How rare is a 1943 Lincoln Cent?

How rare is a 1943 Lincoln Cent?

This off-metal transitional error was accidentally struck when a few leftover 1942 copper planchets were fed through the presses at the Philadelphia, Denver, and San Francisco Mints. The 1943 copper cents are extremely rare and valuable. Only a couple dozen pieces were made, and each is worth about $100,000.

Is a 1943 Lincoln penny valuable?

The Rare 1943 Penny 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 much is a 1943 Lincoln copper penny worth?

While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000.

How can I tell if my 1943 steel penny is real?

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.

How many 1943 bronze pennies are there?

There are only about a dozen authentic 1943 bronze cents that have been documented. Here is how to determine if your coin is worth $1 or $100,000. Even a small magnet will easily stick to any 1943 penny made of steel.

Will a magnet stick to a 1943 steel penny?

Even a small magnet will easily stick to any 1943 penny made of steel. Before you read a dozen articles, go to five coin shops, and watch a bunch of youtube videos, just do the magnet test. It is as easy as this. If your 1943 penny sticks to a magnet then it is made of steel.

How many copper 1943 pennies have been found?

Today, a total of 27 1943 copper wheat pennies are confirmed to exist and have been graded–including six of the 1943-S, as well as the unique 1943-D.

How many 1943 wheat pennies have been found?

Approximately 40 1943 copper–alloy cents are known to remain in existence.

What is the value of a 1943 Steel Wheat Penny?

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 many 1943 copper pennies are not accounted for?

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.

How much is a 1943 Lincoln wheat penny worth?

Zinc-coated steel was used as the substitute metal composition and hence the new silver-like coin is known as the wartime steel cent or steel penny. USA Coin Book Estimated Value of 1943 Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.20 in Average Condition and can be Worth $2.60 to $8.47 or more in Uncirculated (MS+) Mint Condition.

What’s the value of a 1943 one cent?

Value, images, and specifications for the 1943 US one cent (penny). Found the information on our site useful? Let people know we’re here by linking us on your posts, listings, and websites.

Why was the 1943 Lincoln cent made out of steel?

When a law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. In this instance, the United States Congress passed a law that specified pennies produced in 1943 are made out of steel instead of bronze. How did this Error Coin Happen?

What kind of coin was issued in 1943?

Wheat Ears. Issued in 1943. Coin has only one variety: 1943. A Very Fine coin grade indicates that the rims are clear and much of the wording is clear. There is moderate wear to the coin and the finer details are beginning to appear.

Is 1943 penny worth anything?

The Rare 1943 Penny. 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.

Are Lincoln pennies worth anything?

As far as business-strike Lincoln Memorial pennies, the kind struck for circulation (and lacking errors), the short answer essentially is no – Lincoln Memorial pennies generally are not valuable. In fact, typical pieces are worth only face value if worn, and only a tiny premium if in average uncirculated condition, except for a few cases.

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.