![]() ![]() 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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