Please. "text": "A 1944 Steel Penny MS+ should go for more than $100,000." The woman shared additional information and documentation about the coin with Mr. Estes. Join us today for FREE! $13.00. Im fairly confident that if anyone has a 1943 silver coloured wheat penny thats magnetic, itll be the most common found thus worth 4-20 cents. With limited copies and the majority being worth tens of. Indeed, whether collected as part of a short set or incorporated into a larger run of Lincoln cents, the 1943 steel pennies are favorites among non-numismatists and veteran coin collectors alike. More about rare coins and coin values from the author: Are Silver & Gold Magnetic? Less than two dozen are known in MS67 condition with none being graded higher. ): 21 sold. The obverse (heads side) of the 1944 Steel Penny has a portrait of Abraham Lincoln, the 16th President of the United States. Its zinc-coated steel composition makes this coin resemble a dime more than a typical U.S. penny. This set is commonly sold in mass-market offerings. Without further ado, lets dissect the 1944 Steel Penny, including typical values, the history of the coin, and exactly why its worth so much in the first place. The 1943 steel cent was produced during the height of World War II. In its terms and conditions, eBay states that bidders enter a legally binding contract to purchase an item, but theres no way to enforce this rule. Due to its high economic value, it is a type of variant that is very falsified either by the copper plating of a 1943 Lincoln Steel Penny or by modifying the dates of the 1945, 1948 and 1949 Lincoln Pennies for the rarer date of 1943.For the first counterfeit (copper coating) a simple magnet will be enough to detect it since the 1943 Lincoln Steel Penny will attract to the magnet. The 1964-D is common in circulated grades up to MS64. For most years, the 1c coin was 95% copper with the remaining 5% being a mix of tin and zinc. Original Price 84,211 Send me exclusive offers, unique gift ideas, and personalized tips for shopping and selling on Etsy. MS67 The moral of this story is two-fold. Prior to the sale of this coin, the most recent sales (both by Heritage) of 1944-D steel cents were earlier in 2011. (10% off), Sale Price 14,000 note: This article is periodically updated to reflect the current price of most valuable coins. Yes! However, the chances of you possessing an actual 1974 aluminum penny are about one in a billion plus they are illegal to own. These coins recently sold for $325 and $1,801 respectively, but they bear no mintmark. DDO/DDR. What you think. Walking Liberty half dollars. I have a 1943 wheat penny with no mint mark on it and I want to know how much is it worth? To avoid this, many coins dated 1944 to 1946 were infused with copper from recycled brass shells. The coin was designed by Victor David Brenner. However, finding a Lincoln Steel Penny 1943 in grade MS68 or higher is a more difficult task if it comes from Philadelphia rather than either of the other two mints, so its value is higher in high quality. The 1944 steel penny is worth between $85,000 and $110,000, depending on its condition. Penny was likely readily adopted because the previous coinage in Canada (up to 1858) was the British monetary system, where Canada used British . According to Park Avenue Numismatics online Encyclopedia of U.S. coins , this effort resulted in the use of low-carbon steel coated with zinc, which quickly corroded; cents of this stuff were coined in 1943, and in 1944 some more accidentally coined on leftover steel banks, even as some 1943 cents had been coined on leftover 1942 bronze blanks. Hence, these are relatively common coins and are worth relatively little collector value in circulated grades. A dealer does not stay in business for almost 50 years unless he or she treats their customers well. "@type": "Answer", From Treasury Department San Francisco . On the other hand, the minting of steel coins was officially stopped in December 1943, so technically speaking, all the 1944 steel pennies can be counted as error coins. Because of their relative rarity, 1944 P Steel pennies fetch a premium. A coin in average condition has an estimated value of at least $77,000. ", You can also tell its a fake by simply looking at it. However, the government decided to drop steel cents by the end of 1943. If theres any value Im considering selling. Could someone tell me what I have? } 26,000, 37,143 JBCOINSINC 200K views 3 years ago 5 modern Lincoln cents worth over $1,000 that can be found in pocket change! Ron Guth: Iron coins react strongly and will let the magnet lift the coin. } Which 