![]() If the coin sticks to the magnet, it contains steel and is fake.Īnother scam involves the 1948 penny. They look very convincing, although you can check the coin for authenticity with a magnet. Some of them are very hard to identify and even experienced numismatists find it difficult to tell the difference.Ī popular counterfeiting method is to plate a steel cent with copper. Is Your 1943 Wheat Penny Fake?ĭue to their high value for coin collectors, there are lots of fakes around. It is now part of The Dazzling Red Collection of Lincoln Wheat Cents owned by this unnamed collector. There are only thought to be 20 of these 1943 bronze wheat cents available with no mint mark meaning they were made at the Philadelphia mint.ĭue to their rarity, these coins are very valuable and continue to rise in value every year.Ī lower quality EF40 was sold for $23,000 in 2001 which was a real bargain for the buyer.Īn higher quality MS62BN sold in 2021 for $372,000, while the finest known MS63RD was sold privately for over one million dollars to an anonymous collector in 2018. One of the most valuable Lincoln cents ever produced.
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