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Unlike Lincoln cents made from 1909 to 1942, which are 95 percent copper and 5 percent tin and zinc, Lincoln cents from 1944, 1945, and 1946 were made with a composition of 95 percent copper and 5 percent zinc (no tin). These can make megabucks, fetching over $1.11 million when in top condition! Again, some counterstamped coins are actually worth more because they are collectible as what some might call "exonumia" coins (altered, coin or coin-like items), but generally only if we can determine the origin of the stamp, which came from a private individual or company outside of the Mint. A published writer, Steven's coverage of precious metals goes beyond the daily news to explain how ancillary factors affect the market. 1944 Wheat Penny Value - A Complete Guide - Craftbuds These pennies were made at the Denver Mint from a die that accidentally had an S mintmark (for San Francisco) punched into them. Jim on October 02, 2019: I have a 1944 copper lincoln wheat penny any one know the value of it its got no mint mark and in good shape for 1944. Want to "change" your fortune? Coin apps might help To the right of Lincoln the year will be engraved, and to the left the word liberty will be engraved. When it comes to the 1944-S steel cent, it is worth $399,637 in average condition and could be worth more than $1.11million in an MS63 grade, according to USA Coin Book. Coin Grading 101 The following will provide you with a listing of the different coin grades as well as what they . In fact, there are thousands of counterfeit 1943 copper cents and 1944 steel cents floating around, and the trick comes in knowing how to spot them. 1944 Wheat Pennies were minted in Philadelphia, San Francisco and Denver. 7 Rare and Valuable Pennies Found in Circulation Today Pre-1955 wheat pennies minted in Denver and San Francisco are typically more difficult to come by in top condition due to the lower mintages of those issues. As always, the value of coins could depend on grade and condition. There are two thin, horizontal lines emerging from the left side of the crossbar of the T in CENTS. On the tail (reverse) side of the 1944 wheat penny there are two inscriptions which read The United States of America and One Cent.. No mintmarks typically mean that the piece was minted in Philadelphia. Image: USA CoinBook. This allowed for many more chances for a steel blank to find its way into the Wheat cent production line. Last Updated 7th January 2023. Wheat pennies are commonly graded using the Sheldon Grading System, which goes from 1 to 70, and prices vary greatly depending on the grade. The error on a 1944 penny will depend on the specific coin in question. 1944 Steel Penny Value: Why Is A 1944 Steel Penny Worth So Much (Over $1.11 Million)? But make sure you research the coin first and know what its worth before buying. Furthermore, it's not always the condition of a coin that makes it the most valuable. An uncirculated MS+ penny sells between $1.11-$3.22 or higher. The steel cent was made in an effort to conserve bronze for World War II. Source: USA CoinBook. To avoid this, make sure you check the sellers history and whether or not the coin was certified in the listing. It's worth mentioning that the value of a 1944 no mint Wheat Penny can also fluctuate based . During World War II, pennies were produced using steel with a zinc coating. Although many wheat pennies were made with this steel core in order to reduce metal used, the government made a special exception for the 1944 coin and allowed extra copper to be used, which helps add to its rarity. All of these errors can affect the value of the 1944 penny, and a coin collector can examine the coin and provide an estimate of the value based on specific errors, grading, and condition. It shows that all 1944 wheat pennies had the highest mintage in US coinage history. I'm not sure if you would call it a lamination error, or a cracked skull. 1-1945 D Wheat penny 1944 Wheat Penny Values, Key Dates, Errors, & (Price Chart Using a sensitive mini scale is useful for accurate weighing. Good luck! 7. I have read somewhere that this can be caused by improper mixture of metals or from deviations on the press itself. Our equipment will not work shell casings as they are. Another way to tell if the coin in genuine is to measure and weigh it. Otherwise this may require a coin experts eye for positive identification! But it sounds like you have an altered, counterstamped 1944 Lincoln cent. All the best, Perhaps youve found or inherited an interesting 1944 wheat penny, and you want to find out a little more about it. If your 1944 steel cent is authentic, it's worth $75,000 or more. I'm afraid the photo did not upload correctly. However, if it is in uncirculated condition, it could be worth up to $7. Here, you can look for how well defined the inscriptions and images are. You might have hit the jackpot if you happen to find a steel penny with a 1944 date. In that respect, production of 1942 Lincoln Wheat Penny . The 1943-S was the rarest wheat penny issued, with less than 1,000 ever produced. The 1944 D steel cent is worth nearly $34,000 in average condition. Save my name, email, and website in this browser for the next time I comment. Would you please post a photo of your 1944-S penny here? 1944 Lincoln cents as a whole, though, are quite common and can be had for about 10 to 20 cents in most circulated grade. The lowest starting price is $0.19 for a coin in average condition. 