1943 Steel Wheat Penny Value. The 1943 d steel wheat penny value is estimated at an average of 45 cents, one in certified mint state (ms+) could be worth $12. As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black.

As the 1943 steel pennies circulated, the zinc coating started to turn dark gray and almost black. In very fine condition the value is around $0.65. There are few vintage coins as widely collected as the 1943 steel penny.