1-cent coins from 1909 to 1958 were called Wheat Pennies while the 1959 to 2008 ones were Lincoln Memorial Cents. They replaced the earlier wheat stalks with a sculpture of the Lincoln Memorial for the next fifty years or so. In 1959, to celebrate 150 years since Lincoln’s birth, the mint changed the design on the back of the penny. After 1982, the penny changed to 97.5% zinc with a 2.5% copper coating. In 1943, most wartime pennies were 99% low-grade carbon steel with a 1% zinc coating on top. Initially, the penny was 95% copper with the remaining 5% being a mixture of tin and zinc. Also, President Theodore Roosevelt had requested the mint to hire professional artists who could beautify the designs on existing US currency.Īs a result of this president’s lobbying, the Lincoln Cent was developed by sculptor Victor David Brenner. The idea was to produce a coin that honored one of the most popular US presidents. The Lincoln Cent was introduced in 1909 to celebrate a hundred years since President Abraham Lincoln’s birth (12 th February 1809). But first, let’s take a closer look at the coin’s history. And although you can’t buy much with a penny in the US today, you can still trade one for a lot of money if it’s in the right condition. It’s why we use dollars and cents, but we still refer to our 1-cent coin as a penny, since that’s what they call it in the UK. You probably know the United States used to be a British colony. For now, let’s start with a 1963 Penny Value price chart. It’s the year when tin was removed from the coin. But in the numismatic space, especially for penny enthusiasts, a slight shift in the metal composition made 1963 1-cent coins valuable. 1963 was a big year in the US, and not necessarily a happy one because it was the year when JFK was shot.
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