Why is the 1943 penny worth $1000000?

A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency. Texas Rangers co-chairman Bob R.

Is a 1943 penny worth $1000000?

A 1943-D Bronze, BN Regular Strike (95% Copper, 5% Tin and Zinc) Lincoln cent has a rough value of around one million dollars. 1.7 million dollars was paid for this coin in 2010. $840,000 was paid for it at auction in 2021.

What makes a 1943 penny valuable?

The Rare 1943 Penny

If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! The reason is that the 1943 copper penny is an error coin. The United States Mint accidentally used the wrong planchet metal when striking the coin. But very, very few of these left the U.S.

How do I know if my 1943 penny is rare?

The easiest way to determine whether or not your 1943 Cent has collectible value—to see if it is possibly bronze rather than steel—is simply to test it with a magnet. If the coin is magnetic, then it is, unfortunately, the common steel version and is not valuable in most cases.

Which penny is worth $1 million?

Here's a rare 1943 Lincoln penny: The coin was mistakenly struck in bronze rather than zinc-coated steel, one has just sold for $1 million. Do we have any coin collectors out there? Susan Adams and 14,323 others like this.

Super rare 1943 pennies worth money recently sold! Valuable pennies to look for!!

What year is the richest penny?

The Most Expensive Penny

The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.

What US penny is rarest?

A penny from 1909 was the star of the show. It is, in fact, considered one of the rarest and most highly valued pennies in existence, made to celebrate the centennial of Abraham Lincoln's birth and inscribed with the initials of its designer, Victor D. Brenner. It sold for $365,000.

Which 1943 steel penny is worth the most?

There are also some significant varieties among the 1943 steel cents, including the 1943-D/D repunched mintmark. This widely collected variety is worth more than $100 in Extremely Fine-40 and upward of $400 in Mint State-63.

Which 1943 pennies are worth the most?

1943 Bronze Lincoln

“The most valuable Lincoln cent sold privately in 2010 for $1.7 million,” said Stone. In order to preserve copper for the war effort, the U.S. Mint switched to making pennies from zinc-coated steel planchets, instead of the usual bronze coin blanks, Stone explained.

What is the error on the 1943 steel penny?

The famed error for the 1943 penny is the copper one, as the USA switched metals from copper to steel in order to conserve metal for their war effort.

How much can I sell my 1943 steel penny for?

They are worth about 10 to 13 cents each in circulated condition and as much as 50 cents or more if uncirculated.

Why is a 1982 penny worth $10000?

So for the past 30 years, pennies have been made with an alloy comprised of 97.5% zinc and 2.5% copper, but pennies minted before 1982 are 95% copper and 5% zinc. The price of copper has more than quadrupled over the past 10 years.

What are the odds of finding a 1943 copper penny?

There are perhaps as many as 200 million normal pennies currently in circulation, so your odds of finding one of the 30 or so potentially floating around out there are one in fifteen million.

What coin is worth a million dollars?

RARE 1943 COPPER PENNY WORTH A MILLION DOLLARS - CHECK YOUR POCKET CHANGE FOR VALUABLE COINS!! The 1943 copper penny is a one million dollar penny! This copper penny was suppose to be a 1943 steel penny. Could you imagine finding this rare coin in your...

How much is a 1943 copper penny worth in 2022?

1943 “D” Copper Penny

All the 1943 copper pennies from the Denver mint will sell for many dollars. At a G-4 rating, it can sell for at least 100,000 USD. You'll earn around 150,000 USD if the coin is in a fine state. PCGS rates them as having the best price of 1.5 million dollars in their highest mint state.

What's the most expensive penny?

How much is a 1943 D wheat penny worth?

1943 D Wheat Penny Value

According to the NGC Price Guide, as of January 2023, a Wheat Penny from 1943 in circulated condition is worth between $0.05 and $1.25. However, on the open market 1943 D Pennies in pristine, uncirculated condition sell for as much as $1900.

What is the hardest penny to find?

1943-D Lincoln Bronze Cent

Many of these coins exhibit wear from circulation. This is an indication that they were not "helped" by some unscrupulous mint employee. But the rarest of all is this single known pristine example from the Denver mint. It is the most valuable Lincoln penny in the world.

What pennies should I keep?

What penny is worth $50000?

The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000!

Why is 1977 penny worth so much?

The San Francisco mint produced only proof pennies in 1977. Their number was limited to 3,251,152 pieces, making their price high in some cases.

At what age is a penny worth more?

It turns out all pennies with a date of 1981 or earlier were made from nearly pure copper, which means they are actually worth three times their face value - three cents.

Why is the 1999 penny worth so much?

It's from 1999 and could be worth $4,500 thanks to a little-known error on it. What you want to look for is a 1999 penny with no mint mark, which means no letter under the year on the heads side.

How many 1943 copper pennies are left?

Today, a total of 27 1943 copper wheat pennies are confirmed to exist and have been graded–including six of the 1943-S, as well as the unique 1943-D. Seven of the 27 have been graded by PCGS and 13 have been graded by NGC.

When was the last 1943 copper penny found?

The most famous error coin in America.

The 1943 Lincoln penny — one of 20 accidentally pressed in copper that year — was discovered by 16-year-old Don Lutes Jr. in his school cafeteria in March 1947, according to Sarah Miller of Heritage Auctions in Dallas.