![]() 01/20/2020 at 14:09 • Filed to: Coinlopnik | ![]() | ![]() |
Due to copper rationing during WWII the U.S. Mint made pennies out of steel for 1943. They’re n ot especially valuable (an uncirculated one is worth 50¢) but it’s an interesting footnote in numismatic history.
Here’s a picture of it sticking to a RockAuto magnet to keep it car-related
![]() 01/20/2020 at 14:17 |
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You lucky dog!
![]() 01/20/2020 at 14:18 |
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I'm gonna put it with my 1890 dime.
![]() 01/20/2020 at 14:24 |
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Thanks for teaching me a new word.
![]() 01/20/2020 at 14:30 |
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on the other hand, there was a small number of copper 1943 pennies minted, so if you happen on one you’ve really got something.
![]() 01/20/2020 at 14:31 |
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Steelies > alloys
![]() 01/20/2020 at 14:55 |
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Hmm, never seen one of those before.
Anyway, it’s time to remove the penny, nickle, and the dime from circulation.
![]() 01/20/2020 at 15:10 |
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Nice find. I always find it cool to see older coins. Cant believe you found one from 1943.
![]() 01/20/2020 at 15:23 |
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High 5 figures from what I can find. Not bad.
![]() 01/20/2020 at 15:24 |
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Nice find. I might get a wheatie in change every few years, now less frequent as I use plastic 90% of the time.
I have a container where I keep pre-1982 pennies (copper) too, just for the hell of it.
![]() 01/20/2020 at 16:06 |
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Damn, that’s sweet. I’ve gone through a few thousand dollars of rolled coins looking for silver and wheat cents but I've never found a steel cent
![]() 01/20/2020 at 16:25 |
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I work with money so I routinely see stuff even older than that. This is the crown jewel of my collection:
![]() 01/20/2020 at 16:29 |
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A few THOUSAND dollars worth of pennies?!
![]() 01/20/2020 at 16:30 |
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I’m game, as long and they don’t round everything that’s 1.01 up to 1.25...
![]() 01/20/2020 at 16:36 |
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Most plans call for fair rounding, which means the most you could ever lose is $0.12 per cash transaction (electronic transactions would still be to the nearest cent). In theory this would average out. Opponents are scared that stores would figure out how to game it, but that would be hard beyond single item transactions. And of course if anyone wanted to, they could game the payment system by paying electronically when the cash price rounds up, and with cash when it rounds down. But of course neither of those things are a huge concern because those few cents really aren’t worth the effort. When the US killed the half penny, it was worth ~$0.13 in today’s money.
![]() 01/20/2020 at 16:44 |
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C ool!
![]() 01/20/2020 at 16:47 |
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I’m totally game for fair rounding at checkout (not per item), with transparency (your receipt would actually show you whether your total was rounded up or rounded down). Would this only apply to in-person transactions in establishments that accept cash (and at banks, when cashing checks or
withdrawing funds)
, and not for online transactions?
![]() 01/20/2020 at 16:51 |
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Is this you? =)
https://www.businessinsider.com/pennsylvania-man-steals-300000-pennies-police-2016-9
![]() 01/20/2020 at 16:55 |
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Most plans would only do it for cash transactions (which is what makes sense to me).
![]() 01/20/2020 at 16:56 |
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That is cool. The oldest coin I’ve ever found was a penny from 1975, which I discovered in the glove box of my ‘66 Thunderbird.
![]() 01/20/2020 at 16:59 |
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I vote “yeah”.
![]() 01/20/2020 at 17:01 |
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So h ow did you come to find it? Was it still making t he rounds as a normal penny?
![]() 01/20/2020 at 18:18 |
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I’ve got a couple of steel pennies lying around, but wheat pennies are becoming increasingly hard to find. I guess the mint has pulled them from circulation.
![]() 01/20/2020 at 18:22 |
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![]() 01/20/2020 at 18:24 |
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I once got an original $2 bill as change in the lunchroom. Would have been about 1977. I think my step mom tossed when she cleaned out my room after I moved out.
![]() 01/20/2020 at 18:47 |
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I see like a dozen a day but then again part of my job is handling money
![]() 01/20/2020 at 19:35 |
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I have about 14 steel pennies 1943 if you want them all I’ll give you them for $20.00 the whole lot?
![]() 01/20/2020 at 20:03 |
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How how can you tell if it's a steel penny I've had a 1943 penny for about 20 years or more never had it checked just kept it could someone help me I have a picture of it I can send or post I also have a penny that is a 1943 silver
![]() 01/20/2020 at 20:28 |
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1) It’s steel colored instead of copper
2) it sticks to a magnet
That's how you know.
![]() 01/20/2020 at 21:15 |
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Copper wheels would be hilariously bad in every way - soft, heavy, corrode, work harden and crack... too bad copper is so expensive, I could otherwise see some random guy on youtube trying it.
![]() 01/20/2020 at 22:09 |
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Thank you
![]() 01/20/2020 at 22:20 |
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I should go find mine. I’ve got about 20 of them. Very neat to have around.
BTW. I couldn’t help myself. I’m sorry. I hope you understand. Who doesn’t like a chicken on a raft?
![]() 01/20/2020 at 22:57 |
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It’s steel colored. The steel ones aren’t copper colored.
![]() 01/20/2020 at 23:47 |
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Maybe $400 in pennies. I went through a bunch of half dollars and nickels looking for silver.
I wish I was able to go through several thousand in pennies, but it's hard enough to get rid of more than $50 boxes a week.
![]() 01/21/2020 at 02:45 |
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question about the shiny coin, what does it say?
![]() 01/21/2020 at 07:37 |
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Where are you from . I'm sad I got a whole bank bag of my old coins stolen two days ago and one was my steel penny along with half dollars and such in a green bank bag
![]() 01/21/2020 at 08:14 |
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The 43 steel penny is pretty neat when you find one. Also of interest are the 1944 and 1945 pennies, which were made from re-stamped shell casings. Apparently even the steel was being conserved at that point.
![]() 01/21/2020 at 09:30 |
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Was it worth the effort?
![]() 01/21/2020 at 10:35 |
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Sometimes a box of halves would have like 8 silver coins, sometimes it would have nothing. I always found pennies and war nickels.
It's only worth doing if you enjoy searching through coins
![]() 01/21/2020 at 10:37 |
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I do messing with coins, from time to time, and have a small collection,
but not sure if I’d have the patience.
![]() 01/21/2020 at 14:01 |
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I have I have a penny that's kind of weird a couple of them I'll send you a picture of them can you tell me if the worth anything can you tell me where to send the pictures to
![]() 01/21/2020 at 14:05 |
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I’m by no means qualified to evaluate your collection but if you do a web search for “ [year] penny value” you can find some resources that will help you figure out if you’ve got anything special.