What to do with all your pennies?
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You can spend your pennies, deposit them at a bank (which helps circulation), use a Coinstar machine (for cash or gift cards), roll them yourself, or even find creative uses like makeshift weights or copper fungicide for plants; check for valuable pre-1982 copper pennies if you're feeling lucky, but most just need cashing in.
What should I do with a bunch of pennies?
- Roll them up and deposit them into your bank.
- Give it to your kids.
- Toss them into a wishing well that is still being operated in your area during the pandemic.
- Save them till indoor dining is allowed, then go to LOCAL businesses and give them your pennies as TIPS.
- Donate them to the
How do I get rid of a lot of pennies?
Although rare valuable pennies exist, most are worth only slightly more than their face value. Consumers can exchange coins for cash at banks, credit unions, or Coinstar kiosks, often with options to waive fees by opting for gift cards.
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.
How many pennies will it take to make $100?
There are 10,000 pennies in 100 dollars. To convert dollars to pennies, you can multiply the number of dollars by 100 or visit Omni's pennies to dollars calculator to avoid performing calculations by hand!
THE LAST PENNY! WHAT SHOULD YOU DO WITH YOUR PENNIES?
Is it worth saving pennies?
Experts say it's highly unlikely. You may have seen one of the many headlines about valuable pennies in circulation. "Lincoln Wheat Penny Worth $124M You Could Have at Home," one reads. But the reality is, most pennies are worth one cent, or possibly a bit more.
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.
Is it illegal to hoard pennies?
A penny, usually made of copper and zinc, is merely a physical representation of wealth (as opposed to, say, holding debt instruments (bonds)) There is no legal limit to the amount of wealth one can accumulate in a capitalist market, nor is there any significant regulations on copper or zinc that prevent one from ...
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.
How to cash in a lot of pennies?
To exchange your coins for cash, you can either visit your bank or credit union, use a Coinstar machine, or roll the coins yourself.
Do banks accept pennies?
A: Absolutely. Pennies remain legal tender. You can spend them or deposit them at your bank. In fact, bringing in coins from home helps improve circulation.
Can I sell my pennies for copper?
Yes, it's legal to sell copper pennies—but melting them down is prohibited. Many hobbyists collect pre-1982 pennies for their copper content, but sales should be for collection or display, not scrap.
What are the pros of keeping pennies?
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.
How do I get rid of unwanted coins?
Try taking old or foreign coins to your local charity shop as many charities accept them to help raise valuable funds.
Can I take all my pennies to the bank?
A: Absolutely. Pennies are still legal tender and can be used for purchases or deposited at your bank. The banking industry encourages consumers to recirculate coins—check your home, car or coin jars and bring them to banks, retailers or coin kiosks to help ease the slowdown.
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 is a 1982 penny worth $10,000 today?
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.
Is it legal to squish pennies?
Yes, Squashing Pennies is Legal!
U.S. Title 18, Chapter 17, Section 331: Prohibits among other things, fraudulent alteration and mutilation of coins. This statue does not, however, prohibit the mutilation of coins if done without fraudulent intent if the mutilated coins are not used fraudulently.
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".
What is a 1983 no S penny?
In 1983, no mint mark was placed on coins printed in Philadelphia (it would have been a “P”) but was for coins originating from Denver (a “D”) and San Francisco (an “S.”) That means the first thing you should look for in the hunt for the valuable coin is to find a penny minted in 1983 that has no mint mark.
Are pennies worth keeping?
The government says pennies cost more to make than they're worth. The penny has been in circulation since 1792, but the government will stop production of the coin in 2026. The federal government says pennies cost more to make than they're worth and the move will save them millions of dollars.