It is estimated that there were 40 1943 copper pennies produced, and of those 40, there are 27 known surviving coins. Their rarity makes them one of the most coveted and sought-after items in American numismatics.
What Makes the 1943 Copper-Alloy Penny Special?
Copper pennies were struck by mistake in 1943, as the composition of the cent coin had changed to zinc-coated steel amidst the copper conservation effort of World War II. These are error coins and were produced because of copper blanks left in the press hopper from 1942, which resulted in a few copper pennies.
The Value of a 1943 Copper Cent
A coin’s value is dependent on its rarity, condition, and market demand. The 1943 copper cent is one of the rarest coins in American numismatics and is in high demand among collectors. The estimated value of this error coin ranges from $100,000-$900,000. One 1943-D copper cent was listed by the Professional Coin Grading Service (PCGS) for $1,500,000.
How to Tell If Your 1943 Cent is Steel or Copper
- The magnet test. Steel is magnetic, but copper is not. If your 1943 cent is not magnetic, you may have a valuable cent.
- Weigh your cents on a scale. The 1943 steel cent weighs 2.7 grams, and the 1943 copper cent weighs 3.11 grams.
- Examine the date. If the date does not look quite right, your penny may be another issue that has been altered to pass for a 1943 issue.
Why Was Copper Conserved During World War II?
Copper was vital to the war effort. The American use of copper during World War II was several times more than the consumption of copper before the war. Its uses were not limited to ammunition and assault wire. Copper was also used in massive quantities for every piece of floating, rolling, and flying equipment, as well as for radios aboard that equipment and radios in the field.
The United States government worked to establish a rationing system to conserve copper. A number of points in the form of stamps were issued to each American citizen, including children and babies. These stamps were turned in with payments to buy restricted goods, even food. For example, a pound of bacon cost 30 cents and seven ration points in 1943.
