1943 Copper LWC

The ever elusive 1943 copper Lincoln cent, not minted in steel. Yes, minted in copper and authenticated by PCGS. It is up for sale in a GC auction. Here's a link to it. I know this has been probably the most sought after error coin of young collectors in my days. Seeing one for sale, in my head is mind blowing.

This auction is not ending until January 30th so y'all have a good amount of time to get your finances in order to make it happen. Unfortunately for me, the 1943 Lincoln Cent Copper in AU-50 BN doesn't work for my taste. I was looking for the AU-50 in RD. Oh well, maybe next time

I know I'll be following this auction until the hammer drops. Any of you folks interested in following this iconic coin change hands too?

1943 Lincoln Cent Bronze/Copper PCGS AU-50 BN

I'm not sure if this is the correct forum for this discussion, so mods, do your deed if I posted this in the wrong section.

 

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yessss only $190,000

 

Opening bid. With over a month to go till the hammer.

 

What amount will you think it will go to ??? $300,000.00

 

I think that's a fair price, $300,000. However, in this bizarro world of coin prices this year, who knows? As an AU-50 it shouldn't go much higher. Must remember though, what's up is down and what's down is up.

 

I think that the excitement is down right now for this error.
$232,000

 

Too much time left till the hammer. It'll go considerably higher as we get closer to 1/30/22

 

The Error Coins forum would of been better but this one is just fine!

 

Methinks the bidding may go higher than any of us think it might. In this crazy world of overbidding, all you need is two wealthy and avid collectors (or worse yet non-collectors). Wouldn't surprise me if the final bid would top $400,000. But then again, it will happen only if you get two individuals who want it no matter the cost. Bragging rights mean something to the wealthy. Right now their "toys" are baseball, football, and basketball team ownerships with cars, yachts and coins not too far behind.

 

how many 1943 copper cents got minted before the steel cent went into production?

 

You have to know how they were made. They were not intentionally made. They were left over Copper blanks from the previous year they were struck. Nobody knows the exact number and they occurred at the Philadelphia and Denver Mints.

About 40
What's So Special About 1943 Copper Penny? | U.S. Mint (usmint.gov)

It's known as a Transitional Mint Error. Same thing happened in 1944 when leftover steel blanks were struck.

Here is a great CoinWeek article - Everything You Need to Know About the 1943 Copper Penny (coinweek.com)

 

Thank You Paddyman. I wasn't sure but heard of a few of them. This is the first example of the 1943 copper cent that I ever saw that was graded.

 

I'll pass. I wanted the 1943 D.

 

I'll take 10. What, he only has 1, not interested. I'll wait for paddyman to dig one up and make him an offer he can't refuse.

 

I'm not into spending a lot of money on coins. The most I have spent is for the 2021 American Liberty High Relief Gold coin from the Mint for about $2,800, maybe less. If my wife found out that I spent that much, my coin and I would be out the door. It is a beaut, tho. I have the 2009 and the 2017 as well. All not slabbed.

 

I have also found many cool errors while coin roll hunting! No 1943 copper cents or 1944 steel cents either. It's the thrill of the hunt with a small budget.

 

Could, could go lower though considering the last high end copper (the 1796 Pogue cent) ended with a weak price that was significantly lower than its last two sales. Someone got a steal on that one

 

From my own experience with selling on Great Collections (GC), and also from what Ian Russell has personally told me, most auctions for coins that are in demand (either due to their grade or other attribute, or due to rarity) see bidding near what it will ultimately sell for, in the last hour before the auction ends.

 

I agree and it might get a bit higher but it's more of a well-known anomaly than a classic rarity.

 

My thoughts were that the ex Simpson AU58 CAC lost 50,000 at auction in 2019. Sold for $252,500. I have a hard time seeing it surpass that price.