my father told me that he seen that if you have a penny that sticks to a magnet it was worth 1 million dollars and they were looking for the three that are out there. and i have one from 1943 that is steel and it sticks to a magnet.
2007-12-18 08:04:16 · 15 answers · asked by Ivy_N_Jeremy 1 in Business & Finance ➔ Investing
No, it's the brass ones from that year that are rare. The steel ones are very common.
2007-12-18 08:08:33 · answer #1 · answered by CNJRTOM 5 · 2⤊ 0⤋
1943 Steel Penny Worth
2016-12-15 08:28:27 · answer #2 · answered by cruickshank 4 · 0⤊ 0⤋
Penny 1943
2016-10-05 10:13:10 · answer #3 · answered by birch 4 · 0⤊ 0⤋
This Site Might Help You.
RE:
i have a 1943 steel penny that i heard was worth 1 million dollars?
my father told me that he seen that if you have a penny that sticks to a magnet it was worth 1 million dollars and they were looking for the three that are out there. and i have one from 1943 that is steel and it sticks to a magnet.
2015-08-10 15:24:00 · answer #4 · answered by ? 1 · 1⤊ 0⤋
According to the American Numismatic Association, the 1943 copper-alloy cent is one of the most idealized and potentially one of the most sought-after items in American numismatics. Nearly all circulating pennies at that time were struck in zinc-coated steel because copper and nickel were needed for the Allied war effort.
40 1943 copper-alloy cents are known to remain in existence. Coin experts speculate that they were struck by accident when copper-alloy 1-cent blanks remained in the press hopper when production began on the new steel pennies.
A 1943 copper cent was first offered for sale in 1958, bringing more than $40,000. A subsequent piece sold for $10,000 at an ANA convention in 1981. The highest amount paid for a 1943 copper cent was $82,500 in 1996.
Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies.
The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper. If it does not stick, the coin might be of copper and should be authenticated by an expert.
To find out about coin experts in your area, you may call the American Numismatic Association at (719) 632-2646.
2007-12-18 08:10:10 · answer #5 · answered by Jeff 4 · 5⤊ 0⤋
i witness news caster mentioning a 1941 penny valued millions. i have 1941 and two 1943s. which i would sell for half that each. 1941 i believe is steel.
2015-12-06 14:43:24 · answer #6 · answered by leroymcntyr 1 · 0⤊ 0⤋
Holy cow!!! I have a 1940 something steel penny!!! I have got to check this out, tell how and where to look to find out when you find out.
2007-12-18 14:13:09 · answer #7 · answered by jeffery d 5 · 0⤊ 0⤋
He's messing with you, it's worth more than a penny, but not quite a mil.
2007-12-18 08:06:57 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Gee, give me first 1000000 pennies and let me count the dollars! Joke obviously it's 10,000 dollars! ^_^
2016-03-19 09:49:57 · answer #9 · answered by Anonymous · 0⤊ 0⤋
For the best answers, search on this site https://shorturl.im/SNQ0S
1,000,000 / 100 =10,000 Since you are dividing by 100 all you have to do is move the decimal place 2 spots to the left. 1000000. becomes 10000.00 which equals = 10,000
2016-04-01 09:54:38 · answer #10 · answered by ? 4 · 0⤊ 0⤋