Will pennies be discontinued?

The US Mint announced this morning that they will phase out the production of new pennies beginning in late 2022, and mint the last batch of pennies on April 1, 2023.

Are there any 1983 copper pennies?

It’s true — there’s a rare 1983 copper penny (specifically, a 1983-D penny) that’s worth $15,000. It’s a coin that many numismatic experts (those who study coins) still don’t fully understand — because it’s unlike any other copper penny the United States Mint has ever made.

How rare is a 1952 penny?

A 1952 no mintmark penny that is uncirculated, or in Mint State condition — 75 cents or more. A 1952-D penny that is uncirculated, or Mint State — 75 cents or more. A 1952-S penny in Mint State condition — $1.25+ Proof 1952 pennies (which were made at the Philadelphia Mint for coin collectors) — $15 to $3,000.

Are pennies from 1948 worth anything?

CoinTrackers.com has estimated the 1948 Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $4.

What year penny is worth $1000000?

1943

What year is the oldest penny?

1909

How much is a 1969 penny worth?

CoinTrackers.com has estimated the 1969 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $15. (see details)…

Are 1983 pennies worth anything?

Why the penny should be removed?

Many of the reasons for eliminating the penny apply to other coins as well. Inflation has destroyed the value of nickels and dimes as well as pennies. 20 We could easily get rid of pennies, nickels, and dimes and be no more inconvenienced than the average person in 1913.

How many 1943 copper pennies have been found?

Nearly all circulating pennies at that time were struck in zinc–coated steel because copper and nickel were needed for the Allied war effort. Approximately 40 1943 copper–alloy cents are known to remain in existence.

What would happen if we get rid of the penny?

They Keep Prices Low. Penny supporters point out that if we get rid of the penny, all-cash transactions will have to be rounded off to the nearest nickel. Consumers using credit wouldn’t be affected by this because their transactions could still be counted out to the cent.

When did they stop putting copper in pennies?

1982

Why are pennies still a thing?

A penny was worth a decent amount in 1864. Now it costs more to make it than its actually worth. The penny was a totally useful form of currency when it was officially made legal tender in the Coinage Act of 1864.

How much is a 1943 D steel penny worth?

CoinTrackers.com has estimated the 1943 D Steel Wheat Penny value at an average of 45 cents, one in certified mint state (MS+) could be worth $12.

Is a 1942 penny rare?

Having said that, collectors are really only interested in older versions of the coin, like the 1942 Lincoln. These pennies are collectible not only because of their age and historical significance, but because they are rare and growing rarer by the day.

Why is the Penny important?

Those who favor keeping the penny believe the penny plays an important role in keeping down the costs of the goods and services we buy. If there were no pennies, stores and restaurants would round up to the nearest nickel. This means consumers would end up paying $0.55 for something that should cost only $0.51.

How rare is a 1948 penny?

A 1948 wheat penny that is well-preserved, say in “mint” condition (or what coin collectors call uncirculated or mint state), can be worth 75 cents to $5… or more. In fact, the most valuable 1948 penny was sold in 2012 for $10,350.

How much is a 1942 d penny worth?

CoinTrackers.com has estimated the 1942 D Wheat Penny value at an average of 35 cents, one in certified mint state (MS+) could be worth $5.

What pennies should I keep?

Keeping Old Pennies

You should keep all pre-1982 pennies.
If you can distinguish between 1982 brass and zinc pennies, keep the brass ones.
All wheat pennies are worth keeping.
Keep all pennies (even recent ones) that appear to have something “off” about them — they may be error or die variety coins.

What is the most expensive penny?

Lincoln cent

How much is a 1952 d penny worth?

CoinTrackers.com has estimated the 1952 D Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $5.

Are pennies still made of copper?

In mid-1982, the coin’s composition was changed again, this time to copper-plated zinc. The last mostly-copper cents (95% copper metal composition) were produced by the Denver Mint on October 22, 1982. The copper-plated zinc cent coins are still being produced today.

How much is a 1964 d penny worth?

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

Should we get rid of the penny pros and cons?

Pro 1. Preserving the penny keeps consumer prices down and avoids harming low-income households.
Pro 2. A penny can be used for decades and is more cost-efficient to produce than a nickel.
Pro 3. The existence of pennies helps raise a lot of money for charities.
Con 1.
Con 2.
Con 3.

How much can pennies be worth?

For most pennies, those minted in recent years are worth, well, a penny. 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.

Is it worth saving copper pennies?

Copper Pennies Are Worth More Than Face Value In general, all pennies made before 1982 have a composition of 95% copper and 5% tin and zinc – with the exception that during some of those years, there was no tin in the alloy. Also, there was the steel 1943 Lincoln cent (and 1944 steel pennies, which were made in error).

Why are D pennies valuable?

1944-D Lincoln Penny on a Zinc-Coated Steel Planchet In fact, over 430 million of them were struck. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. After many complaints, the United States Mint changed back to the regular copper planchets beginning in 1944.