What Is A 1943 Steel Penny Worth Today?

Above, 1943 steel Lincoln pennies. Photo by Armand Vaquer.

Two years ago, I had a strongbox opened at a locksmith's shop. I had no idea what was inside of it as I had no key to it. It belonged to my father before he died.

When the strongbox was opened, I found inside coins, jewelry and just plain junk. Some of the coins were several 1943 steel Lincoln cents.

Which brings me to the topic of this blog post: 1943 steel pennies.

U.S. Gold Bureau has posted an article on the steel pennies.

They begin it with:

For the mint industry, 1943 was a year of turmoil. This is particularly evident in that year's penny, one of the most unique coins of all time.

There are several reasons why the 1943 penny enjoys this reputation. One is that it's the only steel penny that was ever mass-produced in the United States. It also comes in rare varieties, some of which are extremely valuable.

Want to know more about the 1943 steel penny value? Read on to find out how this coin came to be, what makes it valuable, and how to identify it.

To read more, go here. 

Protect Your Wealth With American Silver Eagles

Since Bidenflation reared its ugly head during the past two years, I have been diversifying my investment portfolio with silver coins. This included buying American Silver Eagles.

American Silver Eagles are great-looking coins and I have purchased several of them including a proof one that I bought at the U.S. Mint booth at the National Money Show.

The question arises, Why should I invest in them?

U.S. Gold Bureau posted an article that answers that question.

They begin it with:

In 1916, production ensued for Adolph A. Weinman’s “Walking Liberty” half-dollar. The image of a billowing Lady Liberty, stepping forwards with confidence in what lies ahead, inspired the obverse design for Silver American Eagles. 

Much like precious metals investments themselves, the coin’s reverse depicts a heraldic eagle, symbolizing virtues of strength and endurance. For numismatic hobbyists and investors alike, this guide will cover how adding silver eagle coins to your portfolio can help protect your wealth. 

What Are Silver Eagles and Why Should I Invest in Them?  

Over 565 million Silver Eagles have been coined since 1986. The weight and purity of each American Silver Eagle bullion coin are guaranteed by the U.S. government, making them a reliable investment. 

Freshly minted bullion coins, particularly, are coveted for their precious metals content and can be an entry point into precious metals investing. Each coin contains at least one troy ounce of 99.9% pure silver. Thanks to their regulated precious metals content, they can even be held in a Precious Metals IRA.

Furthermore, Silver Eagles can act as a hedge against inflation. Thanks to their previous metals content, they carry an intrinsic value, pose no credit risk, and are immune to federally induced inflation— you can't print more of them, and there’s a limited mintage. 

To read more, go here. 

Ronald Reagan and the American Silver Eagle

Above, Ronald and Nancy Reagan at Los Angeles International Airport in 1980. Photo by Armand Vaquer.

U.S. Gold Bureau posted an article on the release of the proof version of the 2023 American Silver Eagle coin on March 2. 

While at the National Money Show in Phoenix a couple of days later, I purchased one.

While the news on the release of the proof coin is now "old news", the beginning of the article caught my attention. It was about how the American Silver Eagle coins came to be.

Here's a snippet:

Silver American Eagles became the global standard of sovereign silver coins shortly after President Ronald Reagan signed the Liberty Coin Act in 1985. The Liberty Coin Act granted the U.S. Mint authority to produce both bullion and proof versions of the Silver American Eagle. In 1986, the first Silver American Eagle was minted in San Francisco, and the world has never been the same. 

The first Silver American Eagle was produced ceremonially on October 29, 1986, at the U.S. Mint's San Francisco Assay Office. Secretary of the Treasury James Baker dramatically reached for the button to turn on the press and said to the media, "I don't need a pick and shovel to start the San Francisco Silver Rush of 1986." Baker’s remark playfully referred to the San Francisco Gold Rush of 1849, which directly led to the opening of the San Francisco facility in 1854. Baker correctly predicted the coming silver rush. Since 1986, more than 750 million Silver American Eagles have been sold. Read the fabled history of the San Francisco Mint here. 

To read more, go here.