If you’re looking to keep a few pennies as a keepsake or for their collectible value and potential future worth, 2020 is a great year to hold onto. Starting in 2020, the United States Mint began minting pennies with a single tail-side design: the Lincoln Union Shield.
This penny design is only available in 2020 and onward.
Generally, if you see a penny with a date prior to 1982, it should be worth saving. Pennies minted before 1982 are made of 95% copper, which can be valuable. Also, if you spot a penny with a date between 1909 and 1982, look closely, because some of these were also minted with a 95% copper composition.
Additionally, if you find a penny minted in any year that is out of the ordinary or has an error, those may be worth saving as well. For example, if you see a double-die penny or one with an off-center strike, those are valuable errors that should be saved and potentially sold to coin collectors.
To sum up, the best pennies to hold onto for potential value are pennies minted in 2020 for their unique design, pennies minted prior to 1982, and pennies with errors.
Why is a 1982 penny worth $10000?
A 1982 penny is worth $10000 because it is a rare misprint penny. This penny was not supposed to have been released, as the reverse side was intended for the 1983 penny. The misprint penny was released Mint error—meaning it slipped through the quality checks at the U.
S. Mint. This caused a limited number of misprinted 1982 penny coins to end up in circulation. Usually only a few hundred misprints are known to exist and they are extremely rare, making them highly desired and collectible.
The misprint 1982 penny can be differentiated from a regular 1982 penny because this misprint penny has a Small Date design instead of the Large Date design that was used in 1982. Not all misprinted 1982 pennies are worth $10000, as some are worth less depending on its condition and how many exist.
It is estimated that around 100 Small Date 1982 pennies exist and they can go for as much as $10000.
What year of pennies are worth keeping?
The value of a penny depends on its year of minting and condition, so there is no one answer to this question. Generally speaking, pennies from 1909 to 1958 are worth keeping for their value in the coin collecting world.
Pennies dated from 1959 to the present generally have little to no value to the collector, but carry some intrinsic value. Pennies from 1909 to 1958 typically have a Lincoln head on the obverse and a wheat stalk on the reverse.
Some rare exceptions exist, however, for example pennies from 1909 to 1914 featuring the Indian Head and 1909-S VDB (Victor D. Brenner) pennies. Pennies from 1909-1958 marked “S” or “D” are worth more due to their rarity, as they were minted in San Francisco and Denver, respectively.
Pennies dated prior to 1909 are typically fairly valuable, depending on the year and condition of the coin.
Are pre 1982 pennies worth saving?
Yes, pre 1982 pennies are worth saving since they are made from 95% copper, which gives them a higher intrinsic value than the pennies minted after 1982. Pennies made before 1982 have a value beyond their face value of one cent due to the rising price of copper.
Depending on the market price of copper, they can be worth up to two or three times their face value. The pre-1982 pennies are most notably worth saving to those who take a more active interest in coin collecting.
Collecting those coins is a unique way to invest in copper, considering their small size and relatively low price compared to copper commodities. Furthermore, pre-1982 coins are more sought-after than copper plated post-1982 pennies and may still contain significant enough copper for small-time melt and recast operations.
Why are 1982 pennies special?
1982 pennies are special because they were the first “copper” pennies released since 1857. Before 1982, pennies were mainly made of zinc, with a thin layer of copper coating. 1982 is also the first year in which the composition of the penny was officially changed from 95% copper to 98% zinc and 2.
5% copper. This change was due to the fact that the price of copper at the time was higher than the value of a penny. For this reason, it was decided that the penny should not be made totally of copper like it had been in the past.
In addition, 1982 was also the year in which the silhouette of the Lincoln Memorial was added to the coin, creating a stunning and recognizable design. All of these adjustments make 1982 pennies a special, historical coin that is a great addition to any coin collection.
What is the error on a 1982 copper penny?
The 1982 copper penny is a very rare error coin. These coins were erroneously struck at the Philadelphia Mint with a copper planchet instead of the more commonly used zinc planchet. The error was quickly caught and changed, resulting in only a few examples that exist today.
