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.
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.Learn More
As of 2014, collectors value pennies minted in 1943 from 8 cents to $3.14, depending on the coin's condition and where it was minted. Coins in good condition minted in Philadelphia have the lowest value, while uncirculated coins minted at the San Francisco mint fetch the highest price.Full Answer >
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.Full Answer >
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.Full Answer >
Multiple kinds of Chinese gold panda coins exist, with each one having its own value based on rarity and condition. A coin from the Gold Panda Proof Sets is valued around $20,000 as of 20114, according to NumisMaster.com.Full Answer >