Imagine finding an old penny in your pocket or coin jar that’s worth nearly as much as a luxury car. Collectors and numismatists are currently buzzing about the exceptionally rare 1943 Lincoln Wheat Penny—a coin so valuable it has been appraised at close to $950,000.
These pennies were never supposed to be made from copper that year, making them a rare mistake and highly prized by collectors worldwide.
Let’s explore why these pennies are so valuable, how to identify one, and whether you might have one stashed away without realizing it.
The Story Behind the 1943 Penny’s Rarity
In 1943, the U.S. Mint changed its penny composition from copper to zinc-coated steel to save copper for the war effort during World War II.
Despite this, a small batch of copper planchets (metal blanks) from 1942 was accidentally used to mint pennies in 1943. These unexpected copper pennies became a rare anomaly and now stand as one of the rarest U.S. coins ever made.
What Is the Value of a 1943 Copper Penny?
The price of a 1943 copper Lincoln Wheat Penny depends on its condition and the mint mark. A pristine, uncirculated example can sell for anywhere between $250,000 and $950,000.
The most valuable are pennies with a Denver (D) mint mark, followed by those from the San Francisco (S) and Philadelphia (no mint mark) mints.
How to Spot the $950,000 1943 Copper Penny
To figure out if your 1943 penny is the rare copper variety, look for these important features:
| Feature | Description |
|---|---|
| Year | 1943 |
| Material (Rare Type) | 95% Copper, 5% Tin and Zinc |
| Color | Reddish-brown (not silver or gray) |
| Weight | Around 3.11 grams (heavier than steel pennies) |
| Magnet Test | Should not stick to a magnet |
| Mint Marks | D (Denver), S (San Francisco), or none (Philly) |
| Estimated Value | Between $250,000 and $950,000+ |
If your penny isn’t magnetic, weighs close to 3.11 grams, and has the 1943 date, you could be holding a very rare find.
Avoid These Common Mistakes
Don’t confuse copper pennies with the more common steel ones from 1943, which are silver-colored and worth only a dollar or less in typical condition. Be aware that counterfeit copper pennies exist, so professional authentication is crucial before any sale or purchase. Use a digital scale and magnet at home to quickly check if your coin is genuine or just an ordinary steel penny.
The 1943 copper Lincoln Wheat Penny is among the most coveted coins in U.S. history. Its value can soar up to $950,000, so examining your pennies carefully might reveal a life-changing discovery.
FAQs
How can I tell if my 1943 penny is made of copper?
Check for a reddish-brown color, test that it’s not magnetic, and weigh it—it should be around 3.11 grams.
Why were copper pennies made in 1943 if they switched to steel?
Some leftover copper blanks from 1942 were accidentally used when the Mint switched to steel due to WWII.
Where is the best place to sell a rare 1943 copper penny?
Trusted coin dealers, auction houses, or certified numismatists are ideal for selling high-value coins.
Are all 1943 pennies valuable?
No, most 1943 pennies are steel and common; only the rare copper ones hold high value.