Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around 65 cents, while one in certified mint state (MS+) condition could bring as much as $25 at auction.
How much is a 1944 US steel penny worth?
The 1944 steel penny is worth between $75,000 and $110,000, depending on its condition. The 1943 copper cent — with only 40 made and 12 known to exist today — can command a price of around $150,000 to $200,000.
How much is a 1943 Lincoln wheat penny worth?
Zinc-coated steel was used as the substitute metal composition and hence the new silver-like coin is known as the wartime steel cent or steel penny. 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 $3.22 to $11 or more in Uncirculated (MS+) Mint Condition.
Are there any coins that were made in 1943?
There are a few very valuable error coins produced in 1943. Since the mint produces billions of coins in an average year, they use huge totes to move them around the mint facility. As the totes moved from machine to machine, sometimes a blank from the last batch would get stuck in a crevice.
Why are the planchets of the 1943 Penny rusting?
As the zinc coating wore off the steel core the exposed steel underneath began to rust. The manufacturing process for producing the planchets was also flawed. Mint workers first rolled a sheet of steel to the proper thickness. Next, the steel sheet was plated with zinc and passed through a blanking press.
What kind of metal was used to make the 1944 Penny?
In 1944 the mint switched back to using copper to produce the pennies. Once again, the totes contained a few zinc-coated steel planchets stuck in the crevices. The coining presses then produced 1944 pennies on zinc-coated steel planchets instead of bronze planchets.
