In 2012, a rare 1943-S Lincoln Wheat cent, mistakenly minted in bronze instead of the wartime-prescribed zinc-coated steel, was sold for over $1 million.
This coin, graded Mint State 63 Red by the Professional Coin Grading Service (PCGS), is one of the finest known examples of this error.
The buyer, Bob R. Simpson, co-chairman of the Texas Rangers baseball team, acquired it through Legend Numismatics. The coin’s rarity and pristine condition contributed to its high value.
The 1943 Copper Penny: A Wartime Error
During World War II, the U.S. Mint shifted from using copper to zinc-coated steel for penny production to conserve copper for the war effort.
However, a few bronze planchets from 1942 were inadvertently used in 1943, resulting in a small number of copper pennies being minted that year. These error coins are exceedingly rare and highly sought after by collectors.
Key Details of the 1943-S Bronze Lincoln Cent
| Feature | Details |
|---|---|
| Year Minted | 1943 |
| Mint Mark | S (San Francisco) |
| Composition | 95% copper, 5% tin and zinc |
| Weight | 3.11 grams |
| Diameter | 19 mm |
| Grading | PCGS MS63 Red |
| Sale Price | Over $1 million |
| Buyer | Bob R. Simpson |
| Seller | Legend Numismatics |
| Rarity | One of the finest known examples of the 1943-S bronze cent |
Why Is This Coin So Valuable?
The value of this coin stems from its rarity, historical significance, and condition.
- Rarity: Only a few 1943-S bronze cents are known to exist, making them extremely rare.
- Historical Significance: These coins were minted in error during a significant period in U.S. history, adding to their allure.
- Condition: The coin’s Mint State 63 Red grade indicates it is in excellent condition, further increasing its value.
The 1943-S bronze Lincoln cent stands as a testament to the fascinating world of numismatics, where historical anomalies can lead to extraordinary value.
Whether you’re a seasoned collector or a curious enthusiast, the story of this rare penny underscores the importance of paying attention to the coins in your possession—you never know what treasures you might find.
FAQs
How can I tell if I have a 1943 copper penny?
A genuine 1943 copper penny will not be attracted to a magnet, unlike the common steel pennies from that year. However, due to the prevalence of counterfeits, it’s essential to have the coin authenticated by a professional grading service.
Are there other rare pennies from 1943?
Yes, besides the 1943-S bronze cent, there are also rare 1943-D and 1943 (Philadelphia) bronze cents. Each has its own unique rarity and value.
What should I do if I think I have a rare coin?
If you believe you possess a rare coin, consult with a reputable coin dealer or submit it to a professional grading service for authentication and appraisal.