The 1943 bronze Lincoln Wheat Penny is among the most coveted coins in American numismatics, with some specimens valued at an astonishing $80 million. This rare coin was unintentionally minted during World War II, making it a significant piece of U.S. history. Remarkably, some of these pennies may still be in circulation, waiting to be discovered.
Why Is the 1943 Bronze Penny So Valuable?
In 1943, to conserve copper for military use, the U.S. Mint switched to producing pennies from zinc-coated steel. However, a few leftover copper planchets from 1942 accidentally made their way into the presses, resulting in bronze pennies being minted that year. Only about 10 to 15 of these bronze pennies are known to exist today, making them incredibly rare and highly valuable.
One such coin, a 1943-D bronze penny, sold for $1.7 million in 2010, setting a record for the most expensive Lincoln cent ever sold. Experts estimate that a perfect-condition example could fetch up to $80 million, placing it among the most valuable coins in the world.
Could You Find One in Circulation?
While the odds are slim, it’s not entirely impossible to find a 1943 bronze penny in your change. These coins were unintentionally released into circulation, and some may still be out there. To identify a genuine 1943 bronze penny, consider the following:
- Magnet Test: Genuine bronze pennies will not stick to a magnet, whereas the steel pennies minted that year will.
- Weight: A bronze penny weighs approximately 3.11 grams, while a steel penny weighs about 2.7 grams.
- Color: Bronze pennies have a distinct copper hue, unlike the silver-gray of steel pennies.
If you suspect you have a 1943 bronze penny, it’s advisable to have it authenticated by a professional coin grading service to confirm its authenticity and value.
Famous Discoveries of Rare Pennies
| Year Found | Where Found | Estimated Value | Current Status |
|---|---|---|---|
| 1958 | A teenager’s pocket change | $40,000 (at the time) | Sold to a collector |
| 2006 | A man inherited a coin collection | Over $1 million | Auctioned in 2019 |
| 2010 | Found in a coin roll from a bank | $200,000+ | Privately held |
These stories demonstrate that rare coins can still surface unexpectedly, making coin collecting an exciting hobby.
Frequently Asked Questions (FAQs)
1. How can I tell if my 1943 penny is the rare bronze version?
Check the material: A genuine 1943 bronze penny will not stick to a magnet (steel pennies do). Look at the color: Bronze pennies have a distinct copper hue, unlike the silver-gray of steel pennies. Consult an expert: If you suspect you have one, get it authenticated by a professional coin grader.
2. What should I do if I find a rare penny?
Handle it carefully: Avoid cleaning or polishing it, as this can reduce its value. Store it properly: Use a protective coin holder to prevent damage. Get it certified: Submit it to a grading service like PCGS or NGC for authentication.
The 1943 bronze Lincoln Wheat Penny is a numismatic legend, and the possibility that one might still be hidden in circulation keeps treasure hunters searching. Whether you’re a seasoned collector or just checking your spare change, you could be the next lucky person to uncover an $80 million penny!