Imagine discovering a penny in your coin jar that’s worth over $1.7 million. That’s exactly what happened when a rare 1943 copper Lincoln penny recently sold at auction. The coin’s extraordinary value comes from its rarity, historical context, and the sheer surprise that such a small, overlooked item could be a life-changing treasure.
Only about 40 of these pennies exist, making them one of the rarest U.S. coins in circulation today. If you’re lucky enough to find one, you could be holding a true numismatic fortune in the palm of your hand.
Why the 1943 Copper Penny Is So Rare
In 1943, the U.S. Mint stopped making pennies from copper and started producing them in zinc-coated steel to preserve copper for wartime supplies.
However, due to a minting error, a few copper blanks from 1942 were accidentally used, resulting in a tiny number of 1943 pennies struck in bronze.
These copper versions were never meant to exist. That’s why they’re extremely rare and highly coveted by collectors. The exact number is uncertain, but estimates suggest only 30 to 40 examples remain today.
How One Coin Reached $1.7 Million
Recently, one of these 1943 copper pennies in near-perfect condition fetched $1.7 million at auction. The coin’s immaculate condition and rarity made it a high-stakes item. High-grade specimens are often housed in private collections or museums, so when one surfaces for sale, intense bidding usually follows.
This specific sale set a new benchmark for Lincoln pennies, reminding collectors and average Americans alike that even the smallest coin can hold unimaginable value.
How to Identify a Genuine 1943 Copper Penny
Many people confuse copper-plated steel pennies with the real deal. Here’s how to tell if your penny is one of the rare originals:
| Feature | 1943 Copper Penny | 1943 Steel Penny |
|---|---|---|
| Material | Bronze (copper alloy) | Zinc-coated steel |
| Color | Reddish-brown | Grayish-silver |
| Weight | About 3.11 grams | About 2.7 grams |
| Magnet Test | Not attracted to a magnet | Strongly attracted to a magnet |
| Rarity | Extremely rare (only ~40) | Over a billion produced |
Pro Tip: If your 1943 penny is not magnetic and weighs around 3.11 grams, it might be worth getting it professionally evaluated.
Who Might Find One?
You don’t need to be a collector to find a rare penny. People have discovered them in old jars, attics, estate sales, and even pocket change. Because so many steel pennies from 1943 exist, it’s worth checking if any of yours are the elusive copper version.
Even if you’re not a numismatics expert, you can perform basic tests. If the coin doesn’t stick to a magnet and appears copper-colored, you might be looking at something extraordinary.
What If You Find One?
If you believe you’ve found a 1943 copper penny:
- Don’t clean the coin – It can reduce its value.
- Get it authenticated by a reputable grading service.
- Store it safely, preferably in a protective coin holder.
- Consult a professional appraiser before making any sale.
Selling through an auction house or a reputable rare coin dealer ensures you receive the highest value for your find.
Real Value in Everyday Coins
While the 1943 copper penny is exceptionally rare, there are other valuable coins hiding in circulation. Always be cautious when tossing coins into jars or spending change. You might unknowingly part with a coin worth thousands—or even millions.
Many high-value coins are mistakes, misprints, or made during transitional periods. These historical quirks make them fascinating and extremely valuable to the right buyer.
The 1943 copper penny is a fascinating piece of U.S. coinage history. With just around 40 known examples, its rarity alone makes it a million-dollar item. The recent sale of one for $1.7 million reignites hope that other copies might still be hiding in drawers or coin jars.
So the next time you come across an old penny, don’t dismiss it—inspect it carefully. That tiny coin could turn out to be a once-in-a-lifetime discovery. Keep your eyes open—you might just strike numismatic gold.
FAQs
How much is a regular 1943 steel penny worth?
Most are worth between 10 cents and $5, depending on condition. They are common and don’t fetch high prices.
Can I find a 1943 copper penny in circulation today?
It’s unlikely, but not impossible. Rare coins have surfaced in pocket change and inherited collections, so it’s worth checking!
What makes the copper penny worth $1.7 million?
Its extreme rarity, historical error, and pristine condition contribute to its high value—only about 40 exist worldwide.