How much are pennies worth in scrap metal?
Table of Contents
- 1 How much are pennies worth in scrap metal?
- 2 How much is a penny worth in material?
- 3 What’s the melt value of a copper penny?
- 4 What is a pound of copper pennies worth?
- 5 Can I Melt my pennies to show the value?
- 6 How much does a 95\% copper penny weigh?
- 7 How do I calculate the value of a copper cent?
How much are pennies worth in scrap metal?
While the value of the US dollar drops, so too drops the value of the copper penny; at the same time, the value of copper and zinc is going up, up, up! This has lead to the metal value of pre-82 pennies – weighing in at 3.11 grams per copper penny (or 146 copper pennies per pound) – to be worth 2.2¢ each as of today.
How much is a penny worth in material?
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.
How much is a 95\% copper penny worth?
95\% Copper pennies (Price Per Pound)
| Quantity | Price Each | Total Price Each |
|---|---|---|
| 34 – 3366 | $4.59 | $4.59 |
| 3400+ | Call for discount |
What’s the melt value of a copper penny?
Current Precious and Base Metal Bullion Spot Prices:
| Type Description | Metal Content | Melt Value |
|---|---|---|
| Type Description | Metal Content | Melt Value |
| Lincoln Shield Cent Small Cents (2010-Present) | 97.5\% Zinc – 2.5\% Copper | $0.0090 |
| Lincoln Wheat Cent Small Cents (1909-1958) | 95\% Copper – 5\% Tin and Zinc | $0.0299 |
| Two Cents |
What is a pound of copper pennies worth?
4 It contains about 2.95 grams of copper, and there are 453.59 grams in a pound. 5 The price of copper on Dec. 10, 2019, was $2.75 a pound. 6 That meant the copper in each penny was worth about 1.7 cents.
Is scrapping pennies illegal?
Not only is it illegal to scrap copper pennies or any US currency but it can come with a costly fine and a visit to prison. According to the United States Mint, melting coins down is illegal and can land you with a $10,000 fine and/or 5 years in prison.
Can I Melt my pennies to show the value?
The copper cent calculator will only show you what the copper metal in your pennies is worth (intrinsic value), and will not indicate any numismatic (collector) or zinc value. Do not attempt to actually melt your pennies, as it is currently illegal to do so in the United States.
How much does a 95\% copper penny weigh?
Calculator only figures the copper melt value of Pre-1982 U.S. Lincoln 95\% Copper Pennies. 5\% zinc and/or tin value and weight not included. U.S. Pennies minted after 1982 consist of 97.5\% zinc. Both 95\% copper & 97.5\% zinc cents were minted in 1982. The copper cent weighs 3.11 grams. The zinc cent weighs 2.5 grams.
How do I find the value of my pre-1982 copper pennies?
The U.S. Copper Penny Melt Value Calculator, located below, will help you in finding the total copper value and total copper content of your pre-1982 United States Lincoln 95\% copper cents. Calculate by quantity, rolls of pennies, face value, or total weight.
How do I calculate the value of a copper cent?
Calculate by quantity, rolls of pennies, face value, or total weight. The copper cent calculator will only show you what the copper metal in your pennies is worth (intrinsic value), and will not indicate any numismatic (collector) or zinc value.