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The idea is to save copper pennies because their melt value is higher than face value. If the U.S. government eventually makes it legal to melt old pennies, then said hoarders can sell their pennies at a profit.

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Q: Why do some people hoard copper pennies?
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What dates of us pennies are not all copper?

Pennies are supposed to be all copper through 1981. In 1982 some are and some are not, and after 1982 all are clad.CorrectionThe last 100%-copper cents were struck in 1857. Since then the composition of the cent has been changed many times, starting with a copper-nickel alloy from 1857 to 1864, then various varieties of bronze (95% copper), steel (1943), and eventually copper-plated (not clad) zinc beginning in mid-1982.


Are pennies made of mostly copper or zinc?

pennies are made of mostly zinc but have some copper in themMoreThe composition of US cents was changed from bronze in mid-1982. The coins now have a zinc core plated with copper (rather than mixed together). Zinc makes up 97.5% of the coin by weight.


Are there any valuable copper US pennies and if so what years?

Yes, there are valuable copper US pennies, typically those that are made of mostly copper and are older. Pre-1982 pennies are mostly copper (95% copper, 5% zinc), making them more valuable than post-1982 pennies which are mostly zinc. Some valuable copper pennies include the 1943 copper penny, 1909-S VDB, and 1955 doubled die penny.


Which pennies are magnetic?

It depends on which country we are talking about. For the US, there is only one magnetic coin the 1943 steel penny. For Canada, there have been some magnetic pennies made since 2000, though there were zinc pennies made until 2008. For the UK, pennies have been magnetic (copper plated steel) since 1992.


Why does soda clean pennies?

Soda contains citric acid which has a mild cleaning property, making it effective at removing dirt and tarnish from pennies. The acid helps to dissolve the grime and oxidation coating on the surface of the pennies, revealing the shiny metal underneath.

Related questions

Why are copper pennies important?

Because they are worth more than face value. All US pennies dated 1981 and prior are 95% copper and are worth ~2 cents in copper scrap. Although it is currently illegal to export coins for melting or to melt them in the US, some people hoard them (usually paying ~1.6 cents a penny) in anticipation that the melt ban will be lifted soon and the cents then could be melted down for a profit.


Where is copper currency used?

In the united states. Some of the pennies are copper.


What are some good uses for the element copper?

Copper Wire, Copper Water Pipes, Pennies,


What are facts about wheat pennies?

i know they were made from 1909-1959, and contain a valuable 95% copper. some people melt pennies and turn them into ''copper nuggets'' because the metal used for a coin is worth more than 1 cent


What were pennies made out of after 1983?

1983 and later - copper plated zinc. Some 1982 coins were all copper and some copper plated zinc.


When did the us stop making copper pennies?

They stopped making copper pennies in 1982. There are some 1982 pennies that are 95% copper and some that are not. 1983 pennies that are 95% exist but are rare and are collectors items.While the above statement would seem to be correct, it is, however, not completely true. The U.S. has never stopped making copper pennies, or pennies with some copper content, except in 1943, when they were made of a low-grade carbon steel and coated with zinc (having a grey color); this change was due to the need for copper and brass during World War II. These 1943 wartime pennies are commonly referred to as "steel" pennies. They contain NO copper...More correctly, 1982 was the last mint year for 95% copper cents. Since mid-1982, the newest (current, as of 2012) composition for U.S. one-cent coins ("pennies") has an inner core alloy of 99.2% zinc with 0.8% copper, with the coin balance as an outer plating of pure copper, for a total coin composition of 97.5% zinc and 2.5% copper. These current pennies are commonly called "zinc pennies", due to their heavy-majority zinc content, even though they do still contain some copper. The composition of U.S. pennies from mid-1864 to mid-1982 was an alloy of 95% copper with either 5% tin-and-zinc ("bronze" pennies) or 5% zinc ("brass" pennies). Before that, the composition was an alloy of 88% copper with 12% nickel from mid-1857 to mid-1864 (the only time any U.S. pennies ever contained nickel), and, initially, from 1793 to mid-1857, the first U.S. pennies were made of pure (100%) copper.Since the first U.S. one-cent coins in 1793, U.S. pennies have always contained at least some copper, except, again, in the singular case of the year 1943, the so-called "steel" pennies.Therefore, the most correct answer to the question is either:(1) the U.S. has never stopped making copper pennies, except in 1943; or(2) 1943 is the only year the U.S. stopped making copper pennies, or any pennies with NO copper in them.Hope this helps!


What elements are in a copper penny?

i herd some pennies contain zinc


What pennys are copper?

All US pennies made before 1982 are copper, along with some made in 1982 that are copper, however, copper-coated zinc pennies were also used during that year making identification by weighing necessary.


What is a copper penny?

U.S. cents made before mid-1982, and British pennies made before 1993, were struck in a bronze alloy that was mostly copper. Some very early cents and pennies were struck in pure copper. Modern U.S. cents are made from copper-plated zinc, and British pennies are made of copper-plated steel.


Is it worth collecting copper pennies?

It really depends on the kind of person you are. First off, you need to realize a few things:First, not all pennies are copper, pennies dated before 1982 are all copper, pennies dated 1983 and later are not copper and are only worth half a cent in value. 1982 dated pennies are a mix, some are copper and some are not copper.Secondly, you aren't going to see a huge return, each copper penny is worth about 2 cents or so.Thirdly, a box of pennies ($25 worth) can easily be bought at a bank, they generally average about 25% copper (some areas are more and some are less)Fourth, it is currently illegal to melt down pennies. You can't just take them to the scrap metal dealer. Laws may later be changed, but at this time, you have to sell them to someone who thinks the melt ban will be lifted soon. Because of this, you usually have to discount your coins. Even though they are worth 2 cents, since you can't melt them outright you might have to sell them at 1.5 cents.And lastly, copper pennies are heavy and take up a lot of room for their value.So ask yourself:Do you think that the laws will change in a short period of time to allow you to legally melt your copper to sell it at full price?Are the space costs worth it? Keep in mind that for every $25 (face value) in copper pennies you have, it weighs about 17 pounds.Is it worth the time? You will either have to manually look at every date in a box or invest in a Ryedale or similar sorter (which costs several hundred dollars).If you don't think that the laws will change and its not worth the space and your time, then don't hoard copper pennies. If you think the laws will change or you are ok selling them at a discount and can afford the time and space costs, then it would most likely be beneficial for you.


Can you sell your pennies as copper by weight?

Well, you could... However, pennies are not pure copper. By the time the buyer would melt out the other metal, you probably would not get 1-cent for each penny. I mean, think about it...If copper pennies contained a lot of pure copper, everyone would be taking pick-up trucks full of pennies to sell as copper. But no one does, because it is not pure copper and has little value even after being melted. You'd be better off saving your pennies and buying yourself a CD -- at least the music would give you some enjoyment.


Is copper good for a horse?

It is. Horses love the taste of copper and that's why so may bits are made of copper, copper inlay, or copper plated. Copper is a soft metal and it mixes well the the horse's saliva. If you see a horse that is foaming at the mouth it means he likes his bit and its working well with the spit. Some people think copper makes horses calmer and happier. They even put pennies in the water trough so they get a small dose while drinking. Interesting Fact:You have to use old pennies. Newer pennies don't have enought copper in them. From 1965 back is a good reference.