How much is a steel penny worth?

This silverish coin comprises 1% zinc and 99% steel, sometimes referred to as the silver penny. The penny got issued as a copper substitute during the 2nd world war. In its average condition, the value stands at 45 cents, while mint state steel wheat pennies have a $10 approximate value.

How much is a 1943 steel penny worth today?

The 1943 Steel Penny without a Mint Mark

The coin can sell for around 0.15 USD when in a good state. Expect the value to rise to 0.35 USD in fine grade, 0.48 USD in extremely fine form, and sell at 1.50 USD in the uncirculated grade.

How much is a 1944 steel penny worth today?

1944 STEEL Wheat Penny Value

According to the NGC Price Guide, as of February 2023, a Wheat Penny from 1944 in circulated condition is worth between $7500 and $33500. However, on the open market 1944 STEEL Pennies in pristine, uncirculated condition sell for as much as $200000.

How much is a 1943 copper penny worth?

The 1943 copper pennies are one of the most valuable ones. At auctions, the average price of a 1943 copper penny ranges from as low as $100,000 to $250,000 in average condition. At PCGS (Professional Coin Grading Service), the graded 1943 copper penny can be valued from $1 million to $1.5 million.

What is the most valuable steel penny?

That would imply each coin is worth about 20 cents on average. Meanwhile, the 1943 S penny, in particular, could get quite scarce in high grades. According to PCGS, one of those pennies graded in “MS68+” sold for a whopping $19,200 in a March 2021 auction.

1943 Steel Pennies Worth Money - How Much Is It Worth and Why, Errors, Varieties, and History

What steel penny is worth $1000000?

But a coin that was meant to be a 1943 steel wheat penny was sold for over one million dollars. A unique D 1943 copper cent was sold by Goldberg Auctioneers during a public sale in 2003 for $212,750. The same coin exchanged ownership in 2010 for $1,750,000. This PCGS-graded coin holds the highest record in sale.

How many 1943 steel pennies are left?

While there is no known mintage figure for the 1943-D/D Lincoln cent, it's estimated that perhaps 3,000 to 5,000 examples may exist across all grades. Otherwise, non-error steel cents are not in themselves rare. Their value lies in their novelty.

Why is a 1982 penny worth $10000?

So for the past 30 years, pennies have been made with an alloy comprised of 97.5% zinc and 2.5% copper, but pennies minted before 1982 are 95% copper and 5% zinc. The price of copper has more than quadrupled over the past 10 years.

How do I know if my 1943 steel 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.

Is a 1945 penny worth 85000?

The most valuable 1945 penny is the one with the “D” mint mark. This coin is worth about 85,000 dollars. This is because the metal content in the penny is worth more than the face value of the coin. The value of the metal content has increased over time, and the 1945 penny is made of 95% copper.

Are all 1943 steel pennies worth money?

Types of 1943 Steel Pennies (Regular Strike)

Three types of 1943 steel pennies. All three versions of this coin, the 1943, 1943-D, and the 1943-S are worth around 15 cents in average condition and in fine condition, can be worth a few dollars or more.

Why is the 1944 penny rare?

1944 No Mint Wheat Penny Value

This is because coins produced at the Philadelphia mint, which did not have mint marks, are considered more rare and more desirable among collectors. A 1944 no mint Wheat Penny in circulated condition can be worth around 50 cents to $2.

Are all 1944 pennies rare?

The 1944 wheat penny is not rare. Standard unmarked 1944, 1944-D, or 1944-S cent are some of the most common wheat pennies, with over 2,148,338,000 pennies produced during 1944. It was one of the most minted coins in all U.S. coin production history.

Is a 1943 or 1944 penny worth anything?

They are worth about 10 to 13 cents each in circulated condition and as much as 50 cents or more if uncirculated.

What makes a 1943 penny so rare?

Approximately 40 1943 copper–alloy cents are known to remain in existence. Coin experts speculate that they were struck by accident when copper–alloy 1–cent blanks remained in the press hopper when production began on the new steel pennies.

Why is the 1943 penny so expensive?

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.

Is a 1943 copper penny worth $1.7 million?

How Much Is A 1943 Copper Cent Worth? It's quite literally the million-dollar question! The all-time record price for a 1943 bronze cent is $1.7 million. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service.

What is the most expensive 1943 steel penny?

A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency. Texas Rangers co-chairman Bob R.

What is the rarest type of penny?

1877 Indian Head Penny – $149,500

This particular penny is the rarest date of all the Indian Head pennies minted. In 1877 the demand for US coinage was at an all-time low due to a long recession. So, people didn't save pennies then. To find an uncirculated version in mint condition is rare.

What penny is worth 2300 dollars?

The coin is a 1999 Lincoln penny and if you flip it over to the backside, look at the AMERICA in the UNITED STATES OF AMERICA. More specifically, the A and the M letters. If they are not touching, it's called a wide AM and this error could be worth some major money as one sold for $2,300.

What penny is worth a lot of money?

One of the most valuable doubled die varieties ever produced is this 1969-S penny error. Experts believe this issue numbers only a handful of specimens and is worth more than $30,000. Doubling is apparent on the obverse in the inscription and date but not the mintmark.

Are 1983 pennies rare?

The U.S. made about 7.7 billion pennies in 1983, but only about 5,000 of them are known to have been made with this doubling error, James McCartney, director of numismatics at Stack's Bowers Galleries, tells CNBC Make It. The rarity of these misprinted pennies are what make them more valuable than ordinary pennies.

How much is a 1942 steel penny worth?

FAQs About the 1942 Wheat Penny

And since these 'P' pennies are so populous, most are only worth their face value. In average condition, you might get 35 cents for this coin, but even in mint state, you get about $3 without errors.

Are steel pennies real?

The steel pennies have many names, such as steel war penny and steelie. At coin stores, they are usually priced from 10 to 50 cents. The coins are about 99 percent steel with a small amount of zinc, which is also in our present pennies.