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Depending on condition, a circulated 1942 wheat penny is worth about $.20-$.40, it is worth more if it is uncirculated and about double the price if it has an "S" mintmark.
A 1942 copper penny is worth between $0.15 and $3.00. If you have a 1943 copper penny it is worth a lot more. In 1943 because of the war and the need for copper pennies in that year were made from steel. Steel pennies from 1943 are worth around $0.30 and $2.50. If you have a real 1943 copper penny take it to a coin shop or dealer and have them check it out to see if it is real.
About $3
It's worth 2 cents for the copper.
About 2 cents.