Author Topic: 1943 Steel Penny  (Read 202 times)

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Offline gpimper

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1943 Steel Penny
« on: August 02, 2019, 12:47:10 AM »
We have many and some are in better condition but this one is a new find and just kind of jumped out at me :-)  Back story for anyone not familiar with the 1943 steels, during World War II there was a major shortage of copper so the US mint went to steel for pennies.  They were not well received!  Gone in a year.  However, if you come across a copper 1943, well, you'll be rich :-)  A few hundred were minted on accident.  Steels are one of my favorite pennies to collect.
« Last Edit: August 02, 2019, 12:52:54 PM by Figleaf »
The Chief...aka Greg

Offline brandm24

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Re: 1943 Steel Pennie
« Reply #1 on: August 02, 2019, 12:05:09 PM »
The steelies are interesting for sure, but it's getting harder to find really nice ones. From what I understand, the coins composition is it's own worst enemy. Basically, they'rel self-destroying because of the basic metallic mix used in the planchets.

Bruce
Bruce

Offline Figleaf

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Re: 1943 Steel Pennie
« Reply #2 on: August 02, 2019, 12:52:40 PM »
I bought an unc copy as a teenager. It was stolen four decades later, in 2013, as unc as it was when I bought it. The secret is simply to keep it dry. Really dry.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline brandm24

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Re: 1943 Steel Penny
« Reply #3 on: August 02, 2019, 05:59:05 PM »
I wasn't sure if there was a way to preserve them, but you've found it, Peter. Not sure if that would work for a much longer period of time.

Bruce
Bruce

Offline gpimper

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Re: 1943 Steel Penny
« Reply #4 on: August 03, 2019, 01:34:03 AM »
Yes, dry helps.  How you preserve them will make them last, for wore!
The Chief...aka Greg

Offline brandm24

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Re: 1943 Steel Penny
« Reply #5 on: August 03, 2019, 12:44:25 PM »
I looked into the details of the steel cents, and found that the big problem was the thin layer of zinc applied over the steel planchet. The composition is 99% low-carbon steel with the zinc applied to keep the steel from rusting. The problem was that the plating wasn't applied on the edges of the coin, so they began to rust fairly quickly.

As they aged a bit, they were also easily mistaken for a Roosevelt Dime because of the toning. This and the fact that they were often rejected in vending machines made them very unpopular with the public.

Bruce
Bruce

Offline Prosit

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Re: 1943 Steel Penny
« Reply #6 on: August 03, 2019, 02:21:08 PM »
Note:
You can still get very nice looking coins for not a lot of money but many have been reprocessed.
A completely natural flawless MS coin is imo a rare thing.

Dale

Offline brandm24

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Re: 1943 Steel Penny
« Reply #7 on: August 03, 2019, 10:11:39 PM »
Note:
You can still get very nice looking coins for not a lot of money but many have been reprocessed.
A completely natural flawless MS coin is imo a rare thing.

Dale
You're right, Dale. Dealers sometimes clean and re-plate them to make them look pristine. From what I understand, these processed coins has little if any value...as long as you know they've been doctored.

I've also seen quite a few MS coins over the years. No, Not valuable or rare.

Bruce
Bruce

Offline Oklahoman

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Re: 1943 Steel Penny
« Reply #8 on: August 03, 2019, 11:51:14 PM »
A natural world coin match to this US collectible is the Belgian 2 francs of 1944.  That coin was struck on the same zinc coated steel planchets that were no longer required for US coinage.

Offline Figleaf

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Re: 1943 Steel Penny
« Reply #9 on: August 04, 2019, 12:19:12 AM »
Indeed! I had an EF/UNC specimen of that coin. Much metal colour but not all over. Can't remember what the edge looked like. It looked more blueish.

It is possible that my steel cent had been doctored. Didn't know, so didn't look for it. It looked whitish and was 100% metal colour.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Prosit

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Re: 1943 Steel Penny
« Reply #10 on: August 04, 2019, 12:37:44 AM »
There are a lot of coins made from terrible metals once you start looking.
First one that comes to my mind is the Austrian 5 Groschen 1948-1993
Dale

Offline brandm24

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Re: 1943 Steel Penny
« Reply #11 on: August 04, 2019, 01:48:32 PM »
A natural world coin match to this US collectible is the Belgian 2 francs of 1944.  That coin was struck on the same zinc coated steel planchets that were no longer required for US coinage.
That's interesting, I didn't know that.

Bruce
Bruce

Offline gpimper

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Re: 1943 Steel Penny
« Reply #12 on: August 12, 2019, 06:15:26 AM »
From our collection :-)  But if anyone happens to come across an extra 49-S, well, we are lacking!  Update...2 1949 S found, another 1909 vdb and my girl's missing 1945 D.  Making progress 🤗  Next we are diving into Flying Eagles and Indian Heads.
« Last Edit: August 15, 2019, 03:19:12 AM by gpimper »
The Chief...aka Greg

Offline gpimper

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Re: 1943 Steel Penny
« Reply #13 on: August 12, 2019, 06:29:41 AM »
"A natural world coin match to this US collectible is the Belgian 2 francs of 1944.  That coin was struck on the same zinc coated steel planchets that were no longer required for US coinage."  Cool, did not know that!
The Chief...aka Greg

Offline gpimper

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Re: 1943 Steel Penny
« Reply #14 on: August 15, 2019, 03:10:48 AM »
Back in the day the favorite mode of cleaning old coins was to wash them in jean pockets then use a pencil eraser.  I've found a few in my collecting experience.  Just need to look for the lines 🧐
The Chief...aka Greg