Everything about the steel around us


The History of the 1943 Steel Cent

From 1909 to 1942, the Lincoln Cent wasto produce sufficient supplies of planchets
composed of 95% copper and 5% tin and zinc.and production commenced on February 23, 1943
That all changed in 1943, as for the firstat the Philadelphia Mint with the Denver and
and only time, a coin was made out of steel,San Francisco Mints beginning production the
which was quite a contradiction from gold,next  month.
silver,  copper  or  bronze.
On February 27th, the first delivery of cents
Even before the United States entered thewas made to the Treasury and within a few
war, there were inklings that the cent, asweeks, the steel cents were in circulation.
well as the nickel were in trouble. TheAlthough the Treasury Department assured the
nickel was made out of 75% copper. Copper waspublic that the coin, after being in
in huge demand due to its use by defensecirculation for a while, would gain a
contractors in the manufacturing process ofdistinct appearance, many people noticed the
various supplies and equipment needed in casecolor resemblance of a dime. Complaints
of  the  US  going  to  war.continued to pour into the Treasury. For
example, due to there magnetic property, many
After the attack on Pearl Harbor, the rumorsmechanical devices treated the new cent as a
only grew and in January 1942, The Numismaticslug. Back then, there were quite a few uses
Scrapbook Magazine reported that Treasuryfor  the  cent  and  this  was  a  big  deal.
officials were giving serious consideration
to using different metal contents for someThe new cent was so much hated by the public
coins. The first step occurred on Januarythat the Treasury was moved to issue them
23rd, 1942, when the Treasury ordered theonly when bronze-copper cents were not
removal of all but a trace of tin from theavailable. Still, demand for cents for
cent from the already small amount that hadbusiness was so great, that the public was
been in use. The existing supply of stripsforced to use them as that was what was
and planchets were used and it is speculatedavailable. In the fall of 1943, the Treasury
that cents produced in 1942 were produced ofannounced that no steel cents would be
both metal compositions. This small changeproduced after December 31, 1943 and that the
was  expected  to save 100,000 pounds of tin.mint would produce cents from the pre-war
alloy, but without tin. These cents, from
Throughout 1942, there were repeated attempts1944 through 1946 were to be known as
and pleas to the public to turn in theirshell-case cents, as the metal generally came
cents and nickels. Even with these pleas, thefrom spent shell-casings. It was also
shortages continued and for the last sixannounced that there would be no recall of
months of the year the mint scaled backthe  steel  cent.
production of cents and nickels. During this
time, experiments were conducted with variousAfter the war, the Treasury did begin
metal compositions, fibers, plastics and evenrecalling steel cents for the next 20 years.
glass.Although not publicized, coins were to be
returned to the treasury in the normal course
On December 18, 1942, Public Law 77-815 wasof business. By 1950, steel cents were
enacted. This law called for the melting ofbecoming scarce and by 1960, nearly
more silver dollars and for the authorizationnon-existent. By this time, steel cents had
of metal substitutes for the one cent anddeteriorated quite a bit. The Mint had coated
five cent coins not to go beyond Decemberthe steel strips before punching leaving the
31st, 1946. The nickel had already seen itsedge of the coin subject to rust and
change utilizing more silver in its content.corrosion. Even though a recall was in
The Treasury wasted no time and on Decembereffect, the Mints own records indicate over
23, 1942, Treasury Secretary Henry930  million  remained  in  circulation.
Morgenthau, Jr. ordered that all cents
produced after January 1st 1943 be comprisedBy the end of 1943, the three Mint facilities
of low-carbon steel coated with zinc. Thehad produced 1,093,838,670 of the one-cent
zinc plating was to provide a thin coating tocoins. The copper released for the war effort
prevent rust and was to be no more than .001was enough to meet the combined needs of 2
inches thick. The same diameter of coin wascruisers, 2 destroyers, 1,243 flying
maintained, but the weight was reduced fromfortresses, 120 field guns and 120 howitzers,
the standard 48 grains to 42 grains, due toor enough for 1.25 million shells for our big
the use of a lighter alloy. It took some timefield guns.



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