There were well more than 330,000,000 Lincoln pennies struck at the Philadelphia mint in 1955, but only a tiny fraction of these received the significant doubling of the obverse design which warranted the attention and popularity the coin has since received. Millions collect them, and they have been highly popular with coin collectors of all ages and incomes for decades. After the war ended, the Mint began to produce copper pennies again. However, in 1943, the Mint produced a few copper pennies. In this instance, coin experts believe that planchets from the previous year (1942) which were made of bronze were still lingering in the production process. In 1943, the U.S. Mint struck pennies out of steel to help ration copper for military purposes. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. Much activity goes on in these facilities that enable them to produce billions of coins every year. However, some bronze planchets left over from 1942 slipped into the production process. Filed Under: Hobbies & Crafts, Rare U.S. the U.S. was in a bit of a copper shortage, the U.S. Mint used glass to produce some pennies, About 40 copper pennies were struck in 1943, the copper plates were accidentally left in a few machines, detect if your 1943 penny is made out of copper is by using a magnet. The San Francisco mint struck only 866,000 Lincoln pennies that year, creating what many collectors would later regard a very important and eventually pricey “key” Lincoln cent. Copper Penny Counterfeits. 1931-S Lincoln pennies currently sell for at least $100 in the lowest collector grades. (initials of the designer) wheat penny easily commands $750 even in the lowest of collector grades. In 1943, the U.S. was in a bit of a copper shortage. That’s what happened when a small number of the 7,160,000 Lincoln wheat pennies the Denver mint produced in 1922 never received a “D” under the date on their cents thanks to a problem with the die. The counterfeit coins were originally introduced as a novelty item, but some have remained in circulation. If the penny sticks to the magnet, it is made out of steel — not copper. Definitions, Translations, and Word of the Day. The reasons for this are because of the costs of production and the material of a penny. Any non-defense product that used copper, including pennies, needed to find a copper substitute. By the way, the 1943 steel Lincoln penny is not at all a rare — or even scarce — coin. 1943 Copper Penny - Is Yours Genuine or Fake? It turns out that people commonly confused steel pennies with dimes and they wreaked havoc on magnet-based vending machines. My love for coins began when I was 11 years old. Since Lincoln cents are one of the most collected United States coins, demand for them is extensive. You can opt-out at any time. Collector demand is quite high for the 1909-S wheat penny, which can bring in at least $100. When a law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. I'm also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). The 1914-D Lincoln cent is one of those penny rarities which just keeps getting more expensive with time. One possible reason for this is because the copper plates were accidentally left in a few machines. But for many decades, the penny was actually made out of other materials like copper. As he held it he reminisced about the 1943 'copper' Lincoln cent he found in change when he was a youngster, but that turned out to be a fake," said Sperber. But that becomes more challenging with the dumping ... Definition.org is a leading digital reference platform providing the most comprehensive catalog of English definitions, spellings, synonyms, pronunciations, foreign translations, and example sentences. Update: In January 2019, a rare 1943 copper penny was sold at Heritage Auctions for $204,000. In 1943, the U.S. Mint struck pennies out of steel to help ration copper for military purposes. Make sure to check out our Word of the Day and Word Search features to stimulate your brain, increase your vocabulary, and impress your friends. The 1909-S (San Francisco) V.D.B. Lincoln Wheat Penny Key Dates, Rarities and Varieties, The 1943-S Copper Penny Found by Kenneth Wing, Man Finds $126,500 Penny in Fifty-Cent Roll of Coins. In fact, some 1943 bronze cents have been sold at auction for over $100,000. