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You may be able to “sell” them to a bank at face value, but individual banks get to decide the terms under which they’ll accept them. Your best bet may be to offer them as “unsearched copper cents” to collectors, but for post 1958 coins I’m not sure there are a lot of buyers.
How much can you sell copper pennies for?
Yep, your $1.51 could yield $4.13 for the work of sorting through a few pennies and driving to the nearest scrap yard. 1. Since most of these copper pennies are only 95% copper (and 5% zinc), technically they are considered brass in recycling terms.
Where can I sell my pennies for money?
Best places to sell coins online CoinsForSale.com Only 5% to sell. No listing fee. Heritage Auctions 10% fee. Consignment program. Ebay 12.35% + $. 030 fee, plus listing fees. Apmex Well known. But won’t pay until after you’ve shipped your coins. Modern Coin Mart Won’t pay you until after you’ve sent them your coins.
How much is a pound of copper pennies worth?
4 It contains about 2.95 grams of copper, and there are 453.59 grams in a pound. 5 The price of copper on Dec. 10, 2019, was $2.75 a pound. 6 That meant the copper in each penny was worth about 1.7 cents.
Can I sell copper pennies for scrap?
Not only is it illegal to scrap copper pennies or any US currency but it can come with a costly fine and a visit to prison. While occasionally scrap yards “accept” coins as scrap, it is completely illegal in the US and both parties can be arrested for it.
Does anybody buy copper pennies?
There is not a single refinery in the world that will buy copper pennies for copper spot price. Not one. Buying/selling copper pennies at spot price (or even close to it) is like buying 18k gold at gold spot price.
How much are 2020 pennies worth?
Most 2020 pennies in circulated condition are only worth their face value of $0.01. These coins can only sell for a premium in uncirculated condition. The 2020 penny with no mint mark and the 2020 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade.
What is a 2021 copper penny worth?
Lincoln cents have a composition of 2.5% copper with the balance zinc. Five-cent coins are minted in 25% nickel with the balance copper. Dimes, quarters, and half dollars are each composed in 8.33% nickel with their balance copper.
How much are pre 1982 pennies worth?
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.
What are the 15 most valuable pennies?
15 Most Valuable Pennies Still in Circulation 1971 S Lincoln Memorial Cent (Doubled Die Obverse) (Tie) 1971 Lincoln Memorial Cent (Doubled Die Obverse) 1990 S Lincoln Memorial Cent (No S Mint Mark) 1955 Lincoln Wheat Cent (Doubled-Die Obverse) 1958 Lincoln Wheat Cent Penny (Doubled-Die Obverse) 12 More Valuable Pennies.
How much does a 1969 penny worth?
The 1969 penny with no mint mark is worth around $0.70 in uncirculated condition with an MS 65 grade. The 1969 D penny is worth around $0.30 in uncirculated condition with an MS 65 grade. The 1969 S penny is worth around $0.50 in uncirculated condition with an MS 65 grade.
Are copper pennies worth keeping?
You want to focus on hoarding pre-1982 U.S. pennies, which contain 95% copper content, making the coin at least twice as valuable as its 1 cent face value. (Post-1982 pennies are not worth collecting, as they contain only 2.5% copper content — the rest is zinc .)Jun 10, 2011.
Is it illegal to melt copper pennies?
It is not illegal to melt, destroy, or modify any U.S. coins in the United States.
What year of pennies are worth money?
Watch for low mintage years like 1955-S, 1939-D, 1933-D, and 1931-S. Depending on condition, rarer pennies are worth more. Look for all-copper pennies. Old pennies made before 1982 are 95% copper, which gives them an inherent metal value.
How much is a 1971 penny worth?
The 1971 penny with no mint mark is worth around $0.60 in uncirculated condition with an MS 65 grade. The 1971 D penny and 1971 S penny are each worth around $0.50 in uncirculated condition with an MS 65 grade. Proof coins with the S mint mark are available and they are each valued at around $1 in PR 65 condition.
What is the error on the 2020 penny?
Mint striking errors include bonded, brockage, broadstruck, die cap, double struck, flip over, fold over, mated pair, multiple struck, saddle struck, and strikethrough.
How much is a 1998 penny worth?
How much is a 1998 close Am penny worth? The value of a circulated 1998 Wide AM penny is around $10. Uncirculated specimens can cost as much as $15 to $25. In 2014, Professional Coin Grading Service graded the most valuable 1998 Wide AM penny as MS67RD, and it sold for $940.
