Quick Answer: How Much Is A Pound Of Copper Pennies Worth?

What pennies are worth saving?

25 Most Valuable US Pennies1.) 1944 Steel Wheat Penny – Worth $110,334.2.) 1943 Copper Wheat Penny – Worth $85,782.3.) 1873 Indian Head Penny – Worth $10,000.4.) 1914 D Wheat Penny – Worth $5,500.5.) 1922 D Wheat Penny – Worth $5,000.6.) 1877 Indian Head Penny – Worth $3,200.7.) 1926 Wheat Penny – Worth $3,000.8.)More items….

Are pennies made before 1982 worth more?

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.

Is it worth stripping copper wire?

If you chose to strip it, you will end up with 90 pounds of copper don’t forget 10 pounds in plastic waste and in today’s market you will get $1.90 per pound for stripped copper wire so your 90 pounds will net you $171.00 difference of $21.00 between stripping it or selling the way it is, just want to mention one thing …

How much is a 5 gallon bucket of pennies?

To max out the number of pennies, melt them. That way if you can fit 18.927 / 0.00036 or 52,575 pennies ($525.75) in a 5 gallon bucket.

Are pennies still made of copper?

A penny is not what you think. Indeed, from 1793 to 1837, a cent was pure copper. But newer pennies are made mostly of zinc. … That made the metal composition of the cent 95 percent copper and 5 percent zinc.

How much is a pound of pennies worth?

Pennies per PoundTypeMetal CompositionWeight per PennyCopper Penny95% copper, 5% zinc3.11 gramsZinc Penny97.5% zinc, 2.5% copper2.5 gramsWheat Cent95% copper, 5% zinc, >1% tin3.11 grams1 more row

Can copper pennies be sold for scrap?

As many scrap metal enthusiasts know, copper is a fairly valuable metal. Because of this, older pennies that contain copper are often considered to be worth more than their face value in scrap metal. … However, melting these pennies down is illegal, meaning that they are not viable for scrapping at this time.

Will wheat pennies ever be worth anything?

Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples (especially those in near perfect condition) can be worth much more. Indian Head pennies from 1859 to 1879 are generally worth more than $10.

Where can I sell my wheat pennies?

All are active buyers of wheat pennies.Jake’s Marketplace.Sam Sloat Coins.Covina Coin 50 roll minimum.

Are Kennedy half dollars worth anything?

These coins remained popular and out of circulation. Half dollars from this era generally have a value of about $2 – $10 dollars depending on condition. There are standout Kennedy half dollars that are worth much more, of course. The Kennedy half dollars minted beginning in 1971 have no silver content at all.

How much is 40 pounds of quarters worth?

Turns out that $10 in quarters weighs half a pound. Which means one pound of quarters (which individually weigh 5.67g), naturally, adds up to $20. Handy, I thought. Looking at the United States Mint’s coin specifications page, I learned that, at 2.268g per dime, one pound of dimes also equals $20.

What pennies have the most copper?

If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating. For pennies dated 1982, when both copper and zinc cents were made, and best way to determine their composition is to weigh them.

Is it illegal to melt down pennies for copper?

Effective today, the U.S. … Mint has implemented an interim rule that makes it illegal to melt nickels and pennies, or to export them in mass quantities. With the soaring price of copper, a melted-down penny or nickel is now worth more than it would be in its regular state at face value.

How many 1943 copper pennies are accounted for?

Approximately 40 1943 copper–alloy cents are known to remain in existence. Coin experts speculate that they were struck by accident when copper–alloy 1–cent blanks remained in the press hopper when production began on the new steel pennies.

How much are pennies from 1974 worth?

CoinTrackers.com has estimated the 1974 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $9.

Should you clean wheat pennies?

How to Clean Dirty Coins. First of all, when washing grimy coins, do not use jewelry cleaner or metal polish. Save those cleaning substances for grandma’s antique silver teapot. These materials are too harsh for your old dollar coins, buffalo nickels, copper wheat pennies, or your other collectible metal currency.

How much is a 1964 copper penny worth?

CoinTrackers.com has estimated the 1964 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $12. (see details)…

Can you burn copper wire to strip it?

NO BURNING: First and foremost, we would like to reiterate that you should NEVER under any circumstances “burn” your copper wire to remove the insulation. Not only does it harm the environment from the fumes, but it will downgrade your copper at the scrap yard.

Is it illegal to throw away coins?

According to Title 18, Chapter 17 of the U.S. Code, which sets out crimes related to coins and currency, anyone who “alters, defaces, mutilates, impairs, diminishes, falsifies, scales, or lightens” coins can face fines or prison time. …

What can I do with all my pennies?

There are quite a few ways to get rid of pennies.You can throw them away.Deposit them in a bank.Take them to a Coinstar machine.Turn your coins into a tax-deductible donation.Buy stuff with them.Give them to the homeless.

How many copper pennies are in a pound?

145 copper penniesNew, unused or uncirculated copper cents weigh about 3.11 grams each or about 145 copper pennies per pound. New zinc cents are much lighter and weigh only 2.5 grams each yielding about 180 zinc pennies in a pound.

Are copper pennies worth anything?

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.

How much is 50 lbs of pennies worth?

Fifty pounds is 22.67962 kg. A penny weighs 3.56 grams. That means that there are about 6370 pennies in 50 lbs. So fifty pounds of pennies is roughly £63.70 altogether.

Should I keep my copper pennies?

Coin hoarders insist that their efforts in saving copper pennies now will be worth it when the time comes that they can legally melt their pennies. Many of these individuals are already selling their copper penny troves to other hoarders for $1 or more per roll of 50 pennies.

Is it worth saving pre 1982 pennies?

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.)

How much is 30 pounds of pennies worth?

Zinc is denser than copper so post-1982 cents weigh 3.11 grams or about 146 to a pound. So how much is 30 lbs in pennies? Depends on the proportion of new and old cents. But somewhere between $43.80 (if they’re all post-’82) and $54.30 (if they’re all pre-’82.)