It sounds too good to be true, but that ordinary-looking penny in your pocket or coin jar could actually be a rare collector’s dream — worth up to $950,000. The coin in question? A 1943 Lincoln Wheat Penny made from copper, a rare minting error that has become one of the most valuable coins in U.S. history.
Let’s break down why this penny is so special, how to tell if you have one, and what to do if you strike it lucky.
How to Tell If You Have a 1943 Copper Penny
Rare, well-preserved versions from the Denver or San Francisco mints have sold at auctions for near a million dollars.
Think you might have one of these valuable pennies? Here are the key features to look for:
| Feature | What to Look For |
|---|---|
| Year | 1943 |
| Material | Copper (95% copper, 5% tin and zinc) |
| Color | Reddish-brown (not silver or gray) |
| Weight | Around 3.11 grams (steel pennies weigh 2.7 grams) |
| Magnet Test | Should NOT stick to a magnet |
| Mint Mark | Look for “D”, “S”, or no mark below the date |
The Fascinating Story Behind the 1943 Copper Penny
During World War II, copper was a critical resource needed for ammunition and military equipment. To support the war effort, the U.S. Mint switched from copper to zinc-coated steel for producing pennies in 1943.
A Minting Mistake Created a Collector’s Treasure
A small number of 1942 copper planchets (blanks) were accidentally left in the minting presses and got stamped with the 1943 design. The result? A few dozen 1943 Lincoln Wheat Pennies made of copper, rather than steel — and these rare coins are now worth a fortune.
How Much Is a 1943 Copper Penny Worth?
If you have an authentic 1943 copper penny, you’re potentially looking at anywhere from $250,000 to over $950,000, depending on the condition and mint mark.
What Increases the Value?
- Condition: Coins in uncirculated or mint condition command the highest prices.
- Mint Mark: Look for a small letter under the date:
- D = Denver Mint (most valuable)
- S = San Francisco Mint
- No mark = Philadelphia Mint
Quick Home Tests You Can Try:
- Color Check: Copper has a warm, brownish-red tone.
- Magnet Test: Steel pennies will stick to a magnet; copper ones won’t.
- Weight Test: Use a digital scale to confirm it weighs around 3.11 grams.
Common Mistakes and How to Avoid Them
Don’t get fooled by look-alikes or counterfeits. Here’s what to watch for:
Don’t Confuse It with Steel Pennies
Most 1943 pennies are steel — they look silver and are very common. Unless yours is copper-toned and passes the other tests, it’s probably not the rare one.
Be Wary of Counterfeits
Some counterfeiters alter steel pennies to look copper or modify 1948 pennies to appear like 1943. That’s why professional authentication is crucial.
Tip: Test Before You Get Excited
Use a magnet and a digital scale to rule out ordinary 1943 steel pennies. If your coin seems to match the copper specs, it’s time to consult a trusted coin expert or get it certified.
Where to Sell a 1943 Copper Penny
If you’ve confirmed you have a rare 1943 copper Lincoln penny, here’s how to sell it:
- Reputable Coin Dealers: Look for dealers with good reviews and credentials.
- Auction Houses: Big names like Heritage Auctions or Stack’s Bowers often handle rare coin sales.
- Certified Numismatists: They can evaluate your coin’s authenticity and help you get top dollar.
Final Thoughts: Could You Be Holding a $950,000 Penny?
It’s one of the most famous coin errors in U.S. history, and it could be hiding in plain sight. The 1943 copper Lincoln Wheat Penny isn’t just a collector’s item — it’s a potential windfall.
So next time you’re digging through change, don’t overlook that old penny. It could be a rare gem worth hundreds of thousands of dollars.
FAQs About the 1943 Copper Penny
How can I tell if my 1943 penny is copper?
Check the color, weight, and use a magnet. If it’s reddish-brown, weighs around 3.11 grams, and isn’t magnetic, it might be copper.
Why were copper pennies made in 1943?
By mistake. The U.S. Mint accidentally used leftover copper blanks from 1942 while switching to steel in 1943 for wartime conservation.
Where should I go to get it authenticated or sold?
Reach out to certified coin dealers or reputable auction houses. Avoid online marketplaces unless you’ve had the coin professionally graded.
Pro tip: Bookmark this article or share it — you never know who might find a fortune in their coin jar!
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