Question: What Is The Worth Of A 1943 Steel Penny?

Are steel pennies valuable?

The majority of examples of 1943 steel pennies are in circulated condition and have developed a lot of spots and tarnish.

These are worth less than a dollar, but nice Mint State coins are also available.

Uncirculated 1943 cents from each branch mint.

In MS60 they are worth $7; $15 in MS63; and $28 in MS65..

How much is a 1943 steel wheat penny worth?

CoinTrackers.com has estimated the 1943 Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $10.

What makes a 1943 steel penny valuable?

A regular 1943 steel penny is worth only a few cents. As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. If it was in circulation long enough, the zinc coating completely wore off, and the steel underneath would start to show through.

Why is the 1944 steel penny so valuable?

Because much copper was required for military purposes, it was decided that the one cent coins (pennies) of 1943 would not contain any copper. They were specified to be zinc-coated steel. … The steel planchets used in 1944 were almost certainly leftover from 1943.

What are the top 10 rarest coins?

Top 10 Rare U.S. Coins1933 Saint-Gaudens Double Eagle. … 1804 Draped Bust Dollar. … 1861 Confederate States Half-Dollar. … 1974 Aluminum Penny. … 1913 Liberty Head Nickel. … 1776 Silver Continental Dollar. … 1943 Copper Penny.

How do I know if my 1943 penny is valuable?

The way to detect if your 1943 penny is made out of copper is by using a magnet. If the penny sticks to the magnet, it is made out of steel — not copper. Keep your eyes open for this rare penny — and you could be up to $200,000 richer if you find it.

What steel penny is worth the most?

25 Most Valuable US Pennies1.) 1944 Steel Wheat Penny – Worth $110,334.2.) 1943 Copper Wheat Penny – Worth $85,782.3.) 1873 Indian Head Penny – Worth $10,000.4.) 1914 D Wheat Penny – Worth $5,500.5.) 1922 D Wheat Penny – Worth $5,000.6.) 1877 Indian Head Penny – Worth $3,200.7.) 1926 Wheat Penny – Worth $3,000.8.)More items…

What year is a penny worth 1 million dollars?

1943A Massachusetts man’s rare 1943 Lincoln penny could be worth over a million dollars. The 1943 penny was minted in steel due to Copper being a valuable material for the war effort.

What is a 1964 penny worth?

CoinTrackers.com has estimated the 1964 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $12.

How can you tell if a coin is rare?

Just because a coin is old doesn’t make it valuable.How to Know If You Have a Valuable Coin (and What to Do About It If You Do) … Consult the ‘Coin Bible’ … Look for Errors. … Look at Mint Marks. … Look for Fakes. … Do Your Research. … Organize Your Collection. … Have Your Coin Appraised.More items…•

How much is a 1945 penny worth?

1945 Penny Value1945 Lincoln Penny ValueCondition of Coin1945 Lincoln Penny Value Up-Dated20201945$0.02$1.501945 D$0.02$0.952 more rows

What is the highest paid penny?

1. 1943-D type Lincoln Bronze Penny – $1.7 million. The most expensive penny that has ever been sold at auction is a 1943-D Lincoln penny that had been struck on a bronze planchet. The penny was in uncirculated condition.

Why is the 1944 penny rare?

The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.

What is the rarest Kennedy half dollar?

1964 SMS Kennedy half dollarThe 1964 SMS Kennedy half dollar is one of the most elusive modern United States coins and is by far the rarest non-error, non-die variety Kennedy half. Mystique shrouds the existence of 1964 SMS Kennedy half dollars, of which there are just 12 known examples.

Why is the 1933 penny so rare?

The reason so few were produced was that the Royal Mint had a surplus of penny coins in 1932, and did not need any more in the following year. Most of the 1933 pennies are in private hands, although one of the Pattern versions is in the Royal Mint’s museum.

How many 1943 steel pennies are left?

Approximately 40 1943 copper–alloy cents are known to remain in existence. Coin experts speculate that they were struck by accident when copper–alloy 1–cent blanks remained in the press hopper when production began on the new steel pennies.

What’s the rarest penny?

1943 Bronze Lincoln “The most valuable Lincoln cent sold privately in 2010 for $1.7 million,” said Stone. In order to preserve copper for the war effort, the U.S. Mint switched to making pennies from zinc-coated steel planchets, instead of the usual bronze coin blanks, Stone explained.

Which 1943 penny is worth the most?

The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.

What year pennies are worth keeping?

Lincoln pennies that were minted between 1959 and 1982 tend to be worth more since they are almost 100 percent copper, rather than an alloy.

Should I clean old coins?

In general, old coins should not be cleaned. While you might think that getting all the years of dirt and grime off a coin would make it more valuable, the opposite is actually true! By cleaning a coin, you may actually damage it and decrease its value. At worst, you could permanently damage the coin.