Should you keep pennies before 1982?
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Yes, you should generally keep U.S. pennies minted in 1982 and earlier, as they are composed of 95% copper. Because of the rising price of copper, these coins are currently worth more in raw metal content than their 1-cent face value.
Is it worth collecting pre-1982 pennies?
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.
Is it worth it to keep old pennies?
Nope. A waste of space and it is likely that inflation will erode the value of each cent faster than any numismatic appreciation will increase it.
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.
What year are pennies worth keeping?
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".
Why you should save Pre 1982 pennies! There worth more then a Penny
Which pennies should I save?
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 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.
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 is the best way to store pennies?
Storing Your Collection
In addition to original holders, other storage options include 2" x 2" cardboard or plastic holders, plastic tubes or capsules, sleeves or envelopes, and albums. For high-value coins, use hard plastic holders.
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.
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.
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.
Should I turn in my pennies or keep them?
The bottom line: Spend them. "Spend them, use them, trade them. We're probably the last generation that will," said Erika Wolter from Coins Plus in Spokane. Those pennies aren't going to make you rich, but they're not worthless either.
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.
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.
What penny is worth $1,000,000 today?
The 1909-S VDB Penny
One of the most famous million-dollar pennies is the 1909-S VDB Lincoln cent. The “S” mint mark indicates it was minted in San Francisco, and “VDB” represents the initials of Victor David Brenner, the coin's designer.
What's the rarest penny ever?
1. 1943-D Lincoln Bronze Wheat Penny. The 1943-D Bronze Wheat Penny is the rarest of all pennies, fetching up to $1.7 million at auction. The 1943-D Lincoln Wheat Penny is one of the most fascinating coins in American history, and only one exists.
What's the rarest one penny coin?
1933 penny. If you have heard of only one rare coin, there is a good chance that it is the 1933 penny.
Should I keep pennies before 1982?
There's no need to hold onto your pennies now, hoping for a big cash out in the future, according to Harker, who explained that even older pennies aren't worth more than a couple of cents. “Pre-1982 pennies are copper and have value for their copper content. Many retail coin shops will pay $. 03 - $.
What year is penny worth $20,000 today?
That makes them much easier to find than the 1969 Doubled Die coins. Bucki estimates that a 1992 Close AM coin in fairly new condition could be worth about $20,000, while a used one could sell for around $2,000 to $3,000.
What year should I keep pennies?
"Only a few Lincoln cents dated 1909 to 1958 with the wheat stalks design on the back ("wheat pennies") have sold for $1 million or more." The most valuable U.S. coin ever, a $20 gold piece, a 1933 "Double Eagle" coin, sold for $18.9 million at auction in 2021.