Coin Specifications

Category: Lincoln Cents, Wheat Reverse (1909-1958)
Mint: Philadelphia
Mintage: 684,628,670
Catalog: KM-132a
Obverse Designer: Victor D. Brenner
Reverse Designer: Victor D. Brenner
Composition: Zinc Coated Steel
Weight: 2.70 Grams
Diameter: 19mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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1943 1C MS obverse 1943 1C MS reverse


  
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Description & Analysis

After experimenting with various metals and plastics during 1942, the U. S. Mint determined that the best option for excluding copper from the cent was to use steel planchets having a coating of zinc for corrosion resistance. These coins proved to be a nuisance in commerce, being mistaken for dimes when new and sometimes nickels when worn. Since they were magnetic, the steel cents also failed to work in vending machines and turnstiles. About the only thing the Mint got right with these coins is their date style, the numeral 3 having the long tail that it so often lacked in earlier issues.

Vast numbers were saved in Mint State for their novelty, but their highly reactive composition has made preserving their beauty a real challenge. With exposure to moisture the underlying steel often rusted, even with the zinc plating. Gems are plentiful through MS 67, and encapsulation is perhaps the safest means of maintaining their original appearance.

A very popular doubled-die obverse variety shows the lettering and date swollen but not fully separted. These coins are scarce, especially in Mint State.

GRADE SUMMARY

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Price Guide

Last Updated: 8/19/2014

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1943 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 0.07 0.10 0.20 0.28 0.38 0.38 0.65 0.70 0.75 0.90 1.05 1.15 1.75 3.25 19.00 27.50 50.00 135 2500 - -
$ - - - - - - - - - - - - 375 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 8413
Low Grade: VF
Average Grade: 66
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/15/2001 PCGS MS 68   Teletrade Auction 1494, 1494/Lot# 1035 $872.00
7/28/2002 PCGS MS 67   Heritage Auctions 2002 July New York Bullet Sale #295, 295/Lot# 295 $106.95
12/7/2004 NGC MS 67   Heritage Auctions Exclusively Internet Auction #24122, 24122/Lot# 13176 $42.00
8/13/2007 NGC MS 66   Teletrade Auction 2407, 2407/Lot# 1011 $84.00
2/12/2012 PCGS MS 65   GreatCollections GreatCollections Coin Auctions 02/12/2012, 7/Lot# 31821 $20.00
2/28/2012 PCGS MS 68   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 1568 $3,450.00
5/27/2012 PCGS MS 67   Goldberg May 27-31, 2012 The May Pre-Long Beach Auction, 69/Lot# 481 $80.50
12/13/2012 PCGS Genuine XF   Bonhams Coins and Medals, 20086/Lot# 1075 $6,435.00
10/19/2014 NGC MS 67   David Lawrence Rare Coins Internet Auction # 826, 835/Lot# 31 $130.00


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