Question: Are Copper Pennies Worth Saving?

What year pennies are worth keeping?

1982You 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..

Are there any 1983 copper pennies?

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.

Why is it illegal to melt coins?

Can You Melt Pennies and Nickels? Because of the rising price of nickel and copper that began in 2005, the United States passed a law that made it illegal to melt pennies and nickels for their metal content. … Replacing these coins would be an enormous cost to taxpayers.”

How much is a 1982 copper penny worth?

“The Philly small-date zinc cents bring the most money – they’re the toughest, and I’d pay $30 per (50-coin) roll for those in uncirculated. The copper small-date cents are also tough, but they’re not worth as much.” He says rolls of all the other 1982 cent varieties are worth $2-4 in uncirculated grades.

How much is a 1983 penny worth in 2020?

Specifically: At least $15 to $20 in well-worn circulated grades. $250+ in uncirculated condition.

What year Pennies are copper?

1982In mid-1982, the coin’s composition was changed again, this time to copper-plated zinc. The last mostly-copper cents (95% copper metal composition) were produced by the Denver Mint on October 22, 1982. The copper-plated zinc cent coins are still being produced today.

What makes a 1964 D penny rare?

We’ll talk more about this in a minute and explain why some of these rare pennies are worth so much: … 1964-D penny (Denver) – 3,799,071,500 (about 3.8 billion) minted; 10 to 25+ cents. 1964 proof penny – 3,950,762 minted; $1+ 1964 SMS penny (special mint set) – approximately 30 estimated to be minted; $5,000+

What can you do with old pennies?

To help you combat the penny problem, here are some strategies for spending them, plus ways to put them to creative use.DEPOSIT THEM AT THE BANK. … TAKE THEM TO A COINSTAR MACHINE. … MAKE A COLD COMPRESS. … CREATE DIY DRAPERY WEIGHTS. … SEPARATE THEM INTO DENOMINATIONS BEFOREHAND TO MAKE SHOPPING EASY. … DECORATE YOUR FLOORS …More items…•

Is it illegal to use pennies to make a floor?

Is it legal to make a floor or other project from pennies? It’s absolutely legal to use pennies as a building material, or indeed for any other purpose for which you could lawfully use a plain disc of copper-clad zinc (other than to melt them down to recover the metal therein).

How do I know if my 1983 penny is double die?

Value of 1983 Double Die Reverse Lincoln Memorial Cent The double die should be strong on all letters on the reverse of the coin. Particularly, look for it to appear on the “E Pluribus Unum.” Almost all coins will be found with raised finishing lines, but that should bot affect the price.

What is a 1982 small date copper penny worth?

Copper Alloy Penny Depicted above is the 95% copper composite 1982 Small Date Lincoln Memorial Cent (Penny). USA Coin Book Estimated Value of 1982 Lincoln Memorial Penny (Copper – Small Date Variety) is Worth $0.53 or more in Uncirculated (MS+) Mint Condition.

Can I melt down pennies and sell the copper?

FYI – It is illegal to melt pennies and sell the raw metal. One cent coins made after 1982 consisted of 97.5% zinc and 2.5% copper. … In an effort to thwart a melt off of pennies in 1982, the United States Mint made half of the pennies out of solid copper and the other half out of copper plated zinc.

Are pennies made of pure copper?

Most of our coins are metal sandwiches. The outside layers are three-quarters copper and one-quarter nickel, and the “filling” is solid copper. Pennies are made of zinc coated with copper. Only nickels are one solid material—that same 75% copper/25% nickel alloy.

Are there any valuable old pennies?

So before you say, “Keep the change,” check to see if you have any of these valuable pennies:1943 Bronze Lincoln. (Image: Heritage Auctions, HA.com) … 1969-S Doubled Die Obverse. … 1992 Close AM Reverse. … 1972 Doubled Die Obverse. … 1995 Doubled Die Obverse. … 1999 Wide AM Reverse. … 1983 Double Die Reverse.

How much is a 1983 copper penny worth?

This is because 1983 copper Lincoln Cents can be worth thousands of dollars each, even in circulated condition. Update 2017: For example, in 2013 a 1983 copper Lincoln Cent graded PCGS Mint State 62 Red-Brown sold for $23,500 through Heritage Auctions.

Why do pennies turn green?

A penny is made of copper. The vinegar on the paper towel helps the copper in the penny easily react with the oxygen in the air to form a blue-green colored compound called malachite.

How much is a penny worth in copper?

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.