1943 Steel Pennies

1943 Steel Pennies

Post by Malanutt 4 Li » Sat, 05 Apr 2003 03:12:39



I heard the rumor that the 1943 pennies were thrown into the ocean. Where did
this rumor come from? I somehow don't believe it.
 
 
 

1943 Steel Pennies

Post by Michael G. Koerne » Sat, 05 Apr 2003 03:50:52


Quote:

> I heard the rumor that the 1943 pennies were thrown into the ocean. Where did
> this rumor come from? I somehow don't believe it.

I don't think that the British ever got rid of their Pennies in that
manner and it would have been very difficult for them to seperate them
by date.

;-)

NOW -- if you mean 1943 USA Cents, I believe that that is indeed true.
These cents were hugely unpopular with the public as they were
continually confused with dimes and they kept gumming up coin-operated
machines.  I'm not sure of exactly when the decision to do this was
made, but the USTreasury declared them to be 'uncurrent' and they were
actively removed from circulation by the Federal Reserve.  For security
reasons and due to their physical/chemical difficulties relating to
steelmaking, they were put into standard-sized oil drums and dumped into
the ocean.

By now, they have likely been mostly dissolved by the highly corrosive seawater.

I also seem to recall that the 1942-1945 silver nickels were declared
'uncurrent' at the same time.

(let's hope that they soon do the same thing with SBAs!!!)

--
___________________________________________  ____              _______________
Regards,                                    |    |\    ____
                                            |    | |  |    |\
Michael G. Koerner               May they   |    | |  |    | |   rise again!
Appleton, Wisconsin USA                     |    | |  |    | |  
___________________________________________ |    | |  |    | | _______________

 
 
 

1943 Steel Pennies

Post by dawn » Sat, 05 Apr 2003 05:15:26


I  feel kind of dense asking ,but aren't the 43 wheats steel ? I have some ,
but I'm not sure if this applies to all of them?


Quote:
> I heard the rumor that the 1943 pennies were thrown into the ocean. Where
did
> this rumor come from? I somehow don't believe it.

 
 
 

1943 Steel Pennies

Post by Michael G. Koerne » Sat, 05 Apr 2003 11:31:22


Quote:

> I  feel kind of dense asking ,but aren't the 43 wheats steel ? I have some ,
> but I'm not sure if this applies to all of them?

Except for a very few straggler bronze planchets (less than 10) that
were left in the recesses of the minting presses at the end of 1942 and
worked their ways loose to be struck with 1943 dies, ALL 1943 US Cents
are zinc plated steel.

--
___________________________________________  ____              _______________
Regards,                                    |    |\    ____
                                            |    | |  |    |\
Michael G. Koerner               May they   |    | |  |    | |   rise again!
Appleton, Wisconsin USA                     |    | |  |    | |  
___________________________________________ |    | |  |    | | _______________

 
 
 

1943 Steel Pennies

Post by AnswerMa » Sun, 06 Apr 2003 00:33:29


I've never seen any reports of the 1943 steel cents being dumped. I do have a
statement that a significant quantity of the recovered coins were shipped to a
steel plant and melted to recover the steel and zinc. What started the rumor is
the fact that tons of the punched strip were in fact dumped in the ocean, used
as retaining walls and in other construction. That's why it's still possible to
get punched steel strip at relatively cheap prices.
Alan Herbert
The Answerman

 
 
 

1943 Steel Pennies

Post by Coin Sav » Thu, 10 Apr 2003 05:35:36


Quote:
>From: malanutt4life
>I heard the rumor that the 1943 pennies were thrown into the ocean. Where did

this rumor come from? I somehow don't believe it.>

Some bored sensationalist came up with this urband legend a long time ago.

8-/
Coin Saver

 
 
 

1943 Steel Pennies

Post by Michael G. Koerne » Thu, 10 Apr 2003 10:53:46


Quote:

> >From: malanutt4life

> >I heard the rumor that the 1943 pennies were thrown into the ocean. Where did
> this rumor come from? I somehow don't believe it.>

> Some bored sensationalist came up with this urband legend a long time ago.

Interesting.  How did they then maintain security when they were
withdrawn and subsequently fed to the blast furnaces?

Was it similar to what we are now seeing with all of that pre-Euro
European coinage?

--
___________________________________________  ____              _______________
Regards,                                    |    |\    ____
                                            |    | |  |    |\
Michael G. Koerner               May they   |    | |  |    | |   rise again!
Appleton, Wisconsin USA                     |    | |  |    | |  
___________________________________________ |    | |  |    | | _______________