U.s. pennies - 1943 & 1944

Mar 21, 2021. 09:10 UTC
U.S. Pennies - 1943 & 1944
Kirk
United States of America

Category
Coins

Acquired from
Other

For sale
Maybe
Description

A 1944 Lincoln penny struck at the Denver, Colorado mint facility is nothing special. In fact, over 430 million of them were struck. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. These steel planchets were used primarily in 1943. After many complaints, the United States Mint changed back to the regular copper planchets beginning in 1944. However, a steel planchet left over from 1943 must have found its way into the coining press. This stray planchet created a great rarity treasured by coin collectors, and they are willing to pay handsomely to add this coin to their collection. Research Link: https://www.thesprucecrafts.com/the-most-valuable-pennies-4151629

Provenance

I purchased these coins from a coin dealer in the USA. Later I got them graded, after they sat in the safety deposit box for some time.

Answered within about 10 hours
Mar 21, 18:52 UTC
By Delia

Fair Market Value

$330,000 - $547,000 USD

Insurance Value

$877,000 USD
What does this mean?

Hi Kirk,

Thank you for contacting Mearto with your appraisal inquiry.
It's obviously difficult to properly evaluate these just by photos but according to what I can tell from the casing information, I'm coming up with some very high prices from the Heritage Auction database, considered one of the premier companies for coins in the world.
Based on the photos and information provided, and subject to examination, this is:

1944 1C PCGS AU58
$25,000-35,000*

1943-S 1C PCGS Genuine, surface plated, AU detail
$150,000-250,000*

1944 1C PCGS MS62BN
$8,000-12,000*

1943 1C PCGS Genuine, surface plated -AU detail
$150,000-250,000*

PROVENANCE: acquired from a coin dealer
333,000-547,000*
*represents a fair-market value for auction purposes; retail or asking price may vary.

Please let us know if you have additional items to appraise, and thank you again for using Mearto.

This is a conditional appraisal, which means that we have not verified the authenticity of this item. Click here to learn more about the authentication resources that Mearto offers.
Kirk tillery Mar 22, 07:08 UTC

Please contact me with details of how to sell these items through Meart or other motivated buyers. Thank You!

Delia Mar 22, 10:35 UTC

One of my colleagues will be reaching out to you soon with details.

Kirk tillery Mar 23, 00:32 UTC

Ok, Thank You!

Kirk tillery Apr 07, 07:59 UTC

Delia:
Once again, thank you "very much" for taking the time to evaluate this item.

Delia Apr 07, 10:31 UTC

You're welcome!

This item might be for sale

  • Exclusive access for professionals
  • Unlimited number of private messages
  • Buy directly from the seller
  • No subscription or transaction fees
  • Guaranteed return policy

Are you a dealer or private individual interested in purchasing this item? Apply for access to the Mearto Marketplace to communicate directly with the seller for this and thousands of similar items.

Other items from seller
Related items from other collectors