Thursday, February 27, 2020

I got this feedback from a friend of Scott, about what I wrote last week.  It's interesting.

Technically, the U.S. mint has never made pennies.  They are one cent coins and say so on the reverse.  Pennies are use in Great Britain, Australia, etc and they say Penny on the reverse.  Also, the 1943 pennies were made of steel, not tin.  The reason to use steel was that bronze (copper alloy) was in high demand for the war time effort.  The steel pennies were magnetic and would not work in the many types of one-cent vending machines at the time, including gum machines in almost every subway station in New York. During its short tenure, citizen complaints forced the one-year issue to be replaced in 1944.

And as far the one cent coin disappearing, it would not be the first as half cents were made up to about the Civil War.  (Canada quit making one cent coins in 2012).

Mills were never made by the U.S. mint even though they were authorized to do so in the Coinage Act of 1792.  Mills were issued by state governments and came in all shapes, sizes and materials.  Mills were created as a means for consumers to avoid being "overcharged" by having to pay a full penny tax on purchases of 5 or 10 cents.  As far as I know, no tax mills have been produced by any state since 1960.Technically, the U.S. mint has never made pennies.  They are one cent coins and say so on the reverse.  Pennies are use in Great Britain, Australia, etc and they say Penny on the reverse.  Also, the 1943 pennies were made of steel, not tin.  The reason to use steel was that bronze (copper alloy) was in high demand for the war time effort.  The steel pennies were magnetic and would not work in the many types of one-cent vending machines at the time, including gum machines in almost every subway station in New York. During its short tenure, citizen complaints forced the one-year issue to be replaced in 1944.

And as far the one cent coin disappearing, it would not be the first as half cents were made up to about the Civil War.  (Canada quit making one cent coins in 2012).


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