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<p>[QUOTE=&quot;cladking, post: 1283315, member: 68&quot;]People didn&#039;t like the steel cents primarily because they corroded so&nbsp; quickly.&nbsp; They were not only unsightly but would actually be rusty.&nbsp; The attrition on these was high for several reasons but any lost on the ground would rust away in only a couple years.&nbsp; The value of the cent was getting pretty low by the mid-&#039;50&#039;s so many bad ones would be tossed in the trash.&nbsp; Being magnetic would lead to some being lost in industrial settings.&nbsp; The primary cause of attrition were people settinmg them aside as collectibles but the treasury program wasn&#039;t far behind.&nbsp; I remember them being common up until 1960 and then plummeting over the next couple years.&nbsp; This might merely mean the Chicago FED didn&#039;t get serious about removing them until later than other areas.&nbsp; </p><p><br /></p><p>Up until 1957 or so you&#039;d still see nice uncorroded examples in circulation once in a while.[/QUOTE]</p><p><br /></p>

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