The answer depends on the composition of the 1943 penny. The united states mint accidentally used the wrong kind ofplanchetmetal when striking the coin. What is the value of a 1943 black wheat penny answers. A step by step approach is use to evaluate and identify variety, judge grade and determine how much wheat pennies are worth. If the penny is attracted to a magnet, it is probably made of zinc and steel. Copper was completely eliminated from the denominations composition, in favor of a oneyearonly type featuring a zincplated steel composition. This is the second coin in from an original roll of pure 43s. In 1943 the penny was made out of zinc plated steel to save copper for the war effort which is. The steel penny display is nicely done, good quality, and a unique gift for someone born in 1943. A second era 1934 through 1958 is notable for abundance of coins and lower value. Mint created the copper penny with a zinccoated steel replacement that is an interesting coin but not rare for numismatists. Can anybody tell me what the value of that coin is.
The 1943 silver colored penny is a wartime coin issue made of steel and coated with zinc. Nobody knew anything about a 1943 penny struck on a dime planchet until i had it authenticated by anacs. We take pride in providing the most accurate coin values and stats online. Approximately 30 to 40 1943 pennies were inadvertently struck on 1942 bronze coin planchets. If the coin is in poor condition, it is valued toward the lower amount. Be sure to visit our george vi small cent forum if you need help. The original minting of the coin from 1928 to 1943 contained 75% silver, a higher content than the equivalent british coin. Calcutta many australian coins were struck in india and the united states of america during world war ii. Its true that in 1943 the content of pennies was changed from copper to zinccoated steel due to a copper shortage during wwii. Collectors began to recognize two major eras, the first 1909 through 1933 featuring elusive coins and higher value. The unique composition of the coin lowgrade steel coated with zinc, instead of the previously 95%copperbased bronze composition has led to various nicknames, such as wartime cent, steel war penny, and steelie. In 1943 the penny was made out of zinc plated steel to save copper for the war effort which is why most 1943 pennies are silver colored. According to red book between 30 cents to 15 dollars depending on the mint mark.
The government used steel for penny production during world war ii to conserve copper for the wars shell casings. Why are 1943 copper and 1944 steel lincoln cent errors so. The cherry pickers guide the official red book a guide. What is a 1943 silver penny worth with a d mark on it. Minting information, specifications, characteristics, current melt value, and past sales prices. If the penny has a silver color, it is made out of steel with a zinc. As you proceed handle each coin carefully, keeping in mind, 1943 quarter value is highest for uncirculated coins. In 1944 the us mint accidentally produced some steel pennies. Value is largely dependent on condition, mint marks and the number of coins available. Beginning your own coin collection is a great hobby. Value of a 1943 steel penny they are worth about 10 to cents each in circulated condition, and as much as 50 cents or more if uncirculated. Values, images, mintages, and specifications for 1943 penny coins from australia.
Wondering how much a 1943 silver wheat penny is worth. When it comes to determining the value of a coin like the 1943 lincoln, this is something that will depend on a few different factors. It was a nice way to mark my husbands special day, wellreceived and appreciated. For one, there were up to 3 different types of coins produced each year.
American silver eagles american gold eagles american platinum eagles american gold buffalos ase 25th anniversary set atb quarters atb 5oz bullion quarters. Coins discover rare finds and limited editions of u. The 1943 copper wheat penny is an extremely rare coin. Classic us coins collecting 1943 lincoln steel cents. Although the coin was withdrawn from the sale, the offering was widely publicized and focused collector attention on the issue in a big way. See if its a rare silver penny, a silver penny error, or just an altered coin that has been plated. Even though your 1943 penny might look silvery in color, technically, you have a 1943 steel penny. This page is dedicated exclusively to the 1943 george vi small cent. Here is your chance to own the 1943 genuine 24kt gold plating steel wartime wheat penny u. Discussion in us coins forum started by kurt, sep 24, 2007.
The united states mint in philadelphia a book that explores the colorful history of the philadelphia mint. Many people think they have found a rare coin when they see a 1943 lincoln penny. In the year 1943 the unites states issued the steel penny because the copper was needed for world war ii the steel look is actually the result of the mint using a zinc coating. Usa coin book an easy and simple way to buy, sell, auction off and keep track of coins online. Technical and aesthetics grading determines value to collectors. Copper was needed for the war effort, so production on copper pennies was halted. During world war ii, copper was so badly needed for the war effort to make shell casings that the u. Keep coin roll hunting and always remember you can find rare and silver coins without. Interestingly, a third small subgroup dated 1934 to 1943 is beginning to emerge in value. Value chart lists all dates in the wheat penny series. During world war ii, the war effort required a lot of copper to make shell casings and munitions. Apr, 2020 1943 quarter value by grade from brand new condition to very worn condition, is reflected in the examples. From 5cent pieces to half dollars to gold coins, you can get the pieces you want from ebay.
