This Penny is Worth $85,000. Do You Know How To Spot It?
This unique copper penny might be a fortune in disguise.
Certain 1970 quarters worth a lot of money. But specific one-cent coins can be better than a lottery ticket!
Copper pennies from 1943 are some of the most valuable coins on the market.
They might look like any other penny. However, a mistake on them formed during the printing process turned these cent coins into a very rare collectible. If on one of these precious cents lands on your hand, that's a truly unique and life event.
While America was at war in 1943, copper use suffered strict regulation. Saving copper was a priority so the American government decided to strike all new pennies on stainless steel.
Steel pennies are a rarity in their own right — more on that later — but copper pennies from 1943 are such a outstanding find that could be worth as much as $85,000
Prior to 1982, All Pennies Were Made of Solid Copper
1943 solid copper pennies are all extremely valuable because they are absurdly rare.
The rising cost of copper in 1982 forced the switch of the material we use to produce them. Modern pennies only have a copper veneer.
Prior to 1982, all pennies were made of solid copper, with the exception of one year.
Why is it a good idea to check our decade-old coins?
If you have any old coins in your home, you may want to sort through them before your next trip to the Coinstar.
Most of us don't pay much attention to our change. We don't even look at it very closely. Just remember, there could be some historic gems hiding in that big old jar in the kitchen.
Keeping an eye out for coins that are more than a few decades old can be a great investment. If they seem to have unusual features and weight, you better look twice. One specific 1943 coin is worth a whole lot more than a mere cent.
If you find a silver-toned penny, it might be your lucky day!
From 1943 to 1944, America fought World War II with our allies in Europe and Asia. The radio was a very new invention then, with a massive production of radios along with all that wiring. Also, copper was used as a thin layer cover for bullets.
Because the war enormous requirement of copper, the U.S. Mint was forced to stop striking pennies on that material, making them on steel instead.
It turned out that we still have some silver-toned 1943 pennies floating around, and they are quite valuable in their own right, relatively speaking.
Today, a steel penny in excellent condition might be worth 1000 times its face value.
The 1943 steel penny wasn't a brilliant idea. These pennies quickly began to rust.
Also, steel pennies were frequently mistaken for dimes. They even caused problems with vending machines that used magnets, because the zinc coating made the pennies magnetic, unlike copper coins. It's a good experiment to check the pennies in your wallet with a magnet in case you suspect it's one of these a historic gems.
The population reaction to the steel penny was not good either. People were confused and upset about the new look of the pennies. The whole experiment was unsuccessful.
The American government quickly attempted to remove all steel pennies from circulation and return to copper. Some steel pennies were coated with a copper veneer as a quick fix.
However, despite the mandate to use only steel in 1943, there were a few mistakes.
At some point, someone struck a very small number of 1943 pennies on copper instead of steel. There are only 3 confirmed in existence.
Any pennies like this were purely accidental and are extremely rare today, which is why they are so valuable. Just check any you find with a magnet to make sure they're the real deal.
If found in good condition, a copper 1943 penny is likely to be worth approximately $85,000.
To the right buyer, a mint-condition, untouched penny could be worth a great deal.
Even a damaged solid penny from that year could be worth a large amount of money.
That's why you should take a good look through all your small coins right now and see if they are one of these historic gems.
That insignificant looking coin in your wallet could be hiding a fortune.
Now go check your old coins
If you have friends who love collecting coins make sure to SHARE and spread the word!