The 1943 Steel Penny was minted during WWII due to copper shortages. It's the only U.S. coin made of zinc-coated steel.
These unique pennies are collectibles, with values varying by condition, mint mark, and rarity.
Most common steel pennies in circulated condition are worth 10 to 50 cents, while uncirculated can fetch $1 to $3.
Error coins, like the 1943 copper penny, are highly valuable, often selling for over $100,000 at auctions.
Key factors affecting value: preservation, absence of rust, and original luster. Grading services can assess these.
Mint marks 'D' (Denver) and 'S' (San Francisco) can be more valuable than the no-mark (Philadelphia) coins.
Special editions, like the 'Double Die' obverse, where inscriptions are doubled, are sought after by collectors.
Protect your steel pennies from corrosion by storing them properly in cool, dry places away from chemicals.
Join coin collector communities to stay informed on market trends and find potential buyers for your collection.
Always consult with a professional numismatist before buying or selling to ensure a fair transaction.