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Mar 30, 2022 · The 1943 silver-colored penny is a wartime coin issue made of steel and coated with zinc. During World War II, the war effort required a lot of copper to make shell casings and munitions. In 1943 U.S. Mint produced the penny out of zinc plated steel to save copper for the war effort, so most 1943 pennies are silver colored.
- Susan Headley
- 2 min
Sep 19, 2023 · The 1943 copper penny is extremely rare and valuable. Only a couple dozen pieces were made and exist today, and each is worth about $100,000. The record price for a 1943 copper Lincoln penny is over $1,700,000 at auction in 2010. While 1943 copper cents weigh about 3.11 grams and don’t stick to a magnet, the more common steel cents (which ...
Apr 11, 2023 · Thus, it is safe to say that the coin is pretty common in numismatic terms. Specimens in poor circulated conditions aren't worth more than 15 to 30 cents. However, the auction record for the 1943 Steel Cent is $218,500! See the full price chart below according to the PCGS coin price guide.
- Chase Turner
The new silver five cent coins saved an estimated 800,000 pounds of nickel and 1.8 million pounds of copper for the war effort, while also not changing the weight and appearance of the coins. Americans could identify the silver nickels, however, by the large “P,” “D,” and “S” mint marks located above the image of Monticello on the ...
- Malloryk
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May 21, 2024 · World War II And Its Impact On The Penny's Value. When the U.S. entered World War II in 1941, copper was highly demanded for the production of assault wires, ammunition, and other military equipment. The problem was that the cent was actually made of copper. So, in 1943, the US Mint had to change the composition of the cent to one made of zinc ...
2 days ago · 1. Calculate 35% silver value : ( 31.62 × .0321507466 × 5.00 × .35) = $1.7790615631. $1.7790 is the rounded silver value for the 1942-1945 silver nickel on May 28, 2024. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.
Oct 25, 2023 · The 1943 Lincoln Steel Cent was the result of the United States Mint’s efforts to conserve strategically important metals during World War II by replacing the copper used in cent production with ...
