1944 Steel Penny Value - How Much Is It Worth?

Maybe your like

Coin Values & Information

Home
All Coins
Most Valuable
CoinBoard
Register
Sign In

1944 Steel Penny Last updated: May, 14 2025 ×

CoinTrackers.com estimates the value of a 1944 Steel Wheat Penny in average condition to be worth $10100.00, while examples in high mint state can fetch up to $412,080.00.

Year: 1944
Mint Mark: No mint mark
Coin: Steel Wheat Penny
Type: Wheat Penny
Price: $10100.00-$412080.00+
Face Value: 0.01 USD
Produced: 1,000
Edge: Smooth

Notes:

There were just a few of the 1944 Steel Pennies ever minted and all would have been released by error into the coin supply. Coin analyst are suggesting that steel planchets may have been tested or left mixed amongst the other copper metals and thus the error. No matter what the cause these coins are selling for just under $100,000 dollars according to our resources. Make sure the coin you have or are buying is not a zinc coated copper penny ripoff.

1944 Steel Penny Info (Click to Enlarge Image)

It's been said that there aren't enough 1944 Steel Cents produced to dictate the true market value of this coin. Because they are so rare and have thus been at market so few times, there is no true way as of yet to figure out this coin's true value. We can tell you that in Aug 2021 one sold for $408 thousands dollars in MS66 condition, while one in MS64 condition that same day sold for $108 thousand.

How do I know if my 1944 Steel Penny is real?

A quick way to check the authenticity of a 1944 Steel Penny is to see if it sticks to a magnet. Coins made of steel will stick to magnets while those that are zinc coated and copper (fakes), will not. This is one of those coins that needs to be certified immediately, and with no hesitation.

Updates 5-28-22

Since this page was originally created there have been many more versions of this coin to be sold publicly. This means a wider range of prices from lower to upper specimen level conditions. The demand for this coin is so great that the prices have stayed relatively the same. The main difference is that several lower level coins have been released, making it easier for investors to get there hands on one of these coins without spending more than $30,000 in some instances.

For full pricing details on all known sales as of 2022 please scroll down and look at price per coin grade in section below currently titled Full Price Breakdown.

Mintages

Questions & Comments

AAB1976 : Hi,I have a 1944 steel penny. This coin is in good condition. I know it is a very rare penny to get. Are you interested in trading it? February 6, 2024 2:38 pm

↳ Reply

Price Chart

Rates listed here refer to professionally graded and slabbed coins. If new to collecting the prices below might not make sense.

Breakdown of pricing per condition for 1944 Steel Penny by individual grade.

Grade VF20 = $7,200-$12,000
Grade AU53 = $18,750-$31,250
Grade AU55 = $45,000-$75,000
Grade MS61 = $38,250-$63,750
Grade MS62 = $48,750-$81,250
Grade MS63 = $60,000-$100,000
Grade MS64 = $81,000-$135,000
Grade MS66 = $300,000-$500,000

Is the list above a little overwhelming? If so, take 5 minutes to learn all about Coin Grading.

It's also important to note...Prices are subject to the same supply and demand laws as everything else. Coins sold at the same auction house 10x, would fetch drastically different bids each session. To raise your chances of receiving top dollar read How to Get the Most for your Coins.

We've personally researched these values. If you enjoy our content please return the favor and share this page with your friends.

How much is a 1944 Steel Penny worth?

In Average Circulated (AC) condition it's worth around $10100.00, one in certified mint state (MS+) condition could bring as much as $412,080 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1944, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].

What are your coins really worth?

Use the handy-dandy calculator below to find the real value of any steel wheat penny in your collection.

how much is your penny worth

1943 Steel Wheat Penny

1943 S Steel Wheat Penny

1943 D Steel Wheat Penny

Most Valuable

The most valuable Steel Wheat Penny's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.

Image	Year	Mint	Worth
	1944	$412,080
	1943	$65.65
	1943	S	$25.50
	1943	D	$12.12
Register Free to see more.
Image	Name	Mint	Worth

Want more? Click here to see the most valuable coins ever minted.

Learn More About Pennies

Top 10 Most Valuable Penny Errors Worth a Fortune
Penny Weight Explained: How Much Does a Penny Weigh?
Penny Roll Weight: How Much Does a Roll of Pennies Weigh?
How Much Is a Roll of Pennies Worth? Find Out Here
25 Most Valuable US Pennies You Could Find in Your Pocket
Discover How Much Your Penny Is Worth Today
Pennies Worth Money: Which Ones to Look For
Complete List of All Lincoln Pennies by Year
Wheat Penny Key Dates Every Collector Should Know
US Penny Specifications: What Every Enthusiast Needs to Know

***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.

[Top]

All United States Coins

Pennies

Lincoln Pennies
Wheat Pennies
Indian Head Pennies
Flying Eagle Cents

Nickels

Jefferson Nickels
Buffalo Nickels
Liberty Head V-Nickels
Shield Nickels

Dimes

Roosevelt Dimes
Mercury Dimes
Barber Head Dimes
Liberty Seated Dimes

Quarter Dollars

Washington Quarters
50 State Quarters
Standing Liberty Quarters
Barber Quarters
Liberty Seated Quarters
Capped Bust Quarters

Half Dollars

Kennedy Half Dollars
Ben Franklin Half Dollars
Walking Liberty Half Dollars
Barber Half Dollars
Liberty Seated Half Dollars
Capped Bust Half Dollars

Dollars

Morgan Silver Dollars
Peace Dollars
Seated Liberty Dollars
Eisenhower Dollars
Susan B Anthony Dollars
Presidential Dollars

Gold Coins

Coin Collecting

Most Valuable Coins
Most Valuable Coins In Circulation
25 Most Valuable Pennies
Canadian Pennies
Pocket Change Penny Guide
Most Valuable Penny Errors
Are wheat pennies worth anything?
Key Dates / Most Popular Coins
Rare US Coins
How Many Coins In A Roll
All United States Coins

User Account

Start My Collection
Sign In
Register (100% Free)

Questions

Recent

NGC
1960 d error?
Looking for Eisenhower
Penny 1944
Wheat penny
A Suggestion to fix the the pricing disparity on the website.

Ask Your Own Question

Last Updated

1974 S Eisenhower Dollar Updated on 2026-02-12
1974 S Eisenhower Dollar Updated on 2026-02-12
1974 D Eisenhower Dollar Updated on 2026-02-12
1974 Eisenhower Dollar Updated on 2026-02-12
1951 Wheat Penny Updated on 2025-10-14

Tag » What Is A 1944 Penny Worth