Lucky pennies are a real thing. In this case, the luckiest pennies of all are much more valuable than they appear to be.
Check all your change carefully, because the 1943 copper wheat penny goes up for $85,000 at auction.
There have been very few pennies like that ever minted and they were only released into the public by accident, making them very valuable to collectors.
Pennies of that year were usually made from steel or war pennies. Copper plates were tested or mixed with steel plates in 1942, which resulted in the valuable error.
Don’t get too excited if your penny reads 1943 though! There are many fakes floating around. Some people file down 1948 pennies to look like “1943.”
Some people even go so far as to try to copper plate their coins to make them look like genuine copper. The best way to tell, according to experts, is to try and stick the coin to a magnet. If it actually sticks, the copper is fake.
This is not the first time a penny sold for way more than its face value. In 2012, Texas Rangers co-chairman Bob R. Simpson bought a bronze 1943 Lincoln penny that was supposed to be made of steel. Pennies can be lucky, especially if they’re 1943 copper wheat pennies. They are going for up to $85,000 at auction. Only a few such pennies were ever minted and released into the coin supply by mistake, according to CoinTrackers.
Pennies made in 1943 were supposed to be minted as steel pennies or war pennies, KTRK reported. Coin analysts suggested that copper plates might have been tested or mixed in with other steel plates from 1942, resulting in this error. However, there may be some fakes floating around. CoinTrackers warns that 1948 pennies could easily be filed down to say “1943.” It is also not very difficult to copper plate a coin to make it look like genuine copper. Experts say you can verify a coin’s content by seeing if it will stick to a magnet. If it does, the copper is fake.