How rare are 1863 pennies?
My sister’s work place has a Coin Star machine and once in a while she’ll find Canadian coinage or Jamaican coinage, she even found a Schilling once. What I am concerned about is one day she found a 1943 silver penny and an 1863 penny. How rare are 1863 and 1943 pennies? The 1863 penny looks like an Indian head penny but if I’m right 1863 was before Indian head pennies so it looks more like Lady Liberty but the composition looks like it’s mixed with silver because it’s a light pinkish color unlike regular pennies.
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Indian Head Pennies depict Lady Liberty wearing a feathered headdress, which looks similar to an American Indian war bonnet, hence the popular name "Indian Head Penny."
All Indian Head Cents are worth at least a dollar if you can read the date and still see the basic devices (G-4 grade), but many are worth considerably more, even in this modest grade. The prices below are for the average grade, about VG-8; they have a clear date and at least 2 letters of the word LIBERTY appear on the band of the headdress. Also, the coin shouldn’t have any major defects, such as being holed, bent, corroded, etc.
1863 Indian Head Penny value $5.50 .
Excellent find!
http://coins.about.com/od/coinvalues/l/bl-indian-head-penny-values.htm
The 1943 silver colored penny is a wartime issue made of steel, and coated with zinc. During World War II, copper was so badly needed for the war effort (to make shell casings) that the U.S. penny was made out of steel that year, which is why most 1943 pennies are silver colored. They are worth about 12 to 15 cents each in ciruclated condition, and as much as 50 cents or more if Uncirculated.
This IS a historical rare coin you should hold onto if you ever come across them. A penny from anceint Rome isn’t worth worth but a few bucks either. It’s what they stood for and what was happening in history when they were minted.
It was the COPPER ones that are worth more money here because they were minted by accident.
The easiest way to determine if a 1943 one cent is made of steel, and not copper, is to use a magnet. If it sticks to the magnet, it is not copper and is worth about 50 cents. If it does not stick, the coin might be of copper and should be authenticated by an expert.
http://coins.about.com/od/uscoins/f/silver_pennyFAQ.htm
http://coins.thefuntimesguide.com/2006/01/rare_pennies.php
Indian head pennies began in 1859, and for the first few years, were made of bronze, and thus look different. they are also more valuable. Most Indian heads go for a buck or so in good condition. The earlier, bronze ones go for 2 bucks and so on up. There were 50 million minted, so they are not rare, but thene again, you’ll probably never see one again unless you look!
The 1943 penny should be silver and look almost like a dime. These were made of steel to save copper for bullet casings during World War II. They are worth anywhere from 5-50 cents, depending on condition. None of these are rare if they are steel. However, it is rumored that a few copper planchets were still in the hoppers after the dies were updated, leading to a handful of copper 1943 pennies.
These were so incredibly rare, that people began copper plating the steel ones and passing them off as copper 1943 pennies. Take a magnet to it. If you have a pinkish brown, 1943 penny that is not magnetic, you’re a rich man!
The Indian Head Cent from 1859 until mid-1964 was made of 88% copper and 12% nickel: the first US coin to contain nickel, and they were often referred to as nickels or nicks. If you can not read the complete word LIBERTY on the headband, the coin retails for between $7US and $15US and more if you can read the complete word LIBERTY. The coin in the first link below is probably worth about $12US.
The 1943 Lincoln Cent was made of zinc plated steel. There might be a mint mark (plain, Philadelphia; D, Denver; S, San Francisco) below the year. The coin in the second link below would retail for around $0.15US, and most coins from this year are worth less than $1US.
By the way, Austria spells their denomination Schilling while Britain and all of its satellites spell their denomination Shilling, and that coin would likely be made with silver.
I hope that helps.