This is technically called coin grading. Are there signs of wearing where the words and images have been rubbed away? These pennies were made at the Denver Mint from a die that accidentally had an S mintmark (for San Francisco) punched into them. Herea a quick guide: Like other wheat pennies, the value of the 1944 steel wheat penny will vary depending on the mint mark. 2) 1943 Copper Wheat Penny - $250,000. 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. USA Coin Book Estimated Value of 1944-S Lincoln Wheat Penny (Steel Cent Variety) is Worth $399,637 in Average Condition and can be Worth $741,587 to $1,110,923 or more in Uncirculated (MS+) Mint Condition. When researching the value of your penny, it is important to be sure to consult a reputable source. They feature a steel core, with a zinc-coated steel composition and a wheat reverse, as opposed to the Lincoln reverse used in other pennies from this time. Circulated 1944-S Lincoln Wheat Pennies are worth between ten and twenty cents, depending on the condition. I have read somewhere that this can be caused by improper mixture of metals or from deviations on the press itself. Dont be afraid to ask questions to find out more most coin enthusiasts are happy to share information and spread their knowledge. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'remodelormove_com-leader-3','ezslot_22',165,'0','0'])};__ez_fad_position('div-gpt-ad-remodelormove_com-leader-3-0');A 1944 penny with an S mint mark (indicating it was minted in San Francisco) can be worth up to $20 or more in uncirculated condition. Australian coin and banknote values New Zealand predecimal coin values UK coin values - 1801 to 1967 United States coin values - 1792 to present One of the key questions which comes up surrounding the 1944 steel wheat penny is how to tell a fake penny from a genuine penny. However, some of the new copper was mixed in with steel blanks that were left over from production during the war. Value: 1915 S Wheat Penny. This will help you to value it and make sure you get the right price for it, or make sure you are paying the right price! We and our partners use cookies to Store and/or access information on a device. Different varieties of the 1944 penny were produced at different mints, and some were made in lower quantities than others. 2-1946 D Wheat pennies If the penny has a D mint mark (indicating it was minted in Denver) it could be worth $2. Copper and bronze were being used in the manufacture of ammunition during World War II, so a cheaper and more readily available material steel was substituted. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'remodelormove_com-box-3','ezslot_4',173,'0','0'])};__ez_fad_position('div-gpt-ad-remodelormove_com-box-3-0');The 1944 wheat penny is a relatively rare and sought after coin, with some versions of the penny being worth significantly more than other years and mints. ), Most Valuable Antique and Vintage Vases: Identifying, Valuing and Buying (2023 Updated), A Detailed Outlook on the 2000 Sacagawea Dollar Value, Antique Floor Lamp: Identification, Valuation, And Buying Guide (2023 Updated), Good lowest market value, heavy damage, difficult to make out the lettering and patterns. Which 1944 s penny is worth a lot of money? The official mintage for the 1922 small cent is 1,243,635 and they are tough to find. 1944 LIBERTY WHEAT PENNIES (1896 $5 Silver Certificate Costs Between $10,000 and $12,000. Therefore, you must also determine exactly which mint the 1944 Wheat Penny was issued from. This is technically called coin grading. These include: When it comes to valuing the 1944 wheat penny the mint mark, condition and rarity are the most important factors which dictate the price. $0.89 - $2.31: 1944 D wheat penny: Good. The steel cent was made in an effort to conserve bronze for World War II. Steven specializes in market analysis with an emphasis on stocks, corporate bonds, and government debt. In an August 2007 auction, a 1944 D Lincoln steel cent graded in MS63sold for $115,000, according to PCGS. 1-1941 D Wheat penny I'm afraid the photo did not upload correctly. 1802 Draped Bust Half Dollar. One in good condition can fetch $100-500. To the right of Lincoln the year will be engraved, and to the left the word liberty will be engraved. Keep an eye on Coin Trackers, a site which tracks the value of different versions of coins and is updated regularly. To determine the value of your 1944 wheat penny, you will need to consider several factors, including the condition of your penny, the design of the penny, the mint mark, and the specific rarity of your penny. 1943 Steel Penny Value (Worth A Million Dollars? It shows that all 1944 wheat pennies had the highest mintage in US coinage history. Hello, James -- What Is the Value of a 1943 Copper Penny? $0.20. 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. 2) 1943 Copper Wheat Penny - $250,000. Collector quality coins from these mints and years are highly sought after, particularly in the higher grades. If the penny is moved by a magnet, it has steel content, if not it is copper. Here, other coin enthusiasts can help you out with their expertise and advice. both stick to magnetic, trying to see if they are worth anything. I have several pictures but no way to upload. 