Question: How Many 1943 Steel Pennies Are Left?

What makes a 1943 steel penny rare?

This off-metal transitional error was accidentally struck when a few leftover 1942 copper planchets were fed through the presses at the Philadelphia, Denver, and San Francisco Mints.

The 1943 copper cents are extremely rare and valuable.

Only a couple dozen pieces were made, and each is worth about $100,000..

How do I know if my 1943 penny is rare?

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 worth?

CoinTrackers.com has estimated the 1943 Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $10.

What year penny is worth $1000000?

A man’s rare penny he kept for decades could be worth over $1 million. A penny is only worth a cent, but not one found in Massachusetts in 1947. Fewer than 20 of the rare 1943 Lincoln pennies were ever made– and that was due to an error.

Should I clean my 1943 steel penny?

Removing the zinc coating from a 1943 steel penny. When the US joined the second world war, copper became so in demand, steel was used to create pennies, hence the steel penny. … You have to clean it off or it will continue to eat away at the steel.

Which 1943 penny is worth the most?

The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.

What’s the rarest penny?

1943 Bronze Lincoln “The most valuable Lincoln cent sold privately in 2010 for $1.7 million,” said Stone. In order to preserve copper for the war effort, the U.S. Mint switched to making pennies from zinc-coated steel planchets, instead of the usual bronze coin blanks, Stone explained.

Why is the 1944 steel penny so valuable?

Because much copper was required for military purposes, it was decided that the one cent coins (pennies) of 1943 would not contain any copper. They were specified to be zinc-coated steel. … The steel planchets used in 1944 were almost certainly leftover from 1943.

What is the highest paid penny?

1. 1943-D type Lincoln Bronze Penny – $1.7 million. The most expensive penny that has ever been sold at auction is a 1943-D Lincoln penny that had been struck on a bronze planchet. The penny was in uncirculated condition.

What is the rarest wheat penny?

25 Most Valuable US Pennies1.) 1944 Steel Wheat Penny – Worth $110,334.2.) 1943 Copper Wheat Penny – Worth $85,782.3.) 1873 Indian Head Penny – Worth $10,000.4.) 1914 D Wheat Penny – Worth $5,500.5.) 1922 D Wheat Penny – Worth $5,000.6.) 1877 Indian Head Penny – Worth $3,200.7.) 1926 Wheat Penny – Worth $3,000.8.)More items…

What year pennies are worth keeping?

Lincoln pennies that were minted between 1959 and 1982 tend to be worth more since they are almost 100 percent copper, rather than an alloy.

What is the most valuable Kennedy half dollar?

Rare SMS 1964 Kennedy Half Dollar Sets $108,000 World Record Price. A 1964 Kennedy Half Dollar sold for a world record $108,000, making it the most expensive coin of its type, during a public auction of rare U.S. Coins held Thursday, April 25, 2019, by Heritage Auctions.

Are steel pennies valuable?

The majority of examples of 1943 steel pennies are in circulated condition and have developed a lot of spots and tarnish. These are worth less than a dollar, but nice Mint State coins are also available. Uncirculated 1943 cents from each branch mint. In MS60 they are worth $7; $15 in MS63; and $28 in MS65.

How much is a 1943 steel penny worth in 2019?

Value of a 1943 Steel Penny They are worth about 10 to 13 cents each in circulated condition, and as much as 50 cents or more if uncirculated.

Why is a 1943 penny so valuable?

Eventually, they decided to use steel to make the pennies in 1943. … About 40 copper pennies were struck in 1943. One possible reason for this is because the copper plates were accidentally left in a few machines. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more.

What year is a penny worth 1 million dollars?

1943A Massachusetts man’s rare 1943 Lincoln penny could be worth over a million dollars. The 1943 penny was minted in steel due to Copper being a valuable material for the war effort.

How much is a 1999 close Am penny worth?

USA Coin Book Estimated Value of 1999-S Lincoln Memorial Penny (Close AM Variety) (Proof Coin) is Worth $87 or more.

Should I clean steel pennies?

No. Generally, it is better to leave your antique metal currency alone than it is to try and erase all the grime and grit off of those coins. Cleaning or polishing rare coins devalues them.