- YouTube 0:00 / 7:28 Searching Old Pennies - Found a Fake 1944 "Steel" Penny! The 1944 S Steel Penny is one of the most valuable coins. These are approximateretail pricesand wholesale values. The Magnet Test Once you have a silver colored penny from 1944, you can do a simple magnet test to find out if it is the valuable steel The following table lists thebuy price(what you can expect to pay to a dealer to purchase the coin) andsell value(what you can expect a dealer to pay you if you sell the coin). However, these pennies are zinc plated steel with a silver color, similar to the 1943 penny. 1944 Steel Penny Values A coin in average condition has an estimated value of at least $77,000. The 1943 copper cent with approximately 20 to 40 made and some 12 known to exist today, this coin can command a price of around $150,000 to Could be plated. The 1944 steel penny is rarely on the market. "This is one of the neatest of all mint errors, and there are probably less than five mint state pieces known to exist. Particular coins being offered for sale may not have been included within particular indexes, and if included, may not have experienced the same market movements as the index as a whole. Is that common? $180,000 Hard to tell from uncropped photos, but looks plated to me. Experts estimated the surviving population of the 1944 Steel Cent to be in the range of 25-30 pieces, or about double that of the known population of 1943 Bronze Cents. When you weigh the penny, if it weighs 3.11 grams, it is a copper penny. With only a few 1944 steel cents known to exist, these coins are truly rare. Getting the 1944 steel wheat pennies in todays market isnt easy. The coining presses then produced 1944 pennies on zinc-coated steel planchets instead of bronze planchets. Manuel maturino, May 2, 2021, My coin sticks to the magnet and it weights 2.6 grams, 1944 steel penny I wanna get it graded cause I looked it up and it sticks to the magnet and it weights 2.6 grams so does it mean it's real. 06-20-2021 Heritage Auctions. And its a little rusty. Also, click here to Learn About Grading Coins. If the tail of the last digit in the date, the number 3, does not extend well below the bottom of the other numbers in the date, it is probably a cut-in-half 8 (see the photo above). Required fields are marked *. This caused problems with people's clothing leaving a rusting. In 1943, the pennies were made from a zinc-coated steel to help save copper for this ammunition. Double die. Here's a list of the top 10 most valuable pennies for 2023: The reason 1943 copper pennies are so rare is that all of them would have been released by error into the coin supply. The problem is that it resembled a dime, so officials changed it back to copper, but they made it using spent shell casings. Similarly, any 1944 steel pennies would have been released by error into the coin supply. WebThe 1944 steel penny is worth between $75,000 and $110,000, depending on its condition. Click here to Learn How to use Coin Price Charts. They differ in Suffix, Minor Variety, and Die Variety only. Metal was not the only commodity that was critical to the war effort. I have a 1944 steel penny it weighs 2.7 g jumps to a magnet is Philadelphia mint and it also has a little bit of rust on it I havent graded it had it graded or oftentation put on it but it is a real deal I will sell it for $30,000, Heritage Auctions The 1944 D steel cent is worth nearly $34,000 in average condition. The Steel cent of 1943 weighed 2.689 or 2.754 with tolerance overlapped, the 1944 Belgian 2 Fr. SOOUT OF THE APPROXIMATELY 15-20 1944 STEEL WHEAT PENNIES THAT WERE MADE IN ERROR10 OF THEM ARE OWNED BY ALL OF THE PEOPLE THAT POSTED ON HERE?? The coining press struck the copper planchets with the 1943 date. Therefore, the PCGS3000 should only be used as one guide to rare coin prices and historical price movements, and not as the sole source for determining the value or market history of a particular coin. Only 3 left. SOLD AT AUCTION. Save my name, email, and website in this browser for the next time I comment. Thus, the PCGS Population Report data for the 1944 Steel Cent is understated and should be ignored. WebYoull have zero chance of buying a fake one. Well, if you think it's genuine, send it in and find out. Lincoln cent as well. These can be valuable. So if you have a 1944 copper wheat penny is there