7. Separately, I uncovered Congressional testimony to the same effect. 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. The rarity of 1944 wheat pennies is also supported by their current value. There are also countless 1944 copper pennies that have been covered in zinc plating but, as you might have guessed, there would be a great weight discrepancy between a steel cent and its heavier sibling, the copper cent. Here, you can look for how well defined the inscriptions and images are. 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. But some may not be aware of the steel penny and what it could be worth. Keep in mind that many 1944 copper cents are still circulating and can be had at face value if luck strikes searching rolls may improve your odds of finding 1944 Lincoln Wheat Penny coins without having to utilize the services of a coin dealer. What penny coins are worth money? The absolute top price one of these pennies has fetched at an auction was $115,000! Silver is one of the oldest forms of money on the planet. 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 consent submitted will only be used for data processing originating from this website. Hi, George -- Your text to link. Josh. The 1944 Wheat penny is a copper coin with no silver or tin content. Look out for valid certification in the listing. 1944-D Lincoln Penny (Zinc-coated steel) 1909-S VDB Lincoln Penny. Hope that helps. The 1909-S and 1914-D have the distinction of being the only wheat pennies minted at the San Francisco and Denver Mints, respectively. While it is a rare item, its actual value is much less. plz answer back as soon as possible. By Steven Cochran. This allowed for many more chances for a steel blank to find its way into the Wheat cent production line. 1944 Lincoln wheat cents were made with metal recycled from ammunition shells. Why is it famous? A 1944 no mint Wheat Penny in good condition can be worth around $2 to $10. With even a worn example fetching over $100, its well worth your time to check any 1944-D cents using a magnifying glass. 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. We would need to please see a photo of this coin to verify, so please post a topic in the forum. Copper was in short supply because it was needed for ammunitions purposes during the war. You can also post a photo of this 1944 cent in our Forum: https://coinvalues.com/forum On the tail (reverse) side of the 1944 wheat penny there are two inscriptions which read The United States of America and One Cent.. $77,000-$100,000. High-end specimens of the 1944 steel wheat penny have been known to fetch up to $400 at auction, but even then, it is nowhere near the million-dollar mark. 1-1969 D However, getting a 1944 steel cent authenticated requires several layers of diagnostic testing an is best done by a third-party coin grading company. The 1944 Steel Wheat Penny Value can be from $9000 up to half a million dollars. $115,000! Find out more here. Further increasing the rarity of 1944 wheat pennies is the fact that they were not made with the steel core that other coins had during the war. To make a long story short, grading is nothing more than having the coin's condition professionally assessed. An example of data being processed may be a unique identifier stored in a cookie. 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). Josh @ CoinValues, Nicole, The condition of the coin, the mint mark, and any other notable errors make it one of the most valuable coins on the market. Whereas 1944 steel pennies, and those with fascinating errors are rare and elusive! I have found the 1944 s wheat coin. Coin grading uses a 70 point scale, agreed upon and standardised by professional numismatists (coin experts). Year: 1944. The accidental S marks were buffed over and replaced with a D, but the traces of the top of the S can still be seen if you look closely. The 1924-D and 1931-S were both issued in limited mintage, making them rarer than other minted pennies. Steel pennies were only made in 1943 and 1944, and are highly sought after for their rarity and historical value. (Melbourne mint variety). Only a couple dozen pieces were made and exist today, and each is worth about $100,000. You can use the upload button below the text form, but it's better to post in our forum: https://coinvalues.com/forum, I have a 1920 1922 1942 1944 1946 1958 wheat pennies can you please tell me they're worth. I have one as well, have you found any info on it? These zinc-coated steel Wheat cents were a stop-gap measure to keep the US economy from seizing up while the Mint looked for alternatives. How much damage has the coin sustained over years of use? The 1944 version of the Wheat Penny is worth on average $45.00 if in Mint State (uncirculated), while one in poor condition will have a value of just $0.10 . If you have verified the correct positioning of all the inscriptions and imagery, and used a magnet to confirm the composition is partially steel, how can you tell if its a fake or not? The 1944 United Kingdom penny reverse. There are some very rare ones which were combined with steel (more details in our other article covering the 1944 steel wheat penny in detail!). Of course, there was no silver content in these