Coins
Slabs
Proof Sets
Mint Sets
Silver Eagles
Modern Commems
Eisenhower Dollars
Foreign
Statehood Quarters
Presidential Dollars
Currency
Large Size
Small Size
Confederate
Stamps
Pocket Watches
Jewelry- Misc
Supplies
Ordering Information
Metals prices
|
Knight Coin and Collectibles On-Line
Don't see your question/answer here? Email us!
No doubt, you've heard something in the half-knowing, half-telling media, about a "valuable 1943 'penny'".
Here are some absolute facts for you:
"Owing to a shortage of copper during the critcial war year 1943, the Treasury Deptartment resorted to the use of zinc-coated steel for our cents. No bronze cents were officially issued in 1943. A few specimens struck on bronze planchets by error are know to exist." -- A Guide Book of United States Coins (The "Redbook")
1943 Cents are made of zinc coated low-carbon steel, weigh 2.7 grams, and are magnetic. Bronze cents (NON 1943) weigh 3.1 grams, and are NOT magnetic. Almost 1.1 billon 1943 Steel Cents were struck.
Source: Walter Breen's Complete Encylopedia of U.S. and Colonial Coins
Approximately 70 1943 Cents were mistakenly struck in bronze, 40 at the Philadelphia mint with no mint mark, 6 in Denver with a D mint mark, and 24 in San Francisco with an S mint mark (quantities approximate).
A circulated Philadelphia specimen sold on August 11, 1999, at the American Numismatic Association Convention in Chicago, for $32,200.00. The record so far is $82,500.00 for a Denver specimen.
COPPER PLATED STEEL CENTS WILL STILL BE MAGNETIC!
|
Q) Of what are the new Sacagawea Dollars made? A) They are similar to the rest of the "Clad" coinage, in that they are a "sandwich" coin, two layers bonded to a pure copper core. For the new dollars, the outer layers consist of 77% Copper, 12% Zinc, 7% Manganese, and 2% Nickel. For the other clad coinage, including the SBA Dollar, the outer layers are 75% Copper, 25% Nickel.
Q) Of what are Unites States' "Nickels" made? A) Our "Nickels", since 1866, are made with 75% Copper and 25% Nickel.
Q) Of what are Unites States' Cents made? A) Since midway through 1982, our Cents are made of 99.2% Zinc, 0.8% Copper; plated with Pure Copper. Prior to that time, except 1943, they were made of 95% Copper, 5% Zinc; with some minor variations, but always 95% Copper.
Knight Coin
Arthur Knight, ANA LM867, prop.
237 Main St. (Rt. 51) Hobart, IN 46342-4439
(Phone: (219) 942-4341
Hours: 9:00 AM ¿- 5:00 PM » Central
Closed Wednesday and Sunday
knight@knightcoin.com
|
® © Designated trademarks and brands are the property of their respective owners. |
|