The Lincoln Cent – Part 3 – The Many Changes | Silver Coins

The Lincoln Cent – Part 3 – The Many Changes

The Lincoln Cent – Portion 3 – The A lot of Alterations

No real alterations occurred in the cent from 1918 by means of 1942. In 1943, the cent would again see a dramatic change even though not to its design, but rather due to shortages of copper triggered by the war. At the time of Globe War II, the a single-cent coin was composed of 95 % copper and 5 percent zinc. These metals have been denied to the Mint for the duration of the war, producing it essential for the Mint to seek a substitute material. Right after considerably deliberation, even which includes consideration of plastics, zinc-coated steel was selected as the best in a restricted range of suitable supplies.

Production of the war-time cent was provided for in an Act of Congress authorized on December 18, 1942, which also set as the expiration date of the authority December 31, 1946. Low-grade carbon steel formed the base of these coins, to which a zinc coating .005 inch thick was deposited on each and every side electrolytically as a rust preventative. The exact same size was maintained, but the weight was reduced from the common 48 grains to 42 grains, due to the use of a lighter alloy. Production commenced on February 27, 1943, and by December 31, 1943, the 3 Mint facilities had made 1,093,838,670 of the one particular-cent coins. The copper released for the war effort was adequate to meet the combined requirements of 2 cruisers, 2 destroyers, 1,243 flying fortresses, 120 field guns and 120 howitzers, or sufficient for 1.25 million shells four our big field guns. These pennies are often referred to as silver pennies due to their colour when in new/AU/BU situation.

On January 1, 1944, the Mint was capable to adopt a modified alloy, the supply being derived from expended shell casing which when melted furnished a composition related to the original, but with a faint trace of tin. The original weight of 48 grains was also restored. You might see several advertisements for these cents called war pennies.

In 1955, we saw the last of the “S” mint marked wheat pennies. The San Francisco mint ceased minting “S” minted coins of cents and dimes for general circulation at the finish of that year. The nickel, quarter and half dollar ceased the year before. It would not be for one more 13 years (1968) prior to “S” mint coins were developed for basic circulation.

1959 marked the 50th anniversary of the Lincoln cent and the reverse was changed to what is now the present design, the Lincoln Memorial. On February 12, 1959, the new style was introduced as a element of the 150th anniversary celebration of Lincoln’s birth. Frank Gasparro, the Assistant Engraver at the Mint in Philadelphia, prepared the winning entry, chosen from a group of 23 models the engraving employees at the Mint had been asked to present for consideration. Given that the cent had been in circulation for more than 25 years, only the Treasury Secretary’s approval was required. The imposing marble Lincoln Memorial in the Nation’s Capital supplies the central motif the legends E PLURIBUS UNUM and UNITED STATES OF AMERICA type the rest of the design, together with the denomination. Mr. Gasparro’s initials, FG, seem on the right, near the shrubbery.

In 1962, the penny underwent another adjust, despite the fact that little. Mint officials decided to drop tin from the content material of the Lincoln cent, due to the fact there had been manufacturing price benefits to a stable alloy of 95 % copper and five percent zinc. This time, nevertheless, there was no particular interest because the alter was not readily notice even though technically the Lincoln cent became brass, not bronze.
In 1964, due to the announcement that silver would not longer be the main component of dimes, quarters and half dollars, there was a severe coin shortage for circulation. Even though Lincoln cents had been not the difficulty, government officials decided to not place mint marks on all coins in 1965. This continued for 2 much more years (1966 and 1967), with the notion that this would keep collectors from hoarding all the coins necessary for circulation. Some coins dated 1964 had been actually created 1965. Finally in 1968, mint marks had been returned and the beloved “S” mint returned to circulation. The return of the “S” would be short-lived nevertheless. In contrast to cents of earlier years with “S” mint marks, the cents of 1968-1974 would be created in the multi-millions with a total quantity of “S” minted coins from this period totaling over three billion. Yes, that is billion. Nevertheless, it was a welcome modify.

The price of valuable metals in the 1980’s was out of control and copper was no exception which took its toll on the Lincoln cent in 1982. The composition was changed to an alloy of 99.2 percent zinc and .8 % copper, plated by pure copper resulting in a total composition of 97.five % zinc and 2.5 % copper.

In my subsequent component, I will go over the changed that will be happening in the next handful of years to our beloved Lincoln Cent

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Worth really much more than a dollar, I assure you.

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