The 1943 steel pennies have value as numismatic coins. Keep reading to learn more about these one cent coins. Show
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. They have the same design as the other wheat pennies. SpecificationsType:
Wheat Penny The US minted the 1943 steel penny with no mint mark and also the 1943 D steel penny and 1943 S steel penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
Despite their unique appearance, the majority of these coins aren't valuable. This is because many of them were minted. 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 $2.50 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $8. The 1943 D steel penny is worth around $0.35 in fine condition. In very fine condition the value is around $0.40. In extremely fine condition the value is around $0.50. In uncirculated condition the price is around $3 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $10. The 1943 S steel penny is worth around $0.40 in fine condition. In very fine condition the value is around $0.65. In extremely fine condition the value is around $0.75. In uncirculated condition the price is around $6 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $20. Boldly Doubled Mint Mark VarietyThere is a notable error variety for the 1943 D steel penny series. One these error coins the mint mark is minted twice onto the coin. This mint mark has a bold appearance. The 1943 D steel penny with the boldly doubled mint mark is worth around $40 in fine condition. In very fine condition the value is around $50. In extremely fine condition the value is around $60. In uncirculated condition the price is around $100 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,000. Copper or Silver Error CoinsA few pennies minted on copper or silver planchets are known to exist. These error pennies can sell for hundreds of thousands of dollars. Because of how valuable they are, fake 1943 copper coins exist. These fake copper coins are regular steel cents that were coated over with a thin copper layer. The magnet test can be used to easily tell a fake from an original. If a 1943 copper penny sticks to a magnet then it's not an authentic error coin. Grading SystemFine- The lines in the wheat heads are worn but visible. Very fine- Lincoln's jawbone and cheekbone are worn but still separated. The wheat heads are not worn. Extremely fine- There is only slight wear on the coin. All of the details are sharp. MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks. MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent. MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. Sources: The Red Book See also: 1944 Wheat Penny Fact Checked xThe article has been verified to ensure the highest possible accuracy (content includes links to reputable media sites, academic research institutions and, occasionally, numismatic studies). All content on our website has been reviewed, however, if you feel that our content is inaccurate, outdated, or questionable, you can contact us to make the necessary corrections. EXTERNAL SOURCES: pcgs.com ngccoin.com coins.ha.com INDEPENDENT SOURCES: usmint.gov money.org Ed. note: This article is periodically updated to reflect the current price of most valuable coins. When you come across a 1943 Lincoln Steel Penny, the first question that comes to mind is – what was the reason for creating this type of valuable coin made of silver more like a dime than a penny. Learn how to tell if you have one too. Key Takeaways
In this article you will learn in a simple but profound way what a 1943 Steel Penny is, list of rarities that make them highly valuable for collectors and most important… which are the most expensive. Source: NgccoinHow much is a 1943-d steel penny worth in 2022?Coleccionistasdemonedas.com Estimated Value of 1943 Steel Penny today is:
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History of the 1943 Steel Wheat PennyHow To Tell If You Have One Too? From 1909 to 1958 the U.S. penny was made of 95% copper and showed the bust of President Abraham Lincoln facing right to commemorate 100 years of his birth. Above the bust, you can read the legend “In God We Trust“, behind him (i.e. in the field on the left) the word “Liberty” and on the right, the date and mint mark are inscribed, Denver or San Francisco. Source: NgccoinThe history of the 1943 Lincoln Steel Penny dates
back to the intervention of the United States of America in World War II (1941-1945). How do I know if my 1943 penny is rare?
Later, from 1959 to 2008, the back of the Lincoln penny was modified with the well-known Frank Gasparro’s design, in which the two wheat leaves on the back for which Lincoln’s pennies were known were removed. Characteristics of the 1943 Steel CentIn addition to the weight, another feature that differentiated the 1943 Lincoln Steel Penny from the previous Lincoln Penny was its reaction to a magnet, since it had a high percentage of steel that used to stick. It was the first coin manufactured in steel by the United States Mint.
