how much is a 1943 wheat penny worth

this coin is most sought after by collectors and is most valuable in any grade. These coins are struck from a zinc coated steel alloy. Hey Daniel. Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). - Another California Bank Fails Over The Weekend. My love for coins began when I was 11 years old. Since the US Mint was making pennies of this metal, it decided to contribute. A distinct merging of Lincoln's hair and forehead is visible. It's quite literally the million-dollar question! - 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.. go on line and type in 1943 or 44 penny Value Only a couple dozen pieces were made and exist today, and each is worth about $100,000. These are worth, A lightly circulated 1943 steel penny is generally worth, The uncirculated 1943 steel penny value usually ranges from about, Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth. 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! 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 postal carrier says they put them in my box, but I still am looking for them. Often they are reprocessed (stripped and recoated) pieces assembled in plastic display cases. A grade defines its state of condition and is used by collectors to help judge its worth. Tod Lock says. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. His temple, cheek, and jaw are smooth and flat on the highest ridges. JavaScript seems to be disabled in your browser. Click here to Learn How to use Coin Price Charts. These are considered novelty items and have no collector value. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. The reason for the change from Bronze to Zinc was to do with the US war effort that year. 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. They are worth about .10 ea. Otherwise, non-error steel cents are not in themselves rare. The 1943 copper penny is extremely rare and valuable. Due to their rarity, these coins are very valuable and continue to rise in value every year. Collector preference are coins without rust. I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? also a 1943 dime sized one cent wheat penny lining for estimated values. Best wishes, Many collectors do not consider their coin collection complete without the Lincoln Wheat penny key dates, rarities,andvarieties. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. Many coins removed from circulation have only touches of wear retaining a pleasing appearance. 1943 penny value reflects its unique status within the Wheat cent series. Therefore, you can sell the 1943 MS 68 Steel Lincoln penny for an impressive $4,690. Some vending machines rejected the steel wheat cents. S San Fran. Also, click here to Learn About Grading Coins. Where can I get this misprint evaluated? It was graded MS68 by PCGS. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. Small zip lock bags are a good temporary solution. Highest areas to judge for complete luster are Lincoln's temple, cheek, and jaw. Take care Richard S.A. Texas, I have five very fine uncirculated 1943 Philadelphia mint pennies never been circulated the brand new in a plastic case sealed I would like to sell one is anyone interested in buying them. The incorrect use of brushes or cloth can cause unwanted scratches or tears. The Melt Value shown below is how . The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. As always, there are also two inscriptions, the UNITED STATES OF AMERICA and E PLURIBUS UNUM. 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. It is worth significantly more than its face value in any condition. Production was large 8th highest in the wheat series, 1,093,838,670 totals; when combining all mints. Click here to Learn How to use Coin Price Charts. 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. Technical and aesthetics grading determines value to collectors. Although market prices have eased over the last few years, this renewed interest has kept values and prices pretty stable over time. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. Value: This penny is worth anywhere from 75 cents to as much as $900. An example of data being processed may be a unique identifier stored in a cookie. One of the most unusual American pennies was the silver-colored coin minted in 1943. Fine This penny was in circulation for a while but without much damage. Denver 1943 cents are in demand because of their uniqueness. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). 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. I would like to sell would anyone be interested?? Wear has removed enough design and metal from the two examples to grade lower than extremely fine on a technical basis. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. 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. Grade 2020 Value; MS67: $1,586: MS65: $600: MS65: $528 #2 - 1943 Steel Penny D - $6,000. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Absence of dark surfaces is a coin above average in preservation. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Very popular with collectors. A litany of tests and patterns followed for the emergency composition, including plastic and glass. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. The first of these was reported within a few years. Richard. Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core. As the Lincoln Wheat Cents were produced for 50 years, some mintages and variations are rarer than others, therefore, extremely valuable to collectors. - How much is a Silver Quarter worth? If your 1943 penny DOES stick to a magnet, it is made from steel and is worth 10 to 50 cents. I have a 1982 no mint penny that is blank on the back, how much is that worth? Value: It is valued from $1.55 to as much as $1,500. