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Copper prices began to rise in 1973, to such an extent that the intrinsic value of the coin approached a cent, and citizens began to hoard cents, hoping to realize a profit. The Mint decided to switch to an aluminum cent. Over a million and a half such pieces were struck in the second half of 1973, though they were dated 1974.
More than 600 of these coins were given to politicians and others during the original minting, but additional coins were re-struck from the original dies in 1858 and 1859. These coins can range in ...
In late 1973, the price of copper on world markets rose to a point where the metallic value of the cent was almost equal to its face value. [3] [4] [5] The US Mint, which produces billions of cents annually, was faced with a potentially catastrophic operating deficit due to issues of seigniorage.
Lincoln Bicentennial cent "Professional Life", 2009 (Copper-plated Zinc except as noted) [16] Year Mint Mintage Comments 2009 (P) 316,000,000 [11] Professional Life (P) 784,614 [12] Satin uncirculated, struck in Brass: D 336,000,000 [11] Professional Life D 784,614 [12] Satin uncirculated, struck in Brass: S 2,995,615 [9] Proof only, struck in ...
It may be time to dig out that old piggy bank and see if you’ve got a fortune stashed away.
In addition to the 1943-D Lincoln Bronze Wheat Penny, here are nine other 1-cent pieces worth a pretty penny: 1944-S Steel Wheat Penny: $1.1 million 1793 Strawberry Leaf Cent: $862,500
The penny, formally 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).
Currently, pennies are 97.5% zinc and 2.5% copper, and at current prices of those metals, each new penny has a theoretical "melt value" -- what you'd get if you melted down pennies and sold the ...
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