Why do People Buy Newer Zinc Pennies?
What’s so special about these coin bags full of newer zinc pennies? It’s about perspective and experience. To some, these are worthless trinkets because of their metal zinc content. Sort out the older coins and deposit these for face value.
But is this an accurate assessment? To a Lincoln Cent Collector, the adage of trash to treasure is a close to home truth. While the bullion investors avoid these pennies considering them one-cent trash, the collector finds all sorts of intriguing numismatic value.
|Why do these newer pennies have such great possibilities? The newer the coin, the less hands have touched it, the fewer eyes that analyzed it, and greater possibility that the rarer pennies are out there to be found. Not only that, but newer pennies have a greater chance to be plucked from circulation at near pristine, if not mint state, condition.
So while some look only for older dates, Lincoln Wheat Cents, and copper bullion, there are many out there with the commendable experience to analyze and pick out the valuable little Lincoln treasures that others merely toss about as one cent coins.
Take the time to learn about these little one-cent treasures before they disappear into the abyss of inflation.
This is the 1943 penny you will see. The steel penny of 1943 is made primarily out of steel with a zinc coating. But why was steel used this year? The answer is unfortunate: War.
During World War II, copper was in such demand for tank shells and ammunition that pennies were made of steel this year. But this is not why most people search for information on the 1943 penny. The real find is actually copper 1943 pennies.
According to the ANA (American Numismatic Association), there are 40 known 1943 copper alloy pennies in existence. Speculation is these exist due to left over copper blanks still in the minting machinery.
Copper pennies are worth more in metal value than their face value and are worth collecting in large amounts for investing in copper pennies. See what people are paying for copper pennies.
But this particular penny is so elusive it trades much higher in value due to its coin collector value. Think you have a 1943 copper penny? The best first test is with a magnet. If it sticks to the magnet, it’s probably a counterfeit as it is most likely made of steel. Be careful not to risk causing damage to your coin if you think it is a legit copy. Even the slightest “ding” can reduce value.
Another very highly sought after penny is known as the “1909 VDB” penny which, if it came from the San Francisco mint, is even more of a treasured prize.
Read more: 1909 VDB Lincoln Cent Wheat Penny
Rarest Penny Sells over $1 Million at Auction
The elusive extremely rare U.S. one cent coin minted in 1792 has officially sold for just over $1 million. There are only 14 known survivors in existence. The coin is known to be a prototype, being one of the first pennies ever minted.
The penny was auctioned off at the Renaissance Schaumburg Convention Center, however, bidding also was permitted via the internet.
Want to search through unsearched pennies to see if you can find your own rare penny? Buy copper pennies today directly from us.
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Pennies Worth Money
All pennies are worth money. At least one cent. But what about the truly valuable ones? In bulk, copper pennies (made of 95% pure copper) are worth over 2.5 cents each. That makes copper pennies an ideal copper investment when buying by the pound or ton.
You can search pennies for valuable pennies. Buy copper pennies directly through us for finding valuable coins because our copper pennies are unsearched.
If you are looking for a resource for individual penny value of pennies worth money then we recommend The Lincoln Cent Resource as a guide.
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With millions upon millions of pennies constantly being minted, errors are bound to happen. In the particular case of the example photograph above, this is called a mis-struck penny. This means the penny minting stamp was not properly aligned with the actual penny blank being fed through the machine, causing the penny to literally be mis-struck. These mis-struck pennies are considered a type of error penny. An error penny is exactly what it says, a penny made inappropriately constituting an error or mistake. This is a bit like coloring outside the lines of a coloring book.
Mis-struck pennies are collectibles that hold numismatic value. Of course, some are more valued than others, but if you find a mis-struck penny, it is worth hanging onto. These mis-struck pennies in the photograph above are “easier” to find as far as mis-struck pennies go. This is because they are still the same size as a regular penny, allowing them pass properly through coin sorters and coin counters into bank bags and bank coin rolls.
There are mis-struck pennies that actually end up larger than the size of a penny which are more rare. That is because they are too big to fit through the penny slot of a coin counter unless lined up perfectly. Usually these mis-struck “too large” pennies are either rejected by the coin sorter or end up in other slots in the coin sorter such as the nickel or quarter slot.
