Many investors who buy gold and silver bullion coins and coin collectors who study coins, have probably never considered collecting copper pennies to make a worthwhile profit. You’ve probably heard “a penny saved is a penny earned,” because the lowly penny is worth one cent. While most pennies are worth a meager face value, did you know that all copper pennies are worth double their face value?
Pennies minted from 1909 to 1982 were made of 95% copper, and 5% zinc. You might not think of copper as worth much monetarily, but it is an extremely important metal. Copper is widely used in industry, especially in electrical, construction, transport, and many others areas. This is why copper fetches a fairly good price because it is also the best conductor of electricity, doesn’t tarnish and is malleable. To find copper’s melt value, we need to know that a pound of copper … Read More