By Should a 1943 penny be magnetic?
A 1943 copper cent was first offered for sale in 1958, bringing more than $40,000. The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper. If it does not stick, the coin might be of copper and should be authenticated by an expert.
Why does my 1943 penny stick to a magnet?
Copper Penny Counterfeits The way to detect if your 1943 penny is made out of copper is by using a magnet. If the penny sticks to the magnet, it is made out of steel — not copper. Keep your eyes open for this rare penny — and you could be up to $200,000 richer if you find it.
How much is a 1943 steel penny worth if it sticks to a magnet?
Value of a 1943 Steel Penny They are worth about 10 to 13 cents each in circulated condition, and as much as 50 cents or more if uncirculated.
Is a Steel Wheat Penny magnetic?
Only a couple dozen pieces were made, and each is worth about $100,000. While 1943 copper cents weigh about 3.11 grams and don’t stick to a magnet, the more common steel cents (which weigh 2.8 grams) adhere to a magnet.
Which 1943 steel penny is valuable?
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.
How can I tell if my 1943 penny is worth anything?
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.
Are all 1943 steel pennies valuable?
Because they are quite common, a 1943 penny in circulated condition is not worth much. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents. However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000.
How much is a 1943 D Steel wheat penny worth?
CoinTrackers.com has estimated the 1943 D Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $12.
How can I tell if my 1943 steel penny is worth anything?