A penny for your thoughts might be something to take another look at if you want to be a quick millionaire.
When it comes to American currency what you have might be worth more than face value. Certain dollar bills are considered collector’s items depending on the numerical order of the serial number associated with the bill which is unique for each one. Finding a dollar bill with all of one number or consecutively alternating numbers from 1 to 9 can result in the bill being worth significantly more than a dollar.
This also happens to be true for the penny. A special type of penny exists that is worth almost 2 million dollars and should make everyone take a second look at their pennies from now on. Although the penny gives the illusion of being made from copper the reality is that after 1982 copper became too high of a commodity and therefore the penny was merely copper plated after that year. Before 1982 the penny was made of almost all copper but that’s not the type of penny worth some serious money.
In 1943 absolutely no copper was used during the production of the penny due to the war and this penny is the one you want to keep your eye out for.
Ever since 1909, the Lincoln penny has been in circulation. It has had several variations throughout the decades including a complete redesign of the tail side. For most of the 20th century, the U.S. Mint used copper to create these common coins. But one year during World War II, they needed to change their process.
Lincoln pennies usually fall in one of two categories. The pre-1982 penny, which was made of mostly copper, and those minted after ’82. All pennies produced before 1982 were made of 95% copper, with the remaining materials either zinc or tin. After 1982 copper became too valuable so 97.5% of the penny is made from zinc and the rest is copper-plated.
But during the World War II year of 1943, the government decided to strip coppers out of their pennies altogether. Instead, they created pennies of zinc-plated steel or in rarer cases zinc-plated bronze. Instead of putting the useful metal into coins, the government needed the copper for ammunition casings.
The government did their best to remove the steel pennies from circulation after the war. But nonetheless, a few escaped their mass recall. These pennies are rare and highly collectible.
But the few pennies that were minted in bronze during 1943 were done so only in error. Because of this mistake, they are extremely valuable and collectors will pay exuberant sums to obtain them.