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Aluminum was chosen, and over 1.5 million samples of the 1974 aluminum cent were struck before ultimately being rejected. The cent's composition was changed in 1982 because the value of the copper in the coin started to rise above one cent. [7] Some 1982 cents used the 97.5% zinc composition, while others used the 95% copper composition.
Originally struck in 95% copper, the cent coin was changed for one year to zinc-coated steel in 1943 as copper was needed to aid in the war effort. The mint then reverted to 95% copper until 1982, when inflation made copper too expensive and the composition was changed to zinc with an outer copper layer.
Currently, auctions are asking between $2 and $3 per pound for quantities of 10 to 25 pounds of coins. One auction featured 100,000 pennies -- weighing about 680 pounds -- that sold for $1,500 ...
Usually when errors happen during the production process, they lead to a decrease in value of the manufactured item. But when they happen at the U.S. Mint, they could lead to an item ballooning in...
In India, for example, fiat Rupees disappeared from the market after 2007 when their content of stainless steel became larger than the fiat or face value of the coins. [4] In the US, the metal in pennies (97.5% zinc since 1982, 95% copper in 1982 and before) and nickels (75% copper, 25% nickel) has a value close to, and sometimes exceeding, the ...
1924 S Wheat Penny. The 1924-S wheat penny was minted in San Francisco. According to Coin Trackers, the Red (RD) flavors of the coin are worth the most. A coin in average condition is only around ...
Lincoln cent mintage figures. Main article: United States cent mintage figures. Below are the mintage figures for the Lincoln cent. The following mint marks indicate which mint the coin was made at (parentheses indicate a lack of a mint mark): P = Philadelphia Mint. D = Denver Mint. S = San Francisco Mint.
According to CoinTrackers, rare copper-minted pennies that are still in circulation have been valued at up to $85,000. Do you own a rare penny from this year? It could be worth $85,000
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