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The family also believe that the pennies could be of interest to collectors, meaning that they possibly could be worth millions. A penny from 1943 was sold for $1.7m in 2010. Other seldom-seen ...
A penny, on its face, is worth one cent. $0.01 U.S. dollars. On the other hand, that same penny -- if melted down for the copper it contains -- could be worth quite a bit more.
The penny, also known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).
Pennies from pre-2010 and nickels minted between 1982 and 2000 are very common because their composition is similar to American coins, so coin counting machines can't tell the difference. Various currencies, including the 500 Italian Lira coin, the 5 South African Rand coin, and the 10 Thai baht coin, are similar to the 2 Euro coin and are ...
25 Places To Buy a Home If You Want It To Gain Value 3 Things You Must Do When Your Savings Reach $50,000 This article originally appeared on GOBankingRates.com : 10 of the Most Valuable Pennies
Effort to transport and count – Approximately 47 percent of coins minted are pennies and all these pennies (generally over 5 billion annually) must be transported by secure and therefore expensive means from the Mint to banks and then on to stores. [13] Store employees spend valuable time counting low-value pennies at the end of a work shift.
An improperly cleaned Indian Head cent from 1900. Note the wear present, as well as tarnished areas on the "brilliant red" surface. Coin cleaning is the controversial process of removing undesirable substances from a coin's surface in order to make it more attractive to potential buyers.
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors .