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. Mint will release the first five coins in the American Women Quarters Program. To learn more about the history of these coins, read The History of U.S. Only 40 of the 1943 copper-alloy cents are known to be in existence. The penny, nickel, dime, and quarter are the circulating coins that we use today. 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. Government halted the minting of copper-coated bronze coins – switching to steel instead – because copper was needed to manufacture ammunition during World War II. Today, pennies are made from copper-coated zinc.
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