how much is a 1943 wheat penny worth how much is a 1943 wheat penny worth

Teletrade Coin Auctions, www.teletrade.com. But if I an 10 others were to put a grade on it from 1-10. Until recently, mint marks were punched by hand, and thus the position tended to vary slightly. Typically sold in sets of three to include Philadelphia, Denver, and San Francisco issues. Otherwise, non-error steel cents are not in themselves rare. Yet the coin has a vital connection to an international historical event. Do you know where the penny is from? If the coins show any signs of wear, they are probably worth around $1. The second penny is worn to the point design elements are beginning to connect. Josh @ CoinValues. But it is advisable to use proper coin cleaners. Even though this penny is different, it is not particularly rare. These materials, including copper and nickel, were used for producing ammunition and artillery. The 1943 copper penny is extremely rare and valuable. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted. November 17, 2021 at 8:54 am. The uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5. In a minute, Ill talk more about the 1943 copper penny and why its so rare. The first thing is not to wipe the coin. Historic value is high. 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. The Truth About 1943 Steel and Bronze Copper Wheat Penny Values A bold D is embossed on the reverse, and the other D is less visible and positioned closer to the coins left edge. | How much is a Wheat Penny worth? (Price Chart), How Much is a 1930 Wheat Penny Worth? A quick glance at eBay shows where uncirculated BU rolls of 50 1943 steel pennies are only selling for $50 to $100 per roll. Deterioration is a concern, rusting of the underlying steel is accelerated once the outer protective zinc is worn and removed. While not all wheat pennies will fetch a high price tag, all wheat pennies are worth more than their face value and are thus a sought-after coin for collectors. Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. 1943 D Lincoln Wheat Cent : Bronze/Copper - USA Coin Book USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $451,026 in Average Condition and can be Worth $907,557 to $2,305,706 or more in Uncirculated (MS+) Mint Condition. Other 1943 copper pennies routinely sell for $100,000 to $200,000. 1943 Steel Wheat Penny Worth a Million Dollars - Craftbuds 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. 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. This applies within and even beyond the numismatic realm. Go on line and type in 1943 P, D or S pennies value And this is a good thing I love telling people the story behind 1943 pennies and what theyre worth! This example was well preserved over time. The Wheat Penny debuted in 1909 and production ceased in 1958, during President Eisenhowers term in office. They have a better value than the 1943 steel pennies without mint marks. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service. Although it is not particularly rare, the 1943 steel penny is fascinating. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. . Here are five that are valuable due to these kinds of errors in the manufacturing process. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. A better than average 1943 cent stands out over lesser condition coins. Can you give me an advised or guide me in the right dirrection to find out more about my coin collection. From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. The reason is that the 1943 copper penny is an error coin. 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. I have 1943 double die copper pennies and 1943 copper penine that is in good shape no magnet sticks I have got them I want to sell. 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. 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. Each combination is valued and listed on the chart. Since only about 40 exist on the market, they are tremendously valuable. Wear has removed enough design and metal from the two examples to grade lower than extremely fine on a technical basis. A former US President Abraham Lincoln profile is on the obverse, with the inscription IN GOD WE TRUST located on the upper edge. Now, while this may sound like a big number and it is the 1986-D quarters can command a small premium in lightly worn condition. I have a 1943 S mint mark copper penny. For the best experience on our site, be sure to turn on Javascript in your browser. 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. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. Pricing the 1943 Lincoln Penny. Curls of hair are flattened but major waves remain separated. | Melt Value? Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. These coins are on a rarity scale of Abundant. Also, click here to Learn About Grading Coins. CSSocialMedia says. San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. How much would you be willing to sell one for? Thus, 1944 steel cents are exceptionally scarce and command very high values. all circulated and in good plus condition. The dies were prepared in the Philadelphia Mint and distributed to the other branches in June of 1909. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. 