any outrageous value? Read on to learn how to tell if a 1944 wheat penny is steel. The D or S mintmark is found under the date on the coin. It's easy! The 1944 steel cent is noted on the holder as "Struck on Steel Planchet" rather than "Struck on 1943 Steel Planchet" because there is a possibility that the blank came from a 1944 Belgian 2-Francs coin. Most people believe that all pennies produced by the United States Mint are made of copper. A quick way to check the authenticity of a 1944 steel penny is to see if it sticks to a magnet, according to Coin Trackers. As others have noted, neither four on your coin matches the style of the fours on a 1944. In 2008, a 1944-S steel cent in gem uncirculated sold for $374,000, making it the most valuable Lincoln cent ever sold at the time. This video will show you how to check for these rare coins! 1944 steel cent (any mint) 15 to 20 estimated; $85,000+ * Values are for coins in average circulated condition. I am no expert that is for sure you may want to take it to someone local before sending it off. Any genuine 1943 copper pennies are extremely rare mint errors. WHOEVER IS INTERESTING I WILL SEND PICTURES OF ALL ANGLES EVEN A SHORT VIDEO SO YOU SEE HOW JUMPS TO THE MAGNETIC. Our coin forum is completely free! It may be one of the most valuable pennies ever! Most numismatists believe that a few copper planchets from 1942 got caught in a gap in the tote. Did This Get Punched Wrong? 1959-D Lincoln Wheat Cent The pennies minted that year, during World War II, were supposed to be steel so that more copper could be used in the manufacturing of war materials. 1951-D 1 WRPM-078 Formerly Listed As WoMM-002? But most importantly, I have a 1944 steel wheat penny. If they believe it is authentic, you can ask them to submit it to a third party grading service on your behalf. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. I have ran into a 1944 steel penny about a few months and didnt realize what I had in my possession.So I gave it the magnet test.It stuck to my magnet and its weight is 2.7. Take it to the folks who run your state electric utility -- they're real smart; they will surely know. It sticks to the magnet and it weights 2.6 grams, So it can be counterfeit but it sticks to the magnet and it weights 2.6 grams, Not many were known to be around it could be the real deal.It is hard to tell from the photo but the 4 on the end doesnot look like the other 4. $30,550.00, 1944 s steel penny,ms68+,sticks to magnet,the real deal, the last real one sold in 2018 at heritage auction for $389,000+ in average condition. This penny is forsure real. Hello, yes, I have a 1944 wheat penny. 5.0 out of 5 stars 1. #duet with timetotravel007 Six figure penny being destroyed . You could be throwing away thousands of dollars. If your 1943 copper colored penny doesn't stick to a magnet, then use a magnifying glass to look at the date. PS: The "coin" is counterfeit. Chinese counterfeiters are manufacturing some high-quality counterfeit coins to deceive coin collectors in the United States. Wheat pennies made from 1944 to 1946 often were made using recovered ammunition shells from World War II. The coining presses then produced 1944 pennies on zinc-coated steel planchets instead of bronze planchets. Once you have a silver colored penny from 1944, you can do a simple magnet test to find out if it is the valuable steel penny or not. Additionally, the site reports that the 1943 copper penny in perfect condition is quoted at $250,000 and in average condition could be worth more than $60,000. All rights reserved. Mr.Bill347 Member: Seasoned Veteran 1,625 posts Joined: November 23, In 1944, the US government heard its citizens cries. Sign up for NBC South Florida newsletters. Susan Headley is a well-respected coin collecting expert and writer with over 30 years of hands-on numismatic experience. Professional Coin Grading Service (PCGS) - www.pcgs.com. Susan also belongs to the American Numismatic Society (ANS) and CONECA (error and variety coins club). 