Is there a penny worth millions?

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

1943 penny

The Philadelphia, Denver, and San Francisco mints each produced these 1943 Lincoln cents. The unique composition of the coin (low-grade steel coated with zinc, instead of the previously 95%-copper-based bronze composition) has led to various nicknames, such as wartime cent, steel war penny, zinc cent and steelie.

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1943 steel cent - Wikipedia

for a staggering $1.7 million.

Can a penny be worth millions?

Regardless of condition, 1943 bronze pennies tend to sell for around $125,000 and up. One sold for a whopping $1.7 million dollars through Heritage Auctions in 2010, but this high value was for a rare coin struck at the Denver Mint.

What penny is worth $1 million?

Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat cent on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc.

What's the most expensive penny?

Why is the 1943 penny worth $1000000?

The 1943 penny is worth $1 000 000 because it is not made of steel. In 1943, the US Mint switched from copper to steel to make pennies. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc. These pennies are now worth a lot of money because they are rare.

WOW! A 1982 Lincoln Penny Worth MILLIONS SOLD!

What US penny is rarest?

The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all.

What is the rarest penny year?

A penny from 1909 was the star of the show. It is, in fact, considered one of the rarest and most highly valued pennies in existence, made to celebrate the centennial of Abraham Lincoln's birth and inscribed with the initials of its designer, Victor D. Brenner. It sold for $365,000.

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.

What is the hardest penny to find?

1877 Indian Head Penny

This penny is the rarest date of all the Indian Head pennies ever minted.

What penny is worth 50k?

The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000! Here's everything you could possibly want to know about the 1959-D penny error!

How much is a 1944 penny worth?

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 penny worth?

In reference to the current NGC price guide, a 1943 wheat penny in a circulated condition is valued at $0.05 to $1.25. A mint state-certified steel wheat penny could fetch up to $10 at an auction.

What year wheat penny is worth $1000000?

1943 wheat penny worth a million dollars

$840,000 was paid for it at auction in 2021. A 1943 bronze Lincoln cent graded Mint State 63 Red was reportedly sold in a private agreement for one million dollars.

Why is the 1983 penny so valuable?

According to CNBC's Make It, the US made 7.7 billion pennies in 1983, but only about 5,000 are known to have this doubling error — making them valuable to those who find one in their possession.

What penny can make you rich?

1943 Lincoln Copper Penny

That year, the U.S. Mint made pennies out of steel, then coated them in zinc for extra shine. However, it also accidentally made a copper batch. Very few of them ever left the facility, so the ones that did are worth up to $10,000!

What are the 15 most valuable pennies?

Is there a lucky penny?

For example, the Indian Head Penny and the Wheat Penny are both considered lucky because of their rarity and higher value. The Indian Head Penny was in circulation from 1859 – 1909 when the Wheat Penny was introduced. The circulation of the Wheat Penny ended in 1956.

What is the oldest penny in history?

America's first one-cent piece, called the "large cent," was first struck in 1793, one year after the Mint opened. It was so big that it was hard to use, but it wasn't replaced by a smaller penny until 1857, more than 50 years later.

What's special about the 1999 penny?

1999 Wide AM Reverse

The 1999 Wide AM penny is the exact opposite of the 1992 Close AM. “The regular run was supposed to have the letters 'A' and 'M' in 'AMERICA' almost touching, and the special proof coins were supposed to have a wider space between those letters,” said Bucki.

How much is a 1985 zinc penny worth?

In general, circulated condition, the 1985-D penny is worth about $0.05. Obtaining these coins in grade MS67 and above can be difficult as uncirculated 1985-D pennies are rare. At MS66, the 1985-D penny value is about $5; at MS67, the coin is worth $7.50. Coins in MS68 and above are extremely 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 coins are worth a lot of money?

How rare is a wheat penny?

1. 1931-S Wheat Penny. The 1931 S Lincoln Wheat Penny is a key date in the series, with only 866,000 coins minted. Although it may sound like a lot, the average mintage numbers are usually in the millions!

What year is the lucky penny?

NATIONAL LUCKY PENNY DAY HISTORY

Benjamin Franklin designed the first American penny in 1787 known as the Fugio cent. Visitors to the Ben Franklins grave in Philadelphia leave one-cent pieces there for good luck.