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. Unfortunately, this change in the material wasnt an excellent idea. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. High areas to check are Lincoln's beard and hair. These coins are frequently counterfeit or altered from common wheat pennies. 1943 Lincoln (Wheat) Penny Value | JM Bullion this coin is most sought after by collectors and is most valuable in any grade. In Extremely Fine condition, it is worth about $0.04 and could sell for $0.89 in uncirculated condition. What needs to be remembered, though, is that 1943 steel Pennies are not rare in fact, they are quite common, with more than 1 billion produced across all three mints operating in 1943: Philadelphia, Denver (D), and San Francisco (S). The Melt Value shown below is how . Anyway have a great day everyone out there. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. As always, there are also two inscriptions, the UNITED STATES OF AMERICA and E PLURIBUS UNUM. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). Identify your coins using the image links. What Is the Value of a 1943 Copper Penny? - Gainesville Coins note: This article is periodically updated to reflect the current value of 1943 steel cents. Values of these steel pennies is greatly reduced by the problems rust creates. The consent submitted will only be used for data processing originating from this website. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The 1943 Lincoln penny has the same look as other pennies in the series. It is the 5th highest number of all the pennies made in this mint. 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. I definitely recommend getting it authenticated! Click here to Learn How to use Coin Price Charts. There are many valuable, rare pennies out there. If they are in truly pristine condition, however, they could be worth up to $10 for the D mintmarks and up to $25 for the S mintmarks. They look very convincing, although you can check the coin for authenticity with a magnet. All metals were a precious commodity during World War II and copper was particularly important as it was needed for munitions and shell casings. 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! Hey Daniel. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. Value: This Lincoln penny is worth around $1.50 and up to $1,800 if in mint condition. Their steel counterparts are much more common. 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. The officialU.S. Mintname for the coin is the cent, and the official U.S. Treasury name for it is one-cent piece.. Very few of these pennies were minted and released into circulation. These are numismatically worthless since they are altered coins. Click here to Learn How to use Coin Price Charts. The S-marked penny comes from the San Francisco mint. I have a 1943 wheat penny, with a number three on the back side between the wheat? Double die minting errors result from two impressions being made that are slightly offset from one another. Expert's Assistant: Is there anything else the Appraiser should know before I connect you? Hope that helps! 1943 Steel Penny Value: How Much They Are Worth Now - Gainesville Coins 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! 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. The scammer attempts to file down the 8 in the date to look like a 3. I also have a very beautiful 1943 wheat penny without the mint mark. I have two 1944 penny's one with D mint one with no mint. Normal humidity in the air presented a challenge to preserve a 1943 cent. Originality is the key to value. Philadelphia's high mintage of 1943 pennies, (684,628,670) is the 5th highest of any year wheat cent. How Much is a 1961 Franklin Half Dollar Value Worth? 1943 Steel Wheat penny DDR value chart. Manage Settings As you can see in this article, 1943 steel Wheat Pennies are not worth much more than face value. But chances are any of the Lincoln Wheat cents you've found in pocket . FAQs About the 1944 Steel Penny How Much is a 1943 or 1944 Penny Worth? This minting error has resulted in a coin that is worth around $100,000 and is currently the most expensive Penny in the realm of coin collecting. Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. His temple, cheek, and jaw are smooth and flat on the highest ridges. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. As a result, the 1943 penny is very low on the rare coin scale. An higher quality MS62BN sold in 2021 for $372,000, while the finest known MS63RD was sold privately for over one million dollars to an anonymous collector in 2018. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! The United States Mint accidentally used the wrong planchet metal when striking the coin. In their fine class, it will earn you 0.50 USD; in their excellent state, the coin sells for 0.68 USD. This paved the way for an emergency composition for the one-cent coin as well. Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. One without a mintmark is worth between $0.15 and $1. