Is a 1942 copper penny worth anything?

The Standard Value of the 1942 Penny

The standard value for the 1942 penny ranges from $0.35 in average condition to $3 in certified mint state.

Is a 1942 copper penny rare?

Having said that, collectors are really only interested in older versions of the coin, like the 1942 Lincoln. These pennies are collectible not only because of their age and historical significance, but because they are rare and growing rarer by the day.

How much is a 1942 no mint mark penny worth?

The 1942 wheat penny with no mint mark and the 1942 D wheat penny have similar values. Each coin is worth around $0.15 in good condition. In very fine condition the value is around $0.25. In extremely fine condition the value is around $0.50.

What year penny is worth $1000000?

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 makes a 1942 wheat penny valuable?

The 1942-S is the last copper wheat cent with a significant value jump when found in above average condition. Most wore heavily through extended use. In Extremely Fine grade and above it is in demand by collectors assembling circulated sets.

How much is a copper penny worth?

If you look at the price of copper per oz today, it is $0.27 per oz. If we take a look at coinflation (A PCGS app) the copper melt value for ONE COPPER PENNY is $0.03 So if I were to go to the bank and get ONE roll of pennies and there are, lets say 10 copper pennies in there. So 1/5 of the roll is copper.

Are copper pennies worth saving?

The Copper and Zinc in a Penny

10, 2019, was $2.75 a pound. 6 That meant the copper in each penny was worth about 1.7 cents. Thus, the meltdown value of a pre-1982 penny was about 70% more than the face value.

Are there any 1943 copper pennies in circulation?

Approximately 40 1943 copper–alloy cents are known to remain in existence.

How much is a copper penny worth 2021?

How Much Is A Copper Penny Worth 2021? The uncirculated condition is the only condition in which these coins sell for a premium. It is priced around $0.20 to buy a 2021 penny without a mint mark and $0.00 to buy a 2021 penny with a mint mark. A MS 65 grade for a 30 in uncirculated condition.

What is the rarest wheat penny?

Considered to be the most valuable of the non-error Wheat Pennies, the 1914 D Wheat Penny commands an asking price range from $281 to $4,268.

What is the rarest penny?

1958 Double Die Lincoln Penny - About $336,000

Due to an error involving a double stamping that affected the lettering on the front of the penny, this rare coin is highly coveted by collectors. Only three examples are known to exist, and one in great condition sold at auction in 2018 from about $336,000.

Are pennies from the 40s worth anything?

The value of a 1940 Wheat penny varies from coin to coin, depending on its condition. For instance, a 1940 Lincoln penny in good condition without a mint mark is worth about $0.15. If it's in fine condition, its value increases to $0.60. If the same coin is uncirculated, then its value becomes $1.

Why is the 1943 copper penny so valuable?

The copper was supposed to be saved for the war effort during World War II, but a chance mistake resulted in a few pennies being struck in copper. Only about 10-15 of these collectible coins still exist, making the 1943 copper penny one of the most valuable old pennies in existence.

What are the 15 most valuable pennies?

How do I sell my wheat pennies?

A certified local coin shop is an excellent place to sell your coins. The best option is to find a reputable and trustworthy dealer who can estimate a penny's value. Most coin shops will offer you a fair deal, as they depend on customers' recommendations and satisfaction.

What is a 1943 copper penny worth?

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

What year pennies should I keep?

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 mint mark on the 1943 copper penny?

"S" Mintmark Under Date: San Francisco Mint Struck the Coin

San Francisco struck 191,550,000 zinc coated steel pennies in 1943, 3th highest amount in a single year wheat cent. Representing the only year of this composition, interest remains high.

What's so special about a 1943 penny?

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 steel wheat penny worth anything?

Because they are quite common, a 1943 penny in circulated condition is not worth much. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents. However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000.

How can I tell if my 1943 steel penny is worth anything?

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.