I saw on the news the other day about pennies that were made in and before 1978 are worth a little bit of money because of what they were made out of...has anyone heard this? Does anyone know how much they are worth?
2007-01-28 08:30:05 · 3 answers · asked by Anonymous in Games & Recreation ➔ Hobbies & Crafts
Actually it is cents made before 1982. Some of the 1982 cents are in the group, but need to be weighed to tell the difference. Now the difference is that the before 1982 cents, are made of .950 copper and .50 zinc and tin. After 1982 the cents are 99.2 % zinc .8 % copper with a pure copper coating. Copper has gone way up in price, as well as nickel. It now cost more than a cent to make a cent and more than a nickel to make a nickel. The U.S. mint did put into effect a law, that makes it illegal to melt cents or nickels or to export large quantities out of the country. They have had that power for sometime but have not used it in a long time. As it is right now, it is illegal for you to make a profit on them. So just spend them like normal. If large quantities start to disappear, you can bet the laws will get stronger and may be changed, not in the average persons favor.
2007-01-28 12:09:47 · answer #1 · answered by Taiping 7 · 1⤊ 0⤋
1978 Penny
2016-10-05 10:37:32 · answer #2 · answered by ? 4 · 0⤊ 0⤋
One cent. No more, no less.
It is the pre 1950's pennies that have more copper content than later dates. But they are still not worth much, unless they are in collectable condition.
In 1943 pennies were made from steel because the copper was needed for the war effort. If you can find a real 1943 penny made from copper that would be worth quite a bit to a collector.
2007-01-28 10:59:38 · answer #3 · answered by Mike A F 3 · 1⤊ 0⤋
yeah, they are worth quite a bit, but you need a few of them. 100 of them makes around a dollar, give or take a bit.
2007-01-28 09:59:51 · answer #4 · answered by King Of The Compact Disk 1 · 0⤊ 1⤋