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There are no steel cents with that date. All 1942 cents were made of bronze (copper with a bit of tin and zinc). 1942 cents are common and are worth about 3¢ in circulated condition.

In 1943 the Mint made cents out of steel to free up copper for use in ammunition. Depending on condition and mint mark a 1943 steel cent is worth roughly a quarter to a half dollar.

The bronze composition was resumed in 1944.

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Q: What is the value of a 1942 US Steel penny?
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