My grandmother gave me this pennie when she passed away in October 14, 2006 she was 90 years old. Grandma told me that she had never took it in cause she was scared that someone would lie to her and try to steal it. My grandfather was a small coin collecter. He happen to get this pennie while at war and has been in the family many years. I have just learned that it is worth MILLIONS. That least , I think.
2007-12-10 03:01:47 · 11 answers · asked by bobbi jo m 1 in Games & Recreation ➔ Hobbies & Crafts
Thank you for all for responces. I found out that it is made of copper and I am going to keep it the fam. I know that it is worth a lot but I am going to keep it for my boys .
2007-12-13 10:15:34 · update #1
If the coin was double stamped/ half stamped or had other errors then it might be worth alot. however if you are talking about a penny from 1943 it still might not be worth that much if you mean from 1843 then it could be worth much much more.
I have added a site to an huge auction house where they can appraise it for you and help generate interest into your item.
They get a percentage of the sale so they would want it to sell for the highest amount you win they win. hope this helps.
2007-12-10 03:17:04 · answer #1 · answered by Blessed Rain 5 · 1⤊ 0⤋
Because of WWII, the pennies were not made from copper. They were made out of steel. The copper was needed in the war effort. A few copper pennies were made and they are kind of valueable.
http://www.austincoins.com/RCU-penny_pennies.htm
According to the article, the most one of these pennies has ever brought was $80,000. One thing to watch for is fake copper pennies. Some people take the steel pennies and copper plate them. You can find these for sale on Ebay.
http://cgi.ebay.com/Impossible-1943-Copper-Penny-Gag-Gifts-Oboy_W0QQitemZ370002239817QQihZ024QQcategoryZ1467QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
One way to check yours is to see if a magnet will stick to it. If it sticks then it is copper. If there is no attraction between the coin and the magnet, then it is copper.
Another thing to watch out for is some collectables are being reproduced overseas. A company in China might make their own "1943 Pennies". It would not be hard for them to do it. Then sell them in the US to collectors who do not realize that the penny is a fake. It will appear to be copper and the magnet will not catch it. There are ways to tell, but you will need an expert in coins to figure those out.
You will probably need to find a dealer. First off, to verify the coin is an actual 1943 penny and then to find a buyer for the coin. It is not like you can stand on the street corner and hock it. You need to find a coin collector interested in it. A coin dealer will help you on that. Also, a coin dealer will be able to properly appraise the value. That article I quoted is just an article. Who knows if they have their information correct and who knows if the value is still holding today if the info was correct.
Do some research before you trust a dealer. Find out how long the person has been in business. Check the BBB on the person to see if they have anything on them. Visit the person's store a few times and talk about coins but do not mention that you have a potentially valuable coin. Get to know the dealer first and then make a decision. There are some shady characters out there that you want to avoid.
Finally, learn as much as you can about coin collecting as you can. Learn how to grade the coin and tell where it was minted and things like that. Do some research. Buy a few books. Know what you have and how to discuss it with others before you try to sell it. If you come across as a novice then it will be easier for someone to take advantage of you.
2007-12-10 03:21:01 · answer #2 · answered by A.Mercer 7 · 1⤊ 0⤋
The only 1943 cent that may come close to a million or at least a few 100 thousand, not millions, is the copper one. If you have the silver colored one it is not worth very much due to the vast amount minted. If copper colored try a magnet, if it sticks it is a copper coated steel cent with a zinc coating. Most coin dealers are honest folks, but it is best to take it to more than one. You can also sent it by registered insured mail to ANACS for they are an authentication service. Their site is www.anacs.com. They are a very reputable business have have been around a very long time. Hope this helps.
2007-12-10 07:15:01 · answer #3 · answered by Taiping 7 · 1⤊ 0⤋
That's a steel penny. Almost all 1943 pennies were made of steel because there was a copper shortage due to the war. One in very good condition might be worth 50 cents or so. Most of them are worth 10 to 15 cents.
2016-05-22 11:40:02 · answer #4 · answered by amada 3 · 0⤊ 0⤋
I just did some research on this. The first thing you need to do is determine if the penny is actually copper. Copper wasn't used for pennies in 1943, due to the copper shortage during the war. Some copper pennies were made by mistake, and that's what makes them rare. If a magnet sticks to it, it's steel, and worth 15 cents. If it really is copper, take it to a coin dealer to determine it's value. If you're worried about getting ripped off, take it to more than one. They will be happy to give you an estimate, and you are under no obligation to sell it to them.
2007-12-10 03:10:52 · answer #5 · answered by Tiss 6 · 4⤊ 0⤋
If your penny is a 1943D, Boldly Double Mint mark, it could be worth $75.00. There was a shortage of copper during the critical war year 1943, the Treasury Department resorted to the use of zinc-coated steel for cents. No bronze cents were officially issued in 1943. A few specimens struck on bronze planchets by error are known to exist. Through a similar error, a few of the 1944 cents were struck on steel planchets.
2007-12-10 03:16:22 · answer #6 · answered by crazynays 4 · 2⤊ 0⤋
no its not worth millions trust me your egsadurating.
i collect coins i have coins that date back at least 1000 years
and even those arnt that expensive.
i am not super proud of my old coins but my favourite is a very large round chinese coin.
perfectly made no scartes no dents.
smooth made of bronze i think.
and shines when ligght is put on it it looks like gold.
and that dates back to about 1000 a.d and thats only worth about 15 or 20 pounds.
the coin you have is not worth 1,000,000 sorry for the inconvienience.
i even have a realy old 500,000 pound note from some other country.
its a shame its too old to use it i could buy so many things.
and no one would steal your coin.
if its special too you, you should keep it.
keep it as your pride coin.
or jsut sell it on ebay for about 5 - 10 pounsds....
its up to you.
im sorry if i ruinded your day of glory but thats not what i meant to do.
i just gave you an answer.
im an honest person take my advice or not.
if you think something then you can think that but i know.
well thats the end of my question.
i hope iv'e been of help if i havnt.
im very sorry.
and im very sorry about your grandmother.
i hope she had a nice life.
bye.
2007-12-10 03:18:14 · answer #7 · answered by John Henry B 2 · 1⤊ 0⤋
There are several pennies like that around. I was born that year, and used to collect them, so know they are not worth that much. Go take it to a coin dealer, and you'll find out. Go on ebay and see what they are going for. It's not that much.
2007-12-10 09:36:13 · answer #8 · answered by LIPPIE 7 · 0⤊ 0⤋
Personally I wouldn't sell the penny to anyone. It would hold a high sentimental value that no ammount of money could pay off.
As for a real value, not too much, but you might get something out of it if someone really wants it.
2007-12-10 03:09:21 · answer #9 · answered by Labman 2 · 0⤊ 1⤋
Dont get your hopes up, I highly doubt it is worth that much....maybe a few bucks at the most.
2007-12-10 03:05:35 · answer #10 · answered by Anonymous · 2⤊ 1⤋