![]() ![]() A penny with a different color (or in this case, a copper colored penny from a year when they should have been steel) can be worth far more than a normal coin. If you're watching for rare coins, keep an eye out for anything outside the ordinary. ![]() Collectors began clamoring for it in the 1940s, and demand hasn't died down since. Rumor had it that Henry Ford offered a car to anyone who could find one, and even though that rumor was totally unsubstantiated, the fervor for this penny was the real deal. People considered this a rare penny to look for, even when it was first minted. In 2010, one of the bronze Lincoln pennies sold for $1.7 million, far higher in value than the 1943 steel penny's value. A 1933-D, for example, may be valued at 2.30 or more. While the original edition pennies from 1909 can have significant collectable value, other editions of the Lincoln penny can be highly desired by coin collectors as well. The US Mint estimates that 40 of them still exist. Lincoln Pennies (1909-1958) The ever popular Lincoln wheat penny was first produced by the U.S. No one noticed the error, and the pennies entered circulation. This resulted in the steel mixing with the copper for the first few pennies produced that year. When they made this switch, some of the copper was accidentally left in the hoppers. 1943 Bronze Lincoln Penny - About $1.7 MillionĪs World War II raged in 1943, the US Mint switched to making pennies out of steel to save copper for the war effort. Not all old pennies are valuable, but age is a starting point for identifying a penny worth money.Ģ. Those in favor of Lady Liberty won out, but of course, George Washington has graced many coins since, including the current quarter.Įven though you might not have a 1792 Birch Cent lying around, keep an eye out for any coin with an old date. However, if you have a prime example of this coin, it may be worth thousands. This is the cream of the crop in the series and has a base value of around 550. Still, the first president, George Washington, was such a popular figure that many people wanted his likeness on the first penny. In 1909, there were only 284,000 1909 S VDB wheat pennies produced. Keep in mind, the country was trying to separate itself from monarchies that had their kings and queens stamped on their coins. ![]() The coin features the profile of Lady Liberty on the front, which was a pretty controversial choice for the time. One in excellent "gem" condition sold in 2015 for an astounding $2.6 million. ![]() The coin was a "large cent," about the size of a quarter, and there are only 10 known examples. This penny is worth the most of all examples ever made. One of these is the famous Birch Cent of 1792, named after engraver Robert Birch. If the coin sticks to the magnet, it's a copper-plated steel, and therefore a fake.While the United States didn't officially start minting pennies until 1793, there were a few prototype pennies made prior to that time. To ensure your 1943 copper penny is not actually steel, do the magnet test. The site also warns that many 1943 copper pennies are fakes because a 1948 copper penny can be filed down on the left side of the 8, making it look like a 3 instead.Īdditionally, some scam artists copper-plate steel coins. While authentic steel pennies will stick to magnets, fakes that are copper and zinc-coated will not. How do I know if my penny is real?Ī quick way to check the authenticity of a 1944 steel penny is to see if it sticks to a magnet, according to Coin Trackers. Therefore, because only a small number of pennies were made of copper in 1943 and steel in 1944, they are a rare and valued find for collectors. Similarly, any 1944 steel pennies would have been released by error into the coin supply. The pennies minted that year, during World War II, were supposed to be steel so that more copper could be used in the manufacturing of war materials. The reason 1943 copper pennies are so rare is that all of them would have been released by error into the coin supply. ‘It's cruelty': Pit bull found stabbed in Pompano Beach getting medical care ![]()
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