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When copper reached a record high in February 2011, [42] the melt value of a 95% copper cent was more than three times its face value. As of January 21, 2014, a pre-1982 cent contained 2.203 cents' worth of copper and zinc, making it an attractive target for melting by people wanting to sell the metals for profit.
The most valuable Lincoln penny is worth $2 million on the collectibles market, and many more are worth five or six figures. The value of copper coins, as in all coins, is based on scarcity and ...
1943 steel cents are U.S. one-cent coins that were struck in steel due to wartime shortages of copper. The Philadelphia, Denver, and San Francisco mints each produced these 1943 Lincoln cents. The unique composition of the coin ( low-grade steel coated with zinc, instead of the previously 95%-copper-based bronze composition) has led to various ...
Currently, pennies are 97.5% zinc and 2.5% copper, and at current prices of those metals, each new penny has a theoretical "melt value" -- what you'd get if you melted down pennies and sold the ...
The Fugio cent, also known as the Franklin cent, [ 1][ 2] is the first official circulation coin of the United States. Consisting of 0.36 oz (10 g) of copper and minted dated 1787, by some accounts it was designed by Benjamin Franklin. Its design is very similar to Franklin's 1776 Continental Currency dollar coin that was produced in pattern ...
1. 1943-D Lincoln Bronze Wheat Penny — $2.3 million. Designed by Victor D. Brenner, this is one of the highest-value pennies in circulation today. During World War II, pennies were made of steel ...
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