Eventually, they decided to use steel to make the pennies in 1943. About 40 copper pennies were struck in 1943. One possible reason for this is because the copper plates were accidentally left in a few machines. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more.
It turns out that people commonly confused steel pennies with dimes and they wreaked havoc on magnet-based vending machines. One possible reason for this is because the copper plates were accidentally left in a few machines. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more.
How much is a 1943 wartime steel penny worth?
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.
Which is better a 1943 steel penny or a copper penny?
This is why the 1943 Lincoln Steel Penny is usually better minted than its copper brothers. The 1943 Lincoln Steel Penny was cast at three mints: Philadelphia (no mint mark), Denver (“D”) and San Francisco (“S”). The quantities produced for that year of 1943 at the various mints were: Philadelphia: 684,628,670 units.
Which is more valuable copper or wheat penny?
In addition to copper, wheat cents also contain a small amount of tin- about 1% or less of the total metal content. These coins have more numismatic value, and are therefore more valuable than the Lincoln Memorial copper cents.
Why is a penny worth more than one cent?
Why the Copper Penny Is Worth More Than One Cent 1 The Copper and Zinc in a Penny. A pre-1982 penny consists of 95% copper and 5% zinc. 2 Calculating the Penny’s Meltdown Price. 3 Buying Pennies. 4 A Warning About Legality. 5 Collecting and Storing Pennies. …
What’s the price of a post war wheat penny?
Post-Great War, given their mass production, there are few that cost more than $1. These price ranges apply mostly to coins minted in Philadelphia and San Francisco. The Denver Mint’s production numbers were significantly lower, and therefore coins marked with a ‘D’ can fetch much higher prices than their more common contemporaries.