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. Well, lots of 1943 steel wheat pennies still survive and that means there are plenty to go around to satisfy the needs of coin collectors. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. For the best experience on our site, be sure to turn on Javascript in your browser. The best way to determine its value would be to submit it to a third-party grading service such as NGC or PCGS. Also important to collectors is condition of a coin. A quick glance at eBay shows where uncirculated BU rolls of 50 1943 steel pennies are only selling for $50 to $100 per roll. The most rare example is the 1943 D bronze wheat penny of which there is only one known to exist. Any value? Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. Second step, is an appraisal of condition. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. My best guess is that the last two digits of the date have been worn away over time. If you do have one, it would be worth tens of thousands of dollars. a UNC. The United States Mint eventually acquiesced to the concerns of the public. I have a 1943 wheat penny, with a number three on the back side between the wheat? 1943 steel cents capture interest of collectors. (Price Chart), How Much is an 1943 Silver Quarter Worth? 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. Investing in Collectible Coins. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. The reason for such a coin was simple. In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. The United States Mint started its production in January of the following year. The military industry was run out of copper necessary for making castings. A composition of steel, coated with zinc, resulting in their distinctive color, sets these coins apart. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. It was said to me it isnt worth a grunion in market value. In 1943, the US Mint switched from copper to steel to make pennies. This post may contain affiliate links. Circulation wear has removed only small portions of the outer zinc coating. Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. But first, lets discuss what those silver 1943 wheat pennies are made from. Go on line and type in 1943 P, D or S pennies value Uncirculated This coin wasnt in circulation and kept the entirely noticeable highest relief points and the glow on Lincolns cheek and jaw. A standard method is used to located how much its worth on the chart. Date | Mintmarks | Condition are described and imaged with each series. Grading condition is guided by standards. Today, 1943 copper wheat pennies are among the most valuable Lincoln pennies. Deterioration is a concern, rusting of the underlying steel is accelerated once the outer protective zinc is worn and removed. Therefore, it replaced copper in pennies with zinc-coated steel. Noticeable is the major elements remain separated and none are connected due to wear. A light sliver grey is their normal appearance when worn, standing out and easily spotted. Silver Price $331 Outside COMEX Trading Hours? 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. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. 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. Collectible Grade: Qualities of these unique 1943 pennies involve special considerations in condition less than Extremely Fine grade. Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. The Philadelphia mint produced 684,628,670 pennies in 1943. These are worth around $85,000 or more! 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. Small details necessary to accurately value are described. Darker tones of grey within the fields highlight lighter tones of the devices. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. Have A Silver Penny Thats Not A 1943 Steel Cent? Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! The 1940 Wheat penny is made from 95% copper and 5% zinc & tin. In a minute, Ill talk more about the 1943 copper penny and why its so rare. This paved the way for an emergency composition for the one-cent coin as well. As you have probably known, this metal oxidizes in contact with moisture, creating stains on the surface. Read more in our privacy policy. And in very good condition. Value:This penny's value ranges from about $20 to as high as $5,000 if in mint condition. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). Expert's Assistant: The Appraiser can help. Saving at the time contributes to the supply today. 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. Of course, the offer you receive from a particular coin dealer will vary depending on the actual grade of the coin and several otherfactors that determine its worth. Preservation in a dry location has resulted in a collectible grade 1943 steel penny. 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. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? The 1986-D quarter was struck to the tune of 504,298,660 pieces at the Denver Mint. But chances are any of the Lincoln Wheat cents you've found in pocket . Any suggestions where I can sell them, I am interested in them He officially announced the change in design that same year. It has lost initial shine, and nearly all relief has become flat. Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. The consent submitted will only be used for data processing originating from this website. The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. Thank you! As a result, the 1943 penny is very low on the rare coin scale. Freeing up tons of copper for the war effort, the now famous steel coated zinc combination was developed. