1943 Steel Penny Worth Money

If your 1943 penny sticks to the magnet it is a common steel cent and not worth the big bucks.

1943 steel penny worth money.

If your 1943 penny does not stick to the magnet it may be a rare 1943 copper penny. 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. 10 things you probably don t know about precious. Even if your 1943 penny is made of steel it could be worth more than its face value.

To conserve copper for the war effort the country decided to strike all new pennies on stainless steel. The uncirculated 1943 steel penny value usually ranges from about 1 50 to 5. Most 1943 steel pennies that you ll find in circulation are pretty well worn and many that are worn exhibit rust. Steel pennies are a rarity in their own right more on that later but copper pennies from.

When exposed to moisture the penny would start to rust. As the 1943 steel pennies circulated the zinc coating started to turn dark gray and almost black. Try sticking your 1943 penny to a magnet. In fact a steel 1943 penny is worth up to 50 cents.

If it was in circulation long enough the zinc coating completely wore off and the steel underneath would start to show through. The 1943 bronze lincoln cent attracted nearly 30 bids and sold for 204 000 in january according to heritage auctions the organization that conducted the sale. Further authentication is required to see if it s a legitimate 1943 copper cent. A lightly circulated 1943 steel penny is generally worth 20 cents to 50 cents.

The following table lists the buy price what you can expect to pay to a dealer to purchase the coin and sell value what you can expect a dealer to pay you if you sell the coin. These are worth less than a dollar but nice mint. These are worth 5 cents to 10 cents.