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When copper reached a record high in February 2011, [43] the melt value of a 95% copper cent was more than three times its face value. As of January 21, 2014, a pre-1982 cent contained 2.203 cents' worth of copper and zinc, making it an attractive target for melting by people wanting to sell the metals for profit.
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 ...
1909. The 1909-S VDB Lincoln Cent is a low-mintage coin of the United States dollar. It is a key date variety of the one-cent coin produced by the United States Mint in San Francisco in 1909. [a] The Lincoln penny replaced the Indian Head penny and was the first everyday U.S. coin to feature an actual person, but it was immediately met with ...
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...
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.
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