What do coin dealers pay for wheat pennies?

Any wheat penny is worth at least four cents to most dealers. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins.

How do I sell my wheat pennies?

Selling Wheat Pennies to dealers often takes place in person. Old wheat pennies are heavy, a roll of 50 coins is expensive to send through the mail. Finding a local dealer to meet at either their shop or at a coin show is economical.

What wheat pennies are collectors looking for?

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 10 lbs of copper pennies worth?

One modern US penny weighs 0.088 ounces. That means it would take approximately 1,818 pennies to weigh 10 pounds, which would be worth 18 dollars and 18 cents.

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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.

Is it worth hoarding copper pennies?

You want to focus on hoarding pre-1982 U.S. pennies, which contain 95% copper content, making the coin at least twice as valuable as its 1 cent face value. (Post-1982 pennies are not worth collecting, as they contain only 2.5% copper content -- the rest is zinc.)

Is a 1945 wheat penny worth a million dollars?

1945 Wheat Penny Worth a Million Dollars

The value of a 1945 wheat penny depends on its condition and whether it's the rare “steel” variety. A well-circulated coin could be worth only a few cents, while a pristine steel penny could fetch up to $85,000.

Is a 1944 wheat penny worth anything?

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.

How much is a 1945 wheat penny worth today?

USA Coin Book Estimated Value of 1945 Lincoln Wheat Penny is Worth $0.05 in Average Condition and can be Worth $0.96 to $2.28 or more in Uncirculated (MS+) Mint Condition.

What year is the most sought after wheat penny?

Considered to be the most valuable of the non-error Wheat Pennies, the 1914 D Wheat Penny commands an asking price range from $281 to $4,268.

Why is 1944 wheat penny rare?

The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.

How much is a 1943 steel wheat penny worth?

The value of a 1943 steel penny depends largely on its condition, but even a 1943, 1943-S, and 1943-D are normally only worth a couple of dollars in very fine condition at the least, they are worth between 10-15 cents.

How much can I sell a wheat penny for?

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.

Should you clean old wheat pennies?

According to coin experts, cleaning any potentially collectible coins might cause them to lose value. Using chemical cleaners or scrubbing the coins could leave scratches and marks that will be easy for a skilled appraiser to pick up on.

What are the five most valuable wheat pennies?

Is a 1943 D wheat penny worth anything?

1943 D Wheat Penny Value

According to the NGC Price Guide, as of February 2023, a Wheat Penny from 1943 in circulated condition is worth between $0.05 and $1.25. However, on the open market 1943 D Pennies in pristine, uncirculated condition sell for as much as $1900.

What wheat penny is worth thousands of dollars?

1931-S Wheat Penny

The 1931 S Wheat Cent was hoarded by many people so it's relatively easy to purchase uncirculated grades of this coin. As with most pennies, the ones designated "Red" fetch the highest prices. In 2021, an MS66+RD graded coins (pictured left) sold for $18,600.00!

What makes a 1942 wheat penny rare?

Why is the 1942 Wheat Penny so Valuable? 1942 is a landmark year because copper and nickel were in high demand for the war effort. So this is the last year before War Pennies. War pennies were steel coated with zinc, and were only used for a year.

Why is a 1941 wheat penny worth so much?

1941 represents the 6th highest mintage from Philadelphia mint. 887,093,100 wheat pennies struck. These are Abundant on the rarity scale; initial production provided a huge quantity to circulation. In searching for higher value, look to the reverse side of the coin.

Is it worth collecting wheat pennies?

“There are millions and millions of wheat pennies and most commonly they trade for three-to-five cents a piece. If you're looking for a particular date, it can be much, much more than that. The rarest is the 1909 VDB. Those can be worth anywhere from $700 to $1,500 depending on the coin's grade.

Is picking up a penny worth your time?

To put it simply, picking up just one penny or one coin would not impact your life in any way – whether you are Bill Gates or not. On the other hand, watching out for spare change and collecting it over a period of time will surely help you save small amounts of money – sans the need of putting in any effort.

What pennies should I keep?

Why is the 1983 penny worth so much?

According to CNBC's Make It, the US made 7.7 billion pennies in 1983, but only about 5,000 are known to have this doubling error — making them valuable to those who find one in their possession.

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.