The steel cents were often confused with the dime, causing some folks to lose 9 cents (or more) in a cash transaction. Most probably created by accident, this off-metal error coin relates to WWII. Prices are slightly higher than 1944 P pennies (no mint mark). A03180. The weight is listed at 2.9 grams, a touch heavier than some other 1944-D steel cents but within tolerance. This global conflict saw the United States military's involvement from 1941 through 1945. } The record price for a 1943 copper Lincoln penny is over $1.7 million at auction in 2010. But the initials VDB only appear on the obverse, at the cut-off of Lincolns shoulder. Otherwise, non-error steel cents are not in themselves rare. "acceptedAnswer": { The zinc was meant to aid the coins rust resistance since iron is so susceptible to oxidation and corrosion (aka rust). His column for CoinWeek, The Coin Analyst, covers U.S. and world coins and precious metals. The coin was submitted for auction by Heritage Auctions of Dallas, Texas, the third largest auction in the world. (see Pics). "name": " How much is a 1944 steel penny worth? Here's How to Test Your Silver & Gold, Buffalo Nickel (19131938): Values & History, Mercury Dime (19161945): Values & History, Washington Quarters: Key Dates & Varieties. It was the first coin manufactured in steel by the United States Mint. Thus, alternative metals were considered for minting coins. "text": "The 1944 penny is rare simply due to the fact that not many were made in the first place." 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. Sorry, if the penny fails to stick to a magnet, its a fake. This theory suggests that when standard 1944 bronze coins were being coined, the handful of 1944 steel planchets that remained jammed in the minting machines got minted and mixed into regular bronze cents. If you choose eBay, remember to set a minimum price that is higher or at the very least equal to the face value of the coin - or you'll make a loss. Assay Office. note: This article is periodically updated to reflect the current price of most valuable coins. "@type": "Question", } Alternatively, you could use a magnet to check out the steel content contained within. PCGS.com is also a solid rare coin sales destination online. How much a steel penny is worth is very dependent on the condition of the coin. 1) 1943 copper composition ( not magnetic, red copper colour) $300,000 Learn more. Heritage has sold several such coins over the years. Whether its an error penny, variety penny, or key date penny, the pennies worth money are often worth big money - and Im here to show you what to look for via a discussion of where the error or variety is on the coin and then close up pictures of it. !, W/H COA & STAND! $5.20. Important redesigns and alterations were affected by Lincolns birthdays as well. Margeauxscoins. At EF 40, the coin sells for just under $400,000, while an MS 60 could earn close to $750,000. The coin comes with the text "In God We Trust" alongside the top of the piece, and "Liberty" on the left hand side. 1962 D US One Cent - $4,000 United States Penny sold at auction DC Coin World 84.9K subscribers Subscribe 557 40K views 3 years ago In this video we look at the 1962 D US One Cent. Has Wear And Signs Of Use. Good condition $49.00 + $4.50 shipping 1964 D Lincoln Penny RARE L Liberty on edge Error $1,800.00 + $4.70 shipping Hover to zoom Image not available Have one to sell? 4.) Theres only one mint type for the 1944 Steel Penny. 4- Silver bullion Round 2015. Others claim the steel pennies were made using the planchets of Belgian 2-Franc coins minted in Philadelphia that year. 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?) Steel pennies have helped spark numismatic interests in folks who otherwise may not have become coin collectors. More than four million coins are said to have been minted by the Denver Colorado Mint in 1969. These zinc-coated steel planchets represented an efficient and affordable way to make the 1943 pennies while rationing copper for the war effort. He brought the coin to two dealers, who found no reason to doubt it, and from there it went to Walter Breen, the most prominent authenticator of the time, who pronounced it genuine.. There are probably more in original rolls but getting harder to find. I have a 1944 D penny which appears to be steel plus something else but does not stick to a magnet. Captcha failed to load. 1994 Steel Penny Investment Rating: 94 out of 100. 