The most distinguishing feature of the 1982 copper penny is the presence of a copper-colored mint mark on the obverse side of the coin, an indicator that these coins were struck using copper planchets.
The 1982 copper penny is highly collectible, with some examples selling for as much as $10,000 or more. It is also among the most sought-after error coins due to its rarity and the significance of the error itself.
It serves as an interesting example of how quickly errors can be detected and changed, even in the age of the United States Mint.
What is special about the 1982 penny?
The 1982 penny is a valuable collectable coin due to its lower than normal mintage. This is because it is the only Lincoln penny to be minted with a 95% copper composition, with the remaining 5% being zinc.
All other Lincoln pennies since 1982 have been made with the more cost-efficient zinc and copper alloy, containing 97. 5% zinc with only 2. 5% copper. This copper content makes 1982 pennies especially sought after by coin collectors, and they are often sold for prices much higher than their face value.
Additionally, 1982 pennies feature a distinctive design element known as “confetti”, which is a series of raised dots on both sides of the coin. This unique feature was only seen on the 1982 penny and it adds to the popularity of the coin within the collector’s community.
How can you tell if a 1982 penny is a small date or a large date?
In order to determine whether a 1982 penny is a small date or a large date, you need to look closely at the 8 in the date. On the small date, the top loop of the 8 is narrower than the bottom loop, while on the large date, the top loop of the 8 is approximately the same size as the bottom loop.
Additionally, the 8 on the large date tends to lean to the right, while the 8 on the small date tends to lean to the left. It is also possible to distinguish the two coins by their mint mark, if one is present; the small date was primarily minted at the Philadelphia Mint and does not feature a mint mark, while the large date was primarily minted at the Denver Mint and features a “D” mint mark.
Finally, the small date has slightly thicker lettering than the large date, so examining the lettering on the 1982 penny can provide some additional insight.
What are the 15 most valuable pennies?
1. 1944 Copper Lincoln Wheat Penny
2. 1955 Double Die Lincoln Wheat Penny
3. 1943 Bronze Lincoln Wheat Penny
4. 1909-S V.D.B. Lincoln Wheat Penny
5. 1914-D Lincoln Wheat Penny
6. 1922 No D Lincoln Wheat Penny
7. 1909-S Lincoln Wheat Penny
8. 1909 Lincoln Wheat Penny
9. 1909-S Indian Head Cent
10. 1936 Dot Lincoln Wheat Penny
11. 1908-S Indian Head Penny
12. 1878 Indian Head Penny
13. 1939-D Lincoln Wheat Penny
14. 1909-S Indian Head Penny
15. 1914-S Lincoln Wheat Penny
The fifteen most valuable pennies are those listed above. The 1944 Copper Lincoln Wheat Penny is considered by many to be the most valuable. It features a double-die reverse, which makes it quite rare and highly sought after.
The 1955 Double Die Lincoln Wheat Penny is another sought-after rarity, with only a handful of examples known to exist. The 1943 Bronze Lincoln Wheat Penny is an incredibly collectible penny, and is highly desirable due to its widespread scarcity.
The 1909-S V. D. B. Lincoln Wheat Penny is one of the most valuable coins from the Lincoln Wheat series, and it commands a high price due to its relative rarity. The 1914-D Lincoln Wheat Penny is another sought-after rarity, with fewer than 5 million specimens known to exist.
The 1922 No D Lincoln Wheat Penny is an extremely rare coin, which results in a high price tag due to its rarity. The 1909-S Lincoln Wheat Penny is a key date coin, and only a small number of specimens exist.
The 1909 Lincoln Wheat Penny is a sought after coin due to its high quality, making it desirable to collectors. The 1909-S Indian Head Cent is a highly collectible lot due to its rarity, with only a few specimens known to exist.
The 1936 Dot Lincoln Wheat Penny is a rare variety that has a distinct dot beneath the last digit of the date. The 1908-S Indian Head Penny is another extremely rare coin, with only 15 to 24 coins known to exist.
