1943 steel wheat penny. 1943 wheat penny

1943 S Lincoln Wheat Penny Steel Cent Coin Value Photos & Info

1943 steel wheat penny

Keep reading to learn the next devastating reality about 1943 pennies. Even a small magnet will easily stick to any 1943 penny made of steel. 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. Generally though, wheat pennies are at least worth three times its original value, unless it is extremely worn out. We use please read that article if you are interested in adding your own. There are three common production locations; Philadelphia standard , San Francisco S coins , and Denver D coins.

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1943 S Steel Penny: An Unpopular Coin Gets New Life from Collectors

1943 steel wheat penny

The coins that have been altered will have a three that is more rounded, considerably shorter, and points at about 9:00. An easy way to distinguish a true copper penny from a copper-plated penny is to hold up a magnet against it. These steel cents were not even rare when it was produced and it is due to this wide availability that makes it quite inexpensive. Believing it to be a steel cent, the discoverer straightened the coin in a so that it would fit inside a coin album. For example, a 1948 copper penny could be filed down on the left side of the 8, making it look like a 3 instead. Typically, over time and turns into a dark grey or black. If your 1943 penny sticks to a magnet then it is made of steel.

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1943 Steel Wheat Penny Value

1943 steel wheat penny

Step1: Use The Magnet Test Before you read a dozen articles, go to five coin shops, and watch a bunch of youtube videos, just do the magnet test. Another explanation credits the error to the production of 25 million pieces by the Philadelphia mint after that country's liberation from the Nazis. S Mint used copper for pennies. Shortly after, in 1943, the U. Collectors knew at least as early as 1944 that some authentic 1943 bronze pennies were minted and released into circulation. This alloy caused the new coins to be magnetic and 13% lighter.

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1943 S Steel Penny: An Unpopular Coin Gets New Life from Collectors

1943 steel wheat penny

The End to Steel Pennies Upon the release of the new steel penny, the coin received a lot of backlash. One explanation is that steel planchets were left in the press hopper and press machines from the previous year mixed in with copper planchets. Minting Quality This bears an S mint mark below the year, meaning it is produced in San Francisco. Roosevelt considered Lincoln to be one of his biggest idols, hence why he chose him. In addition, checking the weight of the coin can help verify its authenticity. If it does not stick to a magnet then it is made of something else. Magnets in which took copper cents placed to pick up steel also picked up the legitimate steel cents.

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1943 Steel Lincoln Wheat US Small Cents for sale

1943 steel wheat penny

People are also much too willing to accept that any piece of metal that is brown, says 1943, and looks like a wheat cent has to be an authentic 1943 bronze or copper penny. It all just depends on the condition. These reprocessed coins are sometimes described as brilliant uncirculated, or similar terms, by ignorant or unscrupulous online sellers. However, problems began to arise from the mintage. With over a billion steel pennies produced from three operational mints in San Francisco, Denver and Philadelphia, these steelies are quite commonplace.

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1943 Lincoln Wheat Pennies Values and

1943 steel wheat penny

Nevertheless, they are a cost-effective alternative to buying uncirculated 1943 Pennies and are popular in the non-numismatic market. Rarity and Value It is estimated that only have made it through the minting process in 1943. Hello, Irene -- I just replied to another similar post of your but in case you don't see that post kindly let me reply again. The increase in demand coupled with low supply increases competition for bidding during auctions. The term, reprocessed, refers to 1943 steel pennies that have been 'shined up', i. Examples were discovered after the War, with the first two in 1947, and another in 1958.

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