coins; just steel and zinc. But this penny1944 brown wheat penny has a DD "T" on the obverse. The grading scale only goes up to 70, meaning a 66 is very high. However, the value of a 1944 penny made with a copper and zinc mixture can range from 3 cents to up to $20 USD, depending on the condition of the penny. As always, the value of coins could depend on grade and condition. Uncirculated: $0.20. During World War II, pennies were produced using steel with a zinc coating. Lacking a mint marking, as it was never meant to be released for circulation, the 1944 Steel Wheat Penny will set a buyer back $77,234 to $110,334, depending on the coins . Here's what's so special about the 1944 steel cent. This is why it is classed as one of the 1944 wheat error pennies. The overwhelming majority of 1944 pennies were made from copper (around 95%) and zinc (around 5%). Well help you to positively identify a 1944 steel wheat penny, provide a valuation guide and a buying guide. Our comments section is mostly for commenting and only allows remote image embeds. Also look out for valid certification in the listing from Third Party Graders like the PGCS. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. An impressively high number of wheat cents were made in 1944 across Philadelphia, Denver, and San Francisco mints: over 2.1 billion coins! These coins of course retain a silvery color. Copper 1944 wheat pennies with no mint marks, D mint marks, and S mint marks are found all over the place. While it will probably always remain unknown precisely what caused the 1944 silverpenny, as some call it,what we do know is this the 1944 steel penny has just about as much interest swirling around it as does the 1943 copper cent, an error coin of the opposite kind. As for the 1944 steel cent without a mintmark, it is worth more than $28,000 in average condition. Hello, I have 1944 wheat penny that has an error at the back, missing letter ME for AMERICA, is this penny worth something? Buying rare and valuable pennies online is relatively easy if you know what you are looking for. Join us today for FREE! 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. Additionally, a 1944-S Lincoln wheat penny graded MS67BN, sold for $50.00 in 2018. Coin grading uses a 70 point scale, agreed upon and standardised by professional numismatists (coin experts). Due to a shortage of tin, only copper and zinc were available to make Wheat cents from 1944 to 1946. It is one of the famous Lincoln coins, and can fetch a high price at auction depending on. There are some rare examples of 1944 steel wheat pennies out there. If you have a 1944 Wheat Penny, the best way to determine if it is rare is to examine it closely. 1.1944 Steel Wheat Penny. If the coin has an error, or is certified this will further add to the appeal and raise it's price numismatically speaking. One of the rarer 1944 wheat pennies that can be found is the D/S wheat penny. In 2018, bidders were ready to part with up to $24,000 for a rare 1944-D/S Lincoln cent. A long-term spike in tin prices forced the US Mint to make Lincoln cents with just copper and zinc again from 1962 to 1982. Best wishes, Mint Mark Your 1944 wheat penny may also contain a mint mark, which will vary depending on the mint it was created at. 50 depending on its condition. 1914-S Lincoln Penny. If you find a D beneath 1944 this is the mintmark of the Denver mint. The Most Valuable Painting in the World (How Much Is The Mona Lisa Worth In 2023? But make sure you research the coin first and know what its worth before buying. I have two 1943 steel penny's one with mint mark S and one with no mint mark. And how the hell do I post a pic? Year. A number of 1944 Wheat cents were struck on dime blanks! Fine typically in circulation a long time but without major damage, features mostly visible, higher market value. Good luck! Rare Lincoln Penny Exceeds $1 Million in Sale. You might have inherited or found a 1944 wheat penny or become interested in adding this coin to your collection. The average value of the 1944 steel wheat penny is between 10 and 20 cents, depending on the condition of the coin. Source: USA CoinBook. https://scontent-iad3-1.xx.fbcdn.net/v/t1.15752-0/s261x260/66273164_2432053220357404_6694322626694742016_n.jpg?_nc_cat=108&_nc_oc=AQn135NMWA8_WLgeexIx0-3L79KR9uy24LtJ-5Ej8MKYVw1w4Djc-OA-4IZO3kJqtWI&_nc_ht=scontent-iad3-1.xx&oh=f9f4194589ed2f0b9186e79dc809891a&oe=5DC0334C. To the right of Lincoln the year will be engraved, and to the left the word liberty will be engraved. Would you please try again, using a jpeg photo file under 2 MB? 1-1927 S Wheat pennies The bottoms of all of the numerals in the date of 1948 pennies, on the other hand, fall roughly in line with each other. Read More Most Expensive Catalytic Converters (Rare One Sold for $12,211.89)Continue, The nickel coin has been in use in the United States in the form of coins since, Read More Wooden Nickels Value: How Much Is A Wooden Nickel Worth?Continue, There is only one Monet, Picasso, and Leonardo da Vinci, and the same applies to all of, Read More The Most Valuable Painting in the World (How Much Is The Mona Lisa Worth In 2023? Thank you Many of them never went on the market and remain uncirculated. The famous 1944 wheat penny, also called the 1944 Lincoln penny, was designed by Victor David Brenner. . 