![]() copper cent ever sold at public auction, according to heritage auctions director Laura Sperber who said she had “never seen anything like it” as “the bidders just kept going up” with no signs of slowing down until the gavel finally fell on $204,000. The latter eventually won out, setting a record sale price for any regular issue U.S. In 1958, Lutes sold it to prominent numismatist and dealer Abe Kosoff for several hundred dollars - a price that would seem almost laughably small compared to what the auctioned specimen went for sixty years later in 2019.Īt the auction itself, two bidders vied for the historical item: Heritage Auctions bidder Mark Borckardt and another anonymous bidder via telephone. He kept it for years before showing it off to coin dealers and collectors, who told him it was a rare and valuable coin. The coin first entered circulation when 10-year-old Don Lutes Jr., from Pittsfield, Massachusetts, found it amongst change he received from his lunch at school. It is believed to have been struck by mistake, as all other 1943 pennies were made out of zinc-coated steel due to a shortage of copper during World War II. The coin is one of fewer than 20 known to exist and is considered one of the most valuable pieces of American currency. After an intense bidding war, the prized possession fetched a great price – $204,000. On offer was a rare 1943 copper penny that was part of the collection of collector Elden Lutes. ![]() As far as authenticity is concerned, always be sure to buy coins from reputable dealers who offer lifetime guarantees on their products if you’re looking for collector pieces!Īs I wrote recently about the rare 1964 penny value, there is another attractive rare coin, the 1943 copper coin.įor numismatics enthusiasts, the recent sale at the Florida United Numismatics convention in Orlando, Florida, was an exciting event. ![]() Collectors much more highly value bronze cents since they’re rarer than either type of steel cent these usually feature notable details such as wheat stalks on their reverse side.īefore you put too much stock into your coin’s price tag, consider having it authenticated by an expert coin grader first fakes abound, so it pays to know what’s real before investing any money in a purchase or sale! Established coins then have one of several grading scales assigned to them based on factors such as luster, scratches, and overall eye appeal this will determine their value more accurately than anything else can. Steel cents are common and generally only worth face value, while zinc-coated steel cents may command slightly higher prices depending on their condition these usually have small amounts of copper plating added when they were produced in 1945 and later years. There were three different versions of the coin produced in that year: steel cents (made from recycled steel during World War II), zinc-coated steel cents (created after the war), and bronze cents (the common issue). That said, it’s important to note that not all 1943 pennies are valuable. This means that an uncirculated 1943 penny-a specimen that never went into circulation-can be worth up to $5 or more! The value increases from good to excellent, where a penny can fetch up to $1 or more depending on its condition. Good grade, which refers to lightly circulated pennies with minimal wear and tears, can be worth up to $0.20. In general, the value of a 1943 penny depends on its condition. VISIT OANDA - APPLY $10.000 Bonus 1943 Coin Grade Grade symbol 1943 penny worth Good (G-4) $0.1 Very Good (VG-8) $0.15 Fine (F-12) $0.2 Very Fine (VF-20) $0.25 Extremely Fine (EF-40) $0.4 About Uncirculated (AU-50) $4 Uncirculated (MS-60) $1.6 Uncirculated 1943-S Zinc (MS-63) $6 1943 Copper Lincoln penny from $10 000 and more
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