Notes: This coin is sometimes called a Silver Penny by those who aren't sure exactly what it is. While these coins may look like silver, the 1943 cent is actually 99% steel with a 1% zinc coating to make it look silverish. In the year 1943 the United States issued the steel penny because the copper was needed for World War II. The steel or silver look is actually the result of the mint using a Zinc coating. The composition of this coin is 99% steel with a thin layer of zinc. See photo above for actual example. The 1943 Steel Wheat Penny is much akin to the 1943 War Nickel in that both coins were issued with alternate metal compositions in order to save metal for the war.
This section is more for experienced collectors only, and rates refer only to professionally graded and slabbed coins. If you are new to collecting the prices below may not make much sense.
Breakdown of pricing per condition for 1943 Steel Wheat Penny as follows.
- Grade MS61 = $2-$3
- Grade MS62 = $5-$8
- Grade MS63 = $8-$13
- Grade MS64 = $15-$25
- Grade MS65 = $26-$44
- Grade MS66 = $41-$69
- Grade MS67 = $338-$563
- Grade MS68 = $3,000-$5,000
Is the list above a little overwhelming? If so, take 5 minutes to learn all about Coin Grading.
It's also important to note...Prices are subject to the same supply and demand laws as everything else. Coins sold at the same auction house 10x, would fetch drastically different bids each session. To raise your chances of receiving top dollar read How to Get the Most for your Coins.
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How much is a 1943 Steel Wheat Penny worth?
This section is more of a layman's guide, for those new to collecting.
In Average Circulated (AC) condition it's worth around 45 cents, one in certified mint state (MS+) condition could bring as much as $10 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1943, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].
If you are a fan of coin roll hunting or just want to learn more about steel wheat pennys then search or scroll below to find the most valuable and rarest in this series.
The most valuable Steel Wheat Penny's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.
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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.
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