The Bronze Penny Valued at $840,000, Still in Circulation

The Bronze Penny Valued at $840,000: This is not a story, but a reality. The rare bronze penny of 1943 may still be in circulation today and its price has reached up to $ 8,40,000! This is the reason why coin collectors around the world have their eyes on this priceless coin. But why is this coin so special? Let’s know its rarity, history and the real reason for being valuable.

The story of the rare bronze penny of 1943

In 1943, during World War II, the US started manufacturing coins from steel to save copper for the war. But by mistake some coins were also made from a mixture of old copper and this mistake became a part of history.

Due to this mistake, some bronze pennies came into circulation. Of these, only 20-25 coins have been found so far. These are extremely rare coins, and one of them was sold for $8,40,000 (about Rs 7 crore)!

Why is this coin so expensive?

1. Extreme rarity

  • Only 20-25 coins have been found so far all over the world. Being in such a small number, their price has skyrocketed.

2. Historical mistake

Since these coins were made by mistake, they hold a special place in history. Any historical mistake in the coin increases its price manifold.

3. Huge demand among collectors

Coin collectors and investors around the world are looking for such unique coins. This is the reason why the price of 1943 bronze penny has become so high.

4. Condition of the coin

If the coin is in good condition (near-mint condition), then its price can be even higher.

How to identify the 1943 bronze penny?

How to identify the 1943 bronze penny?

If you find a 1943 penny, follow these steps to test it:

  • Magnet Test Coins for Steel Stick to Magnetic Surface While Brass Coins Do Not: If Your Coin Stick to Magnet it May Be Rare American Coin.
  • Check the shade-Bronze pennies are light reddish brown while steel coins are silver gray.
  • Weight Measurement-Bronze pennies weigh about 3.11 grams, while steel pennies weigh 2.7 grams.

Where can you find this rare coin?

If you think this coin may be within your reach, check out these places:

  • Old coin collections – If someone in your family used to collect old coins, you may be likely to find this coin there.
  • Rolls of coins from the bank – Many people buy rolls of coins from the bank and try to find rare coins among them.
  • Loose money in your pocket – If you have a habit of finding old coins, then searching for a 1943 penny may prove to be beneficial for you.

What do you do if you find this rare coin?

If you believe that you have a 1943 bronze penny, do the following:

  • Magnet test: If it does not attract to a magnet, then chances are it’s genuine.
  • Weight test: Weigh it on an accurate scale.
  • Seek professional help: Take it to a numismatist or get it evaluated by a third-party coin grading service like PCGS (Professional Coin Grading Service).
  • Sell it at auction – If it’s real, put it up for a coin auction, where collectors can buy it for a high price.

Conclusion

A simple coin can make you a millionaire! There is still a rare bronze penny from 1943 somewhere, and if you find it, it can change your life. The next time you see an old coin, don’t forget to look at it carefully – you might be lucky!

FAQs On The Bronze Penny Valued at $840,000

Q. How much can a 1943 bronze penny be worth?

A. The highest price ever quoted is $8,40,000 (approximately Rs 7 crore), but it depends on the condition and auction.

Q. If my 1943 penny is made of steel, is it also valuable?

A. No, 1943 steel pennies are very common and do not have much value.

Q. Can I sell this coin myself?

A. Yes, but it is necessary to get it certified first from an official body like PCGS or NGC to confirm its authenticity.

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