Welcome to the American Numismatic Association channel! In this video, Rod Gillis, the Education Director, delves into the intriguing world of the 1943 cent. If you've ever wondered about the rarity of this coin, you're in for a surprise!
The 1943 cent holds a special place in coin history as the only coin minted from steel, a measure taken during World War II to conserve copper for artillery shells. Despite popular belief, these steel cents are far from rare, with over a billion produced across the San Francisco, Denver, and Philadelphia Mints in 1943 alone.
But here's where it gets interesting: while many seek the elusive 1943 copper cent, only a handful exist. The confusion arises when individuals mistake the common steel cent for its rare copper counterpart, leading to misconceptions about its value.
To distinguish between the two, Rod Gillis reveals a simple trick: a magnet. If your cent is attracted to the magnet, it's the common steel variety. However, if it isn't, you may have struck numismatic gold-unless it's been tampered with. Some unscrupulous individuals have attempted to pass off altered coins as rare copper cents, a practice detectable under a microscope.
If you're unsure about your coin's authenticity, visit your local coin dealer for expert advice. They can verify its legitimacy and guide you through the intricacies of coin collecting. Remember, while owning a rare 1943 copper cent might seem like hitting the jackpot, it's as rare as winning the lottery, scoring a hole-in-one, being struck by lightning, and meeting Ringo Starr in a bowling alley-all in one day!
Stay informed, avoid misconceptions, and happy collecting from the American Numismatic Association! For more numismatic insights, visit our website at money.org.
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