Some Known Details About What's So Special About 1943 Copper Penny? - US Mint

Many modern-day vending devices do decline cents, even more diminishing their energy, and the production expense (figured in U.S. Dollars) now goes beyond the stated value of the coin, triggered by increasing inflation. In 2001 and 2006, for instance, United States Representative Jim Kolbe (R) of Arizona introduced bills which would have stopped production of pennies (in 2001, the Legal Tender Modernization Act, and in 2006, the Currency Overhaul for an Industrious Country [COIN] Act).

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2018 U.S"Copper" Penny: 579,100 ppm Zinc & 419,200 ppm CopperNo Lead,  No Cadmium, No Mercury, No Arsenic.

cents and U.S. nickels for earnings, the U.S. Mint, which belongs of the United States Department of the Treasury, implemented new regulations on December 14, 2006, which criminalize the melting of pennies and nickels and location limits on export of the coins. Violators can be punished with a fine of approximately $10,000 USD and/or locked up for an optimum of five years.

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The Secretary of the Treasury has authority to alter the portion of copper and zinc in the one-cent coin if needed due to cost changes. For several years, the Mint's production and shipping expenses for cents have actually gone beyond the stated value of the coin (the Mint's repaired expenses and overhead, however, are absorbed by other flowing coins).

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Treasury loses tens of countless dollars every year producing cents. For instance, the loss in 2013 was $55 million.  Did you see this?  to manufacture and distribute a cent, in cents Fiscal year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Cost (cents)1. 79 2. 41 2. 00 1. 70 1. 67 1. 50 1. 82 2.

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06 1. 99 When copper reached a record high in February 2011, the melt worth of a 95 %copper cent was more than three times its stated value. Since January 21, 2014, a pre-1982 cent contained 2. 203 cents' worth of copper and zinc, making it an appealing target for melting by individuals wanting to sell the metals for revenue.