That old penny sitting in your coin jar or tucked away in a drawer might look ordinary, but it could be a hidden treasure. Some rare pennies, especially those with unique minting errors or limited production, are now worth tens of thousands of dollars. One particular penny, known to collectors for its extreme rarity, has been sold for as much as $115,000—and it might just be hiding in plain sight.
1943 Bronze Lincoln Wheat Penny
Most 1943 pennies were made from steel coated in zinc due to copper shortages during World War II. However, a small number of 1943 Bronze (or copper) Lincoln Wheat Pennies were mistakenly struck using leftover copper planchets from 1942. These extremely rare coins look like typical copper pennies but were never meant to exist.
The mistake was caught too late, and only a few of these bronze pennies escaped into circulation. Today, depending on condition, they can fetch anywhere from $85,000 to over $115,000 at auction.
How to Identify the 1943 Bronze Penny
Spotting a 1943 Bronze Wheat Penny is easier than you might think if you know what to look for:
- Date: Check for the year “1943” on the coin.
- Color: If it’s copper-colored rather than silver (like a steel penny), you might have something special.
- Magnet Test: A genuine 1943 bronze penny will not stick to a magnet. A regular steel 1943 penny will.
If you find one that passes these checks, it’s worth getting it professionally authenticated.
Why Is It So Valuable?
This penny’s value comes from its extreme rarity, historical significance, and accidental creation. Since the U.S. Mint never intended to make copper pennies in 1943, the few that did make it out are considered minting errors of the highest order—making them highly prized by collectors.
A Penny Worth a Fortune
The 1943 Bronze Lincoln Wheat Penny is proof that even something as small and common as a penny can hold life-changing value. With some examples fetching more than $115,000, it pays to inspect your old change. You could be one lucky find away from discovering a small coin with a huge payoff.
FAQ’s:
1. How do I know if my 1943 penny is bronze or steel?
Use a magnet—if the coin doesn’t stick and looks copper-colored, it might be bronze.
2. How much is a 1943 Bronze Penny worth?
Depending on its condition and authenticity, it could sell for $85,000 to $115,000 or more.
3. How many 1943 Bronze Pennies exist?
Only about 15 to 20 verified examples are known to exist, making it extremely rare.
4. Where should I have my coin authenticated?
Use trusted services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company) for authentication.
5. Should I clean my coin before sending it for grading?
No. Cleaning can reduce its value. Always send coins in their original condition to professional graders.