If youre sure that the date reads 1941, then the date may be a damaged or altered 1943 penny. In that case your coin has value pretty much only as a memento, maybe 50. Critical goods were ration to american citizens using coupon books issued by the. The reason is that the 1943 copper penny isan error coin. Among the great coins for beginners and seasoned numismatists alike is the penny. They think of regular 1944 coppers and 1944 steel cents as two different issues of coins. Other rare pennies on this list include the 1792 penny, 1793 penny, 1844 penny, 1856 penny, 1877 penny, 1909 penny, 1924 penny, 1936 penny, 1943 penny, 1955 penny, 1974 penny, and other silver pennies. As a rough estimate of this coins value you can assume this coin. What is the value of a rare 1943 copper wheat penny. The 1943 steel cent features the same victor david brenner design for the lincoln cent which had been in use since the first in 1909. If you have a 1941 silver colored penny, doublecheck the date. For more valuable coin tips give the video a thumbs up. You see, in order to estabish a set value for any coin, there have to be enough of them around to make a market for the coin.
Why are 1943 copper and 1944 steel lincoln cent errors so valuable. I can not tell if it is something that is spray painted or if it has been coated silver. As these babies are now turning 70, it makes a creative, meaningful birthday gift for this calendar year. Steel cents were made during world war 2 not the depression due to copper shortages. Steel pennies were minted in 1943 because of word war ii. But with the abundant and diverse coins that used to be and are still in circulation, which kind of coin should you start with. Australian penny value 1943 i australian penny value further detail in notes. The letter i below the kings head and the dots before and after penny on the reverse show that this coin was struck at the calcutta mint. Aug 12, 2016 during world war ii, copper was so badly needed for the war effort to make shell casings that the u. Book depository books with free delivery worldwide. 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. Just as the jefferson nickel fivecent 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. A grade defines its state of condition and is used by collectors to help judge its worth.
A 1943 dd copper penny is worth around 0 dollars troy o and just to let you know that i. Even keep track of your coin collection in an online database. Nov 25, 2007 according to red book between 30 cents to 15 dollars depending on the mint mark. I am sorting threw my grandfathers coin collection and i stumbled upon a 1945 penny that has silver all over it.
Connect with dealers, other coin collectors and put coins up on your wishlist look up coin prices and values and ask for coins on your wishlist to make offers for. Pennies can be plated with silver metal or made to look silver. The silver coins were quite distinguishable as they had a whiter appearance than the later cupronickel variety minted from 1951. The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. Look up coin prices and values to see how much your collection is worth. Understanding this, the value of a 1943 lincoln will vary based on its type. The silver coins were quite distinguishable as they had a whiter appearance than the later. Even if youre not into coin collecting, heres a list of rare 1943 pennies you should hold onto. This video will show you how to check for these rare coins. Strong evidence for my theory is that the pcgs price. All values are based on what you might expect to pay to buy a coin from a reputable dealer. Line your quarters in a row, judge their state of preservation and assign each a grade. A rare coin a teen received from his school cafeteria could fetch six figures at auction.
The penny was produced accidentally in 1943, according to heritage auctions, where aspiring buyers are. Second your coin is not made out of silver but steel. A 1943 penny is unique in the numismatic collectible group of wheat cents. If the penny has a silver color, it is made out of steel with a zinc coating to make it look nicer and protect it from rusting. Dec 30, 2016 in 1944 the us mint accidentally produced some steel pennies. Should i get the coins certified and does anyone know the current value of the coin mentioned above. Please contact ngc customer service with any questions. The 1943 silver colored penny is a wartime coin issue made of steel and. Find out if your coin is common or the rare and valuable one.
This very rare 1943 dd rpm penny is worth money and we will give. I tried to rub it off but it is silver all the way threw even the the edges. In addition to learning more about the valuable 1943 wheat penny, weve also got some tips to help you find out the value of all 1943 coins. This page also shows coins listed for sale so you can buy and sell. But if its not, heres how to tell what kind of silver penny you have. And if we compare other coins to 1943 coins, youll find those articles here as well. Ngc makes the world coin price guide available to its website visitors as a free service, but in no way does the information provided represent ngcs official opinion or policy. The following table lists the buy price what you can expect to pay to a dealer to purchase the coin and sell value what you can expect a dealer to pay you if you sell the coin. Even if youre not into coin collecting, heres a list of rare pennies you should hold onto. Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies.
Usa coin book us coin values and prices buy and sell. Value and spec information is sourced from various locations, including coin literature, coin dealers, resource websites, and asking price for online sales by reputable coin dealers. Australia penny 1943 i below kings head and dot before and after the word penny mint. First the us mint does not make pennies they make cents show me a cent that says penny on it.