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Monday, December 15, 2014, 10:22 AM. Pennies are worth so much more than just a cent. It costs the U.S. Mint 1.7 cents to produce a penny, which is nearly half the price from three years ago, according to the U.S. Mint's 2014 Biennial Report to the Congress. It would cost 2.4 cents to make a single penny in 2011.
The highest amount paid for a 1943 copper cent was $82,500 in 1996. Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies.The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet.If it sticks to the magnet, it is not copper. If it does not stick, the coin might be of copper and should be authenticated by an expert.early all circulating pennies at that time were struck in zinc-coated steel because copper and nickel were needed for the Allied war effort. 40 1943 copper-alloy cents are known to remain in existence.