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What country are you talking about?

New U.S. cents are not magnetic; they're made of copper-plated zinc. The only magnetic U.S. cents were the steel ones minted during 1943 so copper could be used in ammunition.

New Canadian cents and British pennies are magnetic because they're made of copper-plated steel. The price of copper went up so much that it cost more than a penny to mint the coins, so the governments were losing money on each one. They switched to steel as a cheaper alternative.

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Q: Why are new pennies magnetic but old one not?
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Related questions

Which pennies are magnetic?

It depends on which country we are talking about. For the US, there is only one magnetic coin the 1943 steel penny. For Canada, there have been some magnetic pennies made since 2000, though there were zinc pennies made until 2008. For the UK, pennies have been magnetic (copper plated steel) since 1992.


Does a magnet attract to a penny?

Not an American one. British pennies do.


What was the new rate for a one-ounce letter?

2 pennies


In money How much is a crown?

IN British empire pre-decimal currency, one crown was five shillings/one quarter of a pound/ 60 old pennies/25 new pence


What was 2.5 British pennies equivalent to now?

2.5 old British pennies is equal to slightly more than one British penny today


What cleans pennies best ketchup or hot sauce?

neither just melt the pennies then make a new one :)


Is a three year old likely to see five pennies or a nickel as more money?

five pennies, because they usually think that since five is more than one, the pennies are worth more


How many pence is one shilling?

There were 12 pennies in a shilling. When decimal currency was introduced in 1971, one shilling became 5 new pence.


What is one fourth of 12 pennies?

One fourth of 12 pennies is 3 pennies.


How much do 200 pennies weight?

Somewhere between 500 grams (for modern zinc pennies) and 620 grams (for old copper pennies).


How many pennies equal a million dollars?

100 pennies = $1.00 100 pennies X 1,000,000 = 100,000,000 pennies.


How many pennies are in a ton?

There are 307,087.5 pennies in one ton of pennies