1943 steel penny value 2018

In 1943, the U.S. Mint struck pennies out of steel to help ration copper for military purposes. The MS62 coin is the finest of four known 1943-S bronze cents, and it is an upgrade to an example graded PCGS AU58 that was in Simpson's registry set. Any non-defense product that used copper, including pennies, needed to find a copper substitute. In this instance, the United States Congress passed a law that specified pennies produced in 1943 are made out of steel instead of bronze. Let’s examine these 7 rare wheat pennies closer. Among the most popular U.S. coins are Lincoln wheat pennies. In 1943, the U.S. Mint struck pennies out of steel to help ration copper for military purposes. If the penny sticks to the magnet, it is made out of steel — not copper. Definitions, Translations, and Word of the Day. However, in 1943, the Mint produced a few copper pennies. There were well more than 330,000,000 Lincoln pennies struck at the Philadelphia mint in 1955, but only a tiny fraction of these received the significant doubling of the obverse design which warranted the attention and popularity the coin has since received. Filed Under: Hobbies & Crafts, Rare U.S. Specifications in the law include diameter, thickness, metal composition, and design requirements. I’m also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). As he held it he reminisced about the 1943 'copper' Lincoln cent he found in change when he was a youngster, but that turned out to be a fake," said Sperber. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. About 40 copper pennies were struck in 1943. We’ve seen people do some crazy things with pennies, but it turns out that there is a certain copper penny out there that could make you a small fortune of over $200,000 if you find it. Much activity goes on in these facilities that enable them to produce billions of coins every year. You can opt-out at any time. With a little more than a million ever struck, the 1914-D usually commands over $200 in the lowest grades. Make sure to check out our Word of the Day and Word Search features to stimulate your brain, increase your vocabulary, and impress your friends. Each production facilities of the United States Mint is a factory that produces coins for the United States of America. As you may have heard, the current costs for creating a penny far exceeds the actual value of it. Copyright © 2004-2020 The Fun Times Guide | Privacy Policy | About | Contact | Sitemap, Images of America: The United States Mint in Philadelphia, To find out more on mintage figures (as well as tons of other information about U.S. coins), purchase the current edition of. If it sticks, it's not copper. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000. However, some bronze planchets left over from 1942 slipped into the production process. Although it cannot be proven, another explanation for this error coin is that a mint employee purposefully struck a few 1943 pennies on bronze planchets. It seems that copper was critically needed for the war effort. Due to its value, some counterfeits were created with steel cores. One possible reason for this is because the copper plates were accidentally left in a few machines. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000. I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. That’s what happened when a small number of the 7,160,000 Lincoln wheat pennies the Denver mint produced in 1922 never received a “D” under the date on their cents thanks to a problem with the die. James Bucki has over 40 years of coin collecting experience, receiving specialized training in coin grading, minting errors, and collecting techniques. The 1909-S (San Francisco) V.D.B. Collector demand is quite high for the 1909-S wheat penny, which can bring in at least $100. I've also authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! We're here to help you master the English language. If you think you've found a 1943 Bronze Lincoln, the Mint suggests testing it with a magnet first. Examples of the 1922-D wheat penny with no trace of the “D” evident can fetch over $400 in the lowest grades. 1931-S Lincoln pennies currently sell for at least $100 in the lowest collector grades.

What Is A Yaya Grandma, Cocus Wood Vs Grenadilla, Ignorer Les Messages Messenger, Pointless Game Questions, Island Of Bryan Location In Bahamas Map, How Old Is Robert Lujan,