1970 PDS Us. 21 sold. After all, low-grade coins with valid errors could score hundreds of dollars! This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63. The 1964-D is common in circulated grades up to MS64. As it was produced in error, theres only one mint type for the 1944 Steel Penny. In July an AU example garnered $23,000, and an AU-53 coin sold last January for $37,375. That year was planned as the only year when pennies would have zero copper in them. Transitional errors can happen when a coin's composition changes, but the old dies are used. The Buffalo Nickels is the king of kings in natural beauty and is one of the prettiest U.S. coins ever struck. While 1943 copper cents weigh about 3.11 grams and don't stick to a magnet, the more common steel cents (which weigh 2.7 grams) adhere to a magnet. Here you can see 2020 prices in different grades: It is not difficult to find the 1943 Denver Lincoln Steel Penny in medium or even high qualities. Set where you live, what language you speak, and the currency you use. 1943 Lincoln Wheat cent, steel composition. 1978. Send me exclusive offers, unique gift ideas, and personalized tips for shopping and selling on Etsy. When she spoke to Mr. Estes, he asked if a magnet attracted the coin, and she said it did. But for the record, steel cents or zinc-coated pennies are not mint errors. Other coins that have the same coloration include silver, nickel, tin, and zinc-laced coins. (Right now, the government loses money on every penny it issues. Zinc, silver, tin, and nickel coins barely respond. If the coin has an error, or is certified this will further add to the appeal and raise it's price numismatically speaking. Due to the above reasons, they switched to the Wheat Penny composition of 95 percent copper and 5 percent zinc. The 1969 D penny coins are worth around $12 if they're in a mint certified state, according to Cointrackers. Finding flaws in the 1944 Steel Penny is surprisingly difficult because so few samples exist. I think they are steel how do i know what they are worth? *by JM Bullion 1943 D Penny Value In 1943, 217,660,000 pennies came out from the Denver mint. Earlier sources listed all the 1944 steel cents as errors because the pennies were intended to return to their 95% copper content that year. Find this page useful? Only the 1943 pennies were planned in steel. (30% off), Keep collections to yourself or inspire other shoppers! Interestingly, some 1943 steel cents were actually tin cents and had no iron in them. } DONALD TRUMP "45TH PRESIDENT" COLORIZED IKE EISENHOWER $1 COIN. Some of the technologies we use are necessary for critical functions like security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and to make the site work correctly for browsing and transactions. The 1944 steel penny is a mistake, but its a wonderful one, and the reason for its existence in history is vital for the U.S. and the world itself. Because copper was considered a strategic metal during World War II, there was an effort to find an alternative metal to produce pennies. If you happen to spot one in your wallet or down the back of your sofa, keep in mind that the coin is only worth what someone is willing to pay. But why were these odd coins made, what are they worth, and how does a hobbyist go about collecting 1943 steel cents? Your email address will not be published. POP TIL YOU DROP WATER DOWN SAY GOODBYE SO LONG Six discontinued frozen foods from Trader Joe's you'll never see again I found a 1944 and decided to clean it for fun. Will you please contact me at the address listed with any information you have available. At least a portion of this brass was obtained from salvaged cartridge cases, which did the job nicely. Often they are reprocessed (stripped and recoated) pieces assembled in plastic display cases. Start by weighing the coin. "@type": "Answer", It was also susceptible to rust, which leads to issues with the overall condition in the present day. Best of luck finding one of these awesome 1964 pennies. Their rarity is one reason they're so expensive, but it's also down to the coin's composition. In 1944, only 7 steel pennies are known to exist with the D mint mark. 1959 Wheat Penny Value Guides (Rare Errors, D, and No Mint Mark), 1983 Penny Value Guides (Rare Errors, D, S and No Mint Mark). These coins traditionally consisted mostly of copper and nickel. And. please explain? Not sure what they r worth. In 1943, at least one coin was 86.41% tin, 1.75% copper, 8.37% antimony, and 1.02% vanadium. 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. A copy of the 1944 Lincoln Steel Penny MS64 was auctioned off in 2013 for a price of $158,625. These coins recently sold for $325 and $1,801 respectively, but they bear no mintmark. . At the same time, residents were feeling the economic pinch, so they hoarded specie coins (gold and silver), melting them for bullion. Free shipping. I will get to it I found a 1943 steel s in mint condition, I investigated it well I know what I have but how to handle it ,I am 73 years old living a little over being poor. Coleccionistasdemonedas.com Estimated Value of 1943 Steel Penny today is: How To Tell If You Have One Too? Visit eBays rare coins and search 1994 Steel Penny. This was accomplished by using copper shell casings gathered from military training facilities. 