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1943 Steel Penny - Worth Grading?

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United States
7 Posts
 Posted 05/23/2024  10:55 am Show Profile   Bookmark this topic Add Tallicahh22 to your friends list Get a Link to this Message Number of Subscribers
1943 Steel Penny, not sure if this is even worth grading but here ya go!

1943-Steel-Penny---Worth-Grading?
1943-Steel-Penny---Worth-Grading?
1943-Steel-Penny---Worth-Grading?
1943-Steel-Penny---Worth-Grading?
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John1's Avatar
United States
56855 Posts
 Posted 05/23/2024  11:12 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Sorry to say nowhere near grading/slabbing worthy.Looks like a possible fingerprint on the obverse.
John1
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Coinfrog's Avatar
United States
94367 Posts
 Posted 05/23/2024  11:28 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Worth a few cents tops.



to the CCF!
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United States
7 Posts
 Posted 05/23/2024  11:29 am  Show Profile   Bookmark this reply Add Tallicahh22 to your friends list Get a Link to this Reply
I didn't think so, but this is all new to me so thank you.
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jbuck's Avatar
United States
187914 Posts
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United States
7 Posts
 Posted 05/23/2024  11:44 am  Show Profile   Bookmark this reply Add Tallicahh22 to your friends list Get a Link to this Reply
Thanks! You all will probably see a few post by me soon. My uncle is having me go through his coins that he's kept forever (like in a jar ) to pay off some medical bills lol ... so wish me luck
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Errers and Varietys's Avatar
United States
73849 Posts
 Posted 05/23/2024  1:28 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I'd say AU for the grade maybe. Definitely not worth slabbing at all. Not worth very much.
Errers and Varietys.
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igwt79's Avatar
United States
1464 Posts
 Posted 05/23/2024  1:37 pm  Show Profile   Bookmark this reply Add igwt79 to your friends list Get a Link to this Reply
@Tallicahh22
Everyone's input and advice is spot on.

Sorry to hear about your uncle.
I wish you both good luck!
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IndianGoldEagle's Avatar
United States
36678 Posts
 Posted 05/23/2024  4:49 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU-55. Worth around $1.
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panzaldi's Avatar
United States
18649 Posts
 Posted 05/24/2024  08:19 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
steel pennys were minted during WW2 due to the need for copper. they were minted with 99% steel and 1% zinc. although cool and a representation of our countries history there were so many minted that they don't have much value unless they are high MS condition.

as for professional grading. most non-collectors have no idea what it cost to grade a coin professionally graded. the chances you will find a coin in circulation that has enough value to cover the costs is very slim.

consider the following for having a coin professionally graded
two reasons to slab

1. its a rare coin that needs authenticated and preserved
2. you are planning on selling the coin and the cost of acquisition plus the grading fee's would warrant it without chewing up all your profit

PCGS charges a minimum of $69 for a subscription other subscription levels include grading vouchers though so you could reduce these costs. add to the subscription cost, per coin grading cost which I think for this one might be $23, shipping & ins both ways (1-4 coins is $27 if the total value is under $1000)

NGC - economy grading tier is $22, plus $10 handling fee, plus $28 for shipping (1-5 coins).

ANACS grading would be $16 but there's a 5 coin minimum. Shipping would be $29-35.

CAC - $99 subscription ($50 grading credit), economy grading $15, gold $28, $40 shipping/handling/ins

i don't slab coins for these reasons especially the cost involved. I don't know why this is so popular today. just making the grading companies wealthy
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BadThad's Avatar
United States
19935 Posts
 Posted 05/24/2024  6:09 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
EF-45
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