What is a silver penny?

silver penny is a type of one cent coin that was embarrassed in the United States in 1943. Silver pennies were not actually made of silver, but rather from steel, which was darkly covered with zinc. For the collector's item, these coins are relatively common and are easy to find in coin stores, although it is rare to find silver penny still in circulation.

Silver Penny from 1943 was hit in steel instead of the usual copper. This was due to an increased need to devote all available copper of the army during World War II. Military forces needed copper for use in ammunition and other war applications, and silver penny was just a part of the copper protection plan for war efforts.

Despite patriotic motivation for this change, the results included some unforeseen problems. The steel has tuned even faster than copper because of the high iron content. The rust was also formed at the edges of the coin and worsened them quickly. Perhaps the most of the Xing was that the new silver hallThe era could easily be mistaken for dimes in providing or receiving changes to the purchase, because of their color and lighter weight compared to copper groves.

The public scream that arose from these problems led to the US Mint to stop the production of Silver Penny after just a year, although several silver pennies from 1944 were also carried out before the crossing was completed. The 1943 thresholds were gathered and destroyed. Silver Penny from 1943, which is in a circulated state, is worth about 0.12 to 0.15 USD in the US (USD), while one in a brand new, refined state is about $ 0.50.

Several of 1944 silver pennies that were made is sometimes considered to be an accident and in any case are much more rare that the 1943 variety, D can load a significantly higher price. Because of another, pSaccken error, some pennies made in 1943 were stamped in copper rather than steel. Like the 1944 silver penny, the copper of 1943 is relatively rare, with less than 50 produced and only about a dozen that were located. One of these coins, still in new condition, was sold in 2004 at an auction for more than $ 200,000.

With regard to such prices, many counterfeit examples were made by applying steel pennies from 1943 copper. This was sometimes also made for the production of news rather than a fraud attempt. Either way, the best method to tell copper penny made of copper steel is easy; Steel is attracted by a magnet while copper is not.