Think your spare change is just a pile of ordinary coins? Think again. Among the pennies that pass through our hands daily, there are a few extremely rare and valuable ones hiding in plain sight. One of these coins—a simple-looking penny—has sold for as much as $125,000. It’s time to take a closer look at your pocket change. You might just be sitting on a fortune without even knowing it.
1943 Copper Penny
During World War II, the U.S. Mint switched from copper to zinc-coated steel for pennies to conserve copper for the war effort. However, a small number of 1943 pennies were accidentally struck in copper, creating one of the rarest and most valuable coins in American history. Only about 10 to 15 authentic copper 1943 pennies are known to exist.
If you happen to find a 1943 penny that sticks to a magnet, it’s steel. But if it doesn’t stick, you could be holding a copper version worth up to $125,000 or more, especially if it’s in good condition.
What Makes It So Valuable?
The 1943 copper penny is an error coin, and its rarity is what drives its sky-high value. It’s believed that the copper planchets left in the coin press by mistake were used at the beginning of production, making these coins true mint errors. Because they weren’t supposed to exist, collectors are willing to pay top dollar to own one.
How to Tell If You Have One
Finding a 1943 penny is common—but finding a genuine copper 1943 penny is not. Here’s how you can check:
- Use a magnet: Steel pennies will stick. Copper ones won’t.
- Check the color: Copper coins have a brown or reddish hue, while steel pennies appear gray.
- Get it authenticated: If you suspect yours is copper, have it verified by a coin grading service like PCGS or NGC.
Small Coin, Big Reward
The next time you’re counting out change, don’t ignore those pennies. The 1943 copper penny is a perfect example of a common-looking coin with an extraordinary value. With prices reaching $125,000, this rare coin could be hiding in a jar, drawer, or coin purse near you. A few seconds of inspection might lead to a life-changing discovery!
FAQ’s:
1. What is the 1943 copper penny worth?
Depending on condition, it can sell from $85,000 to over $125,000 at auction.
2. How do I know if my 1943 penny is copper?
Test it with a magnet. Copper pennies won’t stick, while steel ones will.
3. How many 1943 copper pennies exist?
Only about 10 to 15 authentic examples are known to exist.
4. What should I do if I think I have one?
Do not clean it. Have it authenticated and graded by a reputable service like PCGS or NGC.
5. Are fake 1943 copper pennies common?
Yes. Some are altered steel pennies. Professional grading is key to confirming authenticity.