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000. When the United States Mint manufactures coins, they are produced within tight tolerances as defined by law. At first, the U.S. Mint used glass to produce some pennies. About 40 copper pennies were struck in 1943. Eventually, they decided to use steel to make the pennies in 1943. As the weather is getting more frigid, we depend on our cars to get us to our destination, hopefully without a hitch. The 1909-S VDB is one of the most popular rare coins from the modern era. In fact, some 1943 bronze cents have been sold at auction for over $100,000. I’ve also authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! Only 484,000 of these coins were struck. Everyday Household Items to Use for Clever Cold Weather Car Hacks. I primarily collect and study U.S. coins produced during the 20th century. However, some bronze planchets left over from 1942 slipped into the production process. I’m also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). While plentiful, they don’t have the dramatic raised doubling seen on the 1955 doubled dies which everyone is always talking about. Currently, a modern penny is made out of mostly zinc. "Mr. Simpson said, 'It's a beautiful coin.' Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Due to its value, some counterfeits were created with steel cores. Although it cannot be proven, another explanation for this error coin is that a mint employee purposefully struck a few 1943 pennies on bronze planchets. Beware, however, of regular 1922-D cents which have had their “D” mintmarks worn off by unscrupulous types. The way to detect if your 1943 penny is made out of copper is by using a magnet. Though an error coin (like the 1922 “plain” cent) the 1955 Doubled-Die obverse cent is nevertheless one of the most popular “rare” Lincoln pennies which, in some people’s minds, must be had in order to complete a collection of Lincoln wheat cents. Given the unusual look of a 1943 steel Lincoln cent, a 1943 Lincoln cent made out of bronze is one of the "Holy Grail" of Lincoln error collectors. If it sticks, it's not copper. The 1955 doubled die obverse starts selling at around $1,000 in the lowest grades. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. CBS News reports that another of the 1943 copper pennies sold for $1.7 million in 2010. These error coins are extremely rare and highly sought after by error coin collectors. Examples of the 1922-D wheat penny with no trace of the “D” evident can fetch over $400 in the lowest grades. My love for coins began when I was 11 years old. If you think you've found a 1943 Bronze Lincoln, the Mint suggests testing it with a magnet first. This change would help the U.S. win the war. Twelve of these pennies exist and a few of them are still in circulation, so it is worth keeping your eyes peeled for them. You have, in most cases, a popular rarity. 1931 was a lean year for Lincoln penny production in San Francisco. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc. However, that changed in World War II. According to a press release, it was successfully acquired by Legend after "determined negotiations" with an East Coast dealer representing the seller who is described only as "a long-time collector," according to Legend President Laura Sperber. However, some bronze planchets left over from 1942 slipped into the production process. Compounding the pressure of a highly collectible coin with the fact that there are only five known examples of a 1943-S Lincoln cent made in bronze, the price will skyrocket! However, a few 1943 Lincoln pennies wound up being struck in bronze, and these rare mistakes are worth a pretty penny indeed. What happens when a mintmark is supposed to be stamped on a coin but never gets there? I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. The winning bidder was Tom Caldwell of Concord, Massachusetts. I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. This is another 1909 San Francisco issue that is considered quite scarce. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc. We’ve seen people do some crazy things with pennies, but it turns out that there is a certain copper penny out there that could make you a small fortune of over $200,000 if you find it. Although this seemed like a great idea, the Mint soon regretted using steel as an alternative for pennies. Each production facilities of the United States Mint is a factory that produces coins for the United States of America. For more details, see our. With a mintage of 1,825,000, the 1909 S is a very scarce coin with many people clamoring to get a hold of one. With a little more than a million ever struck, the 1914-D usually commands over $200 in the lowest grades. We're here to help you master the English language. 1943 Bronze Wheat Penny. Ahead of the auction, experts said the penny could have fetched more than a million dollars. The MS62 coin is the finest of four known 1943-S bronze cents, and it is an upgrade to an example graded PCGS AU58 that was in Simpson's registry set. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000. I’m the Coin Editor here at TheFunTimesGuide. Although illegal, sometimes these do escape the security procedures of the Mint. However, a few 1943 Lincoln pennies wound up being struck in bronze, and these rare mistakes are worth a pretty penny indeed. It seems that copper was critically needed for the war effort.

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