The copper pennies we provide to copper penny investors are unsearched. This means there is a possibility of finding copper penny versions of the type of mis-struck pennies in the photograph above in our copper pennies. We also provide bank sealed penny bags which also have a probability of containing not just the copper penny mis-struck pennies but also newer zinc pennies as well.
So keep your eyes peeled when looking through pennies. You never know what you may find!
1909 VDB Lincoln Wheat Penny
So after a good days work sorting pennies, pennies always end up on the floor everywhere. It’s a natural hazard of the business.
Normally, picking them up one by one would be mind boggling painful so usually we use a broom to sweep them up. After a long day of sorting today, we swept up this little treasure:
a 1909 VDB Lincoln wheat cent just laying there on the ground in fairly good condition. This is a great example of how easy it is to overlook and miss such a great coin without always keeping a trained eye out for value.
So next time you see a penny just laying on the ground, pick it up. You never know what you may just find!
Why is this coin special?
The 1909 VDB Penny is a rather unique find which honors Victor David Brenner. This is what the VDB stands for. He was the designer of the wheat cent at the request of President Roosevelt. You’ll see this imprint of the letters VDB stamped along the lower edge of the reverse side of the penny. These initials will only be found on 1909 wheat cents. Though complaints occurred on the existence of these initials, so they were removed from future production.
A 1909 VDB S mark penny simply means that not only does it meet the criteria above, but it was minted at the San Francisco Mint. This makes it a more rare find as the San Francisco Mint was not a very large coin producing mint, making for coins coming from this location harder to find.
Think you have one? Handle with great care! Even the slightest “ding” can reduce value.
Dimes and Silver Dimes in Penny Bags
Time and time again, we get very confused. Dimes in penny bags happens. A lot. Don’t get us wrong. We love it. After all, the newest record is officially:
1 silver dime
Yes. That’s right. A $50 penny bag had $24.10 in dimes and a silver dime. That sounds like a good rate of return on ones investment. Of course this does not happen often. But it’s something worth noting that it does happen quite often.
Dimes in Penny Bags
Pennies come in penny bags. This may seem obvious. But did you know there are plenty of other things in penny bags too? Dimes are the biggest culprit. Nickels, quarters, and euro are common as well. Not to mention the couple times we found teller keys in the penny bags (whoops).
In sealed penny bags from a bank, the amount of dimes can be quite intriguing! In a quality control check today of one individual bag of pennies, there were 68 dimes, 3 quarters, 5 nickels, and 1 silver dime. That’s pretty good for one $50 bag of pennies.
Best record of dimes: 131 dimes, 1 silver dime, 4 quarters, and 1 nickel all in one penny bag!
Of course, not every penny bag will have dimes. Though from our experience, quite a lot of them do. Some may ask, “Why do penny bags have dimes in them?” I’d advise the best solution is to look for yourself. Go grab a dime and a penny. Put them directly on top of each other. Notice the very similar circumference? A lot of coin counting machines accidentally throw those dimes right in there with the pennies. Unfortunately for the customer of the coin counter, their dime gets counted as a penny, creating a nine cent loss. And though that’s a whole different issue, it answers why dimes end up in those penny bags for you and us to find.
Want to get sealed and unsearched penny bags from our bank that could contain dimes and other rare coins? Of course we can’t guarantee what you’ll find. After all, they are unsearched and sealed penny bags. But we can vouch for having found great coins in the past, and fully expect to continue to find even better coins. It’s all about luck and numbers. How’s your luck lately? Want to give it a try? Buy sealed penny bags today.
Sealed Penny Boxes Versus Sealed Penny Bags
Investing in $25 penny boxes
Pennies are fun. The copper ones from 1982 and pre 1982 are worth more than their face value (copper pennies are 95% copper and 5% zinc). This makes the copper penny worth more than twice its face value due to its metal value (and expected to become three times more valuable than its face value in the near future).
