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Published: Feb. Share on Facebook. Email This Link. The penny is basically worthless. It costs the U. It takes most of us more than two seconds to fumble around with change or pick a penny off the ground, which explains why there are so many pennies on the ground. You should keep all pre pennies. If you can distinguish between brass and zinc pennies, keep the brass ones. All wheat pennies are worth keeping. Most wheat cents wheat pennies were minted between and 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. To help you combat the penny problem, here are some strategies for spending them, plus ways to put them to creative use.
Newly found D Small date copper cent. The Mint switched over from striking copper-alloy to copper-plated zinc planchets sometime in mid as a cost saving measure — the copper-alloy planchets were too expensive to strike and the Mint was losing money. So for the past 30 years, pennies have been made with an alloy comprised of The price of copper has more than quadrupled over the past 10 years.
Unfortunately, many of the things that appear to be errors to new collectors are just forms of post-mint damage and thus add no value to the coin. Stanton Whitman Publishing, There wasn't supposed to be any "small date" bronze Lincoln cents struck in Denver in Leftover copper planchets struck with the new "Small Date" dies meant for zinc coins caused this error coin rarity.
This is technically a "wrong planchet error," even though both types of blanks were meant for Lincoln cents. Most pennies are worth only face value if worn. Ironically, the most valuable Lincoln cent ever sold is worth much more than even that. The seven-figure sale of this rare coin made headlines all around the world. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage.
Don't be the last to know about the latest deals and new product arrivals. Join us today for FREE! Sign in or register. Buy Gold. Australian Gold Coins. Develop and improve products. List of Partners vendors. Warning Only use the drop test on circulating pennies where you are sorting copper and zinc for the bullion value only.
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