Quick Answer: What Year Pennies Have The Most Copper?

What is the rarest wheat penny?

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….

How many copper pennies does it take to make a pound?

145 copper penniesNew, unused or uncirculated copper cents weigh about 3.11 grams each or about 145 copper pennies per pound. New zinc cents are much lighter and weigh only 2.5 grams each yielding about 180 zinc pennies in a pound. And there are about 80 uncirculated quarters in a pound.

How much is a copper penny worth today?

The amount of copper in a penny is (95% of 3.11 grams) \approx 2.95 grams.

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 pre 1982 pennies worth saving?

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.)

Are wheat pennies worth saving?

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. … And pennies dated from 1879 to 1909 are worth at least $1.

How much is a pre 1982 penny worth in copper?

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.

Why can’t copper pennies melt?

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 copper is in a modern penny?

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.

What year Penny has the most copper?

The highest amount paid for a 1943 copper cent was $82,500 in 1996. Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies.

Are old copper pennies worth anything?

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. Thus, the meltdown value of a pre-1982 penny was about 70% more than the face value.

When did they stop putting copper in pennies?

1982But the Mint also struck a limited number of copper pennies. Read more about this rare penny in “What’s So Special about the 1943 Copper Penny.” In 1962 tin was eliminated, and in 1982 the penny became primarily zinc with only 2.5% copper.

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.

Is a 1964 penny worth anything?

CoinTrackers.com has estimated the 1964 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $12.

How much is a 1982 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.

What pennies have more copper?

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.

How much is a 1964 copper penny worth?

1964 Penny Values – Most 1964 pennies are worth 2 cents.

Can I sell copper pennies?

Many estimate that each copper penny is worth about one and a half cents, though this fluctuates every day with the market value of copper. However, melting these pennies down is illegal, meaning that they are not viable for scrapping at this time.