Quick Answer: How Much Is The Copper In A Penny Worth?

How much is a copper penny worth today?

In 1864, after the Civil War, the design changed again with a 95% copper 5% zinc make-up.

Finally, in 1982, the coin would evolve into its modern form of only 5% copper and 95% zinc.

The modern penny has the least amount of copper with a small 2.5% copper plating and a 97.5% zinc base.

So now, you know!.

How much is a 1943s copper penny worth?

USA Coin Book Estimated Value of 1943-S Lincoln Wheat Penny (Bronze/Copper Variety) is Worth $234,315 in Average Condition and can be Worth $551,590 or more in Uncirculated (MS+) Mint Condition.

Why is a 1943 penny so valuable?

About 40 copper pennies were struck in 1943. 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.

Will copper pennies ever be worth anything?

Some penny obsessives believe the key to big money is in the copper coin. Dec. … 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.

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…

What is the rarest Penny year?

The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all.

Are wheat pennies worth saving?

All Wheat Pennies are worth more than their face value of . 01 cent. A good rule of thumb is that they are worth at least 3 or 4 cents even in poor condition, but those in good condition (not including special years) are worth at least double digit dollars ($10 or more) when purchased or sold in MS-63 condition.

Can I melt down pennies and sell the copper?

As a result, with only a few wartime exceptions, any penny from 1981 or earlier — and some made in 1982 — have a high copper content. At current copper prices, the melt value of older pennies is well over two cents. Melt values are theoretical because actually melting down pennies is illegal.

How much is the metal in a penny worth?

DescriptionDenominationMetal Value1909-1982 Cent (95% copper) *$0.01$0.02490581946-2012 Nickel$0.05$0.05608291982-2012 Cent (97.5% zinc) *$0.01$0.00548781965-2012 Dime$0.10$0.02106137 more rows•Feb 23, 2012

How many copper 1943 pennies have been found?

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 do I know if my 1983 penny is 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.

Is a 1977 penny worth anything?

CoinTrackers.com has estimated the 1977 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $8.