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Why were silver pennies issued in 1942?
they werent silver. they are refered to as steel pennies, and they were issued for several years during the war because the government need the copper for ammunition and other war related things, so they quit making pennies from copper
What are American wartime pennies worth?
They can be worth anywhere between 3 and 5 cents, while the 1943 steel pennies can be worth towards 20 cents, all depending on the condition.
What is value of steel pennies?
Steel pennies are worth 12 to 15 cents each and up to 65 cents if they weren't circulated. Steel pennies were made during WWII when cooper was needed to support the troops.
How much are 1940s coins worth?
US Coins issued before 1945 were comprised of 90% silver (penny excluded), and have a much higher values than those issued 1945 or after (in general). in 1942-1945, many pennies issued were made of steel (as copper was needed for the war). These war pennies also have a high value due to their rarity.
How Much are SteeL American Pennies Worth'?
The 1943 silver colored penny is a wartime issue made of steel, and coated with zinc. During World War II, copper was so badly needed for the war effort (to make shell casings) that the U.S. penny was made out of steel that year, which is why most 1943 pennies are silver colored. They are worth about 12 to 15 cents each in ciruclated condition, and as much as 50 cents or more if Uncirculated.
Was there a steel pennies made in 1961 that was not for circulation?
Steel pennies were only minted in 1943, however some examples of steel pennies being struck in error in 1944.
Do pennies rust faster in saltwater or in fresh water?
Pennies are made of copper and don't rust unless they are the zinc pennies issued in 1942 and 1943. However, zinc will not rust either. The so-called steel pennies minted during World War II were made of steel and coated with zinc. If the penny becomes damaged or if the zinc coating is compromised, the underlying steel will rust if exposed to the proper elements. Pennies do corrode though.
What is the Value of circulated lead pennies?
Cents have never been made out of lead. 1943 wartime cents were made of steel coated with zinc. In circulated condition most sell for 25 to 50 cents.
Why are some pennies magnetic and others not?
Among American pennies (cents, actually) only the famous wartime steel cents made in 1943 are magnetic. All other US cents are made of metals such as bronze or zinc that aren't attracted to a magnet. In 200 Canada changed the composition of its cents to copper-plated steel, so those coins are attracted to a magnet but earlier issues aren't British pennies have been issued in both bronze and copper-plated steel so depending on the year of issue they may or may not be attracted. In some years both compositions were used, which makes things a bit more confusing. Euro cents are all made of copper-plated steel so they too are attracted.
What is the nickname for 1943 pennies?
Steelies. Short for "steel cents." Copper was needed for the war, so pennies were cast out of steel.
When did they stop making solid copper pennies?
Solid copper pennies were last minted in 1857 and were much larger than today's penny. Pennies were made mostly of copper until mid-1982, when the composition was changed to 97.5% zinc with a plating of 2.5% copper. The only exception was in 1943 when wartime copper shortages forced the Mint to make pennies out of scrap steel. Bronze cents were resumed the next year, 1944.
What is the value of a Lincoln wartime steel penny 1943?
A 1943 steel penny is worth just that 1cent.
