How much is a 1943 metal penny worth?
Value of a 1943 Steel Penny They are worth about 10 to 13 cents each in circulated condition, and as much as 50 cents or more if uncirculated.
How do I know if my 1943 penny is bronze?
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.
What are 1943 pennies made of?
The U.S. Mint switched from bronze planchets to zinc-coated steel for cents in 1943 because copper was needed during World War II. “By error, some bronze planchets made it into the hoppers at all three Mints, were struck and released into circulation.
What makes a 1943 Steel Wheat Penny valuable?
A regular 1943 steel penny is worth only a few cents. As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. If it was in circulation long enough, the zinc coating completely wore off, and the steel underneath would start to show through.
How can I tell if my 1943 steel penny is worth anything?
The easiest way to determine whether or not your 1943 Cent has collectible value—to see if it is possibly bronze rather than steel—is simply to test it with a magnet. If the coin is magnetic, then it is, unfortunately, the common steel version and is not valuable in most cases.
How much is a 1943 steel penny worth with no mint mark?
The 1943 steel penny with no mint mark is worth around $0.30 in fine condition. In very fine condition the value is around $0.35. In extremely fine condition the value is around $0.40. In uncirculated condition the price is around $8 for coins with an MS 63 grade.
How do I know if my 1943 steel penny is worth money?
How many 1943 steel pennies are there?
1.1 billion of them were struck, including 685 million 1943 steel cents, 218 million 1943-D steel pennies and 192 million 1943-S steel cents. Each was composed of 99% steel and 1% zinc rather than 95% copper and 5% zinc and tin as pennies struck before 1943 were.
What steel pennies are worth money?
Both the 1943 copper Lincoln cent and 1944 steel Lincoln penny are worth an incredible amount of money because they’re so rare. They’re worth far more than the famous 1909-S VDB penny – the rarest regular-issue Lincoln cent: The 1944 steel penny is worth between $75,000 and $110,000, depending on its condition.
How much is an uncirculated 1943 steel penny worth?
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.