Rare 1943 Bronze Penny Worth $772 Million : Rare coins can sometimes turn up in the most unexpected places—pocket change, old piggy banks, or inherited collections. Among these, one of the most sought-after finds is the 1943 bronze Lincoln penny, a coin worth up to $258,000 or more. In this guide, we explore how to identify rare pennies, the history behind their value, and how you can potentially profit from coin collecting.
Why the 1943 Bronze Penny Is So Valuable
Historical Minting Error That Made History
In 1943, the U.S. Mint shifted from copper to zinc-coated steel pennies to conserve copper for World War II efforts. However, a few bronze planchets—used in previous years—were mistakenly left in the minting machinery and struck with the 1943 design.
Rarity and Demand
Only a handful of these bronze 1943 pennies exist today, with less than 20 confirmed examples. Their extreme rarity and the historical context have driven collectors to pay enormous sums, with auction prices reaching up to $258,000.
Identifying a Rare 1943 Bronze Penny
Key Features to Examine
- Date: Clearly reads 1943
- Color: A brown or reddish hue, unlike the silver-colored steel pennies
- Magnet Test: Bronze pennies are not magnetic, whereas steel cents are
- Weight: Bronze pennies weigh approximately 3.11 grams, while steel pennies weigh 2.7 grams
If you suspect you have a rare coin, consult a professional numismatist or submit it for grading to organizations like PCGS or NGC.
Diagram: Decision Tree for Identifying a Rare 1943 Penny
graph TD
A[Find a 1943 Penny] --> B{Is it magnetic?}
B -- Yes --> C[Steel Cent - Common]
B -- No --> D[Check Color]
D -- Reddish/Brown --> E[Weigh the Coin]
E -- 3.11g --> F[Potential 1943 Bronze Penny - Get Authenticated]
E -- Not 3.11g --> G[Unlikely to Be Bronze Penny]
D -- Silvery --> C
Other Rare Pennies You Might Own
1909-S VDB Lincoln Cent
- Mintage: Only 484,000
- Value: Up to $50,000+
- Details: Mint mark “S” below the date and “V.D.B.” initials on the reverse
1955 Double Die Penny
- Feature: Noticeable doubling of letters, especially “LIBERTY” and “IN GOD WE TRUST”
- Value: $1,000–$15,000 depending on condition
1944 Steel Penny
- Reverse of the 1943 Error: A few steel blanks left over were used in 1944 by mistake
- Value: $75,000–$110,000
Where to Look for Rare Pennies
- Pocket Change: Always check your change from stores or vending machines
- Coin Jars and Piggy Banks: Forgotten containers can hide treasures
- Garage Sales and Estate Auctions: Older collections are often sold without knowing their full value
How to Get Your Coins Appraised
Step-by-Step Guide
- Do Preliminary Research: Use online catalogs and forums like CoinTalk and PCGS.
- Weigh and Test: Use a scale and magnet to do initial testing.
- Take Clear Photos: Capture both obverse and reverse sides.
- Contact Certified Grading Services: PCGS, NGC, ANACS are industry leaders.
- Avoid Local Pawn Shops: They often offer below-market prices.
Tips to Preserve Coin Value
- Do Not Clean Coins: Cleaning can reduce value drastically
- Store in Holders: Use acid-free sleeves or coin flips
- Avoid Moisture: Keep coins in a dry, temperature-stable environment
- Use Gloves: Oils from hands can cause permanent damage
The Market for Rare Pennies in 2025
The rare coin market continues to grow, especially for high-demand items like the 1943 bronze penny. Increased interest from investors and collectors has pushed auction prices higher year over year.
Recent Auction Highlights
Coin Type | Grade | Auction Price | Year Sold |
---|---|---|---|
1943 Bronze Penny | MS-62 | $258,000 | 2024 |
1955 Double Die Penny | MS-65 | $14,100 | 2023 |
1909-S VDB | MS-66 | $54,500 | 2024 |
Conclusion: Don’t Overlook Your Pennies
While the chance of finding a rare 1943 bronze penny is slim, it is not zero. By paying attention to the details and knowing what to look for, anyone can become a treasure hunter. Check your change, educate yourself, and you may just find a coin worth hundreds of thousands of dollars hiding in plain sight.
Act today—your next penny could be priceless.