If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating. For pennies dated 1982, when both copper and zinc cents were made, and best way to determine their composition is to weigh them.
Indeed, from 1793 to 1837, a cent was pure copper. But newer pennies are made mostly of zinc.
Pennies used to be made from 95% copper, at least until 1982. 1 Since 2000, the price of copper has risen dramatically, making the meltdown value of these pennies more than the face value of the coin.
As part of the cent pieces minted between the 1962 and 1982 composition changes, the 1964 penny is made of 95% copper and 5% zinc. Also standard to these coins, the 1964 penny has a diameter of 19mm and a mass of 3.11 grams.
The 1969 penny with no mint mark is worth around $0.70 in uncirculated condition with an MS 65 grade. The 1969 D penny is worth around $0.30 in uncirculated condition with an MS 65 grade. The 1969 S penny is worth around $0.50 in uncirculated condition with an MS 65 grade.
|1954 Lincoln penny value by CoinStudy|
|Coin||Good quality||Uncirculated quality|
|1954 Lincoln penny||$0.02||$0.65|
|1954 S Lincoln penny||$0.03||$0.45|
|1954 D Lincoln penny||$0.02||$0.4|
Nov 25, 2021
|1958 Lincoln penny value*|
|Year||Extra fine quality||Uncirculated quality|
Jan 7, 2022
1943-D Lincoln Bronze Cent
In 1945, Philadelphia set the second-highest mintage rate of all time and produced more than 1 billion coins in total. Because of the high mintage number, those coins are easy to collect, and their price is not that high.
The million dollar penny: Rare 1943 Lincoln cent bought by owner of the Texas Rangers for a cool $1MILLION.
A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency.
According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents. However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000.
1919 Penny Value
|1919 Lincoln Penny Value|
|Condition of Coin|
The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.
The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper. If it does not stick, the coin might be of copper and should be authenticated by an expert.
While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000.
The copper was supposed to be saved for the war effort during World War II, but a chance mistake resulted in a few pennies being struck in copper. Only about 10-15 of these collectible coins still exist, making the 1943 copper penny one of the most valuable old pennies in existence.
Try picking your coin up with a magnet. If your coin is attracted to the magnet, it is made of copper-plated steel (a fraud). If the magnet does not attract your coin, it may be made of bronze and you should have the coin authenticated to determine if it is the "real deal".
Valuable 1943 and 1944 Pennies
|Date & Mint||Circulated|
|1943 Bronze *||$29,000.00||$140,000.00|
|1943-D Bronze *||$57,000.00||$260,000.00|
|1943-S Bronze *||$92,000.00||$400,000.00|
Jun 30, 2021
Bronze is a mixture (alloy) of mostly copper with about 12% tin, and sometimes small amounts of nickel (nickel can make it very slightly magnetic but, generally, bronze is not magnetic).