How much are the 1940 steel pennies worth?

There are no steel 1940 pennies. You can verify easily with a magnet. Steel cents were only made in 1943 - due to the need for copper in World War 2. Mintages were high so they are common, and worth less than $1 in average circulated condition. read more

Steel cents were only minted in 1943 due to the lack of copper from use in the war. The value is about 6 cents for typical wheat pennies in typical condition. Better conditions of course will get a better premium. read more

Silver Content: 0% Numismatic Value: 35 cents to $4.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around 35 cents, while one in certified mint state (MS+) condition could bring as much as $4 at auction. read more