how much is a 1943 wheat penny worth

Value: This Lincoln penny value varies from 75 cents up to $1,000. A former US President Abraham Lincoln profile is on the obverse, with the inscription IN GOD WE TRUST located on the upper edge. The 1986-D quarter was struck to the tune of 504,298,660 pieces at the Denver Mint. 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. Hi Jules. On average, you can earn $0.19 from pawnbrokers for your Lincoln penny. And this is a good thing I love telling people the story behind 1943 pennies and what theyre worth! Perhaps one of the most notable and unique errors happened when a 1943 penny was struck over a Cuban 1 centavo. 1944 Lincoln Wheat cent. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Another XF40 graded errored coin was created when a Curacao 25 cent planchet was mistakenly used and this sold for $7,637.50. Most are entirely inexpensive, but you can find the high-graded piece for $3,250 in the coin market. PS: never send in your coins by mail or leave them there to be looked at. 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. While there is no known mintage figure for the 1943-D/D Lincoln cent, its estimated that perhaps 3,000 to 5,000 examples may exist across all grades. With this coin, the S was originally punched horizontally and was re-punched vertically. The VDB pennies minted in the San Francisco Mint are the rarest. Most 1943 Lincoln pennies in worn grades (average condition) trade for around 10 cents to 25 cents apiece. How much would you be willing to sell one for? and non V.D.B. 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. This may come as something of a surprise to the many who believe these coins are quite valuable. one in real good condition might be worth $1-$7 The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. The 2 I have no mint brown in color and weighs 2.7 grams. Identify date, mint and condition; a wide range of values is found and identified. While 1943 steel Pennies are about as common as any other 1940s Lincoln cent, there is one variety from 1943 that stands out for its rarity: the 1943 bronze Lincoln Wheat Penny. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. Luster and its texture remain intact to reach the uncirculated grade. A better than average 1943 cent stands out over lesser condition coins. 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. Another California Bank Fails Over The Weekend. The consent submitted will only be used for data processing originating from this website. ), A 1999 Penny Worth $300? Tod Lock says. Listen to this post about the 1943 steel penny or keep reading below: The steel penny may seem like a random anomaly to some. Since your wheat penny has a silver color, it's almost certainly a 1943 steel cent. Please see this forum post for more information: https://coinvalues.com/forum/1944-wheat-penny#reply-6. These are approximate retail prices and wholesale values. Are you concerned the precious metals train has left the station without you. If one side has a different tone than the other it is most likely due to exposure to something or deliberate alteration. 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. Ironically, the transition back to the normal bronze composition in 1944 reversed this situation! In fact,1943 copper wheat pennies are usually worth $100,000 or more! Investing in Collectible Coins. 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. Therefore, before celebrating your early retirement with your newfound fortune, have the coin authenticated by areputable coin dealeror third-party grading service. Found in a wide range of conditions, desirable examples are absent of both rust from the steel core and discoloration of the zinc. Image: USA CoinBook. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference. It's because the Denver mint made them in lesser numbers. Lightly circulated cents were cleaned and recoated to a brilliant shine by private firms. I have a 1943 wheat penny, with a number three on the back side between the wheat? 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). Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. Even though this penny is different, it is not particularly rare. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 . Good The coin with this rating was in circulation for a long time and has shown severe damage signs. 1944 Lincoln Wheat Penny Value Guide. Each combination is valued and listed on the chart. The silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. 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. Here are some of the most valuable wheat pennies updated as of July 2022. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. Grade 2020 Value; MS67: $1,586: MS65: $600: MS65: $528 #2 - 1943 Steel Penny D - $6,000. It did however present a few problems. Be on the lookout for the ultra-rare 1909-S VDB. Typical examples in uncirculated condition usually realize $1 to $5. 1943 pennies are indeed steel. For example, one 1943-D copper penny commanded a whopping $1.7 million when it sold at an auction in 2010. These steel cents or steel Pennies as they are commonly called, were quite unpopular when they first were released. 1943 Lincoln Wheat cent, steel composition. 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. The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. I definitely recommend getting it authenticated! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Contact: contact@somethingborrowedpdx.com. No larges nicks distract the eye and rust is not present. "D" Mintmark Under Date: Denver Mint Struck the Coin. