Q:

What is a 1943 copper penny worth?

A:

Quick Answer

Due to the coin's rarity, the value of a 1943 copper penny likely exceeds $82,500, the price paid by a collector at a 1996 coin auction. Prior to that occasion, a 1943 copper penny sold for $10,000 in 1981 and for more than $40,000 in 1958.

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Full Answer

Pennies minted in 1943 were primarily made out of zinc to preserve copper resources for World War II manufacturing. The U.S. Mint released pennies minted in copper by mistake. Because of their high value, 1943 copper pennies are frequently created by counterfeiters. Counterfeit 1943 copper pennies can be identified by checking their magnetism as the real coins are not attracted to a magnet.

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Related Questions

  • Q:

    What makes a 1943 D steel penny unique?

    A:

    Unlike most U.S. pennies, the 1943 D steel penny was composed of zinc-coated steel instead of copper, giving it a unique silver look. These "silver pennies" were minted during World War II, when copper resources were rationed for the war effort.

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  • Q:

    What is the composition of a 1943 penny?

    A:

    Most 1943 pennies were made of zinc-coated steel. However, due to copper-alloy penny blanks being left in the press before production, a small amount of 1943 pennies were made with copper alloy.

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  • Q:

    How do you tell if a 1943 steel penny is truly uncirculated or reprocessed?

    A:

    An uncirculated 1943 steel wheat penny generally appears in excellent condition with no wear, with only a few scuffs or dings caused by contact with other coins in a bank bag, and a highly polished surface. Though minor hairline scuff or dents affect the value of an uncirculated coin, obviously cleaned coins display circular wear marks from rubbing, damaged luster from chemical dips or abrasives and a severely reduced value.

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  • Q:

    What is special about the 1943 wheat penny?

    A:

    The 1943 wheat penny is unique because it is made of steel-coated zinc, rather than copper and nickel, according to the U.S. Mint. In 1943, copper and nickel were needed for ammunition to fight World War II rather than coin production. However, 40 coins were minted in copper inadvertently, making them amongst the rarest and most sought-after U.S. coins.

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