Is it worth hoarding copper pennies?

A pre-1982 penny has about 2 cents worth of copper in it. Some people hoard them, betting that the U.S. will kill the penny and then it will be legal to melt them down and they can make a killing. AUDIE CORNISH, HOST: Every year, the U.S. government loses money minting pennies.

What copper penny is worth $1000000?

Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat cent on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc. However, some bronze planchets left over from 1942 slipped into the production process.

How much is a 1943 copper penny worth 2020?

While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000.

Where can I sell old copper pennies?

1. Sell them on Craigslist or Ebay. Many people are hoarding these old pennies in bulk.

Is it smart to save copper pennies?

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!

Are copper pennies worth more?

A copper penny is worth more than other pennies — now mostly made of zinc — currently priced at $0.024. “The copper has such a different sound than zinc pennies do,” Henry said.

Which penny is worth a million dollars?

1943 Bronze Lincoln “The most valuable Lincoln cent sold privately in 2010 for $1.7 million,” said Stone. In order to preserve copper for the war effort, the U.S. Mint switched to making pennies from zinc-coated steel planchets, instead of the usual bronze coin blanks, Stone explained.

How much is a 1942 copper penny worth?

CoinTrackers.com has estimated the 1942 Wheat Penny value at an average of 35 cents, one in certified mint state (MS+) could be worth $3.

How much are copper pennies worth today?

But it’s not just any and all pennies, Henry is only interested in those that are dated from 1982 and earlier because those are the coins made with 95 percent copper. A copper penny is worth more than other pennies — now mostly made of zinc — currently priced at $0.024.