What was the value of a 1943 Penny?
A regular 1943 steel penny is worth only a few cents. As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. If it was in circulation long enough, the zinc coating completely wore off, and the steel underneath would start to show through.
What kind of rust does a 1943 copper penny have?
When exposed to moisture the penny would start to rust. To “revive” some of the original beauty, some unscrupulous coin dealer’s started to re-plate the steel pennies with a fresh coating of zinc. Although these pennies show a brilliant shine, they are considered damage coins and carry little to no value. Rare 1943 Copper Lincoln Cent.
What kind of alloy is a 1943 cent made from?
Uncirculated Grade: A very distinctive blue-white luster shines from a mint state – uncirculated 1943 cent. These coins are struck from a zinc coated steel alloy. Luster and its texture remain intact to reach the uncirculated grade. Zinc, the outer coating, is prone to dulling if disturbed.
What kind of coin is a fake 1943 Lincoln cent?
Chinese counterfeiters are manufacturing some high-quality counterfeit coins to deceive coin collectors in the United States. These coins are made to resemble a genuine 1943 Lincoln cent, and the Chinese counterfeiters use copper blanks so they won’t stick to a magnet.
What is the most expensive 1943 Penny?
The world’s most expensive penny, a Lincoln cent struck in the wrong metal at the Denver Mint in 1943, has been sold for a world’s record price of $1,700,000 by Legend Numismatics of Lincroft , New Jersey. The buyer is a Southwestern business executive, who wants to remain anonymous.
What is the value of a 1943 US Steel Penny?
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. Oct 2 2019
Is it true that the 1943 Penny is worth millions?
The 1943 copper penny can be worth a million dollars as an extremely rare and sought after collectible coin. A penny from 1943 minted that year was made out of steel with a zinc coating. This was because copper was heavily needed for war materials during World War II.
How rare is a 1943 Lincoln Steel Penny?
Despite the widely held misnomer by many non-collectors that 1943 Lincoln Steel cents are rare and valuable, these coins were struck in huge numbers and are relatively inexpensive in all but the highest uncirculated grades. All told, the United States Mint struck nearly 1.1 billion zinc-coated steel cents in 1943.
What was the silver penny made of in World War 2?
The 1943 silver colored penny is a wartime coin issue made of steel and coated with zinc. During World War II, the war effort required a lot of copper to make shell casings and munitions.
Do the 1943 steel pennies have any value?
The 1943 steel pennies have value as numismatic coins. Keep reading to learn more about these one cent coins. In 1943 the US was fighting in WWII and a copper shortage led them to issue steel pennies. These pennies are made of steel and coated in zinc.
How much is a 1943 Lincoln Steel Penny Worth?
Zinc-coated steel was used as the substitute metal composition and hence the new silver-like coin is known as the wartime steel cent or steel penny. USA Coin Book Estimated Value of 1943 Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.22 in Average Condition and can be Worth $2.74 to $8.91 or more in Uncirculated (MS+) Mint Condition.