1943 steel penny is valuable? (The coin also didnt work well with existing vending machines.). So if you want to be sure your 1944 wheat penny is steel, test it with a magnet. But for the record, steel cents or zinc-coated pennies are not mint errors. If the coin has an error, or is certified this will further add to the appeal and raise it's price numismatically speaking. Currently, the prices of rare coins and metals (aka hard assets) are at a fraction of their all-time highs. DOLLARS IT LOOK LIKE (CC) UNDER THE EAGLE TAIL. Of course, when a penny is worth more than $85,000, you'd expect a few counterfeit examples to be floating around out there. In 1944, only 7 steel pennies are known to exist with the D mint mark. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. 2021. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 1944 Steel Penny Value Guides (Rare Errors, D, S and No Mint Mark), 1972 Penny Value Guides (Rare Errors, D, S, and No Mint Mark), 1943 Copper Penny Value Guides (Rare Errors, D, S, and No Mint Mark), 1973 Penny Value Guides (Rare Errors, D, S and No Mint Mark), 1964 Penny Value Guides (Rare Errors, D, SMS and No Mint Mark), 2009 Penny Log Cabin Value (Rare Errors, D and No Mint Mark), 1971 Penny Value Guides (Rare Errors, D, S and No Mint Mark), 1981 Penny Value Guides (Rare Errors, S, D & No Mint Mark), 1988 Penny Value Guides (Rare Errors, D, S & No Mint Mark), 1980 Half Dollar Value (Rare Errors, D, S & P Mint Marks), 1944 Nickel Value (Rare Errors, D, S & P Mint Marks), 1971 Quarter Value (Rare Errors, D, S & No Mint Marks), 1911 Wheat Penny Value (Rare Errors, D, S & No Mint Marks), 1979 Nickel Value (Rare Errors, D, S & No Mint Marks). The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. } COIN collectors could make a mint if they spot a rare penny in their wallet, with one coin recently selling for $2,010 on eBay. 1776 We Are One Continal Currancy large Coin "@type": "Question", I removed it, to look at, later. Start by weighing the coin. Grading a 1943 Steel Penny Obviously, condition has a huge effect on the 1943 penny values. 1943 Bronze composition (looks brown or red but magnetic) $? Top-level specimens in grades of Mint State-67 or better can go for much more, sometimes hundreds or even thousands of dollars. They differ in Suffix, Minor Variety, and Die Variety only. Free shipping. Hi Judith. Extremely rare ones like the 1964 SMS penny can fetch thousands of dollars if you find one. In the year 1944 something very similar happened but in reverse. A copy in certified mint state (MS+) condition could be worth $110,000 at auction. 1955 D/D in Date Other Areas. Multiple (8) PCGS MS67RDs. Year: 1964 Mint: D Type: Jefferson Nickel She explained that she had shown the coin to another local dealer who said the coin was probably not real and who offered to buy it for a token amount as a curiosity. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. This rare variant of the 1943 Philadelphia Lincoln Steel Penny consists of a double coinage on the back.The highest value obtained for this variant was $2,150 in 02/2020 for a piece in MS67 quality. It would help if you considered picking up these coins at a crack in quantities of 50 or more. Very few known specimens remain and its value, independently of the graduation, is of several hundreds of thousands of dollars. *by JM Bullion 1943 D Penny Value In 1943, 217,660,000 pennies came out from the Denver mint. . what is this mark lewis, I have the same penny that weighs 2.9 g how do I sell that please help me, Hits like 43 penny to a magnet with little rust. In MS65 they are a little harder to find but probably many still in original and even opened rolls. Most probably created by accident, this off-metal error coin relates to WWII. Transitional errors can happen when a coin's composition changes, but the old dies are used. Its thought that up to two dozen copies of the 1944 steel penny exist, but how was it made in the first place? in the field on the left) the word Liberty and on the right, the date and mint mark are inscribed, Denver or San Francisco. 