What is a good luck penny?

Some people believe it's only good luck to pick up a penny if heads is showing. A penny with the tails side up should be turned over for another person to find. On the other hand, many people believe any penny you find is good luck. You may hear people repeat a common rhyme to this effect: “Find a penny, pick it up.

wonderopolis.org - Are Pennies Lucky? - Wonderopolis

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Today’s Wonder of the Day was inspired by rishi from Clive, IA. rishi Wonders, “ Are pennies lucky? ” Thanks for WONDERing with us, rishi! There you are, walking along the street and minding your own business. You’re deep in thought about the kinds of thoughts kids usually think about: school, homework, practice, and friends. You’re not paying much attention to where you’re going. Your head is down and your eyes are focused on the pavement.

Suddenly, a slight gleam catches your eye. What’s that? It’s a penny! Should you pick it up? Before you decide, you first lean down to get a closer look. Is it heads up? Or is it tails up?

Some people believe it’s only good luck to pick up a penny if heads is showing. A penny with the tails side up should be turned over for another person to find. On the other hand, many people believe any penny you find is good luck. You may hear people repeat a common rhyme to this effect: “Find a penny, pick it up. All day long, you’ll have good luck.”

What do you think? Do you believe in either of these superstitions? Do you know anyone who does? Have you ever had a friend or family member tell you not to pick up a penny if tails is showing? How did these beliefs get started?

Long ago, many ancient people believed that metals were gifts from the gods. This included copper that was used to make pennies. They thought that these metals were given to them by the gods for their protection. If you found metal, you should definitely pick it up, since it would protect you and bring you good luck. This is probably where the belief that finding a penny is lucky came from. Of course, pennies also have value. People probably also believed that finding a penny was lucky because it increased your wealth, even if only by one cent! Long ago, people also believed that there was a constant battle between the forces of good and evil. Things were often viewed in one of two ways: either good or bad. Thus, one side of a coin (heads) came to be associated with good, which meant that the other side (tails) must be evil or unlucky. Of course, many people pick up tails-up pennies every day without being befallen with bad luck. Still, this belief continues to persist. For fun, try putting a penny tails-up on the sidewalk and see how many people will walk by it without picking it up! The idea that pennies bring luck carried over into other traditions. For example, there’s a saying that many brides know: “Something old, something new, something borrowed, something blue, and a lucky penny in the shoe.” These are supposedly the things a bride needs to wear to make sure good luck shines on her wedding and marriage. In the future, pennies may continue to be lucky if only because they’re rare and not used any more. Today, a penny is still worth one hundredth of one dollar. But one cent doesn’t buy you much these days. In fact, some people claim that the cost of producing, handling and counting penny coins costs more than they’re worth.

This has led some countries to stop making pennies altogether. Australia and New Zealand, have already made this change (pun totally intended!). Could the United States be next?

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Why is a 1982 penny worth $10000?

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.

nbc12.com - 1909-1982 pennies worth more - NBC12

RICHMOND, VA (WWBT) – Our parents taught us the value of saving our change. The coins add up, but some are more valuable than others. "The price of copper moved up so much during the late 70's, they no longer could afford to use copper as the main base metal," said Ron Mirr, Owner of Liberty Coins. 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. In 2007, the U.S. Mint implemented outlawed melting down pennies for profit. The fear -- a coin shortage, and the cost to replace those coins. Last year, the U.S. Mint made more than 4 billion pennies, each one costing 2.4 cents to create. "Because of the price of base metals getting more expensive, I could see them eventually probably doing away with the penny," Mirr added. There is a small market for pre 1982 pennies. On eBay, a lot of 5000 pennies has a face value of $50, but it will sell for $60. "The coins before 1982 in uncirculated rolls, they'll probably see in 15 or 20 years, those rolls could double or triple in value," Mirr said. A few buyers are holding out hope that the U.S. Mint will one day get rid of the penny and their collection will pay off.

Copyright 2012 WWBT NBC12. All rights reserved.

Info from www.coinflation.com.

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