Expert: PAPAJACK - 6/1/2009

Question
QUESTION: i have a 1944 s , penny , can you tell how much it is worth, its in good condition, circulated.

ANSWER: Hello Monte,          

Coins are valued on a scale from 1 to 70.

Most circulated coins range from Good (grade-G4) to Almost Uncirculated (grade-AU50) on the scale.
Only a strictly uncirculated coin can grade Mint State between 60 and 70.

It is considered Low Grade if the cheek and jaw bone is worn into each other, and if the lines on the wheat heads are worn.

In the better grades :
Very Fine (grade-20) = $.10
Extremely Fine (grade-40) = .20 and
Almost Uncirculated (grade-50) = $.30

For mint state grades the coin value ranged from .40 cents to $4.00 dollars in Mint State Grade 65. This would be for a specimen coin with no defects such as having been cleaned, dented, scratched etc...

I hope this information helps.

Good Luck

PapaJack


---------- FOLLOW-UP ----------

QUESTION: i made a mistake it is a 1943s silver penny, can you tell how much it is worth, its in good condition again it is  circulated

Answer
Hello again Monte,          

No Problem. The 1943 Lincoln Cents are 'ZINC COATED STEEL' released only in 1943. And yes there is some value on them.

Owing to a shortage of copper during the War, the Treasury Department used steel for the Cent. No bronze coins were officially made that year, although some exist, and through a similar error some steel cents from 1944 do exist.

All three Mints made the coins.
Philadelphia produced 684,628,670 of them.

Denver Mint produced 217,660,000 of them.

San Francisco produced 191,550,000 of them.

It is very likely there are many rolls of them left. Or even to collect a 50 to 100 of them would have been easy in the 1960's to 1970's. I don't see too many of them in circulation any more. A lot of them rot away if exposed to the elements.

Their value ranges from .20 cents for lower grade specimens to about $3.00 in brilliant uncirculated condition to collectors.

Hope I answered all your questions. Feel free to ask me others about US Coins.

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If there any more information you require on this question just ask.

Thank You and Good Luck

PapaJack