What is the value of a 1944 steel penny worth?
The 1944 steel penny is worth between $75,000 and $110,000, depending on its condition. The 1943 copper cent — with only 40 made and 12 known to exist today — can command a price of around $150,000 to $200,000.
How do you know if you have a 1944 steel penny?
It’s really easy to tell if you have a 1944 steel penny or 1944 copper cent: If your 1944 penny sticks to a magnet, it’s a steel cent and is rare. If your 1944 penny does NOT stick to a magnet, it’s made from copper and is common.
Are steel pennies worth money?
They are fairly common in nice condition since people tended to save them when they were first issued because they were unusual. A regular 1943 steel penny is worth only a few cents. Although these pennies show a brilliant shine, they are considered damaged coins and carry little to no value.
How much is a 1944 no mint penny worth?
Lacking a mint marking, as it was never meant to be released for circulation, the 1944 Steel Wheat Penny will set a buyer back $77,234 to $110,334, depending on the coins condition.
How many 1944 steel pennies are in circulation?
There are probably 25 to 35 Philadelphia Mint steel cents from 1944 in existence. Just two 1944 San Francisco Mint steels are known.
Why is 1944 wheat penny so rare?
The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.
How many 1944 steel pennies are there?
There are probably 25 to 35 Philadelphia Mint steel cents from 1944 in existence. Just two 1944 San Francisco Mint steels are known. The consignment by Bob Simpson of the PCGS graded MS-66 1944-S commands attention. The only other known 1944-S steel cent is in a PCGS genuine holder.
Are all 1944 pennies valuable?
Its value ranges from 15 cents to 35 cents, but it could be worth way more than that, depending on its qualities. For instance, a 1944 penny in certified mint state (MS+) condition can fetch between $6 and $8 at an auction. 1944 pennies are old coins minted in the United States decades ago.
Why is the 1944 wheat penny rare?
How many steel 1944 pennies were minted?
This resulted in the creation of perhaps less than 2 dozen or so 1944 steel pennies – fewer than the similar, yet converse error that resulted in the minting of about 25 copper 1943 pennies, also considered a great rarity. Many folks call them 1944 silver pennies, but there is no silver in the 1944 cent.
Why were steel pennies struck in 1943?
Jump to navigation Jump to search. 1943 steel cents are U.S. one-cent coins that were struck in steel due to wartime shortages of copper.
Do the 1943 steel pennies have any value?
The 1943 steel pennies have value as numismatic coins. Keep reading to learn more about these one cent coins. In 1943 the US was fighting in WWII and a copper shortage led them to issue steel pennies. These pennies are made of steel and coated in zinc.
What besides copper were 1944 pennies made of?
Incidentally, there are a few 1944 pennies made from steel , probably in much the same way that 1943 copper pennies were produced. 1944 steel pennies are also considered valuable due to their rarity, as are the 1974 pennies made from aluminum in an experimental test run which the Mint later abandoned.