1943 d steel penny uncirculated | Coins & Paper Money, Coins: US, Small Cents | eBay! Do you have a 1944 Steel Penny or any rare coin but dont know the value? "acceptedAnswer": { More of these steel coins have popped up in recent years, so more errors may be listed and discovered. A 1964 D penny is worth between 2 USD and 5,000 USD. In MS 63, the highest recorded selling price was over $1.1M. 1964 D Rare Penny AU Very good condition. A great coin with a great story behind it and the documentation to prove it.. A 1944 steel penny looks like an ordinary penny, besides the fact the color is NOT copper and looks much close to a dime. Plus, people often mixed them up with dimes (10c). 3 D Steel Pennies And 3 Steel Pennies With No Mint Marks. It Does Cling To A Magnet. The PCGS certifying company has graduated only 3 pieces of 1943 Lincoln Steel Penny in MS68+ grade from Philadelphia, 2 pieces for Denver and 5 pieces for San Francisco. Currently, the prices of rare coins and metals (aka hard assets) are at a fraction of their all-time highs. The 3rd U.S. President Thomas Jefferson is proudly displayed on the United States Nickel (5 cent piece). According to Heritage Auctions, It was his habit to swap a regular cent for a steel cent whenever he found one in change. The 1943 copper penny is extremely rare and valuable. It will give you an idea of the amount of money that the coin is going for. Many years ago, a false rumor spread around the country that Henry Ford would trade a new car in exchange for the fabled 1943 copper!. Grading a 1943 Steel Penny Obviously, condition has a huge effect on the 1943 penny values. I have a 1943 steel penny want to get it appraised. A coin in average condition has an estimated value of at least $77,000. Something went wrong. The substitute proved unsatisfactory, and from 1944 through 1946 the Mint instead used the brass alloy first tried in 1942; this lacked the small percentage of tin employed before and after the war. } Therefore, the Lincoln cent and Jefferson nickel became prime targets for temporary but necessary metallic alterations. 1944 S Steel Penny Value 1944 S Steel Pennies are the rarest of the bunch, with only 2 known copies. 3 1943 S Steel Pennies from SHARK AUCTION. The 1943 steel cents are quite common, and more than 1 billion were struck for circulation. I have a 1943 wheat penny with no mint mark on it and I want to know how much is it worth? Typical examples in uncirculated condition usually realize $1 to $5. , its a great choice if youre looking for a solid investment piece that will likely retain value in the long term. The publics rejection of the 1943 Steel Lincoln Penny. If you do NOT already have 1944 in your coin investment portfolio, make a chance now! Each of the two 1944 pennies could be worth around $5 or more, depending on their condition. "name": " Why is the 1944 steel penny so valuable? Value How much is a 1964 penny worth? 2005 S. Gold One dollar Sacagawea by Littleton Coin Company. Japan | English (US) | (JPY), remembering account, browser, and regional preferences, remembering privacy and security settings, personalized search, content, and recommendations, helping sellers understand their audience, showing relevant, targeted ads on and off Etsy. Click here to Learn How to use Coin Price Charts. Lets look at these silver-colored coins and find out what theyre worth today. Based on various factors. Steve Estes (http://www.steveestes.com) is a Portland, Oregon dealer who has in been in business since 1963, and who specializes in classic American coins, especially Morgan and Peace dollars. 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 Try using a different browser or disabling ad blockers. So the mint switched to steel coins for a year. + C $1.25 shipping. Penny was likely readily adopted because the previous coinage in Canada (up to 1858) was the British monetary system, where Canada used British . } They range substantially in grade and have sold for sums that vary from $7700 for an AU coin in 1996 to $115,000 for the finest quality example, an MS63 that sold at auction in 2007. If the coin has an error, or is certified this will further add to the appeal and raise it's price numismatically speaking. Lets dig deeper to mine the precious secrets of 1944 Steel Penny Value. I also have 1943 steel penny with no mint. Guide, 1943 Walking Liberty Half Dollar Value & Buyers Guide. Fewer than a dozen of either have been authenticated, though ten-thousands of forgeries exist of the 1943 bronze.. Valuable pennies to look for! I have a 1943 steel wheat penny that Id like to check the value on. i came across a what i thought was just a token but after intensive research,it comes to be a 1785 bar cent,please advise me how to get it authenicated and graded.thanks kenneth. Yes! Is the Coin Market Sleeping on Fairmont Collection Gold Coins? and new product arrivals. That common misperception likely stems from the popularity of the well-known 1943 bronze cents. Theyre visually similar but the tin cents are slightly heavier and will not respond to magnets. Does anyone think the mint will change the composition of the penny again? Both are quite rare and valuable.