1943 Steel Lincoln Wheat Penny No Mint Mark Ungraded

The 1943 Steel Lincoln Wheat Penny is a unique and historically significant coin. Due to copper shortages during World War II, the U.S. Mint temporarily switched from traditional bronze to a zinc-coated steel composition. This particular variety, struck at the Philadelphia Mint, lacks a mint mark and is one of the most widely recognized wartime coins. While millions were produced, high-grade examples with full luster and minimal wear remain highly sought after by collectors.

Specifications:

• Composition: Zinc-coated steel
• Diameter: 19.05 mm
• Weight: 2.7 grams
• Edge: Plain
• Mintage: 684,628,670

Grading Considerations:

• Uncirculated Examples: Coins with sharp strikes, full luster, and no signs of wear can range from MS-60 to MS-68 on the Sheldon Scale.
• Circulated Examples: May exhibit wear, oxidation, or rust, lowering their grade to XF (Extra Fine) or lower.
• Key Factors: Surface preservation, luster, and strike quality significantly affect value.

10-Year Price Appreciation Calculation

Starting Price (2024): $1,000
Estimated Annual Appreciation Rate: 5-10% (based on historical trends for high-grade examples)

Conclusion

If the coin appreciates at 5% annually, it could be worth approximately $1,629 in 10 years. If it follows a higher 10% annual appreciation, it could reach $2,594. The actual appreciation will depend on demand, market trends, and the overall rarity of high-grade specimens.