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For. S San Fran. Fine This penny was in circulation for a while but without much damage. Richard. Just wondering if u have any info about it. (Price Chart), How Much is a 1930 Wheat Penny Worth? Although a wheat penny's face value is one cent, as a good rule of thumb, all wheat pennies, including common dates, are worth more than their face value. Denver 1943 cents are in demand because of their uniqueness. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. The 1943 penny is worth $1 000 000 because it is not made of steel. But first, lets discuss what those silver 1943 wheat pennies are made from. Although a wheat penny's face value is one cent, as a good rule of thumb, all wheat pennies, including common dates, are worth more than their face value. For some reason, the Denver Mint produced around 500,000 pennies without the D mint mark this mintage year. In 1943, three mints produced this penny: These three mints struck over 1,000,000,000 Lincoln steel pennies in 1943. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The value of a coin varies according to many factors: metal content, purity, rarity, etc. Click here to Learn How to use Coin Price Charts. Ultimate Guide To 1999 Penny Values (Including The 1999 Penny Error/1999 Wide AM Penny). This was accomplished by using copper shell casings gathered from military training facilities. How much is a 1943 Lincoln penny worth? Over 684 million of these zinc coated steel coins were produced. Absent is any rust. 1943 steel cents capture interest of collectors. Upper surfaces are clearly flattened and smoothed. For higher value coins, Grading Lincoln Wheat Pennies expands on the grading process with video, descriptions, and images. Their values are based on the latest deals and market updates. JavaScript seems to be disabled in your browser. Wheat pennies refer specifically to Lincoln Cents produced from 1909 to 1958. However, copper and nickel were also integral in making coins. A shortage of copper combined with a need to provide coinage to commerce forced the mint to use an alternative alloy. 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. Placing an accurate value on your 1943 penny follows a step by step process. Place higher grade coins in individual holders. The United States Mint first minted the Lincoln Wheat penny, or "Wheatie" as they are sometimes called, in 1909. After a while, the coins quickly lost a zinc surface layer and were prone to rust. Thank you in advance any help would be greatly appreciated ?? When that part of the design was rejected, he added his three initials, V.D.B., to the coin's reverse at the bottom between the stalks of the wheat ears. They have a better value than the 1943 steel pennies without mint marks. There are no rust signs on this penny, but you can often notice places where zinc coating is incompact. This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. However, some leftover steel blanks ended up in the pressing machines, and these 1944 steel cents ended up in circulation. Believe it or not, some are worth much more than that! If so, depending on whether it is a 1943 or 1944, you can continue verifying its authenticity. 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. - 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.. A lightly circulated 1986-D quarter can sell for as much as 50 cents, while uncirculated 1986-D quarters are usually worth . Values of these steel pennies is greatly reduced by the problems rust creates. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. Maybe youll find one in your pocket change if you look hard enough and youre lucky. Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. Some well-preserved uncirculated 1943 steel pennies with pristine surfaces are worth more than $100. The value of your wartime steel cent is determined by its condition and usually depends on whether it has been circulated or uncirculated. You can see two stalks of wheat along the reverse rims, with the face value of the ONE CENT in the middle. Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. These coins are on a rarity scale of Abundant. 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 S-marked penny comes from the San Francisco mint. Lincoln Wheat Penny Key Dates, Rarities and Varieties, Kennedy Half Dollar Values and Prices (1964-2015), Buffalo (Indian Head) Nickel Values and Prices, How to Value and Price a Roosevelt Clad Dime, 50 State Quarters, D.C., and U.S. Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. All Wheat Pennies are worth at least three times face value, but of course many are worth substantially more especially the key date Wheat pennies. ones These are the ones no one has handled with their bare hands. Value: The value ranges from $1.25 to about $900. Also, click here to Learn About Grading Coins. Representing the only year of this composition, interest remains high. 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. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. Value: These valuable pennies are worth anywhere from $30 to as much as $1,200. Due to their high value for coin collectors, there are lots of fakes around. Ed. Looking for more? