Do scrap yards buy copper pennies?

Often not only for legal reasons will scrap yards not buy them, but they have no where to sell them. Depending on the commodities marketing sometimes the metals in a penny are worth more than a penny even zinc. Some coins scrap yards may buy are silver coins for anywhere from 3 to 15 times their face value.

How much is a copper penny worth in scrap value?

Many estimate that each copper penny is worth about one and a half cents, though this fluctuates every day with the market value of copper. However, melting these pennies down is illegal, meaning that they are not viable for scrapping at this time.

Is it legal to scrap pennies?

Is it illegal to melt or destroy US pennies or other coins? It is not illegal to melt, form, destroy, or otherwise modify US coins, including pennies, unless the objective is fraudulent or with the intent of selling the raw materials of the coins for profit.

Is a 1944 copper penny worth anything?

How Much Is My 1944 Penny Worth? If it's a normal 1944, 1944-D, or 1944-S cent, it isn't worth much. They are some of the most common of common-date Wheat cents. Prices range from around 20 cents in circulated condition, to 35 cents in uncirculated.

Where can I sell pre 1983 pennies?

Sell them on Craigslist or Ebay.

Many people are hoarding these old pennies in bulk.

Can copper pennies be sold for scrap?

What can I do with all my pennies?

Can you scrap old copper pennies?

The 1p and 2p coins minted before 1992 were 97 per cent copper. In 2006, the soaring price of copper made these coins worth more as scrap than their face value. But be warned: it's illegal to melt down coins of the realm.

What year are copper pennies worth money?

If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating. For pennies dated 1982, when both copper and zinc cents were made, and best way to determine their composition is to weigh them.

How do I get rid of thousands of pennies?

Will the banks still take pennies?

Banks will still accept pennies. However, most banks will require that they be rolled. Don't want to roll? Coinstar has kiosks around the city where you can dump your coins and convert them into cash for an 11.9% fee.

Which 1982 penny is worth money?

Which 1982 Penny Is Worth The Most? The most valuable 1982 penny is a transitional error caused by the move from 95% copper to 99.2% zinc composition. It's the 1982-D "small date" Lincoln Memorial cent made from copper. There wasn't supposed to be any "small date" bronze Lincoln cents struck in Denver in 1982.

How much are pre 1982 pennies worth?

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. AUDIE CORNISH, HOST: Every year, the U.S. government loses money minting pennies.

What year 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.

How much is a 1982 copper penny worth?

1982 Copper pennies are composed of 95% copper, and 5% zinc. They each weigh 3.11 grams. The current copper melt value for each penny is about $0.02. The 1982 copper penny with no mint mark and the small date is worth around $2 in uncirculated condition with an MS 65 grade.

What are the odds of finding a 1943 copper penny?

There are perhaps as many as 200 million normal pennies currently in circulation, so your odds of finding one of the 30 or so potentially floating around out there are one in fifteen million. Due to its rarity, an actual 1943 copper penny is worth tens of thousands of dollars, if not more.

How much is a 1983 copper penny worth?

Most 1983 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 1983 penny with no mint mark and the 1983 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade.

Is a 1983 d penny worth anything?

The 1983 penny without any mark has a value of about $0.01 in a circulated condition. If there is a “D” mark on the 1983 penny, it is worth about $0.30 in an uncirculated condition.

Are old pennies worth anything?

For most pennies, those minted in recent years are worth, well, a penny. Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples (especially those in near perfect condition) can be worth much more.

Do banks have to take pennies?

Fortunately for private businesses, there is no federal law that mandates what type of currency a private business must accept. And according to one source, there are no states that have a blanket requirement that businesses must accept cash or coin.

Where can I change my coins for cash for free?

How do I cash a lot of pennies?

Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. Some banks like Wells Fargo will exchange rolled coins for noncustomers without a fee.