Are you able to identify this penny? Coins can occasionally be valued far more than their real value, making them one of those items that can be found hidden everywhere. Furthermore, news outlets have recently reported that this coin has a high value.
A mint condition 1943 copper wheat cent might bring in over $85,000, according to Coin Trackers, the New York Post, KHOU, and Daily Mail UK. In 1943, pennies were constructed of steel and further zinc-plated to avoid rust, according to KHOU, who conferred with Royal Coin and Jewelry, a rare coin dealer in Houston. According to Coin Week, “because copper was required for World War II-related objectives, all 1943 pennies were intended to be However, a few copper blanks entered the minting process at some point that year, and it is these “mistake” coins that are currently being sold for prices in the five and six figure range. As previously stated, for these 1943 copper wheat pennies to have net values in the $85,000 level, they must be in mint condition. However, Coin Tracker reports that they have been selling for an average of $60,000 even in worse situations. According to Coin Week, Saul Teichman, a specialist on U.S. Mint faults, describes how collectors increase the coin’s value by saying:
Collectors have a particular fondness for 1943 copper coins. In terms of market value, the 1943 cents are worth far more than other mistakes made at the same period. “A lot of other World War II errors are less common than 1943 copper or 1944 steel cents, but they are worth much less because they don’t have the same cachet.”
Coin collectors need to be on the lookout for 1943 copper wheat penny scams, according to media outlets.
The market is flooded with fake replicas of these pennies since they have been receiving a lot of attention lately. In order to make a 1948 copper penny appear authentic from 1943, many scammers will file down the left side of the numeral 8, according to Coin Trackers. Some will use ordinary steel.
“A solid copper penny will not stick to a magnet, but a steel penny with copper plating will,” according to Daily Mail UK. What’re you waiting for, then? You might have one of the luckiest pennies in the world, so go look at your collection! Please tell your friends and family about this.