$43K Lincoln Wheat Penny Is Still in Circulation: Imagine discovering a penny in your pocket change that’s worth not one cent, but over $43,000. It might sound like a fantasy, but for a few lucky individuals, this dream has become a reality. The 1943 copper Lincoln Wheat Penny is one of the rarest and most valuable coins still possibly circulating today. This in-depth guide will walk you through everything you need to know about spotting this elusive coin — from its historical context to how to authenticate one if you believe you’ve found it.
$43K Lincoln Wheat Penny Is Still in Circulation
The 1943 copper Lincoln Wheat Penny is more than just a piece of metal — it’s a fascinating piece of American history and a collector’s holy grail. Whether you’re a casual collector, an investor, or just someone checking their pocket change out of curiosity, knowing what to look for could lead to a life-changing discovery. And with proper knowledge, testing methods, and authentication services, you’ll be well-equipped to identify this rare treasure if you’re ever lucky enough to come across one.
| Aspect | Details |
|---|---|
| Historical Context | In 1943, during WWII, the U.S. Mint produced pennies from steel to conserve copper for the war. A few copper pennies were mistakenly minted, making them extremely rare. (usmint.gov) |
| Estimated Quantity | Approximately 40 known authentic 1943 copper pennies exist today. |
| Potential Value | Depending on condition and mint, these coins can range from $100,000 to over $1 million. |
| Identification Tips | Use a magnet test (copper is non-magnetic), weight test (should weigh about 3.11 grams), and visual inspection of the date. |
| Authentication Advice | Always get a professional opinion from third-party grading services like PCGS or NGC. |
Why Was the 1943 Copper Penny Created?
During World War II, copper was a valuable wartime resource, used for ammunition, telephone wires, and other equipment. To help the war effort, the U.S. Mint temporarily stopped using copper in pennies and switched to zinc-coated steel in 1943.
But here’s the twist: a few leftover copper planchets (coin blanks) from 1942 were mistakenly used in 1943. These rare coins were never meant to be made — but a handful slipped through the cracks and into circulation.
How Rare Is It?
Experts believe only around 40 genuine 1943 copper pennies have ever been found. Most of these are in the hands of collectors or museums, but there’s still a chance — however slim — that one could turn up in everyday pocket change.
How to Spot a $43K Lincoln Wheat Penny Is Still in Circulation (Step-by-Step Guide)
1. Check the Date
Look for the year 1943 on the front of the penny. Be cautious — some forgers have altered 1945 or 1948 pennies to look like 1943.
2. Do the Magnet Test
Copper is non-magnetic, but steel is. Grab a refrigerator magnet and place it near the penny. If it sticks — it’s steel. If not — it could be copper.
3. Weigh the Coin
Use a precise digital scale. A copper penny weighs approximately 3.11 grams, while the 1943 steel penny weighs around 2.7 grams.
4. Inspect the Mint Mark
Check below the date:
- No mint mark = Philadelphia
- “D” = Denver
- “S” = San Francisco
All three mints are known to have mistakenly produced copper pennies, but the 1943-D is the rarest.
5. Look for Signs of Tampering
Fake coins may have altered dates or be copper-plated steel. Scratches or inconsistencies around the “3” in “1943” are red flags.
Real-Life Example: The Story of Kenneth Wing
In 1944, teenager Kenneth Wing found a 1943-S copper penny in circulation. He held onto it for decades. After his passing, the coin was authenticated and sold for a substantial sum. His story proves these treasures can still be discovered — and underscores the importance of keeping your eyes open.
What If You Think You Found One?
1. Don’t Clean It
Cleaning the coin can damage its surface and reduce its value.
2. Get a Professional Opinion
Send your penny to a certified coin grading service like:
- PCGS
- NGC
They will test the coin’s authenticity and assign it a grade, which heavily impacts its resale value.
3. Visit a Trusted Coin Dealer
Local coin shops or experts at coin shows can also provide insights, but always follow up with an official authentication before selling.
Notable Auction Sales
- 1943-D Copper Penny: Sold for $1.7 million in 2010.
- 1943-S Copper Penny: Valued between $300,000 – $1 million depending on condition.
- 1943 (Philadelphia): Has sold for $100,000+ in verified conditions.
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Frequently Asked Questions About $43K Lincoln Wheat Penny Is Still in Circulation
Q: Can I still find a 1943 copper penny in circulation?
A: It’s extremely unlikely — but not impossible. Checking your change is still worth a shot, especially if you regularly handle coins.
Q: What is the most valuable 1943 copper penny?
A: A 1943-D copper penny sold for $1.7 million. It’s considered the rarest of the known examples.
Q: How can I tell if a 1943 copper penny is fake?
A: Use a magnet and check for altered dates. Fake coins often weigh less or show signs of tampering.
Q: How should I store rare coins?
A: Use acid-free holders or certified coin slabs. Keep them in a dry, climate-controlled space away from direct sunlight.
Q: Can copper-plated steel coins fool collectors?
A: To the untrained eye — maybe. But a simple magnet test or professional authentication will quickly reveal the truth.