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'losttreasurehq_com-leader-2','ezslot_11',111,'0','0'])};__ez_fad_position('div-gpt-ad-losttreasurehq_com-leader-2-0');A strange minting anomaly also occurred in 1943 which saw the production of a handful of copper/bronze wheat pennies across all three mints. You can recognize only Lincolns profile, while almost all the details have merged. Although the US Mint decided to replace copper with steel in the penny production, the machines mixed copper leftovers with steel plates. The magnet test verifies rather or not a 1943 cent is made from steel or copper, not rather or not it is authentic. Value: It ranges in value from about $8 to $800. Originally, Brenner's signature appeared on the obverse of the coin. Curls of hair are flattened but major waves remain separated. No mintmark means the coin was minted in Philadelphia. (Right now, the government loses money on every penny it issues. How Much Is My Modern Jefferson Nickel Worth? The United States Mint eventually acquiesced to the concerns of the public. There area few 1943 rare wheat pennies, but most1943 wheat pennies are not rare. A standard method is used to located how much its worth on the chart. You can quickly distinguish them by the marks on the coin reverse. Advanced collections choose from the many available in "like new" condition. how do you tell if it is the right 1943 penny stated in one article if the penny sticks to the magnetic it is fake and another place states that if it does not stick it is a fake which of these statements are actually the right one. Best wishes, Value: This coin ranges in value from about 35 cents to $3,000 if in mint condition. Not unlike key dates from silver dimes, quarters, half dollars and dollar coins who are worth much more than what is called "junk silver". The United States Mint struck over 600,000,000 of the Lincoln Wheat Penny in 1943, which is a fairly large mintage. 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. 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. Click here to Learn How to use Coin Price Charts. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. 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. If it does, your penny is worth about 15 cents as a novelty item. 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. The most cost-effective replacement metal for the Lincoln penny was determined to be a 99% steel planchet with a thin layer of zinc plating. Here's How to Test Your Silver & Gold, Buffalo Nickel (19131938): Values & History, Mercury Dime (19161945): Values & History, Washington Quarters: Key Dates & Varieties. This penny is also worth much more than face value. The value of a lightly circulated 1943 steel penny ranges from 20 cents to 50 cents. Value:In average condition, many collectors would be willing to pay about $60,000 and as much as $85,000 in mint condition. The best bullion deals straight to your inbox. A lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer. Guarenteed. When I first got into coin collecting back in the early 1990s, I thought like so many people who ask me about their coins here at The Fun Times Guide that my silvery 1943 pennies were actually made from silver. Since the US Mint was making pennies of this metal, it decided to contribute. Most 1943 steel Lincoln pennies arent worth much above their face value (one cent). Precautions help preserve the future condition of the coin. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. Im not an expert anbit is not graded professionally. Collector preference are coins without rust. No proof Lincoln cents were made in 1943, nor would any proof coins be struck again by the United States Mint until 1950. Thus, 1944 steel cents are exceptionally scarce and command very high values. The 1909-S VDB. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! You can see them on Lincolns portrait relief, particularly on high spots like hair curls. Many coins removed from circulation have only touches of wear retaining a pleasing appearance. Typically sold in sets of three to include Philadelphia, Denver, and San Francisco issues. 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. The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Others blasted the coins for their tendency to quickly rust once the outer zinc coating wore off the coin, exposing the steel core. 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. I also have 1943 steel penny with no mint. Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? This set is commonly sold in mass-market offerings. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Value:This penny's value ranges from about $20 to as high as $5,000 if in mint condition. As previously mentioned, the debut year had V.D.B. In any condition, the following Lincoln wheat cents are worth considerably more than common wheat pennies. 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. There are only around 30 samples known. I'm new to this and wanted to know if there is no mint letter how would I determine the value of the coin? The 1943 steel penny with no mintmark is usually worth between $3 and $10. - Silver Price $331 Outside COMEX Trading Hours? It is now part of The Dazzling Red Collection of Lincoln Wheat Cents owned by this unnamed collector. So we are talking about mint state steel wheat back cents only being worth $1 to $2 each. Originality is the key to value. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures to coin collectors. And, sure, that makes sense. In low grades, a 1943 or 1944 penny is only worth its face value. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. How Much is a 1943 Dime Worth? Confusing which is which between the two years could cost you dearly in your coin collection.

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