Face Value: 1944 Cents | NGC (2024)

Posted on 3/14/2023

Keep an eye out for ones with a steel planchet or Denver issues with a mintmark on top of another mintmark.

In 1944, the tide was turning in World War II decisively in favor of the Allies. And things were starting to get back to normal at the US Mint. The Mint was able to return to mostly copper planchets to strike cents, rather than using the zinc-coated steel ones for cents dated 1943.

Today, most cents that have the Wheat Ears Reverse (used from 1909 to 1958) have been cleared from circulation, but it is still possible to find them. If you do come across one, there are few things to look for: its condition, its composition and a possible 'D' mintmark struck over another mintmark.

The worth of a 1944 Lincoln Cent will vary depending on the mint facility, grade and variety. (The US Mint was not producing Proof Cents at the time, so all were business strikes.) Another factor determining the market value is whether the coin has a Red (RD), Red-Brown (RB) or Brown (BN) designation. Specific criteria for the Lincoln Cent to be eligible for these designations is as follows:

  • RD - exhibits at least 85% of its original red luster
  • RB - exhibits at least 15% of its original red luster
  • BN - exhibits less than 15% of its original red luster

Typical 1944 Lincoln Cents

Over 2 billion 1944 Lincoln Cents were struck, including 1.435 billion at Philadelphia, 430 million at San Francisco and 282 million in Denver. Today, typical examples in grades lower than Mint State are worth less than a dollar. For Mint State examples, values include:

  • 1944 BN: $3.50 in MS 63 to $35 in MS 67
  • 1944 RB: $4.75 in MS 63 to $55 in MS 67
  • 1944 RD: $9 in MS 63 to $225 in MS 67
  • 1944-D BN: $1.75 in MS 63 to $35 in MS 67
  • 1944-D RB: $4.75 in MS 63 to $40 in MS 67
  • 1944-D RD: $8.25 in MS 63 to $150 in MS 67
  • 1944-S BN: $2.50 in MS 63 to $40 in MS 67
  • 1944-S RB: $2.75 in MS 63 to $50 in MS 67
  • 1944-S RD: $8 in MS 63 to $120 in MS 67

To learn more about the Lincoln Cents and see the latest values from the NGC Price Guide, visit NGC Coin Explorer.

Face Value: 1944 Cents | NGC (1)Face Value: 1944 Cents | NGC (2)
1944-S CentClick images to enlarge.

Steel 1944 Lincoln Cents (Transitional Error)

To save copper for the war effort, the US Mint switched to zinc-coated steel planchets for the 1943 Cents. However, a handful of 1943 Cents were mistakenly struck using the mostly copper planchets. Today, these Transitional Errors rank among some of the greatest rarities in US numismatics.

When the US Mint switched back to mostly copper planchets for the 1944 Cents, a handful of Transitional Errors occurred again, this time with a very small number of Cents being struck using the unexpected zinc-coated steel planchets. This is believed to have occurred because these planchets became lodged in the US Mint totes and didn't come loose until after the new planchets were introduced.

Steel 1944 Lincoln Cents have been found with the 'S' mintmark (for San Francisco), the 'D' mintmark (for Denver) and the lack of a mintmark (for Philadelphia). Their more famous 1943 older brothers generally sell for over $100,000 at auction, but the 1944 Steel Transitional Errors still sell for a pretty penny, as well: typically over $10,000. Philadelphia examples are more common, which is credited to the fact that the Mint facility there was striking Belgian coins using the steel planchets.

Cents struck with the steel planchets are expected to weigh 2.70 grams, compared to 3.11 grams for one struck with mostly copper planchets used at the time.

Face Value: 1944 Cents | NGC (3)Face Value: 1944 Cents | NGC (4)
1944 Cent - SteelClick images to enlarge.

1944 Lincoln Cents Varieties

There are a dozen varieties recognized in NGC VarietyPlus, nearly all involving mintmarks punched over other mintmarks. They include a 1944-D/S variety known as FS-512 shown here, where traces of the 'S' can be seen behind the D. An example of the FS-512 variety graded NGC MS 66 RD realized $1,020 at a Heritage Auctions sale in October 2022. This is over 20 times what a simliarly graded 1944-D without the variety would be expected to sell for.

Face Value: 1944 Cents | NGC (5)Face Value: 1944 Cents | NGC (6)
1944-D/S Cent - FS-512 varietyClick images to enlarge.

Other varieties include several D/D overmintmarks, including FS-502 shown at right here. Check out all the varieties available for 1944 Cents in VarietyPlus.

