1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here

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Do you have an old 1943 penny?

Are you looking for the 1943 penny value?

Maybe you’ve got a 1943 steel penny, or maybe even the valuable, rare 1943 bronze penny.

Want to know what your 1943 pennies are worth?

You’ll find the answer in this post.

Here we will cover the 1943 steel pennies, tell you how to know if you’ve got the rare 1943 copper penny, and help you find out how much your 1943 penny is worth!

 

1943 Penny Facts

The 1943 penny is unusual among United States one-cent coins.

It’s the only regular-issue United States one-cent coin to be minted from steel (the 1944 steel penny off-metal error is not considered a regular issue), and it’s therefore one of the most popular coins people collect.

Why was the penny made from steel?

To save copper for World War II ammunitions. The war years of the 1940s was a time of rations. Everything from rubber to sugar was rationed because America needed to send these items to its troops fighting overseas. Copper, like so many other common materials, was one of those items.

Officials with the United States Mint had to find a way to replace the copper in the one-cent coin with a low-cost material. Plastic was among the many materials the Mint considered before determining zinc-coated steel to be the choice among its cost-effective options.

The steel cents were a creative solution, but they weren’t without their problems.

Many people confused the silver-colored pennies for dimes. Magnets in vending machines designed to weed out counterfeit coins filtered out authentic 1943 steel wheat pennies. The steel inside the coin was prone to rusting after exposure to moisture.

These and other issues plagued the 1943 steel cents. After just 1 year, the Mint reverted back to copper — using the metal from spent copper shell casings to strike Lincoln pennies from 1944 through 1946.

 

How To Tell If You Have A Common 1943 Steel Penny Or A Rare 1943 Copper Penny

Here’s a really easy test to see if you’ve got the common 1943 steel penny or a rare copper 1943 penny.

Try sticking your 1943 penny to a magnet:

  • If your 1943 penny sticks to the magnet, it is a common steel cent and NOT worth the big bucks.
  • If your 1943 penny does NOT stick to the magnet, it may be a rare 1943 copper penny. Further authentication is required to see if it’s a legitimate 1943 copper cent.

Here’s a great video that can help you better understand how to tell a common 1943 steel penny from the 1943 copper cent — and how to identify fake 1943 copper pennies:

What about those 1943 copper pennies?

It is believed they were accidentally made from a few remaining blank copper planchets that were left in hoppers at the coin presses. These copper blanks were unintentionally fed into the coining equipment along with steel planchets, thus resulting in the creation of perhaps a couple dozen 1943 copper cents.

Must read: Have A Silver Penny That’s Not A 1943 Steel Cent? How To Tell What You Have

 

What Are 1943 Pennies Worth?

What’s the difference in values between a 1943 steel penny and a 1943 copper penny?

Quite a bit!

All 1943 pennies are worth more than their face value, but how much more is the question a lot of folks want to know the answer to.

Here’s a rundown of the various types of 1943 wheat pennies and their values:

  • 1943 steel penny 684,628,670 minted; 10 cents to 50 cents
  • 1943-D steel penny 217,660,000 minted; 10 cents to 50 cents
  • 1943-S steel penny  191,550,000 minted; 15 cents to 60 cents
  • 1943-D boldly doubled mintmark mintage unknown; $35 to $60
  • 1943 copper pennies (any mintmark) Perhaps 25 to 40 known; $125,000 to $1 million+

*Values are for problem-free coins (no cleanings, holes, porosity, etc.) in circulated condition unless otherwise specified. Uncirculated 1943 pennies are worth significantly more than the prices listed here.

 

What Else Happened When Your 1943 Penny Was Made?

With millions fighting in World War II, 1943 was a busy year. Here are just a few of the things that were happening when 1943 pennies were minted:

  • Franklin Delano Roosevelt and Winston Churchill held the Casablanca Conference to discuss World War II plans in an international forum.
  • The Pentagon in Washington, D.C. was completed, becoming the nerve center for World War II and other international conflicts that later unfolded.
  • President Roosevelt froze prices and incomes to help prevent inflation in the wartime economy.
  • Rodgers & Hammerstein’s Oklahoma! opened on Broadway to the delight of audiences who enjoy the top-tapping American folk dance show.
  • “Coming In On A Wing And A Prayer” was one of dozens of popular World War II songs.

 

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6 thoughts on “1943 Penny Value: What Are 1943 Pennies Worth? Find Out Here”

  1. https://uploads.disquscdn.com/images/90b50e5a5b5796767d66d73e6c8ac73b51bb77d44df75b9d745d5ae93f9beb1d.jpg https://uploads.disquscdn.com/images/90e34407b79ed9756ddef9ba27d17a196febe1255e4865d906271afde9307789.jpg https://uploads.disquscdn.com/images/c0c7d955a329768d13e80dabe465bac2083230becc3b2ad7f2d7c03f618cc2fe.jpg https://uploads.disquscdn.com/images/7fa6fe93b38739450f829c0a913200743e52325d83e2c3da07b51fe79dfcdee6.jpg There is one authinecated 1943d in bronze and here is the second. It can never grade it had a body bag waiting for it before it escaped the mint. The operater seen the run & stopped it, thinking he recovered them all, he destroyed them on the spot, but they escaped and from the mint wear and tear on it indicates they have circulated a long time. One just one, got away untouched …
    I am trying to get a good photo of the only 1943d ever authicated and look for the tales, even as defaced as it is if there are markers that can be matched ? Tell me why it can not be real deal or why it is ….

    Reply
  2. https://uploads.disquscdn.com/images/2233cdc2cba5d9437db452348a3cc50ad9236bccf457110fabf44a8c71e7c1ec.jpg https://uploads.disquscdn.com/images/c9a5ac9a5f8e649e4220d37b53b46b8248bc69f4ecd0ee3105269cc004a6b0e7.jpg Good day! I am newer to the coin colleting industry. I have a few coins I am having a hard time identifying. they are both 1795 liberty draped bust however one is larger than the other and one has thicker details. If you could please help me decipher which one is fake I would greatly appreciate it. Sorry for them being sideways.

    Reply
    • Hi, April —

      I’m sorry to inform you that both of these coins appear to be only replicas. I’m not sure how or where you acquired these pieces, but I suggest sticking to buying coins only from reputable coin dealers and do some research on what coins are worth — in numismatics, deals that are too good to be true are.

      Here’s some advice on how to find a good coin dealer: https://coins.thefuntimesguide.com/coin_dealer/

      And here’s a coin value directory that will help you find out basic values for the most commonly collected US coins: https://coins.thefuntimesguide.com/us-coins/

      Wishing you all the best in your numismatic journeys!
      ~Josh

      Reply

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