Below is a chart showing how the organization valued the 1943 steel penny. Greysheet is one of the best and respected coin experts collectors rely on for price information. 1943 Silver Penny Value Chart By JM Bullion Putting up for sale on auction sites like JM Bullion can help you get your coin sold at a marked price like the ones in the table below. The hurdle you have to jump over is getting your coin graded. This is if the coin is rated as high as MS 68. Other coin valuers estimate that the 1943 penny can attract prices as high as $3,500 or more. 1943 Silver Penny Value Chart By USA Coin Book Usacoinbook gives an estimate below to help you determine just how valuable your penny might be. Mint State condition is graded from 58 to 68.īelow is a table of values by PCGS. The grades can be either AU or About Uncirculated or Mint State. The 1943 penny is further valued by the condition of the coin. Of course, the coin without a mark was manufactured in the Philadelphia mint. To put it in an open perspective, the table below shows the summary of the value of the categories of coins. They are usually worth more at auction sales. The mark distribution is:Ĭollectors are particular about cents that have mint marks. However, not all the coins have mint marks. The mintage of the 1943 penny was manufactured in Philadelphia, San Francisco, and Denver. The letterings are: “E PLURIBUS UNUM” “ONE CENT” and “UNITED STATES OF AMERICA” The 1943 Silver Penny Value And Types The reverse features the wheat heads on both sides. The letterings include the words “IN GOD WE TRUST,” “LIBERTY” and “1943” Reverse It features the head of Abraham Lincoln facing right. This penny is one of the plainest designs on coins. But the 1943 steel cent features the same Victor David Brenner design as the Lincoln cent that had been in use since 1909. Over the years, the Lincoln cent has gone through several designs. The three minting facilities produced 1,093,838,670 of the one-cent coins. In spite of the mint’s effort to call many of the pennies back, there were still over 930 million pieces in circulation.
By 1950 the pennies were becoming hard to find and by 1960 almost none existed. The steel cents were recalled for 20 years. They were also going to create cents from the prewar alloy without tin. In the later part of 1943 treasury announced that they will not be producing steel cents again after December 31, 1943. The public hated these cents so much that the Treasury only issued them when bronze copper cents were unavailable. The prewar composition was resumed after this. This new composition was used for the 1944 to 1946 cents. Soon the mints salvaged the situation by minting coins from brass shell casings augmented with pure copper. When the coins would go into vending machines they would get stuck to the mechanism that picked up slugs.įurthermore, because the edges of the coin weren’t covered in the galvanization process they would quickly develop rust when sweat touches them. The public mistook the pennies for dimes. The composition of the coin caused it to be 13% lighter but magnetic. The new coins were minted in Philadelphia, San Francisco, and Denver but only the Denver and San Francisco coins had mint marks, the D and S marks. They even experimented on plastic, and on the white planchet.Įventually, they settled on zinc-coated steel. They needed to limit their dependence on copper usage. The US mint began researching other options for the 1943 cent. Throughout that year there were pleas for people to return their nickels and cents. Following the attack on Pearl Harbor rumors grew about this shortage and in January 1942 the Numismatic Scrapbook Magazine that treasury officials were thinking of alternatives. Ammunition companies and other military weapons manufacturers were using up most of these metals for the war efforts. The US was running out of copper due to the war. Nations were spending their last resources in a war that had been raging since 1939. It was 1943, and the second world war was almost nearing its eventual end-but of course-no one living knew this at the time.
But that was all to change soon when the world went to war with each other. The Lincoln cents were composed of 95% copper and 5% tin and zinc. How can I tell if my 1943 silver penny is real?.How do I know if my 1943 penny is valuable?.How do I know if my 1943 penny is rare?.How much is a 1943 silver penny worth in 2021?.