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No British coin is magnetic.

Actually, older (1971-1991) 2p coins are not attracted to a magnet and newer ones are. The reason is that the rising price of copper forced the Royal Mint to change the composition from bronze to copper-plated steel.

Many other countries that had low denomination copper or bronze coins also changed their compositions during that same time period or, dispensed with the coin coin altogether.

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11y ago
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11y ago

No British coin is magnetic.

The British 1 Penny and 2 Pence coins made after 1992 are made from copper-plated steel. This steel, being mostly iron, has magnetic properties.

Older British 1 Penny and 2 Pence coins were made from a bronze alloy of 97% copper, 2.5% zinc and 0.5% tin. None of these metals have any magnetic properties. Some 1998 two pence coins were also made from bronze and have no magnetic properties.

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11y ago

The metal alloy that the older 'copper' 1p and 2p coins were made from had a high percentage copper content but with the cost of the copper metal rising it became necessary to reduce the cost of producing the coins, so a cheaper alloy was used.

This new alloy includes magnetic metals.

Copper is going up in price so quickly at the moment that it would probably cost more than 1p to make a 1p coin !

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Q: Why do new 1p coins stick to a magnet but old ones don't?
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