Any wheat penny is worth at least 4 cents to most dealers. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). Image: USA CoinBook. Coins are worth at least their face value. There is no right or wrong way to collect 1943 Lincoln cents. 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. The penny is more valuable than the one made in Philadelphia without a mint mark. The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. Would you please try and repost these images here? Their values are based on the latest deals and market updates. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. You can also send photos once I've connected you. How much is a 1943 Lincoln penny worth? Lincoln Wheat Cents are legal tender. Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. 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. Yes! and new product arrivals. The new penny would have the Lincoln Memorial as a motif, substituting the popular wheat stalks. Over 684 million of these zinc coated steel coins were produced. I primarily collect and study U.S. coins produced during the 20th century. 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. In 1943, World War II was in full swing. Manage Settings who wants them? Immediately the mint recognized the metal was harsh on coining dies, reducing die life. Anyway have a great day everyone out there. I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? Since only about 40 exist on the market, they are tremendously valuable. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. Values of these steel pennies is greatly reduced by the problems rust creates. WHAT IS A 1943 STEEL PENNY WORTH - RARE PENNY WORTH MONEY!! Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. Although pennies have been around since the late 1700s, the penny did not take its now-familiar form until 1909, when its design began featuring President Abraham Lincoln to celebrate the centennial of his birth, replacing the Indian head pennies in production at the time. 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! As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. and non V.D.B. 1943 Steel Penny Values Chart 2023 (Up to $348,000) As mentioned above, 1943 copper pennies are rare and valuable. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. Date | Mintmarks | Condition are described and imaged with each series. How much would you be willing to sell one for? Numismatists believe some bronze planchets were used by mistake. Since your wheat penny has a silver color, it's almost certainly a 1943 steel cent. See the19 Most Valuable Pennies Ever Sold here. The United States Mint first minted the Lincoln Wheat penny, or "Wheatie" as they are sometimes called, in 1909. Value: This Lincoln penny is worth around $1.50 and up to $1,800 if in mint condition. 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 you have one in an MS 68 rating, you can sell it for $3,500. Eye appeal is an important consideration by collectors when choosing a coin to add to their collection. Value:The value ranges from $280 to as much as $5,500 in mint condition. 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! As a result, the 1943 penny is very low on the rare coin scale. USA Coin Book estimated value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is worth $408,418 in average condition and can be worth $821,820 to $2,087,886 or more in uncirculated (MS+) mint condition. Good afternoon! So the 1943-D Wheat Penny that was accidentally struck in copper ended up being quite . Desirable is a complete coating of zinc. It was said to me it isnt worth a grunion in market value. ones These are the ones no one has handled with their bare hands. There were problems with the coins rusting quickly. That sure is a lot of money for an old penny, right? Additionally, the high copper content gives the coin a higher value than its face value. Grade 2020 Value; MS67: $1,586: MS65: $600: MS65: $528 #2 - 1943 Steel Penny D - $6,000. Take a close look at their condition. During World War II, the Allied Forces needed many essential resources to help optimize success in the war. But if I an 10 others were to put a grade on it from 1-10. The 1944 wheat penny with a D mint mark is worth between $0.02 in Good and Fine condition. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. 1943 "D" steel penny sells for around 2.68 in their best class. 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. Searching for error coins continues to be a growing hobby. These coins traditionally consisted mostly of copper and nickel. The magnet test verifies rather or not a 1943 cent is made from steel or copper, not rather or not it is authentic. A light sliver grey is their normal appearance when worn, standing out and easily spotted. Hi Michael I have several the UNC. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Harrison, 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." Only a couple dozen pieces were made and exist today, and each is worth about $100,000. The usual 1 lb bags of Wheat Pennies include 148 coins, but it might vary. It will also be impossible to distinguish the tiny details on the reverse, particularly the wheat grains that are almost unrecognizable. Placing an accurate value on your 1943 penny follows a step by step process. 1943 steel cents capture interest of collectors. How Much is a 1942 Wheat Penny Worth? (Price Chart) - Something Borrowed The 1943 steel penny with no mintmark is usually worth between $3 and $10. The incorrect use of brushes or cloth can cause unwanted scratches or tears. A standard method is used to located how much its worth on the chart. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! Date and mint mark collecting are a main focus to collections. 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. It was graded MS68 by PCGS. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln 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. 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. Value: This Lincoln penny value varies from 75 cents up to $1,000. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. Here's a rundown on 1945 penny values and mintage figures for the different 1945 pennies so you can see how many were made: 1945 penny (no mintmark, made in Philadelphia) 1,040,515,000 minted; worth 2 to 5+ cents; 1945-D penny (struck in Denver) 266,268,000 minted; worth 3 to 5+ cents; 1945-S penny (produced in San Francisco) 181,770,000 minted; worth 5 to 10+ cents one in real good condition might be worth $1-$7 Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. Reply. The value of a coin varies according to many factors: metal content, purity, rarity, etc. A distinct merging of Lincoln's hair and forehead is visible. No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set. ), on the reverse side, and the other did not. 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. Technical and aesthetics grading determines value to collectors. How Much is a 1943 Dime Worth? 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. 1943 Steel (Silver) Penny: Background and Value - The Spruce Crafts The VDB pennies minted in the San Francisco Mint are the rarest. 1944 Steel Penny Value Guides (Rare Errors, "D", "S" and No Mint Mark) I kept it and put it in the fold and staple. The error can be seen in the word Trust and on the date. The first of these was reported within a few years. A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. Unique in US mint history, three varieties of these 1943 cents were struck. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Therefore, it replaced copper in pennies with zinc-coated steel. When it comes to determining the value of a coin like the 1943 Lincoln, this is something that will depend on a few different factors. Originality is the key to value. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! Im not an expert anbit is not graded professionally. Thus, it is safe to say that the coin is pretty common in numismatic terms. Josh. There is mint identification mRk. It's because the Denver mint made them in lesser numbers. Don't be the last to know about the latest deals and new product arrivals. 2023 SD Bullion, Inc. All rights reserved. These pennies are now worth a lot of money because they are rare. 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek
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