At some point during that year, however, a few copper blanks made it into the minting process— and it is these “mistake” coins that are now being sold for amounts somewhere in the 5 and 6 figures. As mentioned, these 1943 copper wheat pennies must be in mint condition to net values in the $85,000 range. But even in lesser conditions, they have still been selling at an average price of $60,000 (according to Coin Tracker). Saul Teichman, an expert in U.S. Mint errors explains (via Coin Week) that collectors drive up the value of the coin, explaining:

“1943 copper cents have a special cachet with collectors. As for market value, the 1943 cents sell for much more than other errors struck around the same time. ” “Many other World War II errors are rarer than 1943 copper or 1944 steel cents but bring a fraction of a price as they lack that special cachet.”
According to media sources, coin collectors must be cautious about 1943 copper wheat penny dupes.

Now that these pennies have been getting a lot of attention, the market is rife with counterfeit copies. Coin Trackers said that many fraudsters will file down the left side of the number 8 on a 1948 copper penny to make it look like a genuine from 1943. Others will take a regular steel penny and coat it with a copper covering in order to make it appear like the real deal. If you’re concerned about a counterfeit, Coin Trackers advises using a magnet to test the coin.

As Daily Mail UK explains, “A solid copper penny will not stick to a magnet, while a steel penny with copper plating will.” So, what are you waiting for? Go take a look at your collection, because you may just have one of the luckiest pennies around! Please SHARE this with your friends and family.