Which 1943 steel penny is valuable?
A 1943 Lincoln penny that soared in value because it was made from the “wrong” material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency.
Are 1943 steel cents worth anything?
Because they are quite common, a 1943 penny in circulated condition is not worth much. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents. However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000.
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.
How much is a 1942 steel penny worth?
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around 35 cents, while one in certified mint state (MS+) condition could bring as much as $3 at auction. This price does not reference any standard coin grading scale.
What makes a 1943 steel penny worth money?
If your 1943 penny is made out copper, it is worth quite a bit of money, generally $10,000 or more! The reason is that the 1943 copper penny is an error coin. The United States Mint accidentally used the wrong kind of planchet metal when striking the coin.
How many 1943 steel pennies are left?
Nearly all circulating pennies at that time were struck in zinc–coated steel because copper and nickel were needed for the Allied war effort. Approximately 40 1943 copper–alloy cents are known to remain in existence.
Will a 1943 steel penny stick to a magnet?
The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper. If it does not stick, the coin might be of copper and should be authenticated by an expert.
Why is a 1943 penny so valuable?
The copper was supposed to be saved for the war effort during World War II, but a chance mistake resulted in a few pennies being struck in copper. Only about 10-15 of these collectible coins still exist, making the 1943 copper penny one of the most valuable old pennies in existence.
What is 1943 silver wheat penny worth?
A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100.
What is a 1943 silver penny worth today?
What is the value of a 1944 steel US cent?
The 1944 steel penny is worth between $75,000 and $110,000 , depending on its condition. The 1943 copper cent – with only 40 made and 12 known to exist today – can command a price of around $150,000 to $200,000. Of course, when a penny is worth more than $75,000, you’d expect a few counterfeit examples to be floating around out there.
What is the most expensive Penny ever sold?
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. It was sold in a private sale in September of 2010 and it went for an unbelievable price of $1,700,000 through Legend Numismatics .
What is the most valuable steel Penny?
Most 1943 pennies are steel-gray in color and not worth much more than face value. This record has been broken by a new coin; World Most Expensive Penny-1792 Birch Cent. “This is the world’s most valuable penny.
Which old pennies are the most valuable?
The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all. Just 40 of the coins — probably created by accident, on copper-alloy one-cent blanks left in the presses in the wartime years when pennies were converted to steel — are known to exist.