It uses electricity and can be done right at home. Please enter your email address. If your penny has a copper colored appearance, here is how you can authenticate it and tell if it is a genuine 1943 solid copper penny or a fake one. Here is how to determine if your coin is worth $1 or $100,000. Copper-plated steel cents will exhibit a strong magnetic attraction. Steel cents weigh 2.702 grams. There are two version of the United States 1943 penny: 1) 1943 Steel Cent minted during the World War II copper shortage era. These coins are, for example, 1948 pennies with half the 8 rubbed down to look like a 3, or copper-plated steel pennies home made to look like they were the original. Password Click below to see a 1943 Copper Penny on eBay for sale right now. Mintage Quantity: Unknown though approximately 40-50 have been found. Steel 1943 pennies has the color and make of the photograph on the left, while a wheat cent copper penny will have the coloring and make of the photograph on the right. | Privacy Policy. The top right image shows a common steel cent that someone has coated to make it appear bronze. 40 1943 copper-alloy cents are known to remain in existence. Coin experts speculate that they were struck by accident when copper-alloy 1-cent blanks remained in the press hopper when production began on the new steel pennies. A penny from 1943 minted that year was made out of steel with a zinc coating. Do you have a 1943 penny? How much is a 1943 Steel Penny worth? The rarity of these copper pennies led to being a majorly sought after coin collector item. By putting Lincoln on the penny, Roosevelt felt that he honored Lincoln’s presidential term and legacy. Fortunately, the price of … – A common 1943 steel cent weighs 2.7 grams, while the rare bronze one would click in at approximately 3.1 grams. What is a 1943 i penny worth? In the past, pennies have been made of 100% copper and bronze. There is perhaps no other coin in American history that is more discussed and has broken more hearts than the 1943 penny. Home » Coinappraiser.com Blog » US Coins » The Truth About 1943 Steel and Bronze Copper Wheat Penny Values. Metacritic. Collectors knew at least as early as 1944 that some authentic 1943 bronze pennies were minted and released into circulation. Learn more about your silver-colored 1943 Steel Penny. The Lincoln cent is not just any copper penny. Not only do vending machines have fraud detecting magnets, but so do coin sorters at banking institutions. Metal make-up content: Typical copper cent 95% copper and 5% zinc. You can read a news article from 1960 stating these rare copper cents do not exist. Weighs less than 3 grams – 1943 copper pennies weigh about 3.11 grams, while the … As a result, steel pennies have a pretty good value ranging easily up into the ten cents per cent area, making them worth more than 1000% of their original face value. One example is taking a 1943 steel penny and copper plating it with copper alloy. Tech Republic. The 1943 copper penny can be worth a million dollars as an extremely rare and sought after collectible coin. Consequently, in 1942 the Mint seized producing copper cents and by 1943, the U.S. Mint began producing steel cents for the first and only time in it's entire history. Step2: See If The Penny Has Had Its Date Altered To 1943 What does your 1943 cent weigh? Pennies made of 95% copper and 5% zinc is sometimes referred to as brass or bronze. Solid copper pennies weigh 3.11 grams (+/- 0.130 g.), whereas the copper plated zinc pennies weigh only 2.5 grams (+/- 0.100 g.). People don’t like to believe something so old could have so little value, but it is true. The 1943-S Copper Penny Found by Kenneth Wing Type: Copper Wheat Penny Year: 1943 Mint Mark: No mint mark Face Value: 0.01 USD Total Produced: 0 [ Silver Content: 0% Numismatic Value: $60047 to $85782.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $60047, while one in certified mint state (MS+) condition could bring as much as $85,782 at auction. Bronze pennies are another name for being made of copper. The steel pennies would get “stuck” to magnets during the sorting process and potentially get removed from circulation as a result of never making it back into circulation. Consider This Information: So while it is absolutely possible that a couple more could be out there waiting to be found, the odds of an authentic 1943 bronze cent being found at the flea market or in an uncle’s blue collector folder is virtually 0%. TV.com. Usted esta aquí: Inicio / Sin categoría / how much is a 1943 copper penny worth. Bill Simpson, a co-owner of the Texas Rangers, recently dropped $1 million on a rare 1943 penny sold by a coin dealer representing a long-time collector, ABC News reported. Type: Wheat Penny Year: 1943 Face Value: $0.01 Composition: 99% steel with a thin zinc coating Total Weight: 2.70 grams. The 1948 penny is another used coin to make a 1943 penny. Update: In January 2019, a rare 1943 copper penny was sold at Heritage Auctions for $204,000. You will receive a link to create a new password. It's a unique coin that weighs 2.7 grams. 