Not really. Most pennies are made out of zinc, plated with copper. THe current content of a penny is around 97.5% zinc, 2.5% copper. Copper is worth more money than zinc, so it wouldn’t make much sense to spend money minting a 1 cent coin.
From 1909 until 1982, the U.S. penny was made up of about 95% copper. Since the copper value was 224% of the value of the actual currency, the government switched to using primarily zinc instead. Since 1982, our pennies have been made up of 97.5% zinc.
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