Imagine finding a penny in your pocket change that’s worth over $500,000. It might sound like a fantasy, but certain Lincoln pennies are exceptionally rare and highly valuable to collectors.
One such coin is the 1943-S Bronze Lincoln Wheat Penny. Understanding its unique characteristics can help you identify if you have this hidden treasure.
The 1943-S Bronze Lincoln Wheat Penny
The Lincoln Wheat Penny, minted from 1909 to 1958, features Abraham Lincoln’s portrait on the obverse and two wheat stalks on the reverse. However, not all these pennies are created equal. A particular variety, the 1943-S Bronze Lincoln Wheat Penny, stands out due to its rarity and value.
Historical Context
During World War II, the U.S. Mint faced a copper shortage and switched to zinc-coated steel for penny production in 1943.
However, some bronze planchets from 1942 remained, leading to accidental bronze pennies being minted in 1943. Among these, the 1943-S variety is particularly scarce.
Key Characteristics
- Year: 1943
- Mintmark: ‘S’ (San Francisco Mint)
- Composition: Bronze (95% copper, 5% tin and zinc)
- Diameter: 0.75 inches (19.05 mm)
- Weight: 3.11 grams
Estimated Value
Due to their rarity, 1943-S Bronze Lincoln Wheat Pennies can fetch significant amounts at auctions. For instance, a specimen sold for $840,000 in 2021. Values vary based on condition, with well-preserved coins attracting higher bids.
Identifying the 1943-S Bronze Penny
To determine if you have this valuable coin:
- Check the Year and Mintmark: Ensure the coin is dated 1943 and bears an ‘S’ mintmark.
- Assess the Weight: Use a precise scale; the coin should weigh approximately 3.11 grams.
- Inspect the Composition: A magnet can help; bronze pennies are not magnetic, while steel ones are.
Comparison of 1943 Penny Varieties
| Variety | Mintmark | Estimated Value | Number Known |
|---|---|---|---|
| 1943 Bronze (S) | S | Up to $840,000 | Few |
| 1943 Steel (S) | S | Face value | Common |
| 1943 Bronze (D) | D | High six figures | Few |
| 1943 Steel (D) | D | Face value | Common |
| 1943 Bronze (P) | P | High six figures | Few |
| 1943 Steel (P) | P | Face value | Common |
Preservation Tips
- Avoid Cleaning: Cleaning can reduce a coin’s value.
- Use Proper Storage: Store coins in acid-free holders to prevent damage.
- Handle with Care: Use gloves to avoid transferring oils from your fingers.
While the chance of finding a 1943-S Bronze Lincoln Wheat Penny in circulation is slim, it’s not impossible. Regularly examining your pocket change could lead to a delightful discovery.
If you believe you’ve found one, consult with a professional numismatist or coin grading service for authentication and valuation.
FAQs
How can I tell if my 1943 penny is bronze or steel?
Use a magnet; bronze pennies are non-magnetic, while steel ones are magnetic.
What should I do if I find a potentially valuable penny?
Handle it carefully, avoid cleaning, and consult a professional for authentication.
Are there other valuable Lincoln pennies to look for?
Yes, varieties like the 1909-S VDB and the 1955 Double Die are also highly sought after.