When it comes to collecting coins and pricing coins, many people question should they collect pennies and if they have any value. Well yes, pennies do depending on when they were made and with what. Hopefully you will learn a bit about rare pennies and if you should or should not start collecting coins from this article.
Coin collectors are not the only ones interested in coins now, but everyone is starting to flock to them since money is losing its value and the economy is becoming pretty scary. With an unsure economy ahead of us, many are turning to coins because they are very profitable. They are profitable on two ends, one for their metals and two because they are collector items.
Pennies are becoming very popular. At least the rare ones that are worth money are. Because of this many people are checking coins now to see if they do have something rare in their hands. You must be very knowledgeable when it comes to collecting coins and which ones will pay the big bucks.
American Open Currency says that the reason pennies are becoming popular is because some of them are made with different metals which make them have a different melt down value. Pennies also have their average face value as far as buying goof and services go. One of the main things that make pennies marketable is that some are really rare based on the date they were issued and how many were minted.
Pennies coined today are made of 97.5 percent zinc and only contain 2.5 percent copper meaning their intrinsic value is very low and comparable to paper money. On the other hand pennies minted from 1909 until 1982 are in a completely different class altogether, because they were coined with 95 percent copper and only 5 percent zinc. Currently, copper trades at about $3.72 per pound making these pennies worth about 2.5 cents each. To put it differently, if you have $100 worth of pre-982 pennies the copper value of the coins is $250.
Yes, it is completely understandable that looking at every penny you come across is a strenuous activity to be doing. Melting down those pennies is even harder and at the end the extra change is not really worth it. Now is you were able to get your hands on a 1943 penny, you hit the jackpot. This penny is worth $82,000. In general when collecting coins your best bet is to look for collectible coins because those coins have much higher demand and a bigger market.
...Additional information at The Real Worth Of Pennies
If you get a hold of any penny from the year 1943 you just might be a lucky person. Before getting into collecting pennies make sure to do your research.
Coin collectors are not the only ones interested in coins now, but everyone is starting to flock to them since money is losing its value and the economy is becoming pretty scary. With an unsure economy ahead of us, many are turning to coins because they are very profitable. They are profitable on two ends, one for their metals and two because they are collector items.
Pennies are becoming very popular. At least the rare ones that are worth money are. Because of this many people are checking coins now to see if they do have something rare in their hands. You must be very knowledgeable when it comes to collecting coins and which ones will pay the big bucks.
American Open Currency says that the reason pennies are becoming popular is because some of them are made with different metals which make them have a different melt down value. Pennies also have their average face value as far as buying goof and services go. One of the main things that make pennies marketable is that some are really rare based on the date they were issued and how many were minted.
Pennies coined today are made of 97.5 percent zinc and only contain 2.5 percent copper meaning their intrinsic value is very low and comparable to paper money. On the other hand pennies minted from 1909 until 1982 are in a completely different class altogether, because they were coined with 95 percent copper and only 5 percent zinc. Currently, copper trades at about $3.72 per pound making these pennies worth about 2.5 cents each. To put it differently, if you have $100 worth of pre-982 pennies the copper value of the coins is $250.
Yes, it is completely understandable that looking at every penny you come across is a strenuous activity to be doing. Melting down those pennies is even harder and at the end the extra change is not really worth it. Now is you were able to get your hands on a 1943 penny, you hit the jackpot. This penny is worth $82,000. In general when collecting coins your best bet is to look for collectible coins because those coins have much higher demand and a bigger market.
...Additional information at The Real Worth Of Pennies
If you get a hold of any penny from the year 1943 you just might be a lucky person. Before getting into collecting pennies make sure to do your research.
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With money declining in value, coin collecting is becoming a huge trend now. If you did not know it, people are even collecting rare pennies. Come on over and learn more about it.
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