Is a 1943 steel wheat penny worth a million dollars?

What is the hardest wheat penny to find?

What Are Some of the Rarest and Most Valuable Wheat Pennies?

• 1931 San Francisco Mint Abraham Lincoln Wheat Penny. ...
• 1943 Copper Penny: A Wheat Penny That's Worth Money. ...
• 1914 D Wheat Penny. ...
• 1922 D Lincoln Wheat Cent. ...
• 1909 S VDB Wheat Penny. ...
• 1955 Doubled Die Penny. ...
• 1944 Steel Cent — Rare Steel Wheat Penny.

Why is the 1943 penny worth $1,000,000?

This rare 1943 Lincoln cent is only 1 of 15 known in the world. Photograph courtesy of The Money Museum. This rare cent is one of approximately 15 examples found in circulation. Known as error coins, these rare pennies were made using copper instead of zinc, and were never intended to be struck.

Which penny is worth 1.7 million dollars?

The 1-cent coin that can be worth up to $1.7 million

The Don Lutes Jr. coin- a bronze Lincoln cent- was sold for such a huge amount because currently, only a handful of these exist.

What penny is valued at 2.3 million?

A 1943-D Lincoln Bronze Wheat Penny sold for $1.7 million in 2010 but is valued at $2.3 million in uncirculated mint condition.

What makes a 1943 copper penny so special?

Popularly called “copper pennies,” these cents are actually error coins — they were never intended to be struck! All cents that year were supposed to be made from zinccoated steel planchets. The error was created when leftover planchets from 1942 production were mixed in with the intended planchets for 1943.

How much is a 5 gallon jug of pennies worth today?

A 5-gallon jug of pennies can contain approximately $350 to $450 in face value, depending on how densely they are packed. The total value can increase significantly if the jug includes rare or collectible pennies.

What makes a 1943 steel penny so valuable?

There are several reasons why the 1943 penny enjoys this reputation. One is that it's the only steel penny that was ever mass-produced in the United States. It also comes in rare varieties, some of which are extremely valuable.

How much is a 1943 steel penny worth if it sticks to a magnet?

Due to the copper shortage at the beginning of WW2, in 1943 pennies were struck in steel, (the color is silver, not the metal), hence the ferrous quality of steel is why the coin is attracted to a magnet. An average condition 1943 steel cent is maybe worth 15 cents. An uncirculated one is maybe worth 2–4 dollars.

What is the rarest 1943 penny?

Among all Lincoln Wheat Cents, the 1943 Copper (Bronze) Penny remains one of the rarest and most sought-after error coins in U.S. history. This accidental minting mistake has fascinated collectors, investors, and historians alike.

How much can you sell a 1943 penny for?

1943 steel pennies are worth about 10 to 13 cents each in circulated condition and as much as 50 cents or more if uncirculated. The following table lists the buy price (what you can expect to pay to a dealer to purchase the coin) and sell value (what you can expect a dealer to pay you if you sell the coin).

How many 1943 steel pennies were made?

Still, a total 1,093,838,670 steel cents were produced at the three U.S. Mints in Philadelphia, Denver, and San Francisco. One source asserts that the use of the steel freed enough copper to be used on two cruisers, two destroyers, 1,243 flying fortress-style airplanes, 120 field guns, and 120 howitzers.

What are the top 20 most valuable wheat pennies?

Top 25 most valuable pennies

• 1944 Steel Wheat Penny - $408,000.
• 1943 Copper Wheat Penny - $250,000.
• 1856 Flying Eagle Penny - $25,000.
• 1924 S Wheat Penny - $12,000.
• 1873 Indian Head Penny - $10,000.
• 1858 Flying Eagle Penny - $10,000.
• 1857 Flying Eagle Penny - $7,000.
• 1922 D Wheat Penny - $6,000.

What 1958 penny is worth $1,000,000?

Some pennies worth $1 million. Rare Lincoln Wheat Pennies, minted from 1909-1958, are valued anywhere from thousands to millions of dollars. The Lincoln Wheat Penny was the first U.S. coin to feature a president's image.

How many 1943 copper pennies were found?

The 1943 Copper S penny is one of the most rare coins in circulation in the United States. There are 12 that are known, with an additional 28 that may exist, but no one knows for sure, the number of 40 is an estimation based on the theory of how they were accidently produced.

What penny is worth $1 million?

Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat penny on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc.

What penny sold for $1.7 million?

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.