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The value of the metal is between 2 and 3 US cents (about 2.5 cents) But it varies as copper changes value. I do not believe it is legal to "melt down" a penny(s) for the metal and make the additional profit off of it, because this could be construed as defacing money. I have heard that since the government/banks are trying to remove the pennies from circulation they have been deemed something like "recalled" type status and this disables them from stopping someone from doing such things, but I am not sure which research Is correct, so it may be a gray area. I would recommend looking into the laws before trying something like that, but just collecting the copper pennies can not be deterred by anyone so maybe one day when copper is not "legal tender" anymore and it is worth a whole lot more, you might be glad you kept the pre-1982 copper pennies!

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Q: What is the price of copper pennies before the year 1982?
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Related questions

What is the percentage of copper are in pennies before 1980?

Pennies minted before 1982 are composed of 95% copper and 5% zinc.


Is the ratio of copper to zinc in the pennies made after 1982 higher or lower than the ratio of copper to zinc in the pennies made before 1982?

The pre-1982 pennies are 95% copper and 5% zinc. Post-1982 cents are 97.5% zinc and 2.5% copper.


Were 1950's pennies made of cooper?

Pennies from 1982 and before were all copper


What are you S Pennies made of?

Pennies minted before 1982 are made of 95% copper and 5% zinc. Pennies minted after 1982 are made of 97.5% zinc and 2.5% copper, with a thin copper plating.


Why do pennies before 1982 have a higher density than 1982?

Pennies before 1982 were made of 95% copper, which has a higher density compared to the 97.5% zinc composition used in pennies starting in 1982. This change was made due to the increasing cost of copper.


Why are pennies from pre-1982 and from 1982 made of different material?

Pennies made before 1982 were composed of 95% copper and 5% zinc, while those made in 1982 were transitioned to a composition of 97.5% zinc and 2.5% copper. This change was primarily due to the rising cost of copper which made it more expensive to produce the coin.


Metal in pennies?

Since 1982, pennies have been 97.5% zinc and 2.5% copper. Before that, they were 95% copper and 5% zinc.


Why do pennies not have as much copper as they did in 1982?

The price of the copper to make the coin cost more than 1 cent.


Does pennies have iron in it?

Yes, pennies minted after 1982 in the United States are made of copper-plated zinc, not iron. However, older pennies minted before 1982 are made of 95% copper.


Is there such thing as an all copper penny?

No. Pennies made before 1982 were 95% copper, with 5% 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 pennies have more copper content?

Pennies minted before 1982 have a higher copper content, with 95% copper and 5% zinc. Pennies minted from 1982 to present have a copper-plated zinc core composition, with 97.5% zinc and 2.5% copper.