Affluent Savvy
Affluent Savvy
Photo: olia danilevich
It is a well known fact that pennies minted from 1982 and back are made of 95% copper. These copper pennies are not rare at all.
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Learn More »It is a well known fact that pennies minted from 1982 and back are made of 95% copper. These copper�pennies are not rare at all. When I coin roll hunt, I find LOTS of copper�pennies. Today we will dive into whether�to keep them or not. On first thought, you might think not because�copper is not worth much. But I am here to tell you otherwise. If we take a look at the web, it takes 10-11 copper�pennies to have a melt weight�of 1 OZ of copper. If you look at the price of copper per oz today, it is $0.27 per oz. If we take a look at coinflation (A PCGS app) the copper melt value for ONE COPPER PENNY is $0.03 So if I were to go to the bank and get ONE roll of�pennies and there are, lets say 10 copper�pennies in there. So 1/5 of the roll is copper. Then I have $0.30 And it cost me $0.10 So, as far as I can tell YOU should keep copper�pennies. BUT ITS NOT THAT SIMPLE! The�pennies do not have this copper value unless they are melted and refined. BUT YOU CANT JUST MELT A BUNCH OF PENNIES! The government won't�let you! Why, you might ask. Well, then there would be almost no�pennies in circulation. So why keep them? Well because, you WILL be able to melt them! Yep! But only when the U.S. Mint stops making�pennies. You might think, when is that? Well it is estimated to be in 2026. But some people don't�want to wait that long! So they think of ways to melt them NOW! Some think, hey why not just fly them out of the U.S. and melt the there? Well because, the U.S. will only let you bring so many�pennies out of the country. You might be asking how many? Well, the answer�is not enghouth to make the trip worth it. So, your best option is to keep those copper�pennies until�they get rid of the penny, and sell them then. It will be a nice way to make so money! It might seem not worth it now, but in 2026 you will smile upon the day you started to save copper�pennies! Thank you for reading, and good luck coin roll hunting! I am a kid, so the only coin denomination I can afford is�pennies! I have a BIG tub full of copper�pennies! Like 1,000's! So I will be SO glad when its 2026. Thanks for reading.
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Learn More »A penny from 1909 was the star of the show. It is, in fact, considered one of the rarest and most highly valued pennies in existence, made to celebrate the centennial of Abraham Lincoln's birth and inscribed with the initials of its designer, Victor D. Brenner.
According to Time Magazine, the cost to produce a single penny in the United States in 2009 was 1.4 cents. Since then, that cost has almost certainly increased—but to nowhere near the price achieved this week by the California-based Great Collections auction house, which sold ten rare 100-year-old rare pennies for a gargantuan $1.1 million. “The ten pennies were specially struck proof coins made for collectors by the United States Mint in Philadelphia in the early years of the Lincoln cents,” the auction house explained in a statement. “All are still in pristine, mint red condition and sold for a combined total of $1,113,174.” A penny from 1909 was the star of the show. It is, in fact, considered one of the rarest and most highly valued pennies in existence, made to celebrate the centennial of Abraham Lincoln’s birth and inscribed with the initials of its designer, Victor D. Brenner. It sold for $365,000. Four other pennies from 1909 and 1915 each sold for more than $100,000 each, the auction house said. Though its recently experienced a slowdown, the market for rare coins and currency, a.k.a. numismatics, has been on something of a tear in recent years. In June 2021, a1933 Double Eagle formerly owned by shoe designer Stuart Weitzman sold for $18.9 million at Sotheby’s, setting a world record for a coin.
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