How do I know if my 1944 penny is steel?

How do I know if my 1944 penny is steel?

It’s really easy to tell if you have a 1944 steel penny or 1944 copper cent:

  1. If your 1944 penny sticks to a magnet, it’s a steel cent and is rare.
  2. If your 1944 penny does NOT stick to a magnet, it’s made from copper and is common.

What is a 1943 D Steel wheat penny worth?

CoinTrackers.com has estimated the 1943 D Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $12.

Are 1944 steel pennies rare?

While the U.S. Mint struck more than a billion steel pennies in 1943, about 35 examples of the zinc-coated steel cent are known to have been inadvertently struck bearing the date 1944 — making it one of the rarest Lincoln pennies ever made!

What is my 1944 D wheat penny worth?

CoinTrackers.com has estimated the 1944 D Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $6.

Why is the 1944 wheat penny with no mint mark so valuable?

Minting Quality Unlike the bronze pennies of 1909 to 1942 that were made with 95% copper and 5% tin and zinc mix, the brass pennies of 1944 has no trace of tin because they were made from striking recycled ammunition shells. Majority of these pennies have no mint marks meaning they came from Philadelphia.

How much is a 1944 Lincoln penny worth?

USA Coin Book Estimated Value of 1944 Lincoln Wheat Penny (Steel Cent Variety) is Worth $26,163 in Average Condition and can be Worth $52,965 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts.

Why was there no mint mark wheat penny in 1944?

Additional Info: There were just a few of the 1944 Steel Pennies ever minted and all would have been released by error into the coin supply. Coin analyst are suggesting that steel plates may have been tested or left mixed amongst the other copper metals and thus the error.

How much is a 1943 D steel penny worth?

The 1943 D steel penny is worth around $0.35 in fine condition. In very fine condition the value is around $0.40. In extremely fine condition the value is around $0.50. In uncirculated condition the price is around $10 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,500.

Why was there no copper in 1944 one cent coins?

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. For several reasons, this metallic composition was not planned for 1944 cents.

What is the value of a 1944 Steel Penny?

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.

What is a certified 1944 steel wheat penny value?

While the wheat back is inexpensive, the 1944 steel penny costs a fortune. Around 30 steel pennies from 1944 exist with each piece amounting from $75,000 to more than $375,000 depending on its grade. There are a total of about two billion Lincoln cents produced in 1944.

How rare is a 1943 Lincoln Steel Penny?

Despite the widely held misnomer by many non-collectors that 1943 Lincoln Steel cents are rare and valuable, these coins were struck in huge numbers and are relatively inexpensive in all but the highest uncirculated grades. All told, the United States Mint struck nearly 1.1 billion zinc-coated steel cents in 1943.

What’s so special about 1943 copper penny?

According to the American Numismatic Association, the 1943 copper-alloy cent is one of the most idealized and potentially one of the most sought-after items in American numismatics. Nearly all circulating pennies at that time were struck in zinc-coated steel because copper and nickel were needed for the Allied war effort.

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