to Learn How to use Coin Price Charts. In any condition, the following Lincoln wheat cents are worth considerably more than common wheat pennies. 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. Each combination is valued and listed on the chart. Absent is any rust. Very interesting site and looking for the value of a 1943 penny unminted. 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. A composition of steel, coated with zinc, resulting in their distinctive color, sets these coins apart. Worn steel pennies with eye appeal are popular with beginning collectors and a fascination to younger collectors. (Price Chart), How Much is an 1943 Silver Quarter Worth? 1943 "D" steel penny sells for around 2.68 in their best class. Josh @ CoinValues. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. Upper surfaces are clearly flattened and smoothed. One wide spread market development was the introduction of "Reprocessed" 1943 Steel Pennies. However, it could also be the result of excessive wear to the reverse of the coin. You should always check the zinc oxidation levels. 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. However, some leftover steel blanks ended up in the pressing machines, and these 1944 steel cents ended up in circulation. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. Saving at the time contributes to the supply today. For one, there were up to 3 different types of coins produced each year. Noticeable is the major elements remain separated and none are connected due to wear. Some 1940 Lincoln proof pennies go for $25 or more. There is no right or wrong way to collect 1943 Lincoln cents. I primarily collect and study U.S. coins produced during the 20th century. These coins are on a rarity scale of Abundant. The 1943 D/D steel penny is an error coin minted that particular year. Orlando, if you have attachments it's better to post in our forum: https://coinvalues.com/forum. This post may contain affiliate links. 1943 Lincoln Wheat Pennies Values and Prices - CoinValues.com Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. Value: It ranges in value from about $8 to $800. https://nnp.wustl.edu/library/publisherdetail/51 NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. I have a collection of coins. However, there are still millions of collectible 1943 pennies out there. Denver 1943 cents are in demand because of their uniqueness. Silver has been used in many coins including dimes, quarters, half dollars, and dollar coins.

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