The U.S. stopped using steel for pennies during World War II due to a copper shortage. Steel was used as a temporary alternative to copper but was phased out once the shortage ended.
The 1970 steel penny is not a genuine US coin as the US Mint did not produce any circulating steel pennies in 1970. Steel pennies were only minted in 1943 due to the shortage of copper during World War II. If you have a 1970 steel penny, it may be altered or counterfeit.
US "pennies" (cents) are made of 97.5% zinc plated with 2.5% copper Canadian and European cents as well as British pennies are made of copper-plated steel.
Yes, both the steel and wheat penny can be slightly magnetic due to the iron content in the steel penny and the copper content in the wheat penny. However, the magnetism may be very weak and not easily noticeable.
3.11 grams for pennies made from 1959 to 1982
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.
The price of the copper used to make a penny cost more than a penny.
Yes
The US never made silver pennies. In 1943 the US made steel pennies. These are often mistaken for silver pennies.
The 1970 steel penny is not a genuine US coin as the US Mint did not produce any circulating steel pennies in 1970. Steel pennies were only minted in 1943 due to the shortage of copper during World War II. If you have a 1970 steel penny, it may be altered or counterfeit.
1943 to save copper for the war effort.
No, but in 1943 US pennies were made from steel coated zinc. These have become a collector favorite.
Probably because of their impending involvement in WWII. They will have needed it '...for the war effort...'
Nobody. The US never made silver pennies. In 1943 the US made steel pennies. These are often mistaken for silver. In 1943 Abraham Lincoln was on the US penny.
Well . . . there have never been any silver pennies minted in the US, so you must be talking about the steel pennies. As far as I know, 1943 was the only year that steel pennies, or 'steelies', were minted.
The US never made steel pennies in 1946. They were made in 1943 to save copper for the war effort.
Due to the rising price of copper, pennies were worth more than face value.
Wheat cents were made from 1909 to 1958.