Since the main material that made up the coin was steel, new dies had to be used and changed from time to time because the hardness of the steel soon wore them out. It also required increasing the pressure on the coinage so that the designs would be well engraved on the steel disks. This is why the 1943 Lincoln Steel Penny is usually better minted than its copper brothers. Types of Mint MarksThe 1943 Lincoln Steel Penny was cast at three mints: Philadelphia (no mint mark), Denver (“D”) and San Francisco (“S”). The quantities produced for that year of 1943 at the various mints were:
Philadelphia’s production of these 1943 Steel Lincoln Penny’s tripled the output of the second-largest production mint, Denver. For its part, San Francisco Mint produced the lowest number of units during the year of 1943.
How do I know if my 1943 steel penny is worth money?Which 1943 steel penny is valuable? It is relatively easy to know if your coin has a high value. Check to see if it falls into one of the categories on this list. #1 – 1943 Steel Wheat penny DDR (Double Die Reverse) – $2,150This rare variant of the 1943 Philadelphia Lincoln Steel Penny consists of a double coinage on the back. Here you can see 2020 prices in different grades: 1943 Steel Wheat penny DDR value chart
#2 – 1943 Steel Penny D – $6,000It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. PCGS has more than 48,000 copies registered in MS60 or higher grades and halves to 24,000 copies registered in MS65 or higher grades. 1943 Steel Penny D value chart
The maximum price achieved for a piece of this year and mint was $6,000, in August of this year 2020. #3 1943-D/D – $21,275Source: coleccionistasdemonedas.comOf the 217,660,000 1943 Lincoln Steel Pennies minted in Denver, only a few, out of 4,000, are double-minted with the initial/mint mark (“D”).
The prices reached by the highest graduations these last two years have been: 1943 Steel Penny D/D value chart
The record price for a copy of this variant was reached in 2011 for an MS67 quality, $21,275. #4 – 1943-S Penny – $207,000San Francisco was the mint with the lowest number of units produced of the 1943 Lincoln Steel Penny, over 190,000,000. However, the valuable specimens in MS65 graduations or higher reach 20,000 specimens, a figure very similar to the 24,000 specimens of the 1943-D Lincoln Steel Penny registered in these same qualities.
1943-S Penny value chart
#5 – 1943 Copper Lincoln PennySource: NgcScarcer than the 1943 Lincoln Steel Penny is the 1943 Lincoln Penny made from copper, with an unknown coinage. It was minted in the three mints, Philadelphia, Denver and San Francisco.
Due to its high economic value, it is a type of variant that is very falsified either by the copper plating of a 1943 Lincoln Steel Penny or by modifying the dates of the 1945, 1948 and 1949 Lincoln Pennies for the rarer date of 1943. In the year 1944 something very similar happened but in reverse. Some steel dies from the previous year’s Lincoln Steel Penny were used to manufacture 1944 copies in steel. A copy of the 1944 Lincoln Steel Penny MS64 was auctioned off in 2013 for a price of $158,625. The public’s rejection of the 1943 Steel Lincoln PennyThe Lincoln Steel Penny was not well accepted by the American population who had to use it in everyday life. One of the main reasons was its confusion with the 10 cents in circulation at that time due to its silver appearance. The consequences were that on many occasions, merchants lost 9 cents in change. Images: www.pcgs.com Numismatic collector with a passion for history, particularly
Spanish history. What is the most valuable 1943 steel penny?There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63.
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 copper steel penny worth?The Rare 1943 Penny
If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! The reason is that the 1943 copper penny is an error coin. The United States Mint accidentally used the wrong planchet metal when striking the coin.
Which steel penny is worth the most?That would imply each coin is worth about 20 cents on average. Meanwhile, the 1943 S penny, in particular, could get quite scarce in high grades. According to PCGS, one of those pennies graded in “MS68+” sold for a whopping $19,200 in a March 2021 auction.
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