The Spruce Crafts uses cookies to provide you with a great user experience. Critical goods were ration to American citizens using coupon books issued by the government. Moisture came in contact with the coins as they circulated in commerce. Since the mint produces billions of coins in an average year, they use huge totes to move them around the mint facility. In 1943 the penny was made out of zinc plated steel to save copper for the war effort which is why most 1943 pennies are silver colored. 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. Most 1943 steel pennies that you’ll find in circulation are pretty well worn (and many that are worn exhibit rust). ***Price subject to standard supply and demand laws, dealer premiums, and other market variations.

One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000. American citizens were asked to conserve food such as sugar, meat, cooking oil, and canned goods. USA Coin Book Estimated Value of 1943-D Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.32 in Average Condition and can be Worth $3.14 to $11 or more in Uncirculated (MS+) Mint Condition. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Most critical of all was gasoline. In 1944 the mint switched back to using copper to produce the pennies. Is My Penny Solid Copper or a Copper-Plated Zinc Cent? Call or visit your local coin dealer for more information. During World War II, the war effort required a lot of copper to make shell casings and munitions. Unfortunately, zinc oxidizes over time and turns into a dull and dark gray color. The coining press struck the copper planchets with the 1943 date. Most people believe that all pennies ever produced by the United States Mint are made of copper. Therefore, when someone finds one of these silver pennies in their pocket change, they believe they have come across a great rarity.

The reason is that the 1943 copper penny is an error coin. As the zinc coating wore off the steel core the exposed steel underneath began to rust. These are worth 5 cents to 10 cents. CoinTrackers.com has estimated the 1943 Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $10. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. 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. The uncirculated 1943 steel penny value usually ranges from about $1.50 to $5. There are a few very valuable error coins produced in 1943. As the totes moved from machine to machine, sometimes a blank from the last batch would get stuck in a crevice. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. But very, very few of these left the U.S. Mint facilities. The 1943 silver colored penny is a wartime coin issue made of steel and coated with zinc. **When we say that 684,628,000, of these coins were produced or minted in 1943 this number doesn't always match the actual circulation count for this coin. She is a member of the American Numismatic Association.

The coining presses then produced 1944 pennies on zinc-coated steel planchets instead of bronze planchets. Although they are uncommon, they are hardly rare. If your 1943 penny is made out copper, it is worth quite a bit of money, generally $10,000 or more! One of the most unusual pennies produced by the United States Mint are the "1943 Silver Pennies."

Lincoln Wheat Penny Key Dates, Rarities and Varieties Most numismatists believe that a few copper planchets from 1942 got caught in a crevice in the tote. By using The Spruce Crafts, you accept our Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents. CoinTrackers.com has estimated the 1943 Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $10.

The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. They decided on using steel for the base metal and plating it with pure zinc. Metal was not the only commodity that was critical to the war effort.

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