1964 D Penny Errors Known 2- Close Stamped L-close A And M On America - $499.99. Save my name, email, and website in this browser for the next time I comment. A coin in average condition has an estimated value of at least $77,000. Most steel pennies are worth between 20 cents and 20 dollars. Turning off personalized advertising opts you out of these sales. Learn more in our Privacy Policy., Help Center, and Cookies & Similar Technologies Policy. When you come across a 1943 Lincoln Steel Penny, the first question that comes to mind is what was the reason for creating this type of valuable coin made of silver more like a dime than a penny. In MS 63, the highest recorded selling price was over $1.1M. And the four reverse designs from 2009 celebrated Lincolns bicentennial. But although they're all stamped 1964, close to 2B of these coins were produced in 1965. He has also worked for the U.S. Library of Congress and has been a syndicated columnist and news analyst on international affairs for a wide variety of newspapers and web sites. My mother had recently passed away and she was a collector of wheat pennies, I have over 1000, I came across a 1944 penny that appears to be steel and copper mix, it does not look copper or steel it appears like both, not sure if anyone had heard of this? They include 30 from Philadelphia (no mint mark), 7 from Denver (D Mint Mark), and 2 from San Francisco (S Mint Mark). He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. 1944 S Steel Pennies are the rarest of the bunch, with only 2 known copies. In MS67 it is one of the tougher dates from the 1960's especially from the Denver Mint. Top Rated Plus. Required fields are marked *. As for the legends on the coin, In God We Trust is above his head while Liberty sits behind his neck. First, weigh the coin. 1959 Wheat Penny Value Guides (Rare Errors, D, and No Mint Mark), 1983 Penny Value Guides (Rare Errors, D, S and No Mint Mark). It may also help to know where these 1944 steel cents came from. Learn how to tell if you have one too. Please email value@coinvalueinvestor.com to receive an estimated price. ; Watch Out For Counterfeits. Please include 2 photos when making a value request. 10 Most Valuable Wheat Pennies Worth In 2023, 1981 Quarter Value, Error List, & Investment Outlook, 1957 D Wheat Penny Buyers Guide, Value, Errors, 1944 Steel Penny Value, Best Grades, Mint Types, 2021 Morgan Silver Dollar Value, Release Date, Mint Mark, 1951 D Wheat Penny Value, Top Varieties, Errors, & Outlook, 1928 Buffalo Nickel Value, Mint Types, Errors, 1920 Wheat Penny Value (No Mint Mark?) In 1944, the Philadelphia Mint only made 30 steel pennies. 1964 Penny Value and Price Chart The 1964 penny value has a minimum of $0.15 regardless of whether it carries a mint mark or not. I found a 1964 Silver in Color Lincoln Penny with all my 1943 Steels , Come to find out its a Rare 1964 D, On a Dime Clad Planchet . Because the front of the Lincoln Cent is always Abraham Lincoln, the coins are more often identified by their back imagery. A coin in average condition has an estimated value of at least $77,000. Both these coins were Wheat Pennies, so they had Lincoln on the front and two wheat sheaves at the back. In 2021 it was updated taking a more modern approach to things. It sounds like a case of po-tay-toh po-tah-tow, but there you go! "acceptedAnswer": { This indicated the coin was made of steel rather than copper like most 1944-D cents. This penny has visible doubling on the front of the coin. This is the rule with an exception made for wartime nickels minted from 1942-1945. Very rare I thought.Maybe you might be interested? In 1943, at least one coin was 86.41% tin, 1.75% copper, 8.37% antimony, and 1.02% vanadium. 1943 Jefferson Nickel struck on a steel cent planchet. ", Email ID@coinvalueinvestor.com, and we will attempt to ID the coin and provide an estimated value. The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. Free shipping. View cart for details. However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000. The coin comes with the text "In God We Trust" alongside the top of the piece, and "Liberty" on the left hand side. 1964-D 1964 D Lincoln Memorial Cent Copper Alloy Penny Mintage: 3,799,071,500 Minted at: Denver Designer - Engraver: Frank Gasparro Metal Composition: 95% Copper - 5% Tin and Zinc Diameter: 19 mm Mass / Weight: 3.11 grams What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc. At the same time, residents were feeling the economic pinch, so they hoarded specie coins (gold and silver), melting them for bullion. 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 Pennies via the advanced search. The coin was submitted for auction by Heritage Auctions of Dallas, Texas, the third largest auction in the world. Great! In MS65 they are a little harder to find but probably many still in original and even opened rolls. A03180. The process happened on the planchet sheet the blank sheet that gets cut into discs for minting coins. The Buffalo Nickels is the king of kings in natural beauty and is one of the prettiest U.S. coins ever struck. Mint and a Rare S over S RPM Lincoln Error Cents a Big Set of all different Coins . note: This article is periodically updated to reflect the current value of 1943 steel cents. In 2014 an AU55 specimen was auctioned for $329,000. 