How much is a copper penny worth today?

$0.0266513 is the melt value for the 1909-1982 copper cent on February 17, 2023.

Is it worth keeping copper pennies?

It turns out all pennies with a date of 1981 or earlier were made from nearly pure copper, which means they are actually worth three times their face value - three cents.

How much is copper in penny worth?

From 1864 up until 1982 (with the notable exception of 1943), US one-cent coins (“pennies”) were 95% copper, with the remaining 5% being tin and/or zinc. The current (31 Aug 2019) spot price for copper gives these pennies a melt (bullion) value of 1.7¢ (or $0.01.

Is a 1943 copper penny worth anything?

The Rare 1943 Penny

If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! The reason is that the 1943 copper penny is an error coin. The United States Mint accidentally used the wrong planchet metal when striking the coin.

Why is a 1982 penny worth $10000?

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.

How to Make Money Collecting Copper Pennies

Is a copper penny rare?

It is a well known fact that pennies minted from 1982 and back are made of 95% copper. These copper pennies are not rare at all.

What is the rarest penny?

How many 1943 copper pennies have been found?

Nearly all circulating pennies at that time were struck in zinc–coated steel because copper and nickel were needed for the Allied war effort. Approximately 40 1943 copper–alloy cents are known to remain in existence.

What is a 1944 wheat penny worth?

1944 STEEL Wheat Penny Value

According to the NGC Price Guide, as of February 2023, a Wheat Penny from 1944 in circulated condition is worth between $7500 and $33500. However, on the open market 1944 STEEL Pennies in pristine, uncirculated condition sell for as much as $200000.

Can I sell my copper pennies?

Not only is it illegal to scrap copper pennies or any US currency but it can come with a costly fine and a visit to prison. Many times scrap yards are asked by people if they take pennies or other coins for scrap.

Can you melt pennies and sell the copper?

Pennies and nickels contain copper, zinc, and other metals that are of great monetary value. It is because of this that melting down these metals for the sole intention of selling to offshore or local metal scraping industries is illegal.

Is a 1943 copper penny worth $1.7 million?

How Much Is A 1943 Copper Cent Worth? It's quite literally the million-dollar question! The all-time record price for a 1943 bronze cent is $1.7 million. This price was paid for the only known example of a 1943-D copper penny graded MS64BN by Professional Coin Grading Service.

Where can I sell pennies worth money?

The obvious place to sell your old coins is your local coin shop. They will be your best bet for selling low- to mid-range old coins like Wheat cents, Buffalo nickels, junk silver, and scarce silver coins and silver dollars.

What years of pennies are worth money?

How much can I sell my 1943 steel penny for?

The 1943 Steel Penny without a Mint Mark

The coin can sell for around 0.15 USD when in a good state. Expect the value to rise to 0.35 USD in fine grade, 0.48 USD in extremely fine form, and sell at 1.50 USD in the uncirculated grade.

How much is a 1943 D steel penny worth?

How Much Is a 1943-D Steel Penny Worth? The 1943-D/D steel penny with a re-punched mintmark is highly sought after as it fetches $100 for fine-40 up to $400 for mint state-63 variety. Though the mintage figure is unknown, estimates show about 3,000-5,000 may exist across the grades.

Is a 1944 copper penny rare?

The 1944 Wheat Penny is a highly sought-after coin among collectors due to its historical significance and rarity. This coin's value can vary greatly depending on factors such as condition, mint mark, and rarity. Coins without a mint mark are considered the most valuable, as they were produced at the Philadelphia Mint.

What year penny is worth $1000000?

Here's a rare 1943 Lincoln penny: The coin was mistakenly struck in bronze rather than zinc-coated steel, one has just sold for $1 million.

What penny is $1000000?

Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat cent on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc. However, some bronze planchets left over from 1942 slipped into the production process.

Which penny is worth a million dollars?

Why Is the 1943 Penny Worth $1 000 000? The 1943 penny is worth $1 000 000 because it is not made of steel. In 1943, the US Mint switched from copper to steel to make pennies. However, the mints accidentally made a few pennies with bronze planchets instead of steel planchets coated with zinc.

How much is a 1943 one cent penny worth?

A 1943 wheat penny with no mint mark, Philadelphia mint, is the most common of the 1943 pennies and is worth around 15 cents in average condition and up to a few dollars for nongraded coins in fine condition.

How much copper is in a penny 2022?

The penny is composed of 97.5% zinc and 2.5% copper.

What penny is worth 2300 dollars?

The coin is a 1999 Lincoln penny and if you flip it over to the backside, look at the AMERICA in the UNITED STATES OF AMERICA. More specifically, the A and the M letters. If they are not touching, it's called a wide AM and this error could be worth some major money as one sold for $2,300.

How do I know if my 1943 penny is rare?

The easiest way to determine whether or not your 1943 Cent has collectible value—to see if it is possibly bronze rather than steel—is simply to test it with a magnet. If the coin is magnetic, then it is, unfortunately, the common steel version and is not valuable in most cases.