1943 Lincoln Wheat Penny Sells for $701000: In the fascinating world of numismatics, few coins intrigue collectors like the Lincoln Wheat Penny. Among them, the 1943 Copper Lincoln Wheat Penny holds a legendary status, with one example selling for an extraordinary $701,000 at auction.
This article explores the history of this iconic coin, the wartime error that made it so rare, and tips for identifying these elusive treasures.
The Lincoln Wheat Penny: A Brief History
First introduced in 1909 to celebrate Abraham Lincoln’s 100th birthday, the Lincoln Wheat Penny was designed by Victor David Brenner.
Its obverse showcases Lincoln’s profile, while the reverse features two wheat stalks, symbolizing America’s agricultural roots. This design remained in circulation until 1958, becoming one of the longest-running coin designs in U.S. history.
The 1943 Copper Penny Error
During World War II, copper was in high demand for military purposes. To conserve resources, the U.S. Mint produced pennies from zinc-coated steel in 1943.
However, a few leftover copper blanks from 1942 were accidentally used in 1943, resulting in a small number of copper pennies that are now among the rarest and most sought-after coins by collectors.
A $701,000 Discovery
Doug, a collector who inherited a coin collection from his father, stumbled upon a 1943 copper penny among the coins. Upon having it authenticated, experts confirmed it was one of the rare copper specimens. It later sold for a record-breaking $701,000, reigniting interest in these exceptional coins.
How to Identify a 1943 Copper Penny
Distinguishing a 1943 copper penny from its more common steel counterpart involves a few key characteristics:
- Weight: Copper pennies weigh about 3.11 grams, whereas steel pennies weigh only 2.7 grams.
- Color: Copper pennies have a reddish-brown hue, while steel pennies are silvery in appearance.
- Magnetism: Steel pennies are magnetic due to their iron content, but copper pennies are not.
- Edge: Steel pennies may show wear on their zinc coating, revealing a darker core, whereas copper pennies retain a uniform color.
Value of 1943 Copper Pennies
| Year | Mint Mark | Composition | Weight (grams) | Approximate Value |
|---|---|---|---|---|
| 1943 | None | Copper | 3.11 | Up to $701,000 |
| 1943 | D | Copper | 3.11 | Up to $840,000 |
| 1943 | S | Copper | 3.11 | Up to $504,000 |
| 1943 | None | Steel | 2.7 | Minimal |
Other Rare and Valuable Lincoln Wheat Pennies
While the 1943 copper penny is exceptionally rare, several other Lincoln Wheat Pennies are also highly coveted:
- 1909-S VDB: Featuring the designer’s initials, this penny can fetch thousands of dollars in excellent condition.
- 1914-D: Due to limited production, this penny is worth up to $10,000 in pristine condition.
- 1922 “No D”: Missing the Denver mint mark, this variety is a collector’s dream.
- 1955 Double Die: With distinct doubling in its design, this penny is a standout among enthusiasts.
Why the Lincoln Wheat Penny Endures
The Lincoln Wheat Penny remains a beloved piece of American history. Its timeless design and the compelling stories behind its rare errors continue to captivate coin collectors and history buffs alike.
Whether you’re an experienced collector or just starting, a careful look through your loose change could uncover a piece of history worth a fortune.
FAQ
What makes the 1943 copper penny so valuable?
Its rarity, stemming from a minting error during World War II, makes it exceptionally valuable.
How can I verify if I have a 1943 copper penny?
Check its weight (3.11 grams), reddish-brown color, and non-magnetic properties. For further verification, consult a professional appraiser.
Are there other rare Lincoln Wheat Pennies?
Yes, coins such as the 1909-S VDB, 1914-D, 1922 “No D,” and 1955 Double Die are also highly prized by collectors.
Where can I sell a rare penny if I find one?
You can sell rare pennies through coin dealers, online platforms, or at specialized auctions.
Take a closer look at your pocket change—your next discovery could be priceless!