Where is the mint mark on a 1943 steel penny?

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The mint mark on a 1943 steel penny, if present, is located on the obverse (front) of the coin, directly below the date (1943), with a "D" for Denver or an "S" for San Francisco, while coins from Philadelphia have no mint mark.

What if a 1943 steel penny has no mint mark?

Unfortunately, when coins have no mint mark it does not make them more valuable. Coins with no mint mark are by default minted in Philadelphia. 684,628,670 steel Pennies were minted at Philadelphia with no mintmark, so each one is worth between $1-2.

Where is the mint on a 1943 steel penny?

This alloy caused the new coins to be magnetic and 13% lighter. They were struck at all three mints: Philadelphia, Denver, and San Francisco. As with the bronze cents, coins from the latter two sites have respectively "D" and "S" mintmarks below the date.

Which 1943 penny is worth $1,000,000 today?

Most circulated examples are worth between 10 and 50 cents, while uncirculated coins can fetch $2 to $10, with high-grade certified pieces reaching $100 or more. Rare error varieties, such as the highly sought-after 1943 Copper Penny, can be worth over $100,000, and some have sold for more than $1 million.

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.

How Much is the 1943 Steel Silver Penny Worth?

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What is the error missing the 4 on a 1943 steel penny?

The missing 4 in the 1943 steel Lincoln penny is a "strike through" error where some grease got caught in the striking die to cause the missing number.

Which steel penny is rare?

Collector Confusion

Many collectors confuse steel penny rarity with their copper counterparts. Remember: 1943 copper cents are rare, 1943 steel cents are common. Conversely, 1944 steel cents are rare, 1944 copper cents are common. This confusion could cost collectors significantly when making purchase decisions.

What does it mean if my 1943 penny sticks to a magnet?

The fact that it sticks to a magnet is all you need to know that it is a steel cent. A copper cent would not stick. It is just a damaged coin know that it has been plated.

How many 1943 steel pennies were worth?

A typical 1943 or 1943-D steel penny, in circulated condition, is usually worth around 10 to 25 cents, with uncirculated examples potentially reaching $1 to $5 depending on their condition; high-grade specimens in Mint State 67 or better could be worth hundreds or even thousands of dollars.

Are there fake 1943 steel pennies?

Warning: Copper-Plated 1943 Steel Cents

Unfortunately, counterfeit 1943 copper cents are common. Many ordinary 1943 steel cents have been copper-plated to resemble the rare copper errors. These copper-plated coins can fool the untrained eye but lack the characteristics of authentic 1943 copper cents.

What makes a 1943 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 many 1943 copper pennies have been 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.

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.

How do I tell if I have a rare 1943 penny?

Ways to Identify a Genuine 1943 Copper Penny:

  1. Authentic 1943 Copper Pennies weigh approximately 3.11 grams.
  2. Steel cents weigh only 2.7 grams.
  3. If your 1943 penny is lighter than 3.11 grams, it is likely a common steel cent.

How rare is it to find a steel penny?

Given the coin's extremely high mintage figures, it is common to find in most circulated grades. For high mint-state grades, however, the 1943 steel penny can be very rare and valuable.

Why does my 1943 penny look silver?

Your 1943 cent is made of steel, so it is silver in color. If you have a 1956 cent that is silver, it has likely been plated.

How much can I sell a 1943 steel 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).

What is the rarest 1943 penny?

The 1943 copper cent is one of the rarest coins in American numismatics and is in high demand among collectors. The estimated value of this error coin ranges from $100,000-$900,000. One 1943-D copper cent was listed by the Professional Coin Grading Service (PCGS) for $1,500,000.