What are the pros of keeping pennies?
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The arguments in favor of keeping pennies in circulation center on potential economic impacts, charitable giving, and their use in everyday life.
What are the benefits of keeping the penny?
Pro 1: Preserving the penny keeps consumer prices down and avoids harming low-income households. Read More. Con 1: The penny has practically no value and should be taken out of circulation just as other coins have been in U.S. history.
Is it worth it to keep pennies?
It all depends why you collect. If you just like accumulating things that are worth a decent chunk of money like silver, it's not worth your time. If you like collecting years and mintmarks, or wheat pennies, or looking for varieties, then it's great.
Why are 1999 pennies worth $4,500 today?
A 1999 penny can be worth as much as $4,500 today because of a rare minting error called a “wide AM” variety, where the “A” and “M” in “AMERICA” are spaced further apart than normal.
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.
Why Is Copper Suddenly So Valuable?
What is a rare penny year?
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 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.
Are pennies going away in 2025?
After 232 years of production, the U.S. Mint stamped its final batch of pennies on November 12, 2025.
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.
Should you save pennies?
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 you put pennies in your garden?
In short, the answer is no. Although experts recognize the benefits of copper for plant growth, placing pennies in soil is not an effective way to provide plants with nutrients or prevent fungus diseases. While experts help to debunk this myth, they also share where pennies in the soil can, in fact, be beneficial.
Do pennies bring good luck?
In many cultures, the penny, despite being the smallest denomination in many currencies, has been particularly associated with luck. One reason might be its accessibility; pennies are common, and finding one can happen to anyone, making the joy of discovery universal.
What penny is worth $250000 today?
Depending on their condition, those 1943 Lincoln wheat pennies would be worth, at most, between $100,000 and $250,000, Feigenbaum said.
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.
What is the rarest half penny?
The Halfpenny of King George V is the most difficult bronze denomination to get, especially if you are trying to put a date set together. These early dates 1911-25 are the most difficult of the dates to find. Each coin is in selected circulated condition and remember that they are almost 100 years old.
What are the 10 most valuable pennies?
Top 10 Most Valuable Pennies
- 1909-S Indian Cent. $300 - $1,000+ ...
- 1909-S VDB Lincoln Cent. $600 - $1,300+ ...
- 1914-D Lincoln Cent. $150 - $2,200+ ...
- 1922 Plain Lincoln Cent. $500 - $10,500+ ...
- 1931-S Lincoln Cent. $65 - $100+ ...
- 1943 Bronze Lincoln Cent. $125,000+ ...
- 1944 Steel Lincoln Cent. $75,000 - $125,000+ ...
- 1955 Doubled Die Lincoln Cent.
Is a 1983 penny worth $7000?
The U.S. minted about 7.7 billion pennies in 1983 but only about 5,000 of them have the doubling error. The mistakes and the rarity is what drives the price up, with some of the coins, known among collectors as the 1983 Penny With No Mint Mark, selling for as much as $7,000.
How do I store rare pennies safely?
Storing Your Collection
Individual coins are packaged in capsules fitted into folders or boxes. 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.
What penny is $1,000,000?
Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat penny on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc.
What 1974 penny is illegal to own?
“Experimental 1974 Lincoln cents struck on bronze-clad steel planchets have the same legal status as the more famous 1974 aluminum cents, the Mint stated Sept. 9: Both are illegal to own and are subject to confiscation.
Are red pennies rare?
This is part of what makes red pennies so rare, especially in limited mintage years. To qualify as a true, graded RD penny, your coin needs to both receive an excellent grade of MS60 or higher and maintain 19/20ths of its original mint red color.