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It's currently 41 cents It is 42 cents as of May 2008
US cents have never been made of silver, not even in the 1800s.
In 1900 the price of a stamp to mail a letter was 2 cents. In 2008 a first class postage stamp cost 42 cents.
There is no such coin. Large cents were made from 1793 to 1857. Flying eagle cents were made from 1856 to 1858. Indian Head cents were made from 1859 to 1909. Wheat-back Lincoln cents were made from 1909 to 1958. Lincoln Memorial cents were made from 1959 to 2008. Lincoln Bicentennial cents were made in 2009. Note - where there is an overlap in dates, both designs were struck in those years.
Inflation was fairly flat in the United States during most of the 1800s. A dollar from almost any time during that century would be have the purchasing power of about 4 cents today.