1943 D American Steel Lincoln Wheat Cent Uncirculated Denver Mint Penny. Original Price 37,143 1964 Penny Series 1) 1964 Penny With No Mint Mark Type: Lincoln Penny Year: 1964 Face Value: $0.01 Composition: 95% copper, 5% zinc Total Weight: 3.11 grams (or over) Diameter: 0.750 in. DONALD TRUMP "45TH PRESIDENT" COLORIZED IKE EISENHOWER $1 COIN. The rest were steel. Take full advantage of our site features by enabling JavaScript. At EF 40, the coin sells for just under $400,000, while an MS 60 could earn close to $750,000. The circulated one cent coin is a so-called D penny from 1969, featuring 16th PresidentAbraham Lincoln. It weighed 3.11g instead of the expected 2.7g. In 1943, this mint produced 191,500,000 pennies, and it was the lowest production that particular year. "acceptedAnswer": { Underneith the 943 there are the number 4. if anyone can help me, please send me an e mail thanks,the penny does stick to a magnet, k.c. Wrong planchet errors are very rare and the odds are against it! Since the coins were coated before minting, their edges quickly rusted in peoples hands. In other words, you're not guaranteed to get thousands if you have a similar one. So when steel pennies popped up marked 1944, they attracted interest among collectors, resellers, and speculators. 1964 Lincoln penny Monster toned . I have two 1944 penny's one with D mint one with no mint. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. i have a 1944 d white steel wheat penny my father left a big lunch pale full of mexican coins u.s coins queen elizabeth coins that he would save before my father died. { Heritage has sold several such coins over the years. Likely, a few steel planchets (a plain metal disc used to create a coin) were leftover from 43, when steel was briefly used for coins. The tin cents may have been part of the test batches. PCGS puts the number at seven and has only certified one example, an MS 62. After just one year, in 1944 the US Mint resumed using a copper-based composition for the Lincoln cent. The most cost-effective replacement metal for the Lincoln penny was determined to be a 99% steel planchet with a thin layer of zinc plating. BONUS: To assist our loyal readers in obtainingmaximum return on investment(ROI) wheninvesting in rare coins, we will provide the optimal coin grades when recommending an asset (i.e., MS61, MS64). So the one that is worth so much, does it have to stick to be the real deal? Assay Office. If you do have one, it would be worth tens of thousands of dollars. The diameter remained 19.05 mm and the portrait of Abraham Lincoln stayed the same. Theres only one mint type for the 1944 Steel Penny. When you start looking at perfect mint state versions of this coin with all five steps on the reverse of the Monticello the price rises steeply. You can either choose to sell the coin on eBay or through a specialist site such as Coinappraiser or USA Coin Book. Hello, I have The 1943 copper penny is extremely rare and valuable. The value is around $0.30 in uncirculated condition with a grade of MS-65RD. According to USA Coin Book, about 40 steel pennies were minted in 1944. I am in the process of it being sent to pcgs. More than two billion of these bad boys were made, but the exact amount is unknown. Turning off the personalized advertising setting wont stop you from seeing Etsy ads or impact Etsy's own personalization technologies, but it may make the ads you see less relevant or more repetitive. Click here to Learn How to use Coin Price Charts. Their rarity is one reason they're so expensive, but it's also down to the coin's composition. Due to the vast sums they sell for, theres a not-insignificant black market, with several fakes and forgeries being sold at any time. Finding flaws in the 1944 Steel Penny is surprisingly difficult because so few samples exist. The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. "@type": "Question", If you have one in an MS 68 rating, you can sell it for $3,500. As always, do your research and find a dealer who knows the type of coin you think you have, and look for someone like Mr. Estes who has a reputation for honesty and integrity. The weight is listed at 2.9 grams, a touch heavier than some other 1944-D steel cents but within tolerance. First of all, get some scales ready! . 