The 1878 Indian Head Penny is another key date coin, and its scarcity leads to a high price tag. The 1939-D Lincoln Wheat Penny is also a heavily sought after coin, due to its relative rarity. The 1909-S Indian Head Penny is considered one of the most valuable coins from the series, and its rarity leads to a hefty price tag.
Finally, the 1914-S Lincoln Wheat Penny is a key date coin, and only a small number of specimens exist from this issue. These fifteen pennies are considered to be the most valuable, and command the highest prices among collectors.
What is the Holy Grail penny?
The Holy Grail penny is a nick name given to a rare 1943 copper Lincoln penny. In 1943, the U. S Mint struck billions of steel pennies due to a copper shortage caused by World War II. However, a handful of copper pennies were mistakenly made.
The exact number is unknown, though it is believed to be less than 20.
Since 1943, these coins have become extremely valuable, dubbed as the “Holy Grail” of coin collecting. The Lincoln penny is the most sought-after small cent, and the special 1943 scarcity has only made it more desirable.
The most famous example of a Holy Grail penny was sold to an anonymous Connecticut collector for the record price of $1,700,000 in 2010. It has since been certified by Professional Coin Grading Service as an AU-58, which is an extremely high grade for this 65-year-old coin.
As with any written about coin, caution is important. Fake 1943 copper pennies and counterfeits can be created easily, so it is vital for an expert to authenticate any suspected coins to determine its legitimacy before making any type of purchase.
What U.S. penny is rarest?
The 1969-S Lincoln Penny is widely considered to be the rarest U. S. penny. This penny was only minted in San Francisco, and the mint mark for San Francisco on this penny can be found on the reverse of the coin under the letters D and E of the word ONE.
The total mintage of this penny is believed to be only around 10,000 coins. This penny is highly sought after by coin collectors and is often sold for high prices due to its rarity.
How much is 1967 penny worth?
The value of a 1967 penny can vary greatly depending on the condition of the coin and if it carries any special markings or not. On average, a 1967 Lincoln penny in circulated condition is worth around 2 cents, while one in mint condition can fetch around 10 cents.
However, if certain variants exist, they can be worth more. Variety coins on the 1967 penny include those struck in double die, off center and assorted error coins. Double die coins are worth around $100 depending on the severity of the double die effect, while off center pennies can bring around $15-$20 depending on how far off center they are.
Lastly, assorted error coins can be worth anywhere from a few dollars to several hundred dollars depending on how seriously the error occurred. For example, some 1967 pennies struck with the wrong die can be worth upwards of $1,000.
How many dollars is 1000000 pennies?
One million pennies is equivalent to $10,000. To calculate this, simply multiply the number of pennies by the value of one penny. Since one penny is equal to 0. 01, $1 million pennies would be equal to 1000000 x 0.
01 = $10,000.
Are all pennies before 1982 worth more?
No, not all pennies before 1982 are worth more. The value of a penny depends on its condition and the year it was minted, with condition generally being a more important factor. Some pennies before 1982 can be worth more than face value, but the majority are not.
The pennies that are most valuable are those that are in uncirculated condition. Those with common dates but no wear or damage can be worth significantly more than their face value. Pennies minted before 1982 are made of copper and are often referred to as copper cents.
The copper pennies before 1982 aren’t worth a lot unless they are in mint condition. However, some coins from specific years may be worth more. For example, the 1909-S VDB penny can be worth hundreds of times its original value if it’s in uncirculated condition.
It is always best to have your coins professionally graded to determine their value.
What is the difference between pre 1982 pennies and post 1982 pennies?
Pre 1982 pennies were made from a copper alloy called bronze, which consists of 95% copper and 5% zinc. Post 1982 pennies are made from zinc, with a thin coat of copper to give it the same look and color.
Pre 1982 pennies weigh 3. 11 grams and post 1982 pennies weigh 2. 5 grams. Another difference is that pre 1982 pennies often last longer and are more valuable because they are made of a higher grade of metal and have a more distinct appearance.
Post 1982 pennies have a shorter lifespan due to their composition of zinc. Furthermore, pre 1982 pennies also have different features – the obverses have a more intricate design, and the reverses have a larger image of the Lincoln Memorial.