This Penny Is Worth $85,000 If You Can See It In Circulation
Are you able to identify this penny? One of such items that can be found anywhere are coins, which occasionally have values far higher than their face value. Furthermore, news outlets have recently claimed that this coin is quite valuable!
Coin Trackers, the New York Post, KHOU, and Daily Mail UK all state that you may make over $85,000 for a 1943 copper wheat cent in pristine condition! In 1943, pennies were zinc-plated to prevent rust and made of steel, according to KHOU, who conferred with Royal Coin and Jewelry, a rare coin dealer in Houston. “All 1943 cents were planned to be struck on zinc-coated steel planchets because copper was needed for purposes relating to World War II,” according to Coin Week. VIEW THE VIDEO UNDERNEATH
However, a few copper blanks managed to make it into the minting process at some time during that year. These so-called “mistake” coins are currently being sold for sums between five and six figures. As previously said, for these 1943 copper wheat pennies to net values in the $85,000 level, they must be in mint condition. However, Coin Tracker reports that they have been selling for an average of $60,000 even under less favorable circumstances. Coin Week quotes Saul Teichman, a specialist on U.S. Mint faults, as saying that coin collectors increase the coin’s value by:
Collectors have a unique value for 1943 copper cents. In terms of market value, 1943 cents fetch a significantly higher price than other blunders made around the same period. “A lot of other World War II errors are less valuable because they lack the unique cachet of 1943 copper or 1944 steel cents, but they are still rarer than those coins.”
Coin collectors should exercise caution when dealing with 1943 copper wheat penny dupes, according to media sources.
Since these pennies have gained a lot of attention lately, fake versions are widely available. According to Coin Trackers, a lot of con artists will engrave the left side of the eight on a 1948 copper penny to make it appear authentic from 1943. Some people may take a common steel cent and apply a copper covering to it to make it look authentic. Coin Trackers recommends testing a coin with a magnet if you’re worried it might be a counterfeit.
“A solid copper penny will not stick to a magnet, while a steel penny with copper plating will,” as Daily Mail UK puts it. So, why do you hesitate? Look through your collection; you might have the luckiest pennies in the world! Kindly DISPLAY this to your loved ones.
