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The unique composition of the coin (low-grade steel coated with zinc, instead of the previously 95%-copper-based bronze composition) has led to various nicknames, such as wartime cent, steel war penny, zinc cent and steelie. The 1943 steel cent features the same Victor David Brenner design for the Lincoln cent which had been in use since 1909.
Zinc: J2053 United States Mint Zinc-coated steel: J2054/P2074 United States Mint This composition was chosen for the 1943 cent: Manganese: J2055/P2075 United States Mint White metal: J2056 United States Mint Aluminum: J2057/P2076 United States Mint Lead: J2058 United States Mint Bakelite: J2067/P4001 Bakelite Corporation Transparent amber ...
The 1944-D Lincoln penny is also referred to as steel pennies or silver pennies. In 1944, pennies were supposed to transition from steal back to copper. These pennies were mistakenly minted using ...
In 1982, the US Mint began minting pennies coated in copper but containing primarily zinc. Zinc pennies pose a risk of zinc toxicosis, which can be fatal. One reported case of chronic ingestion of 425 pennies (over 1 kg of zinc) resulted in death due to gastrointestinal bacterial and fungal sepsis.
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 U.S. Mint initially made pennies out of pure copper, but starting in 1943 they were manufactured out of zinc-covered steel because copper was needed during World War II. Starting in 1982, the ...
This leads to the possibility of smelters taking coins and melting them down for the scrap value of the metal. Pre-1992 British pennies were made of 97% copper; but as of 2008, based on the price of copper, the value of a penny from this period is 1.5 new-pence. Modern British pennies are now made of copper-plated steel.
The U.S. spent $179 million in 2023 minting pennies and nickels, and $100 bills are increasingly meh. Why do we still need cash?