Quick Answer: Can I Sell Copper Pennies?

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..

What is the rarest Kennedy half dollar?

1964 SMS Kennedy half dollarThe 1964 SMS Kennedy half dollar is one of the most elusive modern United States coins and is by far the rarest non-error, non-die variety Kennedy half. Mystique shrouds the existence of 1964 SMS Kennedy half dollars, of which there are just 12 known examples.

How much are Kennedy half dollars worth?

These coins remained popular and out of circulation. Half dollars from this era generally have a value of about $2 – $10 dollars depending on condition. There are standout Kennedy half dollars that are worth much more, of course.

Are copper pennies worth saving?

Copper Pennies Are Worth More Than Face Value In general, all pennies made before 1982 have a composition of 95% copper and 5% tin and zinc – with the exception that during some of those years, there was no tin in the alloy. Also, there was the steel 1943 Lincoln cent (and 1944 steel pennies, which were made in error).

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 1999 close Am penny worth?

USA Coin Book Estimated Value of 1999-S Lincoln Memorial Penny (Close AM Variety) (Proof Coin) is Worth $87 or more.

How much is a 2000 penny worth?

CoinTrackers.com has estimated the 2000 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $1.

Are pennies made of 100% copper?

A penny is not what you think. Indeed, from 1793 to 1837, a cent was pure copper. But newer pennies are made mostly of zinc. … The cent was again bronze (95 percent copper, and five percent tin and zinc) from 1864 to 1962, except: In 1943, the coin’s composition was changed to zinc-coated steel.

How much is a 1998 close Am penny worth?

USA Coin Book Estimated Value of 1998-S Lincoln Memorial Penny (Close AM Variety) (Proof Coin) is Worth $507 or more.

How much is copper in a penny worth?

A copper penny is worth more than other pennies — now mostly made of zinc — currently priced at $0.024. “The copper has such a different sound than zinc pennies do,” Henry said.

How can I sell my pennies?

Let’s look at the 3 main ways to sell your coins.1.) Sell to a Coin Shop – Now the coin dealer is going to buy them for less than they are worth, and this is normal. … 2.) Physical Auction – You may want to find an auction and see if the auction house is interested in listing your collection. … 3.)

Are pennies before 1982 worth more?

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. So a penny produced before 1982 is worth 2.2 cents based on the metal it contains.

What year pennies are pure copper?

History of compositionYearsMaterialWeight (grams)1944–1946gilding metal (95% copper, 5% zinc)3.111947–1962bronze (95% copper, 5% tin and zinc)3.111962–1982gilding metal (95% copper, 5% zinc)3.111982–presentcopper-plated zinc (97.5% zinc, 2.5% copper)2.55 more rows

Why do parents put pennies on bottom of shoes?

The trick is called “Pennies for Entertainment” and it involves sticking a few pennies to their shoes to keep them occupied, especially if they’re prone to be restless. … This will also be like a puzzle for them and it will also ensure they put the right shoe on each foot without your help.

How much are wheat pennies worth?

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. Indian Head pennies from 1859 to 1879 are generally worth more than $10.

Is a 1942 penny rare?

Having said that, collectors are really only interested in older versions of the coin, like the 1942 Lincoln. These pennies are collectible not only because of their age and historical significance, but because they are rare and growing rarer by the day.

Are all 1943 copper pennies accounted for?

Approximately 40 1943 copper–alloy cents are known to remain in existence. Coin experts speculate that they were struck by accident when copper–alloy 1–cent blanks remained in the press hopper when production began on the new steel pennies.

How much is a 1983 d penny worth?

USA Coin Book Estimated Value of 1983-D Lincoln Memorial Penny is Worth $0.32 or more in Uncirculated (MS+) Mint Condition.

Should I hoard copper pennies?

1. 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.)

Which Pennies are worth saving?

25 Most Valuable US Pennies1.) 1944 Steel Wheat Penny – Worth $110,334.2.) 1943 Copper Wheat Penny – Worth $85,782.3.) 1873 Indian Head Penny – Worth $10,000.4.) 1914 D Wheat Penny – Worth $5,500.5.) 1922 D Wheat Penny – Worth $5,000.6.) 1877 Indian Head Penny – Worth $3,200.7.) 1926 Wheat Penny – Worth $3,000.8.)More items…

Should I clean my wheat pennies?

Removing corrosion from foreign coins, Morgan dollars, wheat pennies, and other valuables is a delicate, risky proposition. Again, we do not recommend cleaning rare coins if you are looking to sell them since cleaning such precious items devalues them.