Face Value: 1944 Cents | NGC (7)Face Value: 1944 Cents | NGC (8)
Close-up of 1944-D/S FS-512 variety (left) and 1944-D/D FS-502 variety Click images to enlarge.

All values are based on the NGC Price Guide as of March 2023.

Related Links:

  • More Face Value columns
  • NGC Variety Plus

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Face Value: 1944 Cents | NGC (2024)

FAQs

Face Value: 1944 Cents | NGC? ›

Typical 1944 Lincoln Cents

What makes a 1944 penny so rare? ›

The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.

How much is a 1944 wheat penny worth today? ›

Continue reading to learn more about 1944 Wheat Penny Value. Circulated Condition: Generally worth up to $5. Uncirculated Condition: In uncirculated condition, these pennies can be worth $1 to $5 or more, depending on their quality.

How many 1944 steel pennies have been found? ›

Experts estimated the surviving population of the 1944 Steel Cent to be in the range of 25-30 pieces, or about double that of the known population of 1943 Bronze Cents.

How to tell if a wheat penny is worth money? ›

Coins with mistakes, such as a double die or missing letters, can be worth significantly more than their regular counterparts. Another way is to look for specific years known to be scarce or have low mintage numbers. Collectors also value wheat pennies with a high level of detail and minimal wear.

What penny is worth 2 million dollars? ›

With few exceptions, copper coins in the U.S. mean one-cent pennies — usually those featuring Abraham Lincoln. The most valuable Lincoln penny is worth $2 million on the collectibles market, and many more are worth five or six figures.

Is a 1944 penny supposed to stick to a magnet? ›

Hello,This is a 1944 penny made as one of the experimental coins in tin with a very thin zinc coating for shine. Tin is not magnetic but zinc is, so this is why it would have just a slight magnetic property when tested.

What should a 1944 penny weigh with no mint mark? ›

To determine if you have a valuable 1944 no mint mark steel penny, you can use the following tests:
  • Magnet Test: Steel pennies will stick to a magnet, unlike copper ones.
  • Weight Test: Steel pennies weigh about 2.7 grams, while copper pennies weigh around 3.11 grams.
Sep 8, 2024

Is a 1944 penny supposed to be copper? ›

1944 was a new year for the Lincoln pennies using copper. But, they were not like the ones produced between 1909 and 1942, made of copper, tin, and zinc. The 1944 wheat penny had only copper and zinc in its composition.

How much is a 1943 or 1944 steel penny worth? ›

How much are the 1943 No Mint mark steel penny worth? Steel pennies minted in Philadelphia in 1943 are common nowadays, meaning you can get one used piece for $0.13 to $0.30. Those in the mint state come in a wide price range from several cents for those in MS 60 rank to $3,600 for MS 68-graded ones.

What is the rarest penny? ›

The 1877 Indian Head Penny is considered the rarest date due to the economic hardship of the time, making it extremely rare to find one in uncirculated condition and even more remarkable to find in its original copper-red color.

Which 1982 D penny is rare? ›

Of the three the 1982 no mint mark is slightly scarcer than the other two. But the 1982 D 3.11 gm SMALL DATE is extremely rare. So far only two specimens have been found, and have sold at auction for close to $35,000.

Why is a 1944 penny worth so much? ›

They contain 95% copper and 5% copper-tin alloy. Most of the 1944 penny value comes from the depiction of President Abraham Lincoln on its obverse side. Along with the President facing right, the obverse side also carries the American motto of “IN GOD WE TRUST”, right above Mr.

How do I know if my 1944 penny is rare? ›

To determine if your 1944 wheat penny is worth anything, you will need to:
  • Identify the date and mint marks first.
  • Inspect the coin's condition.
  • Look for rare variations or errors.
  • Check for authentication.
  • Research current market values.
Sep 4, 2024

How to tell a fake 1944 steel penny? ›

@mario_ro_07 wrote: but not sticking to a magnet. Most steel coins are magnetic, so if your coin isn't attracted to a magnet that would point to it not being steel.

Are 1944 pennies magnetic? ›

The 1944 wheat penny is composed of 95% copper and 5% zinc. Neither of which would be attracted to a magnet. The lack of mint mark would indicate the penny was produced at the Philadelphia mint.

Why is a 1982 penny worth so much? ›

Lincoln cents were last issued in bronze in 1981. In 1982, the composition of the penny changed from 95% copper with 5% tin and zinc to copper-plated zinc because of the rising price of copper.

Why is the 1943 penny rare? ›

In 1943, the United States Mint switched from using copper to using steel for their pennies. The change was due to a shortage of copper during World War II. However, a small number of 1943 copper pennies were made by mistake — as a result, the 1943 copper penny is now one of the most valuable pennies in circulation.

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