what is the difference between pennies before and after 1982?
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If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating. For pennies dated 1982, when both copper and zinc cents were made, and best way to determine their composition is to weigh them.
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In other words, $0.25 in 1980 is equivalent in purchasing power to about $0.78 in 2020, a difference of $0.53 over 40 years. The 1980 inflation rate was 13.50%.
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2004 pennies is worth $20.04, Pennies issue in 2004 are worth one cent each unless in mint or uncirculated condition.
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Types of Money Dollars are larger than cents. For example, 100 cents equals 1 dollar.
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Since decimalisation on Decimal Day in 1971, the pound has been divided into 100 pence (denoted on coinage, until 1981, as "new pence"). The symbol for the penny is "p"; hence an amount such as 50p (£0.50) properly pronounced "fifty pence" is more colloquially, quite often, pronounced "fifty pee" /fɪfti pi/.
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1943 steel penny (this one often looks silver or white): 20-50 cents if well worn. ... 1959 no mintmark or D Lincoln Memorial penny: 1 cent (face value) if worn. 1960-1974 no mintmark, D, or S Lincoln Memorial penny: 1 cent if worn. 1974-1981 no mintmark or D Lincoln Memorial penny: 1 cent if worn.
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For most pennies, those minted in recent years are worth, well, a penny. Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples (especially those in near perfect condition) can be worth much more.
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In other words, $25 in 1980 is equivalent in purchasing power to about $77.79 in 2020, a difference of $52.79 over 40 years. The 1980 inflation rate was 13.50%.
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Value of $80 from 1986 to 2020 In other words, $80 in 1986 is equivalent in purchasing power to about $187.15 in 2020, a difference of $107.15 over 34 years. The 1986 inflation rate was 1.86%.
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In other words, $12 in 1978 is equivalent in purchasing power to about $47.19 in 2020, a difference of $35.19 over 42 years. The 1978 inflation rate was 7.59%.
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Why a dollar today is worth only 9% of a dollar in 1950 In other words, $100 in 1950 is equivalent in purchasing power to about $1,063.88 in 2020, a difference of $963.88 over 70 years. The 1950 inflation rate was 1.26%.
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The coin was larger and made of pure copper, while today's penny is made of copper and zinc. In 1857, Congress told the Mint to make the cent smaller and to mix the copper with nickel.
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In other words, $25 in 1965 is equivalent in purchasing power to about $199.39 in 2018, a difference of $174.39 over 53 years. The 1965 inflation rate was 1.61%.
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The answer is 100. We assume you are converting between penny and dollar bill. You can view more details on each measurement unit: penny or dollar The main non-SI unit for U.S. currency is the dollar. 1 penny is equal to 0.01 dollar.
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For instance if the penny was made between 1944- 1982, then it is made of 95% copper and 5% zinc, while if made after that, the penny will be made of 2.5% copper and 97.5% zinc.
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The answer is: it takes $10,000,000.00 that's (10) million dollars to equal the same as 1,000,000,000 pennies that's (1 billion) pennies.
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In other words, $25 in 1985 is equivalent in purchasing power to about $60.20 in 2020, a difference of $35.20 over 35 years. The 1985 inflation rate was 3.56%. The current year-over-year inflation rate (2019 to 2020) is now 0.99% 1. If this number holds, $25 today will be equivalent in buying power to $25.25 next year.