00. Prices are slightly higher than 1944 P pennies (no mint mark). Routing number of commercial bank of Ethiopia? The site also warns that many 1943 copper pennies are fakes because a 1948 copper penny can be filed down on the left side of the 8, making it look like a 3 instead. Doubled dies 3. WebAnswer: For a real one, probably low to mid five figures. Learn more about your silver-colored1943 Steel Penny. Other than relatively low quality, Philadelphia Mint 1944 steel cents and pieces that are severely damaged, all U.S. 1943 coppers and 1944 steels are currently worth more than than $30,000 each. The 1943 steel cent is so common and low in value that no one bothers making fakes. While authentic steel pennies will stick to magnets, fakes that are copper and zinc-coated will not. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. GRADE MS61 $1,700,000.00 PENNY. Essential goods were rationed to American citizens using coupon books issued by the government. Moisture came in contact with the coins as they circulated in commerce. Susan Headley is a well-respected coin collecting expert and writer with over 30 years of hands-on numismatic experience. The 1944 steel wheat penny could be worth as much as $408,000 in mint condition, and up to $10,000 in average condition, the site said. Ages: 168 years and up. In an August 2007 auction, a 1944 D Lincoln steel cent graded in MS63 sold for $115,000, according to PCGS. It's the COPPER '43 that has fakes out there. When compared to the PCGS example, it's falling short. She is a member of the American Numismatic Association (ANA) and holds several certifications. Some people got it confused with a dime that is almost the same size. Yeah, getting it authenticated by a. I do have a few 1944 copper pennies. It's a modern fake. Compared to the real deal (. How to Tell If a 1944 Wheat Penny Is Steel. Inherit some coins? I JUST INHERITED A 1944 D STEEL PENNY IN VERY GOOD CONDITION IT WEIGHS 2.7 GRAMS AND STICKS TO A MAGNET. IM NOT BUYING THAT AT ALL ! Randy @ 4792875574,,God bless. As moisture attacked the edge of the coin, it would rust regardless of the surface condition of the rest of the coin. The copper version is worth around $100, so it does have some value. And then if it is genuine, then you have a major rarity worth serious money. Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. $7.00 $ 7. PCGS is not responsible for the accuracy or authenticity of Ebay listings. Over time, people would find these copperplated steel pennies and think that they found a rare mint error. The finest example (the one illustrated here) is part of the Simpson collection of off-metal 1943 and 1944 Cents, the only complete collection ever assembled of these hugely popular coins. Philadelphia, Denver, and San Francisco all produced these ultra-rare 1943 copper pennies. In 1943, a few bronze pennies were also minted. Susan B Weird Mint Marks And Oddly Coloured Ones? Some have asked about my images I use and I'm glad to say, you can now you can see the DVD in sections on youtube: 1. A 1944 D Steel Penny in AU 53 sold for over $37,000. In 1943 all pennies minted by the United States mint were made out of zinc plated steel because the United States needed copper for World War II supplies. Only 14 left in stock - order soon. Also, the public rejected this new coin. 1944 Steel Penny How To Spot A Fake? If the coin sticks to the magnet, it's a copper-plated steel, and therefore a fake. If it does, your penny is worth about 15 cents as a novelty item. Where to seel, best bet would be through one of the large auction houses. Important note: Until recently, PCGS certified 1944 Steel Cents under their Mint Error program, which assigned the coins certificate numbers which were subsets of the normal 1944 Bronze Cents. If your 1943 penny does stick to a magnet, it's really made from steel and is not rare. What Else Happened When Your 1944 Penny Was Made? steel penny 1944 Parker Miller New Member I found this guy Yesterday I was wondering if you guys could help me out on if this is real or not. The manufacturing process for producing theplanchetswas also flawed. For Sale: 1800 B-13 BB-193 Draped Bust Dollar! If the tail of the last digit in the date, the number 3, does not extend well below the bottom of the other numbers in the date, it is probably a cut-in-half 8 (see the photo above). Your email address will not be published. When locked, you will be scrolled directly to this table for all coins. This matters because a 1944 steel penny can be worth more than $100,000, and there are only 15 to 20 in circulation. Once again, the totes contained a few zinc-coated steel planchets stuck in the crevices.
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