Freehold, New Jersey
3710 U.S. 9
Freehold, NJ 07728

Pennies Worth Over $100,000! *How To Check If Your Have One December 15, 2017

Freehold, Monmouth County
Pennies Worth Over $100,000! *How To Check If Your Have One, Freehold, New Jersey

It might sound unbelievable that old coins such as 1943 pennies can be worth over $100,000, but it is a true fact.

One example of rare and valuable coins is 1943 penny.  During WWII, the government banned the use of copper for pennies because they needed it for the war.  So in 1943 pennies were made out of 95% steel with a small zinc coating.  These pennies are very unique because of their color.  In previous years the government used to make pennies out of mostly copper.  Now a days pennies are only a very small coating of copper.

So the US mint began producing pennies made out of steel in 1943.  Howeveimager some copper pennies were still produced accidentally in 1943 and those are not only extremely rare, but extremely valuable as well.  Some are rumored to be worth $100,000 up to $1,000,000 + in some circumstances.  These pennies have been showing up in some of the most unexpected places.  You really never know what your coin or collection is worth unless you bring it in to an experienced coin buyer so they can appraise each and every coin very closely.

How To Check For Valuable 1943 Penny

Since the value of these rare pennies are no joke, there are people who will produce counterfeit 1943 pennies which are actually just steel coated in a very thin layer of copper.  Thankfully, there is an easy at home test to ensure you have a real 1943 copper penny and not a fake.

imageThe trick is to test the penny with a magnet.  If the 1943 penny sticks to the magnet, you know it must be steel.  However, if it does not stick to the magnet you might have just hit the jackpot.  To be sure you should get your coin or coin collection appraised by an experienced coin dealer / buyer.  This way you will get a real price of what someone is willing to offer after examining your coins and evaluating them based on rarity, condition and demand.

~ Interested in getting a free appraisal?  Call (908) 575-9400 ~

Or Find A Location Near You Today!


Other Announcements, Events and Deals from American Coins & Gold
What Determines Value in the Silver & Gold Buying Process?, Freehold, New Jersey
From analyzing inflation rates to evaluating supply and demand, there are many things to consider when putting a price tag on precious metals. American Coins & Gold, serving more
Top 5 Gold Buying Tips, Freehold, New Jersey
If you want to get started in the gold buying market, you’re not alone. In fact, many people across the country are beginning to see the value of this investment—and how it has the more
The Top 3 Rare Coins You Might Not Even Know You Have, Freehold, New Jersey
At this point, change tends to be something kept in the car, or perhaps dropped in a jar with the intention of cashing it all in or saving it for a later date. It might be worth more
How to Tell If You've Found Rare Coins, Freehold, New Jersey
Whether you’re an avid collector or not, rare coins are an exciting discovery. Not only are they an interesting find, but they’re a profitable way to make the most of your more
How Do Rare Coin Appraisals Work?, Freehold, New Jersey
Here at American Coins & Gold we love when we are able to tell someone their rare coin is worth some serious cash.  It all begins with a no obligation appraisal process more