Silver Penny
Make Offer - 1465-1467 England United Kingdom Silver 1 Penny Edward IV Medieval English Coin 1776 Great Britain Silver “Old Penny” 1d Coin, PCGS, July 4th, Independence $299.91 6d 9h. The medieval silver penny was modeled on similar coins in antiquity, such as the Greek drachma, the Carthaginian shekel, and the Roman denarius. Forms of these seem to have reached as far as Norway. The 'Silver Penny' Is Not Rare. In 1943 the United States was preparing for war in Europe and in the Pacific. Copper is an essential metal in the manufacturing of ammunition. In order to save copper for the war effort, the United States Mint under the authority from Congress began making pennies from steel with a thin coating of zinc. Silver Penny is a marketing name for registered representatives of Lincoln Financial Advisors.
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- 1941 Silver Penny
- Silver Penny 1976
- Silver Mining Penny Stocks
- Silver Penny 1993
- Silver Penny Tile
Silver Penny Plant
CoinTrackers.com has estimated the 1943 Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $10. (see details)...
Type:Steel Wheat Penny
Year:1943
Mint Mark: No mint mark
Face Value: 0.01 USD
Total Produced: 684,628,000 [?]
Silver Content: 0%
Numismatic Value: 45 cents to $10.00
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around 45 cents, while one in certified mint state (MS+) condition could bring as much as $10 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1943, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: In the year 1943 the Unites States issued the steel penny because the copper was needed for World War II the steel look is actually the result of the mint using a Zinc coating. See photo above for actual example.
1941 Silver Penny
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Silver Penny 1976
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**When we say that 684,628,000, of these coins were produced or minted in 1943 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.
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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.
Silver Mining Penny Stocks
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Silver Penny 1993
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A silver penny is a type of one cent coin that was minted in the United States in 1943. Silver pennies were not actually made of silver, but rather of steel that had been thinly coated in zinc. For a collector’s item, these coins are relatively common, and are easily found in coin shops, even though it is rare to accidentally find a silver penny still in circulation.
The 1943 silver penny was struck in steel instead of the usual copper. This was due to the increased need to dedicate all available copper to the military during World War II. Military forces needed copper for use in ammunition and other wartime applications, and the silver penny was just part of the plan to conserve copper for the war effort.
Despite the patriotic motivation for this change, the results included some unforeseen problems. Steel tarnished even more quickly than copper, because of its high iron content. Rust also formed at the edges of the coin, quickly deteriorating them. Perhaps the most vexing problem was that new silver pennies could easily be mistaken for dimes when giving or receiving change for a purchase, due to their color as well as their lighter weight compared to copper pennies.
The public outcry that resulted from these problems led the US Mint to stop production of the silver penny after just one year, though there were also a few 1944 silver pennies made before the transition was completed. Large numbers of 1943 pennies were collected by the mints and destroyed, meaning that those that have survived are somewhat collectible. A 1943 silver penny that is in circulated condition is worth about $0.12 to $0.15 U.S. Dollars (USD), whereas one in brand new, uncirculated condition is worth about $0.50 USD.
The few 1944 silver pennies that were made are sometimes considered to have been minted in error, and in any case, they are much rarer that the 1943 variety, and can fetch a significantly higher price. Because of another, similar error, some of the pennies made in 1943 were minted in copper rather than steel. Like the 1944 silver penny, the 1943 copper penny is quite rare, with fewer than 50 ever made, and only about a dozen that have been located. One of these coins, still in new condition, was sold at auction for more than $200,000 USD in 2004.
Silver Penny Tile
In light of such prices, many counterfeit examples have been made by plating 1943 steel pennies with copper. This was also sometimes done to produce novelty items, rather than an attempt at fraud. Either way, the best method to tell a copper penny from a copper plated steel one is easy; steel is attracted to a magnet, while copper is not.