Do you know how to spot this penny?<\/p>\n
Coins are one of those things that are hiding everywhere, and sometimes they can be worth much more than their actual coin value.<\/p>\n
And most recently, news sources have been reporting that this coin is worth a pretty penny!<\/p>\n
According to Coin Trackers, the New York Post, KHOU, and Daily Mail UK, a mint condition 1943 copper wheat penny could earn you more than $85,000!<\/p>\n
According to KHOU (who consulted with Royal Coin and Jewelry, a Houston dealer specializing in rare coins), in 1943, pennies were made of steel and were additionally zinc-plated to prevent rust.<\/p>\n
Coin Week explains, \u201cBecause copper was needed for purposes relating to World War II, all 1943 cents were planned to be struck on zinc-coated steel planchets.\u201d<\/p>\n
At some point during that year, however, a few copper blanks made it into the minting process\u2014 and it is these \u201cmistake\u201d coins that are now being sold for amounts somewhere in the 5 and 6 figures. As mentioned, these 1943 copper wheat pennies must be in mint condition to net values in the $85,000 range.<\/p>\n
But even in lesser conditions, they have still been selling at an average price of $60,000 (according to Coin Tracker). Saul Teichman, an expert in U.S. Mint errors explains (via Coin Week) that collectors drive up the value of the coin, explaining:<\/p>\n
\u201c1943 copper cents have a special cachet with collectors. As for market value, the 1943 cents sell for much more than other errors struck around the same time.<\/p>\n
\u201d \u201cMany other World War II errors are rarer than 1943 copper or 1944 steel cents but bring a fraction of a price as they lack that special cachet.\u201d
\nAccording to media sources, coin collectors must be cautious about 1943 copper wheat penny dupes.<\/p>\n
Now that these pennies have been getting a lot of attention, the market is rife with counterfeit copies. Coin Trackers said that many fraudsters will file down the left side of the number 8 on a 1948 copper penny to make it look like a genuine from 1943.<\/p>\n
Others will take a regular steel penny and coat it with a copper covering in order to make it appear like the real deal. If you\u2019re concerned about a counterfeit, Coin Trackers advises using a magnet to test the coin.<\/p>\n","protected":false},"excerpt":{"rendered":"
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