3 Potential Errors to Look For on a 1944 Penny
1. The “Holy Grail” Error — 1944 Steel Cent
- Value: Up to $1,000,000
- Why so valuable? Struck on leftover 1943 steel planchets during WWII.
- Quick Identification:
- Magnet test: Real steel cents stick to a magnet.
- Color: Silver-gray (not copper).
- Weight: 2.7g (copper cents are 3.11g).
- Rarity: Only 30–40 known across all mints.
- Market History: High-grade certified examples have sold for $300,000 to over $1M.
2. Lamination Error
- Value: $50 – $500
- Appearance: Flaky or peeling surface, often with metal missing.
- Cause: Impurities in the copper alloy during production.
- Tip: Mint-state examples can bring 20–50% more than circulated ones.
3. Die Break / Cud
- Value: $100 – $5,000
- Look For: Raised metal “blobs” on Lincoln’s cheek or jaw.
- Collector Demand: Dramatic breaks can sell for 10× the standard guide price.
2024 Value Breakdown
| Error Type | Circulated Value | Mint State Value |
|---|---|---|
| 1944 Steel Cent | $75,000+ | $300K – $1M+ |
| Lamination Error | $50 – $200 | $300 – $500 |
| Die Break / Cud | $100 – $400 | $500 – $5,000 |
Authentication Guide
For Steel Cents:
- Magnet Test: Must stick.
- Precise Weight: 2.7g is correct.
- Certification: Submit to PCGS or NGC. Even with a $150 grading fee, it’s worth it.
For Lamination & Die Breaks:
- Use a microscope to check for natural metal flow (no tool marks).
- Compare with known documented varieties like the “Cheek Cud” error.
Red Flags to Watch Out For
- Painted or plated coins to mimic a steel look.
- Incorrect mint mark style for 1944.
