How much are steel pennies worth?

Most steel pennies are worth between 20 cents and 20 dollars. Prices for 1943 penny error coins, like the 1943-D doubled mintmark variety, can reach several hundred dollars. For the most reliable information on coin values and coin collecting, trust precious metals experts rather than craft and hobby websites. What Are Steel Pennies?

How much is a 1943 Lincoln wheat penny worth?

Zinc-coated steel was used as the substitute metal composition and hence the new silver-like coin is known as the wartime steel cent or steel penny. USA Coin Book Estimated Value of 1943 Lincoln Wheat Penny (Steel Cent Variety) is Worth $0.23 in Average Condition and can be Worth $2.98 to $9.69 or more in Uncirculated (MS+) Mint Condition.

Why did the US make a Steel Penny during WW2?

During World War 2: The US needed to allocate as much copper as possible for the war effort and this included copper used for minting Lincoln Cents at the US Mint. Zinc-coated steel was used as the substitute metal composition and hence the new silver-like coin is known as the wartime steel cent or steel penny.