Coin collectors often consider the 1943 steel wheat pennies to be of high importance and this is majorly because of the rare nature of these pennies. Also known as the silver pennies because of their colour, they are highly unusual in nature mainly because they were not minted using copper. The unique colour of these pennies is also the main reason why many people think that they have encountered something rare when they see the 1943 steel penny. However, the truth is entirely the opposite as these pennies are not considered that much rare.
Unlike what people think, the 1943 Steel Penny Value is not that much and in this article, we are going to tell you all about this penny and its actual cost.
Why is the 1943 Steel Penny different?
As we have mentioned, the 1943 Steel Penny is unusual mainly because of its nature. The penny was minted using steel and was coated with zinc which gives it a silver effect. The year 1943 saw the United States of America invest heavily in World War II and this required copper. Copper was used to create munitions and shell casings which is why the government decided to stop minting coins using copper, rather they minted coins using steel and coated them with zinc. This is how the 1943 Steel Penny came into being.
However, the use of zinc also led to the decreasing value of these coins as zinc oxidises over time by coming in contact with moisture. Over the years, the silver colour of the coin was turned into an ugly and dull grey. It started eroding which showed the steel beneath the zinc coat. The public was also not happy with the coins as it was the same size as a dime which often led to confusion.
Exploring the Value of 1943 Steel Penny
Now that you know why the 1943 Steel Penny is unusual, you need to know that these pennies are not highly valuable. The worth of one penny is between 10 and 13 cents if it is still in circulation; however, the coins that are not being circulated are valued at 50 cents more.
If you are a coin enthusiast and want to get a 1943 Steel Cent then, you need to know about the correct price so that you do not get scammed while buying the coin. Take a look at the correct price of these coins.
| Date & Mint | Circulated | Uncirculated | ||
| Buy | Sell | Buy | Sell | |
| 1943 Zinc | $0.10 | $0.06 | $2.60 | $1.90 |
| 1943-D Zinc | $0.13 | $0.09 | $3.50 | $2.40 |
| 1943-S Zinc | $0.18 | $0.12 | $6.10 | $4.50 |
This is the basic value of the 1943 Steel penny that you need to know if you are interested in adding the coin to your collection. The alphabetical marking on the coins represents the place where the coins were minted for example: D signifies Denver and S means San Francisco. On the other hand, the few copper coins that were minted in 1943 by error are some very valuable coins that will make your collection better.
