The dies were prepared in the Philadelphia Mint and distributed to the other branches in June of 1909. Looking for more? I have recently discovered a 1943 wheat penny that im courious about does look like the real thing not sure any suggestions. Since most of these coins were in circulation, today is difficult to find a specimen in excellent condition. I definitely recommend getting it authenticated! Eye appeal is an important consideration by collectors when choosing a coin to add to their collection. Technical and aesthetics grading determines value to collectors. Immediately the mint recognized the metal was harsh on coining dies, reducing die life. I have two fine pennies 1943 D steel wheat penny and 1944 Philly wheat penny. 1922 Silver Dollar Value: How Much Is It Worth Today? Collectible Grade: Qualities of these unique 1943 pennies involve special considerations in condition less than Extremely Fine grade. The magnet test verifies rather or not a 1943 cent is made from steel or copper, not rather or not it is authentic. 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. Interest remains high along with demand. USA Coin Book estimated value of 1943-D Lincoln Wheat Penny (Bronze/Copper Variety) is worth $408,418 in average condition and can be worth $821,820 to $2,087,886 or more in uncirculated (MS+) mint condition. S San Fran. 1943 Silver Wheat Penny Value - U.S. Coins Guide Other factors like the mint year, condition, and rarity greatly influence the value of a collectible coin. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. Hey Glenn. What does this mean. It is the only use in US coinage of this alloy. No areas of wear form connections to each other. 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. Originality is the key to value. Value: This Lincoln penny value varies from 75 cents up to $1,000. ROGER, DID YOU EVER GET AN ANSWER? Real People. I also have 1943 steel penny with no mint. Intermediate and advanced coin collectors will learn how to grade Lincoln wheat pennies using the Sheldon scale of 1 to 70. In low grades, a 1943 or 1944 penny is only worth its face value. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. The reason for the change from Bronze to Zinc was to do with the US war effort that year. a #8 might get you #1 maybe ? How Much Is A 1986 Quarter Worth? Find The Value Of Your 1986 Quarters What Is a Wheat Penny and How Much Are They Worth? They have a better value than the 1943 steel pennies without mint marks. Identity of Date and Mint Mark begins the process. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. You can call around and ask for a coin grading place. There are a number of varieties of the 1982 penny because the mint was transitioning from a bronze composition to a zinc composition for the coin. These coins are frequently counterfeit or altered from common wheat pennies. While Copper Pennies, for instance, weigh 3,11 grams. They are worth about .10 ea. Although pennies have been around since the late 1700s, the penny did not take its now-familiar form until 1909, when its design began featuring President Abraham Lincoln to celebrate the centennial of his birth, replacing the Indian head pennies in production at the time. Thus, 1944 steel cents are exceptionally scarce and command very high values. These so-called shell case cents, struck through 1946, consist of 95% copper and 5% zinc. Copper was essential for making ammunitions so the government decided to divert copper from making pennies to manufacturing shell casings. That might bring you $2 -$4 on EBAY maybe, but you need to show what they look like as well. 1943 Steel Pennies: How Much They Are Worth Now - CoinWeek I found recently a 1984 penny with some raised ridges on the obverse. Hi Michael I have several the UNC. So, their absence proves that the coin is intact. In 1943, the US Mint switched from copper to steel to make pennies. The 1943 copper penny is extremely rare and valuable. (Price Chart), How Much is a 1943 Walking Liberty Half Dollar Worth? In 1943, three mints produced this penny: These three mints struck over 1,000,000,000 Lincoln steel pennies in 1943. 1943 Steel (Silver) Penny: Background and Value - The Spruce Crafts Values of these steel pennies is greatly reduced by the problems rust creates. First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. This was accomplished by using copper shell casings gathered from military training facilities. Check your inbox or spam folder to confirm your subscription. 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. | Melt Value? Michael is passionate about personal finance, side hustles, and all things geeky. There are only 7 known 1944-D steel pennies in existence. Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. Copper was completely eliminated from the denominations composition, in favor of a one-year-only type featuring a zinc-plated steel composition. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. Typically sold in sets of three to include Philadelphia, Denver, and San Francisco issues. Above Lincolns shoulder is the word LIBERTY, while in front of the profile are the year of minting and the mint mark. These coins are struck from a zinc coated steel alloy. Harrison, The change lasted only a year, and in 1944, the bronze alloy returned to the Lincoln wheat cents again. 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. How much is a 1943 Lincoln penny worth? 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 silver colored Lincoln wheat cent minted in Philadelphia with no mint mark is the most common 1943 penny. 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. Reply. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. Another scam involves the 1948 penny. 1943 Steel Penny Values Chart 2023 (Up to $348,000) In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. One is a strong Fine grade and the slightly lower condition example is a pleasing collectible 1943 penny. 1944 Lincoln Wheat Penny Value Guide. The Truth About 1943 Steel and Bronze Copper Wheat Penny Values Steel alloy is the underlying composition of the coin and reacts to moisture forming rust. Collectors are interested in a few main factors to any coin: Date | Mint Mark | Condition. This paved the way for an emergency composition for the one-cent coin as well. These materials, including copper and nickel, were used for producing ammunition and artillery. It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. Federal Trade Commission. Otherwise, non-error steel cents are not in themselves rare. These are worth around $85,000 or more! This is somewhat different than the typical 95% copper, 5% tin and zinc composition generally used at the time for producing Wheat pennies. The first thing is not to wipe the coin. However, the trio of business-strike Philadelphia, Denver, and San Francisco 1943 Lincoln steel cents constitute a very popular one-year short set. Uncirculated Grade: A very distinctive blue-white luster shines from a mint state - uncirculated 1943 cent. 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). James Bucki is a nationally-recognized coin collector and numismatic expert and author, sharing his knowledge and specialized training in coin grading, minting errors, and collection techniques. But chances are any of the Lincoln Wheat cents you've found in pocket . Understanding this, the value of a 1943 Lincoln will vary based on its type. Due to their high value for coin collectors, there are lots of fakes around. Don't be the last to know about the latest deals and new product arrivals. Both are in the collectible grading range. The uncirculated 1943 steel penny's worth is generally in the neighborhood of $1.50 to $5. However, many in the public were less than thrilled with the alternative composition. There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. And the famous sculptor Augustus Saint-Gaudens was the one tasked with the redesigns. How Much is a 1961 Franklin Half Dollar Value Worth? 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. Value: Values range from $350 to about $12,000 for this coin. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. Most wheat pennies in good condition will be worth about $10 on average and are fairly easy to find and purchase. For all these reasons, the US Mint decided to reuse copper for producing pennies in 1944. The 1943 wheat penny made from zinc is worth between $0.16 (G4) and $6,000 (MS68) depending on where they were minted.