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1943 stick to magnet penny it's a million dollar penny?
The 1943 penny sticks to a magnet because it is made of steel, not copper like other pennies from that era. While a 1943 copper penny is rare and valuable, it is not worth a million dollars. The most valuable 1943 pennies are those mistakenly struck in copper instead of steel and can fetch tens of thousands of dollars at auction.
Why will the real 1943 penny stick to amagnet but a real 1944 penny will not?
1943 cents were made of steel, a magnetic metal, to conserve copper for the war effort. Other pennies are made of bronze or copper-plated zinc depending on their dates. Neither bronze nor zinc are susceptible to a magnet.
How can you tell if a 1944 penny is made of steel?
You can tell if a 1944 penny is made of steel by using a magnet. Place a magnet near the penny - if it sticks, then the penny is made of steel. Steel pennies were issued in 1943 due to a shortage of copper, so any 1944 penny made of steel would be an error.
Why wont your 1946 penny stick to a magnet?
For the same reason no other US cents stick to a magnet, except those dated 1943 - all other cents up to mi-1982 were made of bronze, which isn't a magnetic material.You DID try some other dates first . . . ?
You found a penny that wont stick to a magnet?
Please try the rest of the pennies in your pocket change.NO American cent will stick to a magnet except the steel ones minted in 1943. All the rest are either bronze (up to mid-1982) or zinc (mid-1982 to the present) and neither of those materials are attracted to a magnet.
1943 stick to magnet penny it's a million dollar penny?
The 1943 penny sticks to a magnet because it is made of steel, not copper like other pennies from that era. While a 1943 copper penny is rare and valuable, it is not worth a million dollars. The most valuable 1943 pennies are those mistakenly struck in copper instead of steel and can fetch tens of thousands of dollars at auction.
Why will the real 1943 penny stick to amagnet but a real 1944 penny will not?
1943 cents were made of steel, a magnetic metal, to conserve copper for the war effort. Other pennies are made of bronze or copper-plated zinc depending on their dates. Neither bronze nor zinc are susceptible to a magnet.
I have an American 1944 Lincoln's head penny that does not stick to a magnet how much is this worth?
About 3 cents in average circulated condition. It's the 1943 that gets expensive if it does not stick to a magnet. Only about a dozen of these copper 1943 cents exist.
What year is the most valuable penny from?
1943. In 1943, to save copper for the war effort pennies were struck in zinc coated steel, however some copper blanks made their way into the press and were struck by accident, there are only a handful of known genuine examples of a copper 1943 penny and they can be worth in excess of 1 million dollars. However, steel 1943 pennies are incredibly common and are worth about 5 cents in circulated condition or a buck or two if uncirculated. An easy way to check if you have a steel or a copper penny is to hold a magnet up to it, the magnet will stick to the steel penny and not the copper penny.
How much 1943 copper worth?
The value of a copper 1943 penny is $200,000+. However, copper-plated counterfeits are prevalent. In order to test for a counterfeit, run a magnet over the penny. If it doesn't stick, you are now the proud owner one of the rarest mis-struck coins in U.S. Mint history.
How do you tell if its a 1943 war penny?
Other than the DATE it will stick to a magnet.
How can you tell if a 1944 penny is made of steel?
You can tell if a 1944 penny is made of steel by using a magnet. Place a magnet near the penny - if it sticks, then the penny is made of steel. Steel pennies were issued in 1943 due to a shortage of copper, so any 1944 penny made of steel would be an error.
Is a modern United States penny magnetic?
Neither the original copper or the newer version copper-zinc penny is magnetic. The 1943 steel penny was the only penny effected by a magnet.
1943 copper wheatback penny with no mint mark what is it worth?
you have a 1943 penny that looks like it is made out of copper, this is how you can authenticate it to tell if it is a genuine 1943 copper penny, or a fake 1943 copper penny. But first of all, be aware that the 1943 penny was issued in zinc-coated steel, because the USA needed copper for the war effort. Any genuine 1943 copper pennies are extremely rare mint errors. Learn more about your silver colored 1943 Steel Penny. The easiest way to tell if your 1943 copper cent is merely a copper-plated steel penny is to test it with a magnet. If the magnet sticks to the penny, it's made of steel which has been dipped or plated in copper. Such a penny is worth about 15 cents as a novelty item. If your 1943 copper colored penny doesn't stick to a magnet, then look at the date carefully (using a magnifying glass, if possible.) If the tail of the 3 doesn't extend well below the "line" of numbers, it is probably a cut-in-half 8. A very common fraud involving the copper 1943 cent is to cut away part of the 8 in the date of a 1948 penny. If the 3 in your date looks like half of an 8, your coin is not a genuine 1943 copper penny. Any time you have a potentially valuable coin, it's always a good idea to take it to a qualified coin dealer for a professional opinion. Most dealers do not charge to have a look at your coins and give you an informal verbal appraisal. More Coins Quick Tips Coin Values Guide
Is a copper penny of 1943 a higher value than a penny of 2007 or a lower value?
If it is copper, than it is worth thousands of dollars: unless it is a fraud which you can find out by placing it on a magnet. It will stick if it is fake. If your penny is silver colored, if uncirculated, it is worth about a dollar. if circulated, about 25 cents.
Why wont your 1946 penny stick to a magnet?
For the same reason no other US cents stick to a magnet, except those dated 1943 - all other cents up to mi-1982 were made of bronze, which isn't a magnetic material.You DID try some other dates first . . . ?
How do you know if a 1943 steel penny has been fused with a copper diposit?
Try to pick it up with a magnet.
