Affluent Savvy
Affluent Savvy
Photo: cottonbro studio
Why should I save Copper Alloy cents/pennies? Some 1982 and all prior years are made with 95% copper. With copper at historic high prices, each of these coins are worth much more in actual metal content, than their face value.
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Learn More »Just a note to start …Keep in mind that in the US and Canada, though they are commonly called pennies, they are technically called the One Cent Coins. I’m sure I will mix the terminology up, but believe me… some coin aficionado will correct you if you call a one cent coin a penny. Anticipating a rise in copper prices, in 1982 the US changed the composition of the one cent coin, from an alloy of 95% copper with the balance being zinc, to a zinc based coin with a thin coating of copper. The old coin weighed 3.1g each, and the new one 2.5g. It takes about 150 pre 83 "copper alloy" coins to equal a pound of copper. So for each pound of copper based cents/pennies, you are actually getting (at today’s prices) over 4 dollars of copper base metal. Not a bad bet, considering the downside risk is limited to the face value of the coins you keep. Keep in mind it is currently illegal to destroy the US Cent or Nickel coins due to a melt ban rule passed in 2007. Most people are sorting, reselling, or simply keeping them as a hedge against inflation, with the intent to someday cash in on their investment. In Canada, cents were made with copper through 1996, so the same opportunity is also available. In general it takes more copper coins in Canada to equal one pound due to the light weight coins from 1982 to 1992 (the 12 sided coin). Canadian copper pennies have a higher copper content at 98%, the balance being zinc and tin.
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Learn More »In 2009, the U.S. Mint made four special penny designs to celebrate Abraham Lincoln's 200th birthday. It was also the 100th anniversary of the Lincoln penny, which the Mint first made in 1909. The image of Lincoln remained on the obverse (heads) of all four cents in the new program.
In 2009, the U.S. Mint made four special penny designs to celebrate Abraham Lincoln’s 200th birthday. It was also the 100th anniversary of the Lincoln penny, which the Mint first made in 1909. The image of Lincoln remained on the obverse (heads) of all four cents in the new program. The reverse (tails) included four different designs from important phases of Lincoln’s life, from his birth all the way to when he was president. After the program ended, the reverse of the penny changed to the current “Union Shield” design. It represents the unity of the states, which President Lincoln worked so hard to restore and preserve. To learn more about these pennies, visit the Lincoln Bicentennial One Cent Program page on the U.S. Mint website.
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For pennies dated 1982, when both copper and zinc cents were made, and best way to determine their composition is to weigh them. Solid copper...
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