Affluent Savvy
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How much is a 1943 D steel penny worth?

Value of a 1943 Steel Penny They are worth about 10 to 13 cents each in circulated condition and as much as 50 cents or more if uncirculated.

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Date & Mint Circulated Uncirculated Buy Sell Buy Sell 1943 Zinc $0.10 $0.06 $2.60 $1.90 1943-D Zinc $0.13 $0.09 $3.50 $2.40 1943-S Zinc $0.18 $0.12 $6.10 $4.50

A Flawed Manufacturing Process by the U.S. Mint

To help the war effort by eliminating copper from U.S. pennies, the United States Mint came up with a new metallic composition for the one-cent piece. They decided to use steel for the base metal and plate it with pure zinc. Unfortunately, zinc oxidizes over time and turns into a dull and dark gray color. Moisture came in contact with the coins as they circulated in commerce. The moisture caused the zinc coating to turn to an ugly blackish color. As the zinc coating wore off the steel core, the exposed steel underneath began to rust. The manufacturing process for producing the planchets was also flawed. Mint workers first rolled a sheet of steel to the proper thickness. Next, the steel sheet was plated with zinc and passed through a blanking press. The blanking press punched coin blanks punched out of it. The manufacturing process resulted in bare steel exposed on the edge of the coin. As moisture attacked the edge of the coin, it would rust regardless of the surface condition of the rest of the coin. Also, the public rejected this new coin. Some people got it confused with a dime that is almost the same size. As the coin began to circulate, it would turn ugly black, and the edges would rust. This caused problems with people's clothing leaving a rusting.

Valuable 1943 and 1944 Pennies

1943 Lincoln penny minted on a bronze planchet graded MS 63 red by PCGS Professional Coin Grading Service (PCGS) - www.pcgs.com There are a few very valuable error coins produced in 1943. Since the mint makes billions of coins annually, they use enormous totes to move them around the mint facility. As the totes moved from machine to machine, sometimes a blank from the last batch would get stuck in a crevice. Most numismatists believe that a few copper planchets from 1942 got caught in a gap in the tote. The coining press struck the copper planchets with the 1943 date. Philadelphia, Denver, and San Francisco all produced these ultra-rare 1943 copper pennies. In 1944 the mint switched back to using copper to produce the pennies. Once again, the totes contained a few zinc-coated steel planchets stuck in the crevices. The coining presses then produced 1944 pennies on zinc-coated steel planchets instead of bronze planchets. These errors are extremely rare, but if you think you might have a 1943 copper penny or a 1944 steel penny, here's how to find out if your 1943 copper penny is genuine. It may be one of the most valuable pennies ever!

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What year penny is worth millions?

The Most Expensive Penny The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.

The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all. Just 40 of the coins — probably created by accident, on copper-alloy one-cent blanks left in the presses in the wartime years when pennies were converted to steel — are known to exist. The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million. Their collection value makes 1943 copper pennies a prime target for counterfeiters: fakes are often made by coating steel cents with copper or altering the dates of 1945, 1948 and 1949 cents. How can you tell if your 1943 copper penny is real? Use a magnet. If the penny sticks, it's not copper. Better luck next time.

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