Why is the 1944 steel penny valuable?

“The 1944-S Steel Cent is an extremely rare off-metal striking created when a steel blank left over from 1943 was struck in the normal production run of 1944-S Bronze Cents, Ron Guth, the President of Professional Coin Grading Services wrote.

Why is a 1944 steel penny worth so much money?

Their rarity is one reason why they're so expensive, but it's also down to the composition of the coin itself. PRO-TIP: The 100% best way to check the latest values of the 1944 Steel Penny is to visit the eBay Rare Coins page and search for recently sold 1944 Steel Penny's via advanced search.

How much are 1943 and 1944 steel pennies worth?

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.

Are steel pennies worth money?

Most steel pennies are worth between 20 cents and 20 dollars. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. There are few vintage coins as widely collected as the 1943 steel Lincoln penny. This applies within and even beyond the numismatic realm.

Are steel wheat pennies 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.

Why the 1944 Steel Pennies Are Worth So Much Money

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.

How much is a 1943 steel penny worth in 2021?

Specimens in circulated conditions aren't worth more than 15 to 30 cents. According to the PCGS coin price guide though, uncirculated coins can be worth from $7 (graded MS60) to $3,500 (graded MS68). However, there were some error strikes that year that can sell for 5 or even 6 figures.

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.

Which steel penny is worth the most?

The 1944 no mintmark steel cent only has a reported mintage of 30, in comparison to more than one million minted in 1943. In 1943, a few bronze pennies were also minted. The bronze 1943 penny is one of the rarest coins in existence, and it sold for $204,000 in an auction in 2019.

Is 1943 Lincoln Steel Penny no mint?

The US minted the 1943 steel penny with no mint mark and also the 1943 D steel penny and 1943 S steel penny. The mint mark, when present, can be found on the obverse side of the coin below the date.

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 a 1944 wheat penny worth with no mint mark?

Type: Steel Wheat PennyYear: 1944Mint Mark: No mint markFace Value: 0.01 USDTotal Produced: 0Silver Content: 0% Numismatic Value: $77234 to $110334.00Value: ...

Will a 1943 steel penny stick to a magnet?

The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper. If it does not stick, the coin might be of copper and should be authenticated by an expert.

Why is 1944 wheat penny rare?

The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.

How many 1943 steel pennies are there?

1.1 billion of them were struck, including 685 million 1943 steel cents, 218 million 1943-D steel pennies and 192 million 1943-S steel cents. Each was composed of 99% steel and 1% zinc rather than 95% copper and 5% zinc and tin as pennies struck before 1943 were.

How much is a 1943-S steel wheat penny worth?

1943 Steel Penny Value

Uncirculated 1943 cents from each branch mint. In MS60 they are worth $7; $15 in MS63; and $28 in MS65. At the higher-end, MS67 coins command $150 and MS68 examples command $2,250. Of the over 12,000 1943 steel cents graded MS60 or above, only 75 are in MS68.

What is the rarest coin in the world?

What is the Holy Grail penny?

This holy grail penny is a copper penny from 1943. That might sound normal to some, but the U.S. didn't make pennies out of copper in 1943. Instead, they were made out of steel coated in zinc. This was due to copper being used for other purposes during World War II.

Why is a 1958 D penny rare?

One of the biggest and rarest errors for Wheat Pennies is the 1958 Doubled Die Error. Only three examples are known to exist, with only two being officially graded by PCGS, a third party grader. Doubling can be seen very clearly on the obverse of the coin.

What penny is worth $50000?

The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000!

What is the most valuable 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.