Why is the 1943 copper penny so valuable?
After the war ended, the Mint began to produce copper pennies again. However, in 1943, the Mint produced a few copper pennies. One possible reason for this is because the copper plates were accidentally left in a few machines. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more.
How much is a copper penny worth?
4 It contains about 2.95 grams of copper, and there are 453.59 grams in a pound. 5 The price of copper on Dec. 10, 2019, was $2.75 a pound. 6 That meant the copper in each penny was worth about 1.7 cents.
Are copper pennies worth saving?
Copper Pennies Are NOT 100% Copper! It wasn’t until 1982 that pennies started getting minted with 97.5% zinc. (Surprisingly, there are many people in the US that don’t know that the modern day penny is zinc. ) Copper Pennies Are NOT Worth Copper Spot Price!
Are 1980 pennies copper?
Most 1980 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.
How many 1943 copper pennies have been found?
Today, a total of 27 1943 copper wheat pennies are confirmed to exist and have been graded–including six of the 1943 -S, as well as the unique 1943 -D.
What year is a penny worth 1 million dollars?
In September 2012, Legend Numismatics of Lincroft, New Jersey has announced that collector Bob R. 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.
Are there any 1983 copper pennies?
It’s true — there’s a rare 1983 copper penny (specifically, a 1983 -D penny ) that’s worth $15,000. It’s a coin that many numismatic experts (those who study coins) still don’t fully understand — because it’s unlike any other copper penny the United States Mint has ever made.
When did they stop putting copper in pennies?
The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc). Cents of both compositions appeared in that year. The penny’s original design was suggested by Ben Franklin.
Can you melt pennies and sell the copper?
Copper pennies are worth more than others, but its illegal to melt pennies. Some penny obsessives believe the key to big money is in the copper coin. “The copper has such a different sound than zinc pennies do,” Henry said.
Should I hoard 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.)
Should I keep old pennies?
You should keep all pre-1982 pennies. If you can distinguish between 1982 brass and zinc pennies, keep the brass ones. All wheat pennies are worth keeping. Keep all pennies (even recent ones) that appear to have something “off” about them — they may be error or die variety coins.
How much is a 1982 copper penny worth?
The average circulated 1982 penny is worth 2 cents or less — so most people don’t think of these old pennies as having much value. If you’re diligent, you might find a 1982-D Small Date copper penny or another valuable error coin like it.
Is a 1980 d penny worth anything?
CoinTrackers.com has estimated the 1980 D Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $9.
How much is a 1983 copper penny worth?
It’s true — there’s a rare 1983 copper penny (specifically, a 1983-D penny) that’s worth $15,000. It’s a coin that many numismatic experts (those who study coins) still don’t fully understand — because it’s unlike any other copper penny the United States Mint has ever made.
Is a 1980 penny rare?
In certified holders, the market for 1980 Lincoln cents is radically different. Abundant in grades as high as MS66, the 1980 Lincoln cent only becomes conditionally scarce in grades MS67 and above.