1943 D Lincoln Wheat Cent/ Penny ** ww2 steel war Cent * (#255985247490) See all feedback. Next, use a magnet. $0.99. Ok so I have a steel 1943 s steel penny in great condition and it sticks to magnetics so is it worth anything. I have a 1943 s penny it has 2 mint marks both s cant find out anything about it help please, I have a couple 1943 steel that have the 1943 mercury dime front and back not full coin print but a lot.the marks there you can see. We Searched And Found It To Be Valuable. An Oregon woman contacted Mr. Estes a couple of months ago about a 1944-D steel cent she had inherited. I have a 1944-d penny that seems to be steel by the coloralthough is discolored and appears to have some spots of corrosion. Would THIS COIN BE IN THE NEIBORHOOD OF A ZINC PLANCHET LIKE THE ELUSIVE 1943 COPPER PENNY. 2017 CANADA $25 FOOTBALL SILVER COIN ORIGINAL BOX & CoA CURVED COIN TRUSTED . Its dimensions devices and edges are similar to its siblings from other years. , its a great choice if youre looking for a solid investment piece that will likely retain value in the long term. Theyre official coins made with permission from Congress and were all coined in 1943 and 1944. Lots of coin dealers list steel coins themselves as errors, but that was fully mint-sanctioned. Wed stick to graded options with clear provenance and be wary, especially if a deal seems too good to be true. Mr. Estes sent the coin to NGC for grading, and it came back as an MS61. After all, low-grade coins with valid errors could score hundreds of dollars! Broken down by each mint, the individual mintages are as follows: 1943 Philadelphia Mint cents 684,628,670. I have a 1943 I want to say its missing clad layer but it looks dark rustic but can still see detail and olny weight 2.63?? Learn more. Lets check its specifications. Since the main material that made up the coin was steel, new dies had to be used and changed from time to time because the hardness of the steel soon wore them out. Most 1944 Wheat Pennies are bronze (95% copper), but counterfeits might be coated with nickel or zinc to mimic steel. I Have a 1955 L.M.Penny 1C STRUCK ON TAPERED BLANK WEIGHT 2.69 GRAMS EF 45 THAT WAS CERTIFIED BY ANACS. It is possible that this coin may be a wrong planchet/wrong metal error.This would be a coin struck on a planchet intended for another (probably foreign) issue. I just submitted to Great Collections a 1943 steel penny. THANK YOU A E Turgeon. The steel used on these coins was fairly low grade, infused with carbon, and topped with zinc to add a touch of luxury. please explain? Memorial Cents arrived on 12th February 1959, marking the 150th anniversary of his birth. Free shipping. I don't understand what you mean , my comment is awaiting moderation. It weighed 2.79 grams? This unusual-looking Lincoln Wheat cent is unlike any other United States one-cent coin. In MS 66, one of these 1944 S Steel Pennies sold for over $370,000. Now covering; Cryptocurrencies, Precious Metals, and even World Coins. Im starting a new series every other week highlighting a different coin you may find in pocket change or in a collection worth money. "text": "The 1944 steel penny is so valuable because the 1943 and 1944 pennies are the only ones to be made out of steel, therefore, being coins that are pennies!" It was my first major coin purchase. Letter of Authintic American Mint . 123 sold. Graduations higher than MS67 are rarer and more highly rated. Also can i get it cross over from another company to weight it,because when i weighed it my self at home,it weighed 2.7 grams. Based on various factors. Wartime Nickels mint mark is on the reverse top center, only wartime nickels have an actual P mark. And Is it such a error? In 1943 steel was used to make pennies, instead of copper, because copper was needed for the U.S. war effort. It does stick to a magnet. On Back Right to Bear Arms with Cannon. But starting in 1942, experimental coins were being developed to save on war metals. Many coin collectors include the various 1943 pennies among their larger collections of Lincoln cents. 1964 lincoln Penny - D - Rare BobCollectionsGalore $125.00 FREE shipping 1964 d Lincoln rare L close to edge helpercoin $750.00 1964 Jefferson 90% Silver / error coin highvintagecoin $770.89 FREE shipping Vintage Collection - Canada Penny 1964 Coin & Money (Code #1) - Maple Leaf, Queen Elizabeth SewingMemere (354) $77.09 The S-marked penny comes from the San Francisco mint. Email us at exclusive@the-sun.com or call 212 416 4552. When it comes to evaluating 1943 Lincoln cents, the duo of a magnet and gram scale has broken many hearts and burst many bubbles over the years. Louis Golino is a coin collector and numismatic writer, whose articles on coins have appeared in Coin World, Numismatic News, and a number of different coin web sites.