Steel Penny Worth Millions

The penny was erroneously made of bronze instead of zinc coated steel at.

Steel penny worth millions. Collectors have paid huge sums of money for this coin. For the world s rarest and most coveted pennies in the world values are well over 100 000 and approaching 2 million. In that year almost 4 million proof coins were issued reaching a current price of 1 75. Mint perhaps a few leftover copper planchets from 1942 were.

A 1943 lincoln penny that soared in value because it was made from the wrong material reportedly has sold for 1 million. While the standard price is usually the obvious value of one cent if the coin is in a mint state this 1964 penny can cost about 12 this includes 1964 d pennies too. The finest known 1792 birch cent sold at a heritage auction in 2015 for nearly 2 6 million. Some little pieces of copper can be worth some very large dollar amounts.

A penny s worth depends on its quality and rarity. 1944 steel wheat penny. A rare 1943 lincoln penny mistakenly struck in bronze instead of zinc coated steel has reportedly sold for 1 million. During world war ii copper was needed for the war effort and the copper penny was converted to steel.

The story behind copper 1943 lincoln pennies is presumed to be a pure accident at the u s. 1 1944 steel wheat penny worth 110 334 2 1943 copper wheat penny worth 85 782 3 1873 indian head penny worth 10 000 4 1914 d wheat penny worth 5 500 5 1922 d wheat penny worth 5 000 6 1877 indian head penny worth 3 200 7 1926 wheat penny worth 3 000 8 1909 s indian head penny worth 2 250 9 1909 s vdb wheat penny worth 2 200. From the little bit of copper left in the hopper about 40 bronze 1943 lincolns were minted. Rare 1943 lincoln penny sells for 1 million fox news fox news.

Bonus how much are 1964 us pennies worth. Some counterfeits were created with steel cores. Rarity is a significant factor in determining a penny s value.