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United States Coins Thread, Value of the penny in Coin Forums; One of my friends told me today that the penny is once again becoming worth more than its face value. ...
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    Member ComradeNorgren's Avatar
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    Value of the penny

    One of my friends told me today that the penny is once again becoming worth more than its face value. Is there any truth to this?

  2. #2
    New Member Bruce-J's Avatar
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    There really is no definite answer to your question.
    As with all coins, the value of a coin is based on the condition, how many minted, how many believed in circulation and the real determining factor is how much someone is willing to pay. If you look at some of the latest information there are still a few pennies worth only their face value while others are worth a considerably more.

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    Numismatic gbroke's Avatar
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    The OP might be asking about the actual metal value. Copper cents (pre 1983) are worth 3x's or more in copper value. Any penny made from copper will be worth more than the penny face value.

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    Numismatic mingot's Avatar
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    Try this: Current Melt Value Of Coins - How Much Is Your Coin Worth?

    To answer the question, though, the penny is not quite there. But the nickel is.

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    Member coinmogul's Avatar
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    I think you have heard must be true as the value of every metal is increasing day by day so the prices of each may increase due to increase in the value of metals from which it is made up of......

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    Junior Numismatic dmott88's Avatar
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    If you have a copper penny it is definately worth more than face. Almost three times much. check out Current Melt Value Of Coins - How Much Is Your Coin Worth?
    Check out my eBay Items!

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    Member vintasalo's Avatar
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    I like how they say it's illegal to melt your own currency you worked hard to get, yet they can produce fiat money on a regular with no cuffs on their wrists

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    Member Brenda.Z's Avatar
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    I have no idea

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    Member wovoka's Avatar
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    As of today a cent made before 1982 is worth 2.18 cents in copper - 1982 penies must be weighed to determine if the are 95% copper or 97.5% zinc - the copper cent weighs 3.11g and the zinc cent weighs 2.5g and is worth roughly 1/2 cent.

  10. #10
    mvc
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    Those pre 1982 pennies may have metal content that is beyond face value, but you also have to take into consideration the cost to extract that metal, if indeed you were to melt them

 

 
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