Update: In January 2019, a rarely 1943 copper penny was marketed at legacy Auctions because that $204,000. Front of the auction, professionals said the penny might have fetched an ext than a million dollars. The winning bidder to be Tom Caldwell that Concord, Massachusetts. CBS News reports that one more of the 1943 copper pennies sold for $1.7 million in 2010.

You are watching: How much is a 1943 silver penny worth

We’ve seen civilization do part crazy points with pennies, but it turns out that there is a specific copper penny out there that might make girlfriend a small fortune of end $200,000 if you find it.


As friend may have heard, the current expenses for producing a penny much exceeds the actual value of it. The reasons for this are since of the prices of production and the product of a penny. Currently, a modern-day penny is made out of greatly zinc. But for many decades, the penny was actually made out of other materials like copper. However, that readjusted in people War II.

In 1943, the U.S. Remained in a little bit of a copper shortage. It appears that copper to be critically required for the war effort. Any type of non-defense product that supplied copper, consisting of pennies, needed to discover a copper substitute. This adjust would aid the U.S. Success the war.

At first, the U.S. Mint provided glass to develop some pennies. Eventually, they made decision to usage steel to do the pennies in 1943. Return this seemed favor a an excellent idea, the Mint quickly regretted using steel together an alternate for pennies. It turns out that world commonly confused steel pennies with dimes and they wreaked havoc on magnet-based vending machines.

Source: Wikimedia Commons

After the battle ended, the Mint began to produce copper pennies again. However, in 1943, the Mint created a couple of copper pennies. Around 40 copper pennies to be struck in 1943. One possible reason because that this is due to the fact that the copper plates were accidentally left in a few machines.


While the 1943 steel pennies space worth a couple of bucks, the rare copper version is worth more. One report argued that, relying on the problem of it, the 1943 copper penny can be worth anywhere from $60,000 come $85,000.

Copper coin Counterfeits

Twelve of these pennies exist and also a few of them room still in circulation, so that is worth maintaining your eyes peeled for them. However, there room some fake version of the 1943 copper penny out there. The counterfeit coins to be originally introduced as a novelty item, however some have actually remained in circulation. The method to detect if your 1943 penny is made out of copper is by utilizing a magnet. If the penny sticks to the magnet, that is made out of stole — not copper.

Source: Wikimedia Commons

Keep your eyes open up for this rarely penny — and you might be approximately $200,000 richer if you find it.

Editor’s Note: This short article was initially published in April 2017.

See more: How Old Is Bhad Bhabie Today, Bhad Bhabie Made $1M Hours After Onlyfans Debut

It has been to update throughout.(H/T: little Things)