How much is a 1943 penny worth copper?

How much is a 1943 penny worth copper?

While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000.

How do I know if my 1943 penny is valuable?

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 Wheat Penny?

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.

How can I tell if my 1943 penny is copper?

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.

Will a 1943 bronze penny stick to a magnet?

Here is how to determine if your coin is worth $1 or $100,000. Even a small magnet will easily stick to any 1943 penny made of steel.

What’s the special thing about a 1943 copper penny?

Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies.

When did the bronze Lincoln Penny come out?

The 1943 bronze Lincoln cent first came to light in the mid-1940s and quickly took the numismatic world by storm. During this time, the United States Mint was striking pennies from zinc-coated steel planchets.

Which is lighter a copper penny or a Steel Penny?

Steel 1943 pennies weigh just 2.7 grams each, lighter than the copper penny of 3.11 grams. It is also the only US coin to not contain any copper whatsoever. How much is a 1943 Steel Penny worth? Steel pennies are sometimes referred to as a silver penny. However, steel pennies are not actually silver, but steel.

Are there any copper pennies in the US Mint?

Ammunition required so much copper, the US Mint had to find an alternative source for the penny – thus the 1943 steel pennies. The U.S. Mint had denied that copper pennies minted in 1943 existed. You can read a news article from 1960 stating these rare copper cents do not exist.