There’s tons of great rare penny finds such as misprinted, double-died pennies, error marks, rare penny mint vintages, and more. You can buy $25 penny boxes directly from your bank branch. There are 50 penny rolls in that box, containing 50 cents each. Depending on where you live, the copper penny content may vary greatly compared to the zinc penny content (zinc pennies newer than 1982 are 97.5% zinc and 2.5% copper). Cracking open penny rolls can take a toll on your wrists, so do so with care and caution. Or more to the point, which makes more sense: Getting sealed penny boxes or sealed penny bags?
You may have to open a commercial account and potentially pay fees due to the nature of picking up large volumes of pennies from your bank. Many tellers will provide you with boxed pennies for free, but only when available or they have extra penny boxes. It never hurts to simply ask your teller for a box of pennies now and then. This is the cheapest way to get pennies (if you can get them free from the bank), though definitely not that most advantageous and time efficient way. And even though the pennies are free, your time is not, nor is gas money. So free is a relative term.
Penny Boxes versus penny bags
When hoarding copper pennies (collecting copper pennies in bulk) one needs to consider time management as a critical factor. Buying $100 in penny boxes from a bank means 200 rolls of pennies to open. Buying $1000 in penny boxes from a bank means 2000 penny rolls to open. How long does it take you to open a roll? Are you doing irreversible damage to your wrists? What could you be doing instead of opening rolls? This is why sealed penny bags are much more advantageous. No penny rolls, just penny sorting. Time is the critical factor here.
The fact of investing is doing the math. After all, copper pennies are investing in copper and finding rare pennies is also an investment. Investments require mathematical calculations to determine their validness. Here’s an example to determine whether you should buy penny boxes from the bank or buy sealed pennies from us:
Take the total number of pennies you want to buy for the week, month, or whatever appropriate time period that works for you. Now conservatively calculate how much time it takes you to acquire those pennies from your bank. If you don’t spend any extra time (meaning you only pick up pennies when you are already going to the bank) then this part may equal zero (the only factor then becomes if you don’t get pennies as quickly as you’d like. If you want pennies faster than you do now, you may need to incorporate that into this math equation as well). So this would mathematically look like:
X = Total time to get pennies
Now time yourself on how long it takes you to open those penny rolls. This includes however long you take breaks while opening rolls whether getting food, giving downtime for your wrists, toilet breaks, etc. Now the math looks like:
X = Total time to get pennies + Time to open all penny rolls
The next factor is harder to judge: Energy1 and Energy2. Energy1 is how much energy did you use picking up boxes lugging them around (aka how tired does that make you). This is a difficult factor to determine, so make your best guess. It is advised to determine this in the amount of rest time you need after engaging in the activity of picking up the pennies. Energy2 is how much energy do you have left after getting your pennies and opening all of the rolls? Is the rest of your day impacted? Are you able to now do your sorting or have you lost a considerable amount of time because you’ve used up all your energy just picking up and opening penny rolls? One most popular way to calculate Energy2 is that Energy2 = amount of rest time needed prior to getting more pennies, opening more rolls, or sorting pennies. The final equation then looks like:
X = Total time to get pennies + Time to open all penny rolls + Energy1 + Energy2
So what does X equal? Now we can determine your opportunity cost. Opportunity cost is the value of best alternative choice in multiple choices when making a decision. We use opportunity cost all day long and never necessarily think about it in terms of breaking down value of choices. Time is valued in terms of money differently for every individual person. This helps make decisions on whether you should continue to pick up penny boxes or buy penny bags from us. Even if you can manage to pick up penny bags from banks, you still have to drive around, which has cost in money, time, and wear on your car. So which is effectively cheaper when weighing the different factors? Only you can decide.
Do what makes sense for you and only you. If picking up pennies works for you, do it. If you have the energy to drive around picking up penny boxes or connections to get penny bags from your bank and that works for you, great! If not, consider alternatives. Teamwork is always a great thing and that’s what we strive to do. We want to team up with you to provide you the sealed pennies in bags you need. But only if you want the team effort to work for you. Our recommendation is to do the calculation on opportunity cost every now and then for yourself.
Add whatever other factors in your life to the equation that may pertain to you that we aren’t aware of. And remember, this is an investment. If the maths hows you should pick up locally, do it. If the math shows you should order sealed penny bags from us, do it. After all, maximizing investment return on pennies (read How to Make Money off of Copper Pennies) is the most important factor third to happiness and your health.
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