1944 Pennies Worth Money - How Much Is It Worth and Why, Errors What is a 1944 wheat penny worth? - remodelormove.com To the right of Lincoln the year will be engraved, and to the left the word liberty will be engraved. 1944 Steel Penny Value: Why Is A 1944 Steel Penny Worth So Much (Over $1.11 Million)? In other news for the 1944 Lincoln Penny, production figures were extraordinarily high, with about two billion one-cent coins made across all three mints operating in 1944; approximately 1,435,000,000 at the Philadelphia Mint; 430,578,000 at the Denver Mint (D); and 282,760,000 at the San Francisco Mint (S). Whether you want to sell it, buy it, or simply find out more you need to be able to tell if its the real deal or not. Her other hand rests on a shield bearing. The 1944-D Wheat Penny is also quite valuable, worth up to $85 for a circulated coin and up to $1,500 for an uncirculated coin. And on the front, above the date, is a marking that almost resembles an A? Using a magnifying glass is recommended. In this mint, 991,655,000 coins were minted. The 1944 wheat penny diameter is 19 millimeters across. Look out for any kind of suspicious texture such as a bubbly look, or letters and numbers which looks slightly too rounded compared to an authentic coin. The penny was minted in the United States during World War II, which caused metal rationing in the US and elsewhere. The absolute top price one of these pennies has fetched at an auction was $115,000! The current value of a 1944 all copper penny is around $105 USD. Dont be afraid to ask questions to find out more about the coin most coin enthusiasts are happy to share information and spread their knowledge. This is why it is classed as one of the 1944 wheat error pennies. A badly damaged and worn coin is lower quality and will lower the value. * The steel 1944 pennies are quite valuable. 2023 VIP Art Fair Collectibles - WordPress Theme by Kadence WP, How Much Is A $5 Silver Certificate Worth? Josh. Extremely fine . I have inherited a massive coin collection. Uncirculated the best of the best! Here, well reveal more about the fascinating, accidental background of these coins. I have a 1944 wheat penny. The market value of rare and collectible pennies fluctuates with changing interests and new entries to the market. Find out more here. How much is a penny from 1944 worth today? - Sage-Answer 2-1935 Wheat pennies These United States one cents coins all sold at auction for record prices, however the most valuable Lincoln cents were sold privately to an anonymous buyer from United States in 2010 and 2018.. Top 30 Most Valuable Wheat Pennies - Lost Treasure HQ https://coinvalues.com/forum . 1944 Lincoln cents are generally, even so, widely available, and can be purchased for between 10 and 20 cents in the most common class. 4) 1873 Indian Head . As always, the value of coins could depend on grade and condition. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'remodelormove_com-mobile-leaderboard-2','ezslot_27',167,'0','0'])};__ez_fad_position('div-gpt-ad-remodelormove_com-mobile-leaderboard-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'remodelormove_com-mobile-leaderboard-2','ezslot_28',167,'0','1'])};__ez_fad_position('div-gpt-ad-remodelormove_com-mobile-leaderboard-2-0_1');.mobile-leaderboard-2-multi-167{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:250px;min-width:250px;padding:0;text-align:center!important}No, a 1944 steel wheat penny is not worth a million dollars. Image courtesy of My Road to Wealth and Freedom. While 1943 copper cents weigh about 3.11 grams and don't stick to a magnet, the more common steel cents (which weigh 2.7 grams) adhere to a magnet. Some other things you can try include using a metal detector in known areas for buried treasure and by stopping by your local bank branch and asking for a wrapper of pennies. Pennies Worth Money | 100 Most Valuable Pennies In Circulation There are some very rare ones which were combined with steel. There are even some copper versions which may bear discoloration due to traces of gunpowder which was not removed during the metal refining process from when ammunition shells were melted down to make the coins. Roger W. Burdette was perhaps the foremost numismatic historian of our era. The 1944 wheat penny diameter is 19 millimeters across. At a pawn shop, collectors can pay premium values for high-grade 1942 pennies. In EF 40, these coins go for a little over $30,000 while the price hits $60,000 in MS 60. Michael, as Josh pointed out in the community, "The rare 1944 steel cent sticks to a