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The penny, also known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).
The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the modern-size one-cent coin (commonly called the penny). Large cents were made of nearly pure copper, or copper as pure as it emerged from smelting, without any deliberate addition of other metals (such as ...
After 1970, Kennedy half dollars were made of the same copper-nickel alloy as the other denominations. The last 90% silver circulated coins are dated 1964, [7] though they were actually minted for several years later dated as 1964. In 1982, the penny had most of its copper content removed, and is now made primarily of zinc, with a thin copper ...
Currently, pennies are 97.5% zinc and 2.5% copper, and at ... As a result, with only a few wartime exceptions, any penny from 1981 or earlier -- and some made in 1982 -- have a high copper content.
"Pennies Minted by the U.S. Mint from 1970 to 2002". Archived from the original on August 18, ... This page was last edited on 1 February 2025, at 01:45 (UTC).
Made of 95% copper and 5% tin and zinc alloy, it sold for $1.7 million in 2010 but is valued at $2.3 million in mint uncirculated condition. More recently, it went for $840,000 at an auction.
Full-scale production commenced in mid-1857, replacing the large cent last struck earlier that year. [13] In 1868, eleven years after the last large cent was produced, a mint employee struck around a dozen and a half large cents dated 1868. These coins were struck in both copper and nickel planchets.
This penny is another happy accident, since the pennies minted that year were supposed to be steel or war pennies, and copper plates from 1942 might have inadvertently mixed with other steel ...
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