Lincoln Wheat Penny Worth $520K Still Circulating

The Lincoln Wheat Penny, first minted in 1909, has long been a staple of American currency. While most of these pennies are worth just one cent, certain rare varieties have fetched astonishing sums at auctions.

Notably, a 1943-D Bronze Lincoln Cent recently sold for $840,000, highlighting the immense value that specific error coins can command.

Understanding the 1943-D Bronze Lincoln Cent

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In 1943, due to copper shortages during World War II, the U.S. Mint produced pennies using zinc-coated steel instead of the traditional bronze.

However, a few bronze planchets from 1942 remained in the Mint’s supply bins and were inadvertently used to strike 1943-dated coins. This error resulted in the creation of the 1943 Bronze Lincoln Cent, a coin of exceptional rarity.

Key Features of the 1943-D Bronze Lincoln Cent

Why Is This Coin So Valuable?

The 1943-D Bronze Lincoln Cent’s value stems from its rarity and the unique circumstances of its creation. Only a handful of these coins are known to exist, making them highly coveted by collectors.

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The Denver Mint’s 1943-D Bronze Cent is particularly valuable, with one example selling for $840,000 at auction.

Identifying a 1943-D Bronze Lincoln Cent

To determine if you have a 1943-D Bronze Lincoln Cent, consider the following steps:

1. Examine the Date and Mint Mark: Ensure the coin is dated 1943 and has a “D” mint mark, indicating it was minted in Denver.
2. Check the Composition: Use a magnet to test the coin. Bronze coins are non-magnetic, while steel cents are magnetic. If the coin is magnetic, it’s likely a steel cent.
3. Assess the Weight: A bronze cent weighs approximately 3.11 grams, whereas a steel cent weighs about 2.7 grams. A significant weight difference could indicate a bronze cent.
4. Consult a Professional: If you suspect you have a 1943-D Bronze Lincoln Cent, it’s advisable to have it authenticated by a professional numismatist or a reputable coin grading service.

Other Valuable Lincoln Wheat Pennies

While the 1943-D Bronze Lincoln Cent is among the most valuable, other rare Lincoln Wheat Pennies have also commanded high prices:

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While the 1943-D Bronze Lincoln Cent is exceptionally rare, it’s important to note that most Lincoln Wheat Pennies in circulation are not valuable.

However, if you come across a 1943-dated penny with a “D” mint mark, it’s worth examining further, as it could be a rare and valuable coin.

FAQs

What makes the 1943-D Bronze Lincoln Cent so valuable?

Its rarity; only a few are known to exist, and one sold for $840,000 at auction.

How can I tell if my 1943 penny is made of bronze or steel?

Use a magnet; bronze is non-magnetic, while steel is magnetic.

Are there other valuable Lincoln Wheat Pennies?

Yes, coins like the 1943-S Bronze Cent and 1944-S Steel Cent are also highly valuable.