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. Below is a list of the top 15 most valuable wheat pennies ever sold at auctions, according to PCGS: 1943-D Bronze Wheat Penny MS64BN - Sold for $840,000 in January of 2021; 1943-S Bronze Wheat Penny MS63BN - Sold for $504,000 in November of 2020; 1944-S Steel Wheat Penny MS66 - Sold for $408,000 in August of 2021; 1943 Bronze Wheat Penny MS62BN - Sold for $372,000 in February of 2021; 1958 Doubled Die Obverse Wheat Penny MS64RD - Sold for $336,000 in March of 2018; 1909 VDB VDB Proof Wheat Penny PR67+ - Sold for $258,500 in August of 2014; 1943 Lincoln Cent (Wheat Reverse) AU58 - Sold for $218,500 in January of 2010; 1944 Steel Wheat Penny MS64 - Sold for $180,000 in June of 2021; 1909-S VDB Wheat Penny MS67RD - Sold for $168,000 in April of 2022; 1914-D Lincoln Cent (Wheat Reverse) MS66+RD - Sold for $158,625 in May 2018; 1926-S Lincoln Cent (Wheat Reverse) MS65 - Sold for $149,500 in January of 2006; 1943/2-S Lincoln Cent (Wheat Reverse) AU58 - Sold for $138,000 in March 2004; 1914 Lincoln Cent (Wheat Reverse) Proof PR68 - Sold for $126,500 in April of 2008; 1917 Doubled Die Obverse Wheat Penny MS67+RD - Sold for $120,000 in March of 2019; 1944-D Steel Wheat Penny MS63 - Sold for $115,000 in August of 2007. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. 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. 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. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark. So it's possible that your coin is a mint error. And in very good condition. It sounds like a misalignment error (a misaligned die strike). We and our partners use cookies to Store and/or access information on a device. Value: This penny is worth anywhere from 75 cents to as much as $900. Believe it or not, some are worth much more than that! Rest . In 1943, 217,660,000 pennies came out from the Denver mint. The first of these was reported within a few years. Found in a wide range of conditions, desirable examples are absent of both rust from the steel core and discoloration of the zinc. However, Saint-Gaudens fell gravely ill and passed away before finalizing the design for the penny. Coins are worth at least their face value. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. The 1909-S VDB. Due to their high value for coin collectors, there are lots of fakes around. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. Wheat pennies refer specifically to Lincoln Cents produced from 1909 to 1958. A litany of tests and patterns followed for the emergency composition, including plastic and glass. I ALSO HAVE 1943 STEEL PENNY, ITS OBVIOUSLY MISSING THE 4 IN THE DATE! Richard. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. The reason for such a coin was simple. The 1943 steel penny with no mintmark is usually worth between $3 and $10. All rights reserved. How do I know if my Wheat penny is worth money? (2023) 1944 Lincoln Wheat Penny Value Guide - Gainesville Coins Extremely Fine Grade: A light amount of wear visible to high areas places this coin in the Extremely Fine grade. a UNC. Hi Jules. How can I find more info on this coin? Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Absence of dark surfaces is a coin above average in preservation. Investing in Collectible Coins. The 1943 D/D steel penny is an error coin minted that particular year. Just as the Jefferson Nickel five-cent coin saw the removal of nickel from its composition in 1942 to preserve the metal for artillery production, so, too, did Lincoln Wheat Penny coins in 1943. 1944 US Mint Annual Report I also have 1943 steel penny with no mint. The military industry was run out of copper necessary for making castings. Also, click here to Learn About Grading Coins. That is when I noticed the Memorial was not parallel to the obverse (about 15 degrees off kilter). If youve gotten to this point in the article, youre probably still curious what a 1943 steel wheat penny is worth. Representing the only year of this composition, interest remains high. There were problems with the coins rusting quickly. A natural blue-grey color is displayed by the fields of the coin, highlighting the legends and devices. Im the Coin Editor here at TheFunTimesGuide. 1943 Steel Penny Values Chart 2023 (Up to $348,000) A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. Fine This penny was in circulation for a while but without much damage. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. One version had the engraver's initials, Victor David Brenners (V.D.B. Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. Value:The value of this coin ranges from $50 up to $240 for uncirculated coins. And, sure, that makes sense. Handling and circulating through commerce easily start the process of metal removal. You're right, the grading fees will likely cost more than the coins are worth. The penny on the left is worn throughout the hair, face, and coat of Lincoln. 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. Good afternoon! I have a 43 s copper looking penny on one side, steel on the other. 1943 Lincoln Wheat cent, steel composition. A very common fraud involving the copper 1943 cent is to grind away part of the 8 in the date of a 1948 penny. But first, lets discuss what those silver 1943 wheat pennies are made from. You should always check the zinc oxidation levels. A composition of steel, coated with zinc, resulting in their distinctive color, sets these coins apart. