Is a 1943 penny that sticks to a magnet worth anything?

The easiest way to determine whether or not your 1943 Cent has collectible value—to see if it is possibly bronze rather than steel—is simply to test it with a magnet. If the coin is magnetic, then it is, unfortunately, the common steel version and is not valuable in most cases.


How much is a 1943 magnetic penny worth?

Link copied to clipboard. Most steel pennies are worth between 20 cents and 20 dollars.

What if my 1943 penny sticks to a magnet?

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.


How much is a 1943 silver penny worth that sticks to a magnet?

Value of a 1943 Steel Penny

They are worth about 10 to 13 cents each in circulated condition and as much as 50 cents or more if uncirculated.

Can you pick up a 1943 steel penny with a magnet?

The 1943 steel penny is the only regular American coin that a magnet can pick up. About 40 copper pennies were minted in 1943, when copper blanks were accidentally left in the production hopper.


1943 Steel Pennies Worth Money - How Much Is It Worth and Why, Errors, Varieties, and History



Are magnetic pennies worth anything?

The easiest way to determine whether or not your 1943 Cent has collectible value—to see if it is possibly bronze rather than steel—is simply to test it with a magnet. If the coin is magnetic, then it is, unfortunately, the common steel version and is not valuable in most cases.

Which 1943 steel penny is worth the most?

The 1943 Lincoln Wheat Penny is among the most valuable coins in American coinage. Its value can increase exponentially as a mint error has made it a sought-after collectible for experienced and novice collectors. Determine whether you have a penny worth over a million dollars.

What is the rarest 1943 penny?

The Rare 1943 Penny

If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! The reason is that the 1943 copper penny is an error coin. The United States Mint accidentally used the wrong planchet metal when striking the coin.


What pennies are attracted to magnets?

Since 1992, 1ps and 2ps have been made out of copper-plated steel instead of the previous alloy of copper, tin and zinc. Steel is magnetic so pennies made after 1992 will be attracted to the magnet when it is close to them. Pennies made before this will not be magnetic.

Do silver pennies stick to magnets?

In fact, only iron, nickel, cobalt, gadolinium, neodymium and samarium are magnetic in our everyday lives. Knowing that silver isn't magnetic is useful since it can help you spot fake silver. For example, if someone is trying to sell silver jewelry or coins it's not a bad idea to test them with a magnet.

Why does my coin stick to a magnet?

Money and Magnets

Some coins from England and Canada are made of steel. Steel is a kind of metal. It is attracted to the magnetism of a magnet. These coins stick to magnets!


Will a copper coin be attracted to a magnet?

So the short answer is "No, copper isn't magnetic." This can quickly be tested by trying to pick up a penny with a magnet.

What is the rarest copper penny?

The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all.

When did pennies stop being magnetic?

Since 1992, coins have been made with steel, which is magnetic. (Pre-1992 coins are made out of bronze, which will not attract.)


Does a magnet stick to gold or silver?

In their pure, natural forms, gold, silver, aluminum, copper, brass, and lead are not magnetic. This is because they are all weak metals. Adding iron or steel to these metals can make them stronger and magnetic.

Will a magnet stick to a zinc penny?

No. The composition of US pennies has varied, but they are currently made of zinc and copper, neither of which is attracted to a magnet.

Why is a 1982 penny worth $10000?

So for the past 30 years, pennies have been made with an alloy comprised of 97.5% zinc and 2.5% copper, but pennies minted before 1982 are 95% copper and 5% zinc. The price of copper has more than quadrupled over the past 10 years.


How many 1943 copper pennies have been found?

Today, a total of 27 1943 copper wheat pennies are confirmed to exist and have been graded–including six of the 1943-S, as well as the unique 1943-D. Seven of the 27 have been graded by PCGS and 13 have been graded by NGC.

How much is a 1943 steel penny worth with no mint mark?

The 1943 Steel Penny without a Mint Mark

The coin can sell for around 0.15 USD when in a good state. Expect the value to rise to 0.35 USD in fine grade, 0.48 USD in extremely fine form, and sell at 1.50 USD in the uncirculated grade.

How rare is a 1943 Lincoln Steel Penny?

The bronze 1943 penny is one of the rarest coins in existence, and it sold for $204,000 in an auction in 2019.


What is the most sought after steel penny?

1944-D Lincoln Penny on a Zinc-Coated Steel Planchet

The United States mint struck over 430 million of them. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. These steel planchets were used primarily in 1943.

Are old coins magnetic?

The almost ubiquitous presence of small amounts of iron in ancient coins gives them remanent magnetic properties which can be measured easily on commercial magnetometers.

Can coin be picked with magnet?

No worries!


What American coins are magnetic?

None of the US coins are magnetic (ferromagnetic), except for the 1943 Lincoln penny (Steel Cents, made in steel and zinc to save copper for ammunition during wartime), which are considered magnetic.