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Pennies Worth More Than a Penny

By Edited Jun 12, 2016 6 11

Watch your pocket change for pennies worth more than a penny each

There are three main types of coin worth saving you will encounter (assuming you are searching in the USA)

Instructions
  1. ===Copper Pennies===

    Save your American coppers from 1959 to 1981 for they contain 95% copper blended with zinc - copper that is worth over 3 cents as this article is written. You can see the current melt value of in a Cu penny at coinflation.com.

     

    There is a growing market for copper pennies on eBay and over at realcent.org. As an example, this retailer sells copper cents by the pound.

     

  2. ===Wheat Pennies===

    Save your American cents from 1909 to 1958. These coins have the "wheat ear" back and in addition to being 95% copper, the common date wheat pennies are now traded between collectors for 4 cents each and up. Rare dates, varieties that are in demand, and coins in exceptional condition can sell for much more.  So save the common date wheat coins up and sell them to your local coin shop or on ebay.  You can also sell off any rare coins for a premium.

  3.  

    ===Canadian Pennies===

    Save the Canadian pennies up to 1996 you find because they are even better than the US 95% copper Lincolns - the Canadians are 98% copper. Starting in 1997 Canada switched to copper plated zinc and than Cu plated steel in 2000.  Canadian 98% Cu pennies are also now trading like the 95% copper US pennies trade at a premium over face.

     

  4. The rest of your pennies are just worth a one cent, but don't throw your coins away either. Put your coins in a jar and when you get a bunch collected, just roll them up and return them to the bank. Some banks have coin machines, which is even better because no manual rolling or counting is required.  

     

    If you don't want to roll the pennies than at least donate them to a worthy charity because every penny counts. An old but true saying is "Don't waste the pennies and the dollars will take care of themselves."  Happy hunting.


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Comments

Jan 5, 2011 8:22am
madanalyst
Thanks for this article and the links you provided. I was always interested in collecting coin but didn't know how to start.
Jan 8, 2011 4:41am
JadeDragon
coin collecting is something kids do, than forget about. Later some of us get back to it as adults - especially people interested in real money.
Jan 15, 2011 12:40am
southerngirl09
Coin collecting is very interesting. It is fun to start a child on coin collecting since it might prove to be a lifetime hobby. I handle very little change since I charge everything - so in order to check change I must go to the bank and buy rolls. Thanks for sharing.
Feb 21, 2011 3:57am
JadeDragon
So you are a coin roll hunter too. Cool :)
Feb 22, 2011 3:09pm
melissanott
Thanks for the interesting tips on pennies!
Feb 22, 2011 9:28pm
Intheknow
I have a lot of the wheat pennies. I wondered if they worth anything. I also know now to start saving some of the newer ones. Thanks.
Apr 16, 2011 6:33am
eileen
Great article I am still looking for that elusive 1931. I think thats the one I am tired and not thinking too well, there werent many of these made. Australian coin though. In oz the silver round 50cent piece is worth a few bob too.
Nov 13, 2011 6:39pm
DLTheo
Great ideas! I used to collect coins as a kid. I still have most of it. I wonder what it is worth today! We used to go to the bank and buy rolls of pennies, nickels, dimes, etc. and look through them for coins more valuable than face value.
Dec 24, 2011 2:26pm
GoldSilverInvestor
didnt realize you wrote this until i wrote a penny article of my own!
Feb 15, 2012 6:06am
mommymommymommy
We just had this discussion with our children. We were going through their coins and found several wheat pennies. We gave them to my husband who collects them after we told our twins that they were worth more than a penny!
Feb 15, 2012 10:31am
inkedwriter
Very interesting article. I'm married to a Penny, and she is worth a million bucks to me...LOL
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