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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.
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What is the value of a 1970 steel penny?
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.
What is the penny made of TODAY?
As of 1982, pennies are made of zinc with a thin layer of copper coating. The zinc core makes pennies cheaper to produce than when they were made of solid copper.
Does the steel and wheat penny magnitize?
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.
How much does 1 in US pennies weigh?
3.11 grams for pennies made from 1959 to 1982
Why are some pennies magnetic and others not?
Pennies made before 1981 are primarily made of copper and are not magnetic. However, pennies made after 1981 are made of zinc with a thin copper coating, which makes them slightly magnetic due to the presence of the zinc core.
Why did the US stop using copper pennies and start using zinc pennies?
The price of the copper used to make a penny cost more than a penny.
Did the US ever made steel pennies?
Yes
When was the silver penny made?
The US never made silver pennies. In 1943 the US made steel pennies. These are often mistaken for silver pennies.
What is the value of a 1970 steel penny?
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.
When were us steel pennies minted?
1943 to save copper for the war effort.
Why did the US stop using copper to mint pennies from 1941 1945?
Probably because of their impending involvement in WWII. They will have needed it '...for the war effort...'
Were there any pennies in the 1940s made of gold?
No, but in 1943 US pennies were made from steel coated zinc. These have become a collector favorite.
Who is on the silver penny?
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.
How much is a 1947 silver wheat back penny sell for?
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.
How many steel 1944 pennies were minted?
The US never made steel pennies in 1946. They were made in 1943 to save copper for the war effort.
Why did the us stop making pennies out of copper?
Due to the rising price of copper, pennies were worth more than face value.
When did the US stop minting wheat pennies?
Wheat cents were made from 1909 to 1958.
