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Aluminum was chosen, and over 1.5 million samples of the 1974 aluminum cent were struck before ultimately being rejected. The cent's composition was changed in 1982 because the value of the copper in the coin started to rise above one cent. [7] Some 1982 cents used the 97.5% zinc composition, while others used the 95% copper composition.
The Composition of the Cent Archived 2008-12-21 at the Wayback Machine from the U.S. Mint website; Top 10 Things You Didn't Know About the Penny – slideshow by Time Magazine; December 14, 2006, press release by United States Mint concerning new rules outlawing the melting of pennies and nickels Archived May 27, 2016, at the Wayback Machine
The wheat cent was mainstream and common during its time. Some dates are rare, but many can still be found in circulation. This is partially due to the fact that unlike the formerly silver denominations (dollar, half dollar, quarter, and dime), the composition of the pre-1982 cent, nearly pure copper, is not so much more valuable over face ...
As gold became more abundant, the price of copper rose. Cent and half-cent manufacture was one of the only profit centers for the Mint and by 1850 it began looking for alternatives. In 1857, the Mint reduced the size of the cent and changed the composition to 12% nickel and 88% copper (copper-nickel), issuing a new design, the Flying Eagle cent ...
A coin can be worth a ton of money -- a pretty penny, one might say -- if it's rare and has enough historical significance. Find Out: These 11 Rare Coins Sold for Over $1 Million Explore More ...
The family also believe that the pennies could be of interest to collectors, meaning that they possibly could be worth millions. A penny from 1943 was sold for $1.7m in 2010. Other seldom-seen ...
This leads to the possibility of smelters taking coins and melting them down for the scrap value of the metal. Pre-1992 British pennies were made of 97% copper; but as of 2008, based on the price of copper, the value of a penny from this period is 1.5 new-pence. Modern British pennies are now made of copper-plated steel.
2,584 silver pennies dating from the Norman Conquest is Britain’s most valuable treasure find ever at over $5 million. U.K. treasure hunters make millions off silver coins dated to 11th century ...