Affluent Savvy
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Are any pennies 100% copper?

Pennies are made of zinc coated with copper. Only nickels are one solid material—that same 75% copper/25% nickel alloy.

How do professionals clean coins?
How do professionals clean coins?

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What stock did Warren Buffett just buy?
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Purchased: Markel and Alleghany This year, Buffett purchased 420,000 shares of Markel, an underwriter of specialty insurance policies. The purchase...

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Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

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Fun Facts related to the Penny

Once it was hard to tell a penny from a dime... Although they are different colors, pennies and dimes are very close in size. In 1943, copper was needed for war materials, so pennies were made out of zinc-coated steel. Because the color was silvery, it was easy to mistake a penny for a dime. Fortunately, pennies were only made that way for one year.

You might have little round sandwiches in your pocket... Most of our coins are metal sandwiches. The outside layers are three-quarters copper and one-quarter nickel, and the "filling" is solid copper. Pennies are made of zinc coated with copper. Only nickels are one solid material—that same 75% copper/25% nickel alloy. Would you like fries with that?

This penny is almost as big as a half dollar... America's first one-cent piece, called the "large cent," was first struck in 1793, one year after the Mint opened. It was so big that it was hard to use, but it wasn't replaced by a smaller penny until 1857, more than 50 years later. George Washington was our first President – but not the first President on a circulating coin.... In 1909, President Lincoln appeared on a one-cent coin and became the first real person—as well as the first American president—to have his face appear on a regular-issue American coin. We used to trade gold, silver, and copper.... A 1792 law directed American money to be made of gold, silver and copper. Gold was used in the $10, $5, and $2.50 pieces. The dollar, half dollar, quarter, dime, and half dime were composed of silver. The cent and half cent were made of copper. How much was in that first batch?... The Mint produced its first circulating coins—all $111.78 worth of them—in March 1793. That first batch consisted of 11,178 copper cents. Soon after, the Mint began issuing gold and silver coins as well. Which Revolutionary War hero also helped make coins?... Besides being quite the skilled horseman and informant, Paul Revere was a silversmith and a contributor to our nation's coinage. Revere's metals company once supplied the Mint with rolled copper for the production of early cents. Heads, it’s Lincoln; tails, it’s Lincoln.... The Lincoln cent (1959 to 2007) featured this beloved president on both sides of the coin. On the obverse, we see his face in profile; on the reverse, he is seated in the Lincoln Memorial. However, the coin does carry the initials of two different engravers. There were copper pennies and white cents?... Yes, there were "white cents" that didn't look at all like pennies. These were the Flying Eagle one cent coins of 1856–58 and the Indian Head one cent coins of 1859-64. They were made from metal that contained 88 parts copper to 12 parts nickel, which gave them a light or white color.

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How much is a 1943 wheat penny worth?

A 1943 wheat penny with no mint mark, Philadelphia mint, is the most common of the 1943 pennies and is worth around 15 cents in average condition and up to a few dollars for nongraded coins in fine condition.

Numismatic collectors are always looking for rare and valuable coins, and the 1943 steel penny is often thought to be one of the most valuable. However, the truth is that these pennies are actually not very rare at all. In fact, millions of them were minted, and they can easily be found in circulated condition. The value of a 1943 steel penny depends largely on its condition, but even a 1943, 1943-S, and 1943-D are normally only worth a couple of dollars in very fine condition at the least, they are worth between 10-15 cents. These prices are not to be confused with minting errors of the 1943 wheat cent, which we will touch on later. So, while searching for a rare 1943 steel penny may be fun, don’t get your hopes up too much – you’re not likely to find a fortune.

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