magnet and looks silver in color. Josh. When it comes to valuing the 1944 steel wheat penny the mint mark, condition and rarity are the key factors which will dictate the overall value. They have been used for centuries to keep track of time,, Read More Most Valuable Seth Thomas Clocks (Worth From $200 to $4,000+)Continue, Your email address will not be published. . Type: Wheat Penny Year: 1944 Face Value: $0. In December 1943 testimony before a House Appropriations Subcommittee[1], Assistant Director of the Mint Leland Howard said: The War Production Board has granted us sufficient virgin copper and shell casings to resume production of a copperhued cent on January 1., When we start producing the bronze coins -- and incidentally we have already started, as far as the production of blanks and ingots are concerned -- we will have to take the virgin copper, shell casings, and zinc-alloy them, melt them and pour them, roll the ingots into strips, and then blank the strips out; and all that cost will be borne by this appropriation, and it will eat into it at a rapid rate. The D and S marks are the ones that are most valuable, with coins from the Denver and San Francisco Mints respectively. Famously, this coin was manufactured using ammunition shells from World War II, although this is disputed by some. That is why, unlike most coins, we can find 1946 pennies without a mint mark at very high prices. The popular pawn show Pawn Stars featured a rare 1944 steel wheat penny. 3-1944 Wheat pennies The 1909-S VDB is particularly rare, as it was the first wheat penny issued and had a limited mintage. If your 1944 does NOT stick to a magnet and looks like a regular cent then your piece is relatively common and worth 5 to 10 cents." Technically, these coins were errors, produced mistakenly with a combination of leftover steel blanks and repurposed copper ammunition cases. What does this coin weigh (in grams, down to the hundredth of a gram)? Basically in mint condition with only perhaps some natural discoloration, highest market value. How Much is a 1944 Penny Worth in 2023? - Forex Education While the face value of a 1944 penny is 1 cent, the coin is worth about 15 cents. 1909-S VDB Lincoln Cent. Regardless, one thing is, Read More The 1982 Penny Value Chart (Most Valuable Penny Sold for $18,800)Continue, With coin collectingas with all types of collectingolder is always better. In 2021, one in an MS66 grade sold for a record $408,000 at a Heritage Auction. Here, you can look for how well defined the inscriptions and images are. The 1944 D steel penny in average condition can be worth $34,000, while those with no mint mark in average condition are worth around $28,000. What do you do with these coins? How much is my 1944 copper penny worth? - JacAnswers One rare 1944 Wheat cent to watch out for is the 1944-D/S. Steel Wheat. Like it wasnt stamped properly. Any advice? The rarest 1944 penny is the Lincoln mint mark of the Philadelphia Mint (no mint mark on the reverse side). You . 'ONE' and 'PENNY' are in the fields, a. lighthouse is in the background to the left, and the date is in the exergue below. First, the simple fact that more, Read More 5 Most Valuable Quarters After 1965 (Between $5000 And $10,000)Continue, Gunne Sax is a clothing label that marked the mid and late-20th century with its inspirational and, Read More How Much is a Gunne Sax Dress Worth? Different varieties of the 1944 penny were produced at different mints, and some were made in lower quantities than others. If it's Uncirculated, expect it to be priced at around 35 cents. For instance, a 1944-S Lincoln wheat cent graded MS67Rd, sold for $3,290 in 2016. How much is all this ? What is a 1944 penny worth? R they worth anything, Hi how are you. Traces of the S can still be seen above the top edge of the D mint mark. Im a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. shows Britannia seated facing right, wearing a helmet, and holding a trident. What is a 1936 Great Britain penny worth? - Sage-Answers Coin Values & More - CoinTrackers. Rare Pennies. Real People. 1,435,400,000 wheat pennies struck at the Philadelphia mint. Double dies involve the same part of the design, lettering, and date being present twice, causing an overlapping or raised look. It is one of the famous Lincoln coins, and can fetch a high price at auction depending on. Marie Lynn on September 18, 2019: I have a1983D and 1997double ear penny. Examples of rare 1944 pennies include the 1944-S and 1944-D, which were produced at the San Francisco and Denver mints, respectively. Generally speaking, the most commonly seen errors on a 1944 penny are die cracks, double dies, and off-centered strikes. Thank you. 1943 Steel Penny Value (Worth A Million Dollars? Its value ranges from 15 cents to 35 cents, but it could be worth way more than that, depending on its qualities. However. It wouldnt be relatively difficult to remove the left side of the 8 on the 1948 Lincoln cent, which is why many counterfeit 1943 copper pennies are actually 1948 one-cent coins.