One of the rarest and most intriguing US coins is the 1943 Bronze/Copper Lincoln Wheat Cent. Nearly all pennies from 1943 are supposed to be steel cents. However: A small number of copper planchets were left over from 1942 and were used in 1943 during the transition to steel planchets. The 1943 copper cent was produced at all three mints with about 20 being produced in Philadelphia - making it the more common of the three. Most experts believe that there are still a few yet to be discovered! Show
Beware of fake counterfeits - as this is one of the most counterfeited of all US coins. Some scammers will attempt to plate a 1943 steel penny in copper. A good test is to place the coin near a magnet. If the coin sticks to the magnet - then it has steel content and is therefore fake. Also to watch out for: Scammers will sometimes take a copper 1948 wheat penny and file down the left side of the "8" into a "3" - to trick people into believing it is the rare copper 1943 wheat penny. USA Coin Book Estimated Value of 1943 Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $141,198 in Average Condition and can be Worth $399,635 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare minimum value of coin). Click here to see the Melt Value of every US Coin. This post may contain affiliate links. If you buy thru these links, we may earn a commission at no additional cost to you. Over the last decade, I’ve been asked, “How rare are 1943 silver pennies?” and “How much is my 1943 silver wheat penny worth?” more times than I can even remember. And this is a good thing — I love telling people the story behind 1943 pennies and what they’re worth! Read on… I’ll also tell you what 1943 silver pennies are actually made from — and we’ll discuss the rare, valuable 1943 copper penny below as well. How To Spot A Rare 1943 PennyThere are a few 1943 rare wheat pennies, but most 1943 wheat pennies are not rare. You probably have a 1943 wheat penny that looks silvery in color, or maybe dark gray — it may even appear rusty. Here’s how to tell if your 1943 silver wheat penny is rare or not:
Rare 1943 wheat pennies are made from bronze — they look similar to most other copper pennies from other years. In fact, 1943 copper wheat pennies are usually worth $100,000 or more! In a minute, I’ll talk more about the 1943 copper penny and why it’s so rare. But first, let’s discuss what those silver 1943 wheat pennies are made from. (Spoiler alert: a 1943 silver wheat penny is NOT made from silver!) 1943 Silver Pennies Are Made Of Zinc-Plated SteelWhen I first got into coin collecting back in the early 1990s, I thought — like so many people who ask me about their coins here at The Fun Times Guide — that my silvery 1943 pennies were actually made from silver. And, sure, that makes sense. Silver has been used in many coins — including dimes, quarters, half dollars, and dollar coins. Most 1943 wheat pennies appear to be silver in color. So, what are 1943 “silver” pennies made from? Answer: Zinc-plated steel! In the early 1940s, when the United States had first entered World War II, our nation needed to ration a variety of important materials to help win the war. Copper was essential for making ammunitions — so the government decided to divert copper from making pennies to manufacturing shell casings. The decision was made to strike 1943 wheat pennies from zinc-plated steel planchets. More than 1 billion 1943 steel wheat pennies were made:
However, by the end of 1943, much of the public complained about the new steel pennies. 1943 steel wheat pennies were not a hit for these reasons:
Rare 1943 Copper Penny ValuesThe U.S. government found the solution to the above problem by making the 1944 wheat penny from spent copper shell casings that were recovered from battlefields after use. But it turned out a few 1943 wheat pennies had accidentally been made with leftover copper planchets (prepared coin blanks) from 1942 — and they escaped from the United States Mint! The first of these was reported within a few years. Today, 1943 copper wheat pennies are among the most valuable Lincoln pennies. NOTE: Incidentally, a few 1944 wheat pennies were made with the 1943 steel planchets. These are worth around $85,000 or more! What Is A 1943 Steel Penny Worth? (aka 1943 Silver Wheat Penny)If you’ve gotten to this point in the article, you’re probably still curious what a 1943 steel wheat penny is worth. Remember I said earlier that more than 1 billion 1943 steel wheat pennies were made? Well, lots of 1943 steel wheat pennies still survive — and that means there are plenty to go around to satisfy the needs of coin collectors. Here’s the current 1943 steel wheat penny value:
So now that you know all about the 1943 penny value, did you strike it rich with your 1943 wheat pennies? Even if you didn’t, your 1943 steel pennies are still neat coins and they’re historic relics from the World War II era. There are many valuable, rare pennies out there. Maybe you’ll find one in your pocket change — if you look hard enough and you’re lucky. Keep checking your change, and happy collecting! More Info About Old, Rare PenniesIn addition to the links I’ve included above, here are some other resources to help you learn more about 1943 wheat pennies and other old pennies:
Please leave this field emptyDon’t miss our latest tips! Stay up to date with everything about U.S Coins Email Address * We don’t spam! Read more in our privacy policy Check your inbox or spam folder to confirm your subscription. Joshua I’m the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. 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. I’m also the 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). I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve 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! How much is a 1943 wheat penny worth today?A 1943 wheat penny with no mint mark, Philadelphia mint, is the most common of the 1943 pennies and is worth around 15 cents in average condition and up to a few dollars for nongraded coins in fine condition.
How much is a 1943 wheat copper penny worth?The Rare 1943 Penny
If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! The reason is that the 1943 copper penny is an error coin. The United States Mint accidentally used the wrong planchet metal when striking the coin. But very, very few of these left the U.S.
Which 1943 penny is worth the most?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.
How much is a 1943 D steel wheat penny worth?USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.33 in Average Condition and can be Worth $3.30 to $11 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts.
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How much is a 1943 wheat penny worth
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