I get a lot of queries for the following: 1943 wheat penny, 1943 steel penny, 1943 silver penny, 1943 Lincoln penny, 1943 copper penny, and 1943 penny value. Geesh… I guess you all have a bunch of 1943 pennies in your possession!
I did a little research… What follows are a number of rare pennies you should hold onto if you ever come across them in loose change or coin collections.
Let’s start with the 1943 penny:
In recent years a “1943 S” (San Francisco Mint) copper coin has gone for about $60,000 dollars at auction. I remember the prices from the P (Philadelphia) mint ranging from around $10,000 many years ago to $73,000 in recent times. There are many counterfeits of this coin. Source
The easiest way to determine if a 1943 one cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper and is worth about 50 cents. If it does not stick, the coin might be of copper and should be authenticated by an expert. Source
Is your penny a copper or zinc cent?
Only forty 1943 copper-alloy cents are known to remain in existence. Coin experts speculate that they were struck by accident when copper-alloy 1-cent blanks remained in the press hopper when production began on the new steel pennies. Source
In 1974, as a test, there were 1,579,324 Pennies made of pure Aluminum struck (produced) by the U.S. Mint. These were never circulated and most were later destroyed. Source
Sometimes a penny is worth more than a penny. If you think you’re seeing double, save that coin. A 1955 penny has a “double-die date.” In uncirculated condition — not a blemish on it — it’s worth about $27,000. Even in less than perfect condition it’ll fatten your bank account to the tune of $570. Source
In uncirculated condition, it would be priced at $6-$10 retail, but even the slightest wear is going to drop the value down to about 25 cents. Source
If the coin is circulated, it is worth between 25c and $10. If it is in mint condition, it could be worth $100 or more. Source
Lincoln pennies made from 1909 to 1958 were designed by Victor D. Brenner. His initials V.D.B. were on a limited quantity of the 1909 pennies making it one of the most sought after pennies for collecting. Source
The 1877 is considered the most crucial key date of the Indian Head cent series. The coin has demonstrated moderate to strong gains in just about every condition over time frames short and long. Source
The inaugural small cent, the 1856 Flying Eagle cent had a mintage of only 1000. The addition of an 1856 cent in any acceptable condition is a prudent buy. Source
A “Braided Hair Large Cent” was just an everyday penny back in 1844. If it is circulated, it is probably worth between $7 and $80. Source
The most “expensive” penny is a rare one minted in 1793. Only four are known to exist today and their worth is estimated at more than $275,000. Source
The chocolate-colored penny, the ninth known example of its type, bears the date 1792, an inscription “Parent of Science & Industry: Liberty” and the likeness of a woman’s head representing Miss Liberty. Source
About Silver Pennies…
2. Check a coin pricing guide: