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What steel pennies are rare?

Only one other date can be found with Zinc-coated Steel in addition to the 1943 year, and that's the 1944 steel piece. The 1944 no mintmark steel cent only has a reported mintage of 30, in comparison to more than one million minted in 1943. In 1943, a few bronze pennies were also minted.

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AMERICANS may be surprised to learn that steel pennies exist – and they could be quite valuable. The first US President Abraham Lincoln has been featured on the penny since 1909.

1 The S penny could be quite valuable in high grades

Generally, coins earn their value based on a low mintage, an error, or grade and condition. Some notable valuable coins in the Lincoln series include VDB, 1992, and 1914 pennies. The 1943 Lincoln penny, on the other hand, could be quite valuable as well – and even worth thousands in some cases.

We explain the penny below and what it’s worth.

What is the 1943 Lincoln steel penny?

In efforts to conserve bronze for World War II, the US mint made their pennies out of steel. “Demand for copper escalated in World War II because of its use in weapons and assorted other items necessary to prosecute the war effectively,” Ron Guth of Professional Coin Grading Services wrote.

The below steel pennies were minted in 1943:

1943 (no mintmark)

1943-D

1943-S

The letter marks stand for their respective mint locations, Denver and San Francisco.

No mint mark means it was minted in Philadelphia.

In 1943, a few bronze pennies were also minted.

The bronze 1943 penny is one of the rarest coins in existence, and it sold for $204,000 in an auction in 2019.

How much is it worth?

If you happen to find a 1943 steel cent in average condition, it's unlikely to be worth a lot. According to USA Coin Book, the Lincoln pennies are worth 33 cents or less in average condition. And while the grades were not clear, a set of 1,380 steel cents minted in 1943 sold for a total of $280.50 after 60 bids on eBay recently.

That would imply each coin is worth about 20 cents on average.

Meanwhile, the 1943 S penny, in particular, could get quite scarce in high grades. According to PCGS, one of those pennies graded in “MS68+” sold for a whopping $19,200 in a March 2021 auction. And another one graded in “MS 68” sold for more than $3,700 in an auction last month.

How to find rare coins

There are many ways you can find rare coins.

The first thing you’ll want to do is check places in your home or any places you might store change. Some other things you can try are using a metal detector in known areas for buried treasure and by stopping by your local bank branch and asking for a wrapper of pennies. You can also try to get a good deal on one online through USA Coin Book or eBay. But make sure you research the coin first and know what it’s worth before buying.

And also - make sure you're aware of potential fakes online.

To avoid this, make sure you check the seller’s history and whether or not the coin was certified in the listing. Your unique pennies aren’t the only thing that might hold value, as nickels, dimes, half dollars, quarters others could be worth a serious mint.

We also explain the most valuable state quarters.

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What pennies are worth money list?

List of 25 Most Valuable US Pennies 1.) 1944 Steel Wheat Penny - $408,000. 2.) 1943 Copper Wheat Penny - $250,000. 3.) 1856 Flying Eagle Penny - $25,000. 4.) 1873 Indian Head Penny - $10,000. 5.) 1858 Flying Eagle Penny - $10,000. 6.) 1857 Flying Eagle Penny - $7,000. 7.) 1914 D Wheat Penny - $5,500. 8.) More items...

cointrackers.com - 25 Most Valuable Pennies (Updated 2022) - CoinTrackers.com

25 Most Valuable US Pennies

Here is a cool list that details the top 25 most valuable pennies ever minted in the United States of America (updated: 2022). These coin values / worth's are not based off common errors like double dies, but rather coins that were issued into circulation as is. Check out the list below, some of these old coins are worth a ton of money. This most valuable coin list is dynamic and is based upon the few thousand or so United States coins found in our ever growing database (updated: 2022). As of now our database consists almost entirely of coins from 1880s-2022, as we wanted to focus mostly on coins that were readily accessible and possibly still in circulation. The purpose of this page is to assist coin hunters and collectors in their pursuit of valuable coins. This page will save you a bunch of time, it represents hundreds possibly thousands of hours of research and detailed coin analysis.

List of 25 Most Valuable US Pennies

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