How much is a penny before 1982 worth?

So for the past 30 years, pennies have been made with an alloy comprised of 97.5% zinc and 2.5% copper, but pennies minted before 1982 are 95% copper and 5% zinc. The price of copper has more than quadrupled over the past 10 years. So a penny produced before 1982 is worth 2.2 cents based on the metal it contains.

Is it worth saving pre 1982 pennies?

A pre-1982 penny has about 2 cents worth of copper in it. Some people hoard them, betting that the U.S. will kill the penny and then it will be legal to melt them down and they can make a killing.

How much is an old penny worth?

In general, all Indian Head Pennies are worth at least $1 each, even in very worn condition, as long as they're not severely damaged. Be on the lookout for 1877 and 1909-S Indian head pennies. They are most valuable in any condition and are highly sought after by coin collectors.

How much is a 1943 penny worth?

Because they are quite common, a 1943 penny in circulated condition is not worth much. According to USA Coin Book, a steel penny from 1943 in circulated condition is worth between 16 cents and 53 cents. However, Heritage Auctions sells 1943 steel pennies in pristine, uncirculated condition for more than $1,000.

What is the melt value of pre 1982 pennies?

The CME uses pounds to price these metals, that means we need to multiply the metal price by . 00220462262 to make the conversion to grams. $0.0284176 is the melt value for the 1909-1982 copper cent on June 02, 2022.

Are Your 1982 Pennies Worth Money, Large and Small Date Varieties Explained

How do I sell my pre 1982 pennies?

1. Sell them on Craigslist or Ebay. Many people are hoarding these old pennies in bulk.

What are pre 1981 pennies worth?

So a penny produced before 1982 is worth 2.2 cents based on the metal it contains. In 2007, the U.S. Mint implemented outlawed melting down pennies for profit. The fear -- a coin shortage, and the cost to replace those coins.

What penny is worth $1000000?

A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency. Texas Rangers co-chairman Bob R.

What penny is worth $50000?

The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000!

Is a 1953 penny rare?

The 1953 Lincoln pennies are not rare, thanks to the high mintage that goes over one billion.

Is a 1900 penny worth anything?

Not a date commonly found anymore, your 1900 Indian head penny value is $1.45 per coin, even with heavy wear. Minimum value is quickly left behind if your coin is in reasonably nice condition, and only just moderately worn.

Is a 1946 penny rare?

While the modern penny may not be worth much at all, older versions of the coin are quite valuable. The 1946 Lincoln penny is an example of a coin that is highly sought after by collectors.

Are 1971 pennies worth anything?

Most 1971 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.02. These coins can only sell for a premium in uncirculated condition. The 1971 penny with no mint mark is worth around $1 in uncirculated condition with an MS 65 grade.

What year pennies should I keep?

Watch for low mintage years like 1955-S, 1939-D, 1933-D, and 1931-S. Depending on condition, rarer pennies are worth more. Look for all-copper pennies. Old pennies made before 1982 are 95% copper, which gives them an inherent metal value.

What year of coins should I keep?

Those dated after 1964 have no premium value, and so far, none of the 50-state quarters series is worthy of saving. All half dollars dated 1964 and earlier are worth their silver value. In the Franklin half dollar series, the 1949-S, 1955 and 1956 coins are worth more than silver value.

What's the oldest penny ever?

What is this? The oldest penny in the world is the Birch Cent of 1792.

Is a 1959 D penny rare?

The 1959-D Lincoln cents become rare in the highest grades, as shown at a February 2016 auction by GreatCollections when the online auctioneer sold a 1959-D Lincoln cent graded PCGS MS-67+ red for $3,432.

Is a 1942 penny rare?

Having said that, collectors are really only interested in older versions of the coin, like the 1942 Lincoln. These pennies are collectible not only because of their age and historical significance, but because they are rare and growing rarer by the day.

What is the rarest coin in the world?

Are 1969 pennies worth anything?

Most 1969 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.02. These coins can only sell for a premium in uncirculated condition. The 1969 penny with no mint mark is worth around $1 in uncirculated condition with an MS 65 grade.

How much is a 1994 penny?

Most 1994 pennies in circulated condition are only worth their face value of $0.01. These coins can only sell for a premium in uncirculated condition. The 1994 penny with no mint mark and the 1994 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade.

Is a 1985 penny worth anything?

Since over 5 billion 1985 pennies were minted, the value of your 1985 penny is more than likely only face value. Even in uncirculated condition, the 1985 penny is worth only a mere $0.25.