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. Luster and its texture remain intact to reach the uncirculated grade. The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. My love for coins began when I was 11 years old. Litvak-American sculptor Victor David Brenner inherited the task. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. I have 1943 steel wheat pennies among many others,have no access to internet much,am wondering if theyre worth more than face value? Value: It ranges in value from about $8 to $800. In other words, this is actually an extremely rare error coin. key dates, low mintage, minting errors), and what are the wheat pennies to look for in your pocket change? Ed. Upper surfaces are clearly flattened and smoothed. The 1943 steel cent was produced during the height of World War II. I found recently a 1984 penny with some raised ridges on the obverse. The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Read more in our privacy policy. Some of the error strikes in these old coins can only be identified with a magnifying glass, but some are quite visible. Second step, is an appraisal of condition. And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. Most steel pennies are worth between 20 cents and 20 dollars. | Melt Value? I have one of these coinsif someone could email me and tell me what I have? Collector preference are coins without rust. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. Join us today for FREE! There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. 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. Evidence of both rust and oxidation are visible on the example coins. Here are some of the most valuable wheat pennies updated as of July 2022. Date | Mintmarks | Condition are described and imaged with each series. Uncirculated This coin wasnt in circulation and kept the entirely noticeable highest relief points and the glow on Lincolns cheek and jaw. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'losttreasurehq_com-leader-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-1-0');The 1943 wheat back penny is very unique as it was the only year that Lincoln head cents where supposed to be made of zinc, however some rare zinc coated steel coins exist with a 1944 mint date. To the untrained eye, you could be tricked into thinking you have a rare 1943 copper wheat penny. A shortage of copper combined with a need to provide coinage to commerce forced the mint to use an alternative alloy. . I have 8 rolls of steel pennies Lots Of Rare Pennies And How Much Theyre Worth Today (Most Are Worth $500+). Therefore, it replaced copper in pennies with zinc-coated steel. Buypriceis what you can expect to pay to a dealer when you purchase the coin, andsellvalueis what you can presume a coin dealer to pay you when you sell the coin. 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. Over 684 million of these zinc coated steel coins were produced. There is mint identification mRk. A record price of $21,275 was fetched at auction for a MS67 D/D. Surfaces of the coins lack the sparkle of luster only possible by the striking of a coin with dies. You will have no difficulties recognizing them because there is a noticeable gap between these two marks. It's quite literally the million-dollar question! Each of the above are worn 1943 steel cents displaying wear to the surface. If it does, your penny is worth about 15 cents as a novelty item. Very popular with collectors. You can sell wheat pennies to local or online coin dealers, in auction houses, online websites such as eBay, coin shows, or pawn shops. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. As you can expect, they are precious and expensive. A record price of $21,275 was fetched at auction for a MS67 D/D. For one, there were up to 3 different types of coins produced each year. Stephen Roche and Roger Felix If you buy thru these links, we may earn a commission at no additional cost to you. Hello, I am trying to figure out where do I share the photo, of my 1944 Penny minted in Philly andif it has any value? How Much Is A 1986 Quarter Worth? Find The Value Of Your 1986 Quarters Thus, alternative metals were considered for minting coins. A distinct merging of Lincoln's hair and forehead is visible. 1943 penny value reflects its unique status within the Wheat cent series. How Much is a 1942 Wheat Penny Worth? (Price Chart) - Something Borrowed Images used to locate mint marks finds its exact place on the chart. Hi Mr: Joshua McMorrow Herdandez Discover how much your box of old coins is worth. Grading condition is guided by standards. Collectible Grade: Qualities of these unique 1943 pennies involve special considerations in condition less than Extremely Fine grade. As the Lincoln Wheat Cents were produced for 50 years, some mintages and variations are rarer than others, therefore, extremely valuable to collectors. A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. WHAT IS A 1943 STEEL PENNY WORTH - YouTube With this coin, the S was originally punched horizontally and was re-punched vertically. Identify date, mint and condition; a wide range of values is found and identified.