Search results
Results from the WOW.Com Content Network
The Mint increased production to around-the-clock shifts at Philadelphia and Denver. [23] A new Philadelphia Mint was authorized in 1963, though the hoped-for opening date of 1966 was soon pushed back to 1967 [24] (it eventually opened in 1969). [25] The coin shortage did not ease during 1963.
Only one 1943-D cent in bronze is known; it sold in September 2010 for $1.7 million. [52] One of the four known 1943-S cents in bronze was sold to Texas Rangers baseball team co-chairman Bob R. Simpson for $1 million. [53] One 1943 cent struck in 86.41% tin and 8.37% antimony with other trace metals was authenticated in 2019. [54]
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 Mint began making these half-dollars in 1964 to honor assassinated President John F. Kennedy. Check Out: 8 Rare Coins Worth Millions That Are Highly Coveted by Coin Collectors 1925-S Lincoln Penny
Navigant estimates this fixed component at $13 million in FY 2011. Plus, there is $17.7 million in Mint overhead allocated to the penny that would have to be absorbed by the remaining denominations of circulating coins without the penny. Second, under current Mint accounting, the nickel costs eleven cents to manufacture.
It did not provide for the "free and unlimited coinage of silver" demanded by Western miners, but it did require the United States Treasury to purchase between $2 million and $4 million of silver bullion per month [21] [22] from mining companies in the West, to be minted into coins. [nb 3]
Its unclear how much it will sell for, but a similar coin struck at the Denver Mint fetched a record $1.7 million when it was auctioned off in 2010. Related Articles AOL
The Silver Eagle coins were sold out in the first week of July 2015. The Mint said its facility in West Point, New York, continued to produce coins and it resumed sales at the end of July 2015. This was the second time the mint's silver coins had sold out in the past nine months. The Mint ran out of 2014-dated American Eagles in November 2014.