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When copper reached a record high in February 2011, [46] the melt value of a 95% copper cent was more than three times its face value. As of January 21, 2014, a pre-1982 cent contained 2.203 cents' worth of copper and zinc, making it an attractive target for melting by people wanting to sell the metals for profit.
100% copper [15] The pennies of King William IV are very similar to his predecessors', also being engraved by William Wyon. The king's head faces right, inscribed GULIELMUS IIII DEI GRATIA date, while the reverse is identical to the George IV penny. 1841–1860 18.8g 100% copper [16]
The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
Finally, amid the Napoleonic Wars, the government authorized Matthew Boulton to mint copper pennies and twopences at Soho Mint in Birmingham in 1797. [21] Typically, 1 lb. of copper produced 24 pennies. In 1860, the copper penny was replaced with a bronze one (95% copper, 4% tin, 1% zinc). Each pound of bronze was coined into 48 pennies. [22]
The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 1 1 ⁄ 8 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the modern-size one-cent coin (commonly called the penny ).
He aggressively lobbied for a contract to strike official copper coins. [11] [12] In 1797, the government gave Boulton a contract to strike 480 tonnes of copper pennies and 20 tonnes of copper twopences. The first official British coins of those denominations to be made of copper, they were also the first official British coins to be struck by ...
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The half-cent piece was made of 100% copper and half of a cent, or one two-hundredth of a dollar (five milles). It was slightly smaller than a modern U.S. quarter with diameters 22 mm (1793), 23.5 mm (1794–1836), and 23 mm (1840–1857). [2] They were all produced at the Philadelphia Mint.