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How old does a coin have to be to be worth anything?

  Author:  54406  Category:(Discussion) Created:(5/5/2003 3:15:00 PM)
This post has been Viewed (3047 times)

I have this US penny that was made in 1943. It looks really weird its the color of a dime, but its all rusty and stuff and it looks sooo different. I don't even remember where i got it from. Do you think a 60-year-old penny is worth a lot? Just wondering! :)

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Replies:      
Date: 5/5/2003 3:17:00 PM  From Authorid: 51061    a silver penny, its not worth a lot but more then a cent, just because a coin is old does not make it valuable me and my dad collect coins, I've seen coins made in 1998 thats worth tons, so its the rarity not the age.  
Date: 5/5/2003 3:20:00 PM  From Authorid: 16845    a coin is ALWAYS worth SOMETHING Just not necessarily anything above face value LOL....and no if it's JUST 60 years old...and has nothing else going for it....the coin MIGHT be worth about 1-3 cents LOL  
Date: 5/5/2003 3:34:00 PM  ( From Author ) From Authorid: 54406    Oooooh okay...  
Date: 5/5/2003 3:57:00 PM  From Authorid: 53052    check ebay?  
Date: 5/5/2003 4:18:00 PM  From Authorid: 14754    you can always call a coin shop to ask your question..  
Date: 5/5/2003 4:28:00 PM  From Authorid: 23075    I have two Victory Nickels...the one that has the big V on them from the war....back in 40 something..a.nd they are only worth about 6 cents each so far. I collect coins...but not for the value....I only collect unusual and different coins..just for the hobby  
Date: 5/5/2003 4:44:00 PM  From Authorid: 55970    I have some of those...they were made during WWII when the US had to use copper for other things *hugs* Love always, ~Tara~  
Date: 5/5/2003 4:46:00 PM  From Authorid: 30986    http://www.heritagecoin.com/info/typevalues.asp?Denom=Cent%20&SID=6C22FE3F38724A22A95945255D4414A0#List I think I found your coin, go there. Let me know.  
Date: 5/5/2003 4:48:00 PM  From Authorid: 30986    Man, if you had the one that wasn't silver, meaning a 1943 copper penny, it would be worth 20-40 THOUSAND dollars. Holy crap, LOL!!  
Date: 5/5/2003 4:52:00 PM  From Authorid: 30986    1943 Steel Cent
In 1943, the production of our One Cent coin went through a major change. War efforts that year required copper and its availability was limited. It was decided to change the content from copper to steel coated with zinc for the first run of the new 1943 cents. In 1944, the need for copper was reduced, and the production of the copper cent resumed.
Over one billion 1943 steel cents were produced at the Philadelphia, Denver, and San Francisco mints, making this a very common coin. However, many people found the new "look" fascinating and saved, rather than spend, the new steel cent. Today, their value ranges from about 5 cents up to about 35 cents in circulated condition. Uncirculated specimens (showing no trace of wear or handling) can bring up to about $10 in high grades.

Many national and area television stations recently reported about a $500,000 cent. They mistakenly advised people that the steel cent was very valuable. What they should have said was that the 1943 copper cent is the rare version. What happened was an extremely limited number of 1943 cents were inadvertently struck on copper planchets, left in the machinery from the previous year. Very few escaped the mint unnoticed, and these are considered very desirable to collectors.

Auction histories indicate the value range to be from around $5,000 to $70,000 depending on the mint and condition... not the half million-dollar figure quoted. Copper-plated zinc forgeries abound. The primary test is to use a magnet. The common steel & zinc pieces (and the copper-plated fakes) will stick to the magnet. The rare copper issues will not.
  
Date: 5/5/2003 7:47:00 PM  From Authorid: 55536    It depends. Sometimes it is age and condition. Other times it can be number of issues of that coin (if a limited number of a coin was made then the value goes up) The same if there was some difference or error made on the coin will increase the value. There are websites and dealers who can give you a pretty good idea how much a particular coin is worth  
Date: 5/6/2003 7:11:00 AM  From Authorid: 55970    Bah, I should make my grandpa read this post he collects coins..well so do I..but he knows a lot more about them than I do, LOL *hugs* Love always, ~Tara~  

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