Are pennies made before 1982 worth anything?
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Yes, most U.S. pennies made before 1982 are worth more than their 1-cent face value due to their copper content.
How much is a penny from before 1982 worth?
As of January 21, 2014, a pre-1982 cent contained 2.203 cents' worth of copper and zinc, making it an attractive target for melting by people wanting to sell the metals for profit. In comparison, post-1982 copper-plated zinc cents have a metallurgical value of only 0.552 cents.
Is it worth keeping pennies before 1982?
That's why so many people have started to collect pre-1982 copper pennies. By doing so, these individuals are able to amass a collection of copper that is worth much more than if the pennies were used on their own. The value of copper pennies, in this case, is much greater than one cent.
What can I do with pre-1982 pennies?
“Pre-1982 pennies are copper and have value for their copper content. Many retail coin shops will pay $. 03 - $. 04 a piece for common date pennies.”
Should I cash in my pennies now?
So, what should you do with those pennies now? You can continue to spend them. Retailers will continue to accept pennies if you want to pay with exact change. However, you certainly shouldn't save them in the hopes that their value will increase, as that's unlikely to happen in the near future.
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Who buys pre-1982 pennies?
Numismatists and collectors appreciate the aesthetic and historical significance of pre-1982 pennies, adding an extra layer of value to your investment.
How do I tell if my penny is valuable?
That is, of course, dependent on a few engraved features: the year, wheat sheaves, and, if you're lucky, three initials. In recent years, there have been pennies that have sold at auction for hundreds or thousands of dollars. A rare few have been known to fetch more than $1 million.
What penny is valued at 2.3 million?
A 1943-D Lincoln Bronze Wheat Penny sold for $1.7 million in 2010 but is valued at $2.3 million in uncirculated mint condition.
Should I save all my copper pennies?
Why should I save Copper Alloy cents/pennies? Some 1982 and all prior years are made with 95% copper. With copper at historic high prices, each of these coins are worth much more in actual metal content, than their face value.
Why are 1982 pennies so rare?
The most expensive of the group are the 1982-D small date copper pennies. Because the Mint created these in error during an alloy transition, they are quite rare. Only two are known to exist. However, that doesn't mean that the number has to remain at two.
Should I save pennies before 1982?
Holding onto pre-1982 pennies could be a wise investment, as their intrinsic value may rise over time. Pro Tip: Investing in metals is a time-tested strategy for wealth preservation.
What 1958 penny is worth $1,000,000?
Some pennies worth $1 million. Rare Lincoln Wheat Pennies, minted from 1909-1958, are valued anywhere from thousands to millions of dollars. The Lincoln Wheat Penny was the first U.S. coin to feature a president's image.
Why are 1999 pennies worth $4,500?
It's from 1999 and could be worth $4,500 thanks to a little-known error on it. What you want to look for is a 1999 penny with no mint mark, which means no letter under the year on the heads side. As for the tails side, that's where you have to look closely.
Which year of pennies are worth money?
Which pennies are worth a lot of money? Some of the most valuable pennies include the 1943 copper Lincoln cent, 1955 double die Lincoln cent, 1909-S VDB Lincoln cent, and the 1873 Indian Head penny with a doubled "LIBERTY".
Should I clean my 1960 D penny?
Coin cleaning is not advised as it can decrease the value of the coin , as it removes the coins patina , the surface of the coin which is sought out by collectors , particularly with ancient coins, as it shows the coins age and history.
Should I clean old pennies?
Polishing and/or cleaning coins can reduce their value. Older coins that show deep age coloration are more desirable than coins whose surfaces have been stripped away by improper polishing or cleaning. If you do polish a coin to remove dirt, use mild soap and water.
What are the key dates for pennies?
Key Date Wheat Pennies
- 1909-S VDB. The most famous and valuable regular-issue Lincoln cent. ...
- 1914-D. The scarcest Lincoln cent from the Denver mint in the wheat series. ...
- 1931-S. Depression-era rarity with extremely low mintage. ...
- 1909-S. First-year San Francisco issue without the VDB initials.
Why is the 1943 penny worth $1,000,000?
This rare 1943 Lincoln cent is only 1 of 15 known in the world. Photograph courtesy of The Money Museum. This rare cent is one of approximately 15 examples found in circulation. Known as error coins, these rare pennies were made using copper instead of zinc, and were never intended to be struck.
Should I be keeping my pennies?
Please don't hoard coins.
Holding onto large quantities can contribute to localized shortages. By keeping your pennies in circulation, you're helping your community.
Are pre-1982 pennies 100% copper?
A pre-1982 penny consists of 95% copper and 5% zinc. 4 It contains about 2.95 grams of copper, and there are 453.59 grams in a pound.