This Penny In Circulation is Worth $85,000 – Here’s How To Spot It

Do you know how to spot this penny? Coins are one of those things that are hiding everywhere, and sometimes they can be worth much more than their actual coin value. And most recently, news sources have been reporting that this coin is worth a pretty penny!

According to Coin Trackersthe New York PostKHOU, and Daily Mail UK, a mint condition 1943 copper wheat penny could earn you more than $85,000! 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. Coin Week explains, “Because copper was needed for purposes relating to World War II, all 1943 cents were planned to be struck on zinc-coated steel planchets.” WATCH THE VIDEO BELOW

 

At some point during that year, however, a few copper blanks made it into the minting process— and it is these “mistake” 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. 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:

“1943 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. ” “Many 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.”

 

SOURCE: STEVE LOVEGROVE/DAILYMAIL
SOURCE: STEVE LOVEGROVE/DAILYMAIL

According to media sources, coin collectors must be cautious about 1943 copper wheat penny dupes.

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. 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’re concerned about a counterfeit, Coin Trackers advises using a magnet to test the coin.

As Daily Mail UK explains, “A solid copper penny will not stick to a magnet, while a steel penny with copper plating will.” So, what are you waiting for? Go take a look at your collection, because you may just have one of the luckiest pennies around! Please SHARE this with your friends and family.

NO COPYRIGHT INTENDED (ALL RIGHTS RESERVED TO THE AUTHOR OF THE VIDEO) [Youtube/JD’s Variety Channel – Treasure Quest Chronicles]

Source: Homehacks

Related Posts

Demi Rose’s Most Stunning Photos Yet – You Won’t Believe Number 5!

Demi Rose is known for her bold social media presence, and her latest post is no exception. The 28-year-old influencer stunned her followers by posing in a field wearing a…

Read more

Kim Kardashian Says People ‘Didn’t Know’ Who Marilyn Monroe Was Before She Wore Her Dress

Kim Kardashian says people ‘didn’t know’ who Marilyn Monroe was before she wore her iconic dress. The Kardashians star rocked Monroe’s ‘Happy Birthday Mr President’ dress at the 2022 Met Gala and…

Read more

Lottery Winner Burned Through $50 Million Of Prize Money By Spending $131k A Week

One lottery winner burned through a staggering $50 million of his $200 million jackpot by spending $131k a week. We all dream of one day winning the lottery.   Thinking…

Read more

Jason Momoa Fans Creeped Out After Finding Out Who He’s Dating

Jason Momoa fans have been left creeped out after discovering who he’s dating.  The Game of Thrones star, 44, has moved on from his divorce to Lisa Bonet, 56, and has now…

Read more

Can You Spot the Hidden Animals?

Welcome to a fascinating landscape where animals are engaged in an exciting game of hide and seek. The artist has skillfully concealed them in the most unexpected places. Some creatures…

Read more

An old man applies for a job as a woodcutter

An old man applies for a job as a woodcutter, but the boss doesn’t think he’s fit enough. He tells the boss he is able to cut down any tree…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *