These are current circulation coins and have been minted in enormous numbers - several billion each year.
If you found them in change they're only worth face value.
If you have a complete set of uncirculated ones, they could be worth 5 cents or so apiece.
That wasn't something done at the mint, rather the cent was likely plated with zinc or nickel. So it has little to no collector value. The US government has never struck a penny in silver.
It's face value, the coin is still in circulation. The coin is made from zinc not steel, 1943 was the only year the Lincoln cents were made of steel.
There has been talk of eliminating the US penny for many years. Before they switched from the bronze alloy penny to the copper clad zinc penny it cost about 3 cents to mint every penny. Even the copper clad zinc penny costs more than a penny to mint. Of all standard issue US coinage only the nickel (5¢) and the penny cost more than their face value to mint.
All pennies since 1983 are made almost entirely of zinc, covered with a thin coating of copper. Therefore, what you have is either a zinc penny that did not get its copper coating (worth abuot a dollar), or a normal penny that has been silver plated (no added value). You should be able to determine this by weight. A normal penny will weigh 2.5 grams. So if yours weighs less, then it's missing its copper coating. If it weighs more, then it's been silver plated.
2/11/2012 0.0065 pounds of copper 0.0003 pounds of zinc A roll of 50 pennies is valued at $1.27 when copper is at $3.8465 / lb and zinc at $0.9364 / lb (exact value is $1.2687707291403). $0.03 Hope that helps!
It's just a penny, spend it.
It's just a penny, spend it.
They were not made out of lead. They were made out steel coated zinc.
There is 97.5 percent zinc in a penny and 2.5 percent copper
The only "silver" penny was minted in 1943 to support the war effort. Yours is probably zinc plated.
zinc is 97.5% of the penny and copper is 2.5% of the penny
All US cents minted in 1909 were made of bronze (95% copper). The first zinc-core cents were made in 1982.
A penny contains 97.5% zinc. A nickel contains no zinc at all.
Zinc pennies are only worth 1 cent. Their metallic value is about half of a cent, so it is worth more to spend it with the face value than trying to sell it for the metal value.
Penny
Zinc
You can tell if a penny is made out of zinc or copper by the date on the penny. If the date is before 1982 then the penny is 95% copper. Pennies dated 1983 or later are 97.5% zinc with a thin copper coating.