While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. One possible reason for this is because the copper plates were accidentally left in a few machines. About 40 copper pennies were struck in 1943. However, in 1943, the Mint produced a few copper pennies. Source: Wikimedia CommonsĪfter the war ended, the Mint began to produce copper pennies again.
It turns out that people commonly confused steel pennies with dimes and they wreaked havoc on magnet-based vending machines. Although this seemed like a great idea, the Mint soon regretted using steel as an alternative for pennies. Eventually, they decided to use steel to make the pennies in 1943. Any non-defense product that used copper, including pennies, needed to find a copper substitute. It seems that copper was critically needed for the war effort. But for many decades, the penny was actually made out of other materials like copper. Currently, a modern penny is made out of mostly zinc.
The reasons for this are because of the costs of production and the material of a penny. Keep up the search, and let us know if you find something promising.As you may have heard, the current costs for creating a penny far exceeds the actual value of it. While finding a genuine 1943 Bronze Cent is a rare case, some collectors over the years have been lucky! Even if you do not have success, you may have fun and learn something in the process. We may suggest having the coin authenticated by a grading service, such as PCGS or NGC, to determine the coin’s authenticity for certain. The best thing to do if you feel confident that your coin has an unaltered date and is not magnetic would be to send clear and detailed images to our coin experts here at Heritage for review. Over the years, many tricksters and counterfeiters have either created entirely fake pieces or have altered the dates of other cents-such as engraving a 1948 to look like a 1943-in order to fool collectors. While not sticking to a magnet is a very good sign, unfortunately, this is not a guarantee that the 1943-dated piece is a genuine bronze example from that year. However, if your 1943 Cent does NOT stick to a magnet, this coin may possibly be genuine and should be researched further. If the coin is magnetic, then it is, unfortunately, the common steel version and is not valuable in most cases. 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. Approximately 10 to 20 pieces are believed to exist today, making these pieces both rare and valuable to collectors. While there was no official record of any copper (bronze) cents being made that year, a few were accidentally struck when some remaining coin blanks from the prior year remained in the bins at the Mint alongside the new steel planchets. While the steel version is so easy to locate, it is the bronze version which became rare when it was produced in error. As you might notice from these figures, 1943 steel cents, in general, are very, very common. Not only was the composition changed to a whitish-colored metal for just one year, but enormous quantities were produced! The San Francisco Mint minted 191,550,000 coins, Denver made 217,660,000, and Philadelphia produced 84,628,670. The US Mint responded by using zinc-coated steel to produce cents for change. During World War II, a major copper shortage occurred.
1943 steel penny no mint mark how to#
If you would like to know how to tell if your 1943 Cent is valuable, gather your change jar, and let’s begin.īefore we go into how to authenticate your 1943 Bronze Cent, it is important to know about the two types of Lincoln Cents minted that year. Such exciting news always results in a flurry of hopeful people scouring their change, hoping to find the winning coin. Heritage Auctions sold this piece recently for $204,000 in January 2019, which resulted in significant excitement from collectors and the public alike. Perhaps you noticed this on television, online, or even heard about it on the radio.
1943 steel penny no mint mark free#
Coins - Collecting Guide by Sarah Millerĭid you see the famous 1943 Bronze Discovery Cent, found by a teenager in the 1940s, in the news recently? Buy, Value or Appraise Your US Coinsīid or buy US coins for sale, value your item, or request a free appraisal to sell your collection.
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