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. I have a 1946 wheat penny with no mint mark in good condition what is it worth. Image: USA CoinBook. Reply. These are rare pennies to look for in . Value:In average condition, this coin is worth about $77,000 and as much as $110,000 if in certified mint state condition by a coin grading service. I have a 43 s copper looking penny on one side, steel on the other. Take a close look at their condition. Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. 1944 Wheat Penny Value: How Much is it Worth Today? You can see scratches and damage to the relief, but details are still noticeable and recognizable. for a Philly. And, sure, that makes sense. The obverse featured the Lincoln head design, still present in the one-cent coins minted today, but the reverse portrayed wheat stalks, hence the moniker. Yes! When a new law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. I have recently discovered a 1943 wheat penny that im courious about does look like the real thing not sure any suggestions. 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. Another scam involves the 1948 penny. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. Yes, a copper 1943 penny really is worth an average of $85,000. 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. 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. Join us today for FREE! I also have 1943 steel penny with no mint. Worn steel pennies with eye appeal are popular with beginning collectors and a fascination to younger collectors. Upper surfaces are clearly flattened and smoothed. Theodore Roosevelt was on a mission to redesign our nation's coinage. Looking for more? One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. But in high grades, a 1944 S Steel Penny once sold for $1,110,923, so your coin could be worth a million dollars! Placing an accurate value on your 1943 penny follows a step by step process. Check your inbox or spam folder to confirm your subscription. 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. Since most people were used to pennies made of copper, this piece was a real surprise at that time. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. Images used to locate mint marks finds its exact place on the chart. 1909, 1910, 1911, 1912,1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924, 1925, 1926, 1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. Another disadvantage was the similarity with Dimes. Below is how much the coin is at various numismatic levels: 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. A standard method is used to located how much its worth on the chart. There are also reprocessed steel Pennies, which are essentially 1943 steel Pennies that had become corroded (due to the rust-prone nature of their steel core) and later stripped of their original zinc coating, and recoated with a fresh layer of zinc. No areas of wear form connections to each other. versions. Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. As you can expect, they are precious and expensive. It depends on their condition, but if they are in good condition even if circulated you can probably get a few dollars for each one. 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. Interest remains high along with demand. Extremely Fine Grade: A light amount of wear visible to high areas places this coin in the Extremely Fine grade. Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. The 1943 D/D steel penny is an error coin minted that particular year. "D" Mintmark Under Date: Denver Mint Struck the Coin. For one, there were up to 3 different types of coins produced each year. Circulated coins usually range between 1 and 59 on the Sheldon scale, whereas uncirculated coins range from 60 to 70 and are often preceded by MS or Mint State. The first Lincoln pennies released came to be known as the Lincoln wheat penny, or Lincoln wheat cent, which featured two wheat stalks framing the writing on the reverse side. It just recently sold at Heritage Auctions on January 20th, 2021 for $840,000. How much is a 1943 Lincoln penny worth? CSSocialMedia says. Deep grey blue fields are smooth and not pitted. I have two 1944 penny's one with D mint one with no mint. Lincoln Wheat pennies are one of the most popular series of U.S. coins that coin collectors strive to build a complete set. 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. Does anyone think the mint will change the composition of the penny again? However, copper and nickel were also integral in making coins. Good afternoon! Hi Jules. Hi Judith. 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. - Silver Price $331 Outside COMEX Trading Hours? Noticeability absent are small spots due to humidity. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. In 1943, due to the United States' involvement in World War II, the United States Mint had to replace the use of copper for steel for the wheat cents. 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). and non V.D.B. As you tilt the coin under a light confirm no breaks in shine are evident. 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. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. Thank youy76hghy The first thing is not to wipe the coin. You should always check the zinc oxidation levels. However, it could also be the result of excessive wear to the reverse of the coin. The uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5.

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