2) 1943 Copper Penny minted with extreme rarity due to most likely leftover copper planchets (blanks) from 1942. PCGS No: 82709 If the magnet and penny attract and stick, that penny is definitely a fake. 1943 i Australian penny value. If you have made it this far then you are closer to the money, but don’t spend it just yet. A good technique to spot a fake 1943 copper penny is to test it with a magnet. An unworn 1943 zinc-coated steel cent weighs 2.7 gm. Even a small magnet will easily stick to any 1943 penny made of steel. Rusted coins are not just unpleasant to the eye, but the slow, inevitable mutilation/damage of the coin, forcing new ones to have to be minted just to replace them. 1943 S Lincoln Wheat Cent Penny is worth a few cents and are very common in circulated grades. The first thing to address is that 1943 steel cents are not at all rare. The million dollar penny, a 1943 copper S cent (minted from the San Francisco mint with copper alloy) was purchased by the Texas Rangers co-chairman Bob R. Simpson from Legend Numismatics. The mint mark, when present, can be found on the obverse side of the coin below the date. The reasoning why making pennies out of steel is a bad idea is because oxidization of zinc and rusting of steel. 1943 copper pennies are presumed “error” coins that were simply minted at the beginning of the year in 1943 using leftover copper planchets that were used in 1942. All rights reserved. The 1943 copper cent was produced at all three mints. So at this point the best thing to do is to take your coin to a dealer who can send it to NGC or PCGS for you. The US minted the 1943 steel penny with no mint mark and also the 1943 D steel penny and 1943 S steel penny. Take a 1948 copper penny and shaving off half the 8 making it appear to be a 3. Articles & Shopping. This is a very easy diagnostic to spot though. Ammunition required so much copper, the US Mint had to find an alternative source for the penny – thus the 1943 steel pennies. Authentic 1943 copper pennies have drastically increased in value over the years. The new color meant they were often mistaken for dimes. Unfortunately, because of the rarity and high value of the 1943 copper penny, many fraudulent coins have been made to pass as the 1943 copper penny. Back in the early 1970s, the rising price of copper was pushing the cost to make a penny over its face value of one cent. It is also the only US coin to not contain any copper whatsoever. Our operators are busy. Penny Weight Timeline. 1943 rare silver steel penny weighs 2.8 grams Discussion in ' US Coins Forum ' started by Brad Adams, Mar 1, 2020. Bottom line is, if it sticks to a magnet then you don’t have the rare version. Beware of fake counterfeits - as this is one of the most counterfeited of all US coins. Once they are confirmed as authentic then it will be very easy to get tens of thousands of dollars, or maybe even $100,000 or more. Ahead of the auction, experts said the penny could have fetched more than a million dollars. During the transition from 1942 to 1943, there were several copper planchets left over from 1942 and the Mint accidentally struck some of these copper planchets with 1943 dated dies. 1943 Copper Wheat Penny Weight. Values, images, mintages, and specifications for 1943 i penny coins from Australia The primary test for these is to use a magnet. There are a couple of big pieces of misinformation floating around that cause this to be a misunderstood coin. The most well known experimental cent is the 1943 steel penny. Steel 1943 pennies weigh just 2.7 grams each, lighter than the copper penny of 3.11 grams. These counterfeiters know the diagnostics of a fake and they are very good at making convincing versions that pass the magnet and weight test. If it doesn’t, there’s a chance it may be the rare copper penny, but it still must be tested for authenticity. The unique coin, not publicly known to exist until 1979, is certified PCGS MS64BN. Another notable experimental cent is the 1974 aluminum cent that weighs just 0.937 grams. 1943 Copper Wheat Penny Weight. This was because copper was heavily needed for war materials during World War II. Thankfully, there are several telltale signs to spotting a fake 1943 copper penny: Sticks to a magnet – if your 1943 penny does stick to a magnet, it’s really made from steel and is not rare. Rear is wheat stalks typical of Wheat cent or Wheatback penny. in this sale. The rare copper issues will not. Bad. The United States one-cent coin (symbol: ¢), often called the penny, is a unit of currency equaling one one-hundredth of a United States dollar.It has been the lowest-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).