Rare coins are every collector’s dream, and among them, the 1943 Bronze Lincoln Wheat Penny stands as one of the most valuable. It may look like an ordinary penny at first glance, but this little coin can fetch up to $2.1 million at auction. Most people don’t realize that they may already have one lying around in a jar, drawer, or old coin collection.
In this article, we’ll explore how to identify this rare penny, why it’s worth so much, and how you can determine whether your Lincoln penny might be a treasure in disguise.
Why Is the 1943 Bronze Lincoln Wheat Penny So Valuable?
During World War II, the U.S. Mint was facing a copper shortage because copper was needed for military equipment. To save metal, the U.S. started minting pennies using zinc-coated steel in 1943. However, by mistake, a few pennies were still made using the bronze (copper alloy) planchets from 1942.
Only a few dozen of these bronze pennies are known to exist today, making them extremely rare and highly valuable to collectors.
Key Features of the Rare 1943 Bronze Penny
Use the table below to help spot the differences between a regular 1943 steel penny and the rare 1943 bronze penny:
| Feature | 1943 Steel Penny | 1943 Bronze Penny (Rare) |
|---|---|---|
| Color | Silver-gray | Reddish-brown |
| Material | Steel coated with zinc | 95% copper, 5% tin and zinc |
| Magnetic? | Yes | No |
| Weight | 2.7 grams | 3.11 grams |
| Date | 1943 | 1943 |
| Mint Mark | D, S, or no mark | D, S, or no mark |
| Estimated Value | $0.10 to $1.50 | Up to $2.1 million |
Steps to Identify a $2.1M Lincoln Wheat Penny
1. Check the Year
The most important detail: the penny should be dated 1943. That’s the year this mistake happened. If your 1943 penny is copper-colored, you may have a rare one.
2. Look at the Color
Steel pennies have a shiny, silver look due to the zinc coating. If the penny looks copper or bronze, it could be rare. However, be careful — some people try to plate steel pennies with copper to trick collectors.
3. Use a Magnet
This is one of the simplest tests. Steel is magnetic; bronze is not. Hold a magnet close to the penny. If it sticks, it’s steel. If not, it could be bronze.
4. Weigh It
Use a precise digital scale. A regular steel 1943 penny weighs around 2.7 grams, while a bronze version weighs about 3.11 grams. A heavier 1943 penny is a good sign.
5. Get It Verified
If your penny passes all these tests, take it to a professional coin dealer or send it to a grading service like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation). They can authenticate and grade your coin.
Common Mistakes People Make
-
Assuming all copper-colored 1943 pennies are valuable – Many are steel coins that were plated with copper later.
-
Confusing 1943 with 1948 – Always double-check the date. The number “3” in 1943 is often mistaken for an “8” due to wear.
-
Ignoring damaged or worn coins – Even a worn 1943 bronze penny can still be worth a fortune.
Where to Look for Rare Pennies
-
Old coin jars
-
Pocket change from older relatives
-
Estate sales or garage sales
-
Coin shows and flea markets
Final Thought
The next time you go through your coin collection or pocket change, take a closer look at your pennies — especially the ones from 1943. The rare bronze Lincoln Wheat penny may appear ordinary, but it could be hiding in plain sight. With just a few simple tests and some patience, you might uncover a multi-million dollar treasure sitting unnoticed in your home.
Remember, it’s not just about luck — it’s about knowing what to look for.
FAQs
Q: What makes the 1943 bronze penny so rare?
A: It was minted by mistake during a time when the U.S. was producing steel pennies due to copper shortages during WWII. Only a few bronze versions slipped through.
Q: How many 1943 bronze pennies are known to exist?
A: Fewer than 20 to 30 authentic examples are believed to exist.
Q: Can I sell a 1943 bronze penny myself?
A: It’s best to go through a reputable auction house or coin dealer. You should first get the coin authenticated and graded.
Q: What if my 1943 penny is magnetic?
A: Then it’s a regular steel penny, likely worth between 10 cents and $1.50, depending on condition.
Q: How much is a real 1943 bronze penny worth today?
A: Depending on condition and mint mark, it can be worth anywhere from $100,000 to over $2.1 million.