This is the 1943 1 cent coin that could be worth up to $1,700,000 dollars

To the surprise of many, some pieces of copper can be worth a small fortune and the The world’s rarest and most coveted pennies can range from $100,000 to $2 million. of dollars. But of course, rarity is a very important factor when determining the value of a penny, like a bronze one that sold for $1,700,000 dollars.

We are talking about the 1943 bronze Lincoln 1 cent coin, a piece that has been called “the holy grail” among collectors thanks to how special it is because of its production history. So it never hurts to check the drawers and change, to be sure that we don’t have one of these special coins with us. Keep reading to find out Why the 1943 Bronze Lincoln 1 Cent Coin is So Valuable, Its History and Other Details important.

What’s so special about the 1943 Lincoln 1 cent bronze coin?

In 1943 the United States switched from bronze alloy pennies to galvanized steel pennies.in order to preserve copper for other uses during World War II, but a small number of coins were minted by mistake on bronze plates left over from 1942.

It is estimated that the Philadelphia and San Francisco Mint released fewer than 20, but it was the one created by mistake at the Denver Mint which became the most valuable Lincoln cent in the worldaccording to Laura Sperber, president of Legend Numismatics, and so far only one specimen of this type is known.

How much could the 1943 Lincoln 1 cent bronze coin be worth?

The only Lincoln cent known from 1943 and minted in error at the Denver Mint on a bronze plate It sold in September 2020 for a record $1.7 million. by Legend Numismatics of Lincroft, New Jersey.

This special coin, which was not publicly known to exist until 1979, is certified PCGS MS64BN. Its new owner is a business executive from the southwestern United States who wants to remain anonymous, according to information shared by the Professional Coin Grading Service, or PCGS.

“The new owner is a prominent Southwestern business executive who has been collecting since he was a teenager, searching his pockets for rare coins. When he was young he thought he had found a 1943 copper cent in circulation, but it was not authentic. He still has it in his desk drawer, but he is now the only person to have assembled a complete set of genuine 1943 bronze cents, one from each Philadelphia mint, one from Denver, and one from San Francisco. ”Sperber said.

How do I know if my 1943 Lincoln cent is rarer or more valuable?

Yeah you found a 1943 lincoln penny and you want to determine if it is worth more, it is recommended:

• Check if your coin has a steel core. In 1943 the United States Mint switched from using copper to steel due to the shortage of the former. Copper core versions of the 1943 1 cent coins are worth exponentially more than steel core ones as they are considered a rare minting error.
• Check the condition of your penny because if it is in good condition, it is likely to have more value than a damaged or worn penny.

If you think you may have a rare 1943 penny, it never hurts to consult a professional numismatist for an expert opinion.

Keep reading:
– This is the 1 cent coin that could be worth up to $300,000 dollars
– Should you spend or save your $1 coins? The recommendations
– 10 commemorative coins that could be worth more than $100 dollars on the market