INTRODUCTION:
The 1943 Lincoln penny is considered to be one of the rarest and valuable coins, being priced at a princely sum of $840,000. Such a coin can be vied for by collectors as well as simple people due to its uniqueness and historical value.
We will be discussing how to identify this rare coin in your purse or coin collection. We shall give you a checklist of characteristics to look out for and some tips on how to authenticate the coin so that its genuineness could be confirmed.
So if you suspect you have a 1943 Lincoln penny hanging around, well read on to find out how to identify this valuable coin.
The Legend of the $840,000 Lincoln Penny:
You might have come across the legend of the $840,000 Lincoln Penny. Sounds impossible? Maybe, but that is actually a real treasure that may be found in pocket change.
How would you spot this penny? Look for the error known as the 1943 copper penny. During World War II, the U.S. Mint began to mint pennies from steel in order to conserve copper for the war. A few pennies accidentally found their way into being struck on copper planchets.
A magnet will let you know whether you own a 1943 copper penny or not. Copper is not magnetic, hence a genuine 1943 penny will not stick to a magnet like a normal steel penny. You can also look out for the year marked on the penny and check out the weight as the copper penny weighs heavier than the steel.
How the Lincoln Penny Became a Hidden Treasure:
The $840,000 Lincoln Penny is one of the rarest and most valuable coins. It has been attracting the attention of collectors and enthusiasts all around the world. This is a 1943 copper penny, making it one of just five that was mistakenly struck in copper instead of the much more common zinc-coated steel.
A few copper pennies were mistakenly struck when pennies were made of steel during World War II, where the demand for copper was necessary for the government’s war effort. These coins are extremely collectible because of their rarity and historical context.
If you want to identify this rare penny in your wallet, here are some deciding characteristics. Copper penny 1943 will have a color different than other copper pennies, unlike the color of a steel penny that appears silvery. Additionally, the date will read as 1943, and on the front, there will be the traditional Abraham Lincoln profile.
If you suspect you own one of the $840,000 Lincoln Pennies, you should submit your coin for authentication through a professional coin grading service. These third-party authentication services can assure you of the coin’s legitimacy and will give you a correct appraisal of it.
Protecting Your Investment: Preserving the Value of Your Coin:
There is the $840,000 Lincoln Penny, minted wrong in 1943. It is extremely rare and valuable. In the onset of World War II, a copper shortage occurred, so pennies were made out of a zinc-coated steel.
Because so many pennies were being minted, however, an error occurred and pennies made out of this same bronze used during peacetime were mistakenly minted as well.
If you believe that you might have this priceless penny, here are a few things to look for:
1. Look for the date 1943: The $840,000 Lincoln Penny was made in 1943, so look for the date on your penny; see if it is that.
2. Try using a magnet: The Lincoln Penny and $840,000 was made of bronze and not zinc-coated steel, so it would not be attracted to a magnet. Use a magnet to test the penny on you.
3. Measure it by weight: The $840,000 Lincoln Penny is a little heavier than a zinc-coated steel penny. Weighing your penny and comparing its weight to that of the standard penny in the marketplace may be possible if you use a scale.
Conclusion:
It is considered one of the rarest and most valuable to be in a collectors’ cartons at $840,000. Start checking in your wallets for the exceptional copper patina on a 1943 bronze Lincoln Penny, showing wear and tear signs, or any other characteristics and markings that will prove its authenticity.
If you think that this coin is yours, then you should have it tested and verified by a professional before you sell or trade it to another person. Remember, every penny counts!