![]() If the penny sticks to the magnet, your stuck with a worthless coin. The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. The 1943 copper cent is a favorite of counterfeiters, who coat steel pennies with copper. Coin experts speculate that the planchets were struck by accident when copper-alloy 1-cent blanks remained in the press hopper when production began on the new steel pennies. Only 40 of the 1943 copper-alloy cents are known to be in existence. ![]() ![]() Bill Simpson, co-owner of the Texas Rangers, owns three of them. The pennies remain the most famous and valuable of all wrong-metal issues. A few of these bronze pennies made it out, however. ![]() However, few silver coins were minted between 1793 and. Government halted the minting of copper-coated bronze coins – switching to steel instead – because copper was needed to manufacture ammunition during World War II. Under a free coinage policy, raw gold or silver could be taken to the U.S. Today, pennies are made from copper-coated zinc.
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