1944 Steel Lincoln Cent. 1943 Steel Penny Value (Worth A Million Dollars?). As mentioned in the article above, an average circulated 1944 Lincoln wheat cent is generally worth 10 to 20 cents. When we say good, fine, extremely fine, and uncirculated condition, what do we mean? The 1944 Lincoln cent is one of the most common wheat pennies, which were minted from 1909 through 1958.. More than 2.1 billion 1944 pennies were struck at the Philadelphia, Denver, and San Francisco Mints combined and virtually all of these one-cent coins were made from copper.. Stay up to date with everything about U.S Coins, We dont spam! Brass Lincoln cent planchets from 1942 likely languished in the coin hoppers and were fed down the line to be stamped with 1943 Lincoln cent dies. They're worth far more than the famous 1909-S VDB penny - the rarest regular-issue Lincoln cent: The 1944 steel penny is worth between $85,000 and $110,000, depending on its condition. Another way to tell if the coin in genuine is to measure and weigh it. Famously, this coin was manufactured using ammunition shells from World War II, although this is disputed by some. Furthermore, the 1944 steel penny is the only coin of this type that the U. S. Mint ever produced, making it a very desirable and sought after item. The Lincoln penny is one of the only two dates that feature zinc-coated steel. The Philadelphia 1944 wheat penny accounts for over half of the record-breaking number of cents produced that year. This will raise the price. Potentially a small flaw or scratch, but otherwise lettering and images totally clear, higher market value. STEEL cents can be extremely rare and potentially worth in the millions if it features a 1944 date. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Meanwhile, many coin experts believe there are a few that have yet to be discovered. Here is our pennies worth money list based on recent auction records. 1-1930 Wheat penny A 1944 Uncirculated, or Mint State, wheat penny with no defects may be worth up to $1000. Or you could be a coin enthusiast, on the lookout for rare and unusual pennies for your collection. are these worth anything? Undistributed copies can be purchased for approximately $5 each. 4) 1873 Indian Head . 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. My love for coins began when I was 11 years old. However, luster still has a major influence on eye appeal. Both the 1943 copper Lincoln cent and 1944 steel Lincoln penny are worth an incredible amount of money because theyre so rare. For a 1943 copper penny that is in average condition, the value is around $60,000 $85,000. Hi. I have a 1944 wheat penny. 1-1935 S Wheat penny Make sure you conduct thorough research so you know how to look out for fakes and the exact ID features of the coin you want. Please peruse our Lincoln Wheat Penny info pages for more information on each of your coins. Lincoln Wheat and Indian Penny values chart 2023. Thank you. Your email address will not be published. is it worth anything? There are perhaps only 20 or 30 1944 steel cents that were minted in Philadelphia, between 7 and 10 minted in Denver, and only 2 minted in San Francisco. For instance, a 1944 wheat penny in certified mint state (MS+) condition can fetch between $6 and $8 at an auction. With over 430 million 1944-D Wheat cents minted, it is estimated that tens of thousands of 1944-D/S error coins exist. All 1944 wheat pennies, regardless of mint mark, are worth significantly more than their face value. Wheat pennies from the mid-1940s differ from most other wheat cents. 2-1950 D Wheat pennies Perhaps youve found or inherited an interesting 1944 wheat penny, and you want to find out a little more about it. The 1909-S VDB is particularly rare, as it was the first wheat penny issued and had a limited mintage. The overwhelming majority of 1944 pennies were made from copper (around 95%) and zinc (around 5%). 2-1935 Wheat pennies Coin Slabbing Services, This comment was minimized by the moderator on the site, https://coinvalues.com/wheat-pennies/1943, https://coinvalues.com/wheat-pennies/1935, https://coinvalues.com/wheat-pennies/1958, https://coinvalues.com/library/coin-slabbing-services, https://scontent-iad3-1.xx.fbcdn.net/v/t1.15752-0/s261x260/66368484_441685056414764_1363231016411463680_n.jpg?_nc_cat=100&, https://scontent-iad3-1.xx.fbcdn.net/v/t1.15752-0/s261x260/66273164_2432053220357404_6694322626694742016_n.jpg?_nc_cat=108&, To My Young Brothers & Sisters at Reddit & Elsewhere. Save my name, email, and website in this browser for the next time I comment. It is also important to note that the scarcity of a 1944 Wheat Penny depends upon the amount minted at the particular mint which issued the coin. A popular theory is that some steel coin blanks, or planchets, were left in the hoppers and accidentally distributed. More than 2 billion wheat pennies were made in 1944, but that doesnt mean that there arent important 1944 Lincoln cents that are worth a lot of money. 1-1954 Wheat penny Any advice? I have a 1944 penny with the A semi missing. In fact, theres about a half-gram difference, which is easily measurable on a coin scale. 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.