Should I keep pennies before 1982?
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You might consider keeping pennies minted before 1982 because their copper content is worth more than their one-cent face value. Each pre-1982 penny contains 95% copper, which gives it an intrinsic metal value of around two cents at current commodity prices.
Are pennies before 1982 worth keeping?
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.
Are 1982 pennies worth anything?
As a general rule, 1982 Large Date pennies are made of copper and do command a dollar or two from collectors, as they are some of the “old-style” pennies. The new pennies are therefore Small Date pennies and are likely worth little more than their face value.
Should I keep my old pennies?
Keep all of them dated 1981 and older. Because of copper value, they will keep getting more valuable. Keep all that are 1982 and newer, but carry a few of them to spend until they are gone. Zinc pennies will never be worth enough to make them valuable enough to hang on to; exception being 2009 pennies.
What year should we save pennies?
The most valuable pennies, which are rare but possibly still in circulation, are 1943 copper Lincoln wheat pennies, a few of which were produced accidentally as the U.S. mints were supposed to use zinc to save copper for the World War II effort, said John Feigenbaum, publisher of rare coin price guide Greysheet.
Why you should save Pre 1982 pennies! There worth more then a Penny
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.”
What year pennies should I hold on to?
The following are fourteen different types of pennies worth the most money in present day:
- Fugio Copper Cent: 1787.
- Flowing Hair Cent: 1793.
- Liberty Cap Cent: 1793-1796.
- Draped Bust Cent: 1796-1807.
- Classic Head Cent: 1808-1814.
- Coronet Head Cent: 1816-1839.
- Braided Hair Cent: 1839-1857.
- Flying Eagle Cent: 1856-1858.
Should I start hoarding pennies?
People do not have to feel compelled to hold on to their pennies, according to Harker. “Just to hoard them, I don't see a value in that and I don't see that that's practical,” she says. “Hoarding pennies is not necessarily a good thing, unless they're rare,” she adds.
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.
Should I save 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 is a 1982 penny worth $10,000?
This weight discrepancy is due to a rare occurrence where a penny was mistakenly struck on a mostly copper planchet instead of the usual zinc-coated copper. According to Couch, a penny of this kind was sold at auction “for over $10,000,” showcasing the incredible value that can come from this seemingly ordinary coin.
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.
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.
What year of penny is 100% copper?
According to the U.S. Mint, the metal composition of the cent, also known as a penny, was pure copper from 1793 until 1837. The Mint offers a brief chronology on the shift in composition over time. “From 1937 to 1857 the cent was made of bronze (95 percent copper, and five percent tin and zinc).
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.
How much is a 5 gallon jug of pennies worth today?
A 5-gallon jug of pennies can contain approximately $350 to $450 in face value, depending on how densely they are packed. The total value can increase significantly if the jug includes rare or collectible pennies.
Should I keep saving pennies?
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.
Are any pennies worth keeping?
The most valuable pennies, which are rare but possibly still in circulation, are 1943 copper Lincoln wheat pennies, a few of which were produced accidentally as the U.S. mints were supposed to use zinc to save copper for the World War II effort, John Feigenbaum told USA TODAY, publisher of rare coin price guide ...
When should you not pick up a penny?
Some people believe it's only good luck to pick up a penny if heads is showing. A penny with the tails side up should be turned over for another person to find. On the other hand, many people believe any penny you find is good luck.
Should I throw away my pennies?
Beyond monetary value, pennies may still have practical uses. According to Farmers Bank, older copper pennies can act as natural fungicides to keep flowers fresh or serve as makeshift tools and household fixes—from weighing down curtains to creating cold packs using an old sock filled with frozen coins.
What to do with parents coin collection?
For smaller collections with modest value, selling to a coin dealer or privately may be viable. However, discretion is advised to avoid attracting unwanted attention. For collections with higher value or rare coins, Rod suggests exploring options like auction houses specialized in numismatics.
Should you clean old coins or leave them alone?
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. Removing the patina off an ancient coin can cause bronze disease.