What Is The Melt Value Of A Copper Penny?

What year pennies are pure copper?

1982The 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..

Can I sell copper pennies?

DO NOT pay a premium for copper pennies, unless the coins have value for some other reason (such as rarity or collectability). DO NOT attempt to sell pennies to a scrap metal recycler. DO NOT melt pennies down yourself and try to sell the resultant material to a scrap recycler.

What pennies have the most 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.

What is the most expensive penny?

Lincoln pennyThe most expensive penny that has ever been sold at auction is a 1943-D Lincoln penny that had been struck on a bronze planchet. The penny was in uncirculated condition. It was sold in a private sale in September of 2010 and it went for an unbelievable price of $1,700,000 through Legend Numismatics.

Can I melt down pennies and sell the copper?

Effective today, the U.S. Mint has implemented an interim rule that makes it illegal to melt nickels and pennies, or to export them in mass quantities. With the soaring price of copper, a melted-down penny or nickel is now worth more than it would be in its regular state at face value.

How much is a 1964 copper penny worth?

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. (see details)…

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

There are approximately 145 copper pennies in a pound. There are approximately 181 copper plated zinc pennies in a pound.

Is it illegal to use pennies to make a floor?

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). It is immaterial whether the usage damages the pennies; it is perfectly legal to damage coins.

What is the melt value of copper pennies?

U.S. Pennies minted after 1982 consist of 97.5% zinc. Both 95% copper & 97.5% zinc cents were minted in 1982. The copper cent weighs 3.11 grams. The zinc cent weighs 2.5 grams….Intrinsic Penny Value Based on Current Copper Price.Price Spread:%Amount of Wear:%

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.

Are pre 1982 pennies worth anything?

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.

How much is a melted penny worth?

But pennies produced in the US between 1909 and 1982 fall in to a different category: at 95% copper and 5% zinc, the metal “melt” value (at current prices) is 247% of its denominational marketplace value of one-cent. For the copper alone, at $3.72 per pound, the intrinsic value is about 2.5-cents.

Is it worth saving copper pennies?

Coin hoarders insist that their efforts in saving copper pennies now will be worth it when the time comes that they can legally melt their pennies. Many of these individuals are already selling their copper penny troves to other hoarders for $1 or more per roll of 50 pennies.

What 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…

How much is a zinc penny worth?

Common 1943 Steel Penny ValuesDate & MintCirculatedBuySell1943 Zinc$0.10$0.061943-D Zinc$0.13$0.091943-S Zinc$0.18$0.12Mar 30, 2020