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<p>[QUOTE=&quot;Twinturbo, post: 1282869, member: 33002&quot;]On February 27th, the first delivery of cents was made to the Treasury and within a few weeks, the steel cents were in circulation. Although the Treasury Department assured the public that the coin, after being in circulation for a while, would gain a distinct appearance, many people noticed the color resemblance of a dime. Complaints continued to pour into the Treasury. For example, due to there magnetic property, many mechanical devices treated the new cent as a slug. Back then, there were quite a few uses for the cent and this was a big deal. </p><p><br /></p><p>The new cent was so much hated by the public that the Treasury was moved to issue them only when bronze-copper cents were not available. Still, demand for cents for business was so great, that the public was forced to use them as that was what was available. In the fall of 1943, the Treasury announced that no steel cents would be produced after December 31, 1943 and that the mint would produce cents from the pre-war alloy, but without tin. These cents, from 1944 through 1946 were to be known as shell-case cents, as the metal generally came from spent shell-casings. It was also announced that there would be no recall of the steel cent.</p><p>After the war, the Treasury did begin recalling steel cents for the next 20 years. Although not publicized, coins were to be returned to the treasury in the normal course of business. By 1950, steel cents were becoming scarce and by 1960, nearly non-existent. By this time, steel cents had deteriorated quite a bit. The Mint had coated the steel strips before punching leaving the edge of the coin subject to rust and corrosion. Even though a recall was in effect, the Mints own records indicate over 930 million remained in circulation. </p><p><br /></p><p>In conclusion, I have heard they scuttled them in a ship back in the early 60&#039;s, however this official source doesnt state how or where they were destroyed</p><p>However to note with a mintage of 1093838670</p><p>Only 10% of the mintage was destroyed by the mint.</p><p>Nothing extremely singificant when compared to the morgan dollar.</p><p>I wonder whats going on with the Ike&#039;s though[/QUOTE]</p><p><br /></p>

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