Loading ...How much are your coins worth
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I was reading through snopes answer to the question -Is a penny worth less than the manufacturing? They answered in essence that yes, but…. “pass through hundreds, thousands, and maybe even millions of hands before they somehow drop out of circulation, which more than covers the additional 0.2¢ that went into their manufacture.”
Did you know that that pennies that were made before 1982 and nickels are worth more in metal though?
According to the week of 2/9/08 -via Coinflation.com
Penny 1909-1982 (95% copper) face value is 1¢ metal value is 2.3¢
Nickel 1946-current (nickel) face value is 5¢ metal value is 6.2¢
However you can’t melt them down for their metal content (document)
There are some coins that don’t need to be melted down and do quite well kept as a coin, these are the silver coins
War Nickels (1942-1945) metal value is over 95¢
Dimes (1916-1964) metal value is at least $1.20
Quarters (1932-1964) metal value is about $3.10
Half dollars (1916-1970) since metal content varies from 40%-90% -metal value is $2.50-6.00 each
Dollars coins (1878-1935) metal value is over $13
Dollar coins (1971-1976) metal value is over $5 since they are only 40% silver
There is also a nice list of Canadian silver coins as well.
Based on this, if you are wanting to collect some ‘precious’ metals and you enjoy the hunt but don’t have a metal detector, these are the cheapest way (face value) to get them since many of them are still in circulation to this day.
I used to have this list printed out so that I could check my coins before putting them back in circulation and giving someone else a ‘find’.
If you are just interested in old US coin values, check out coins on eBay or a price guide
Or if you prefer to wear your money or make your own ring from a coin
Update - 60 Minutes had a recent story on whether to get rid of the penny or not
What a coincidence. My wife went and bought $20 in half-dollar coins from her bank last week to give out to kids for a chinese new year’s presentation. Among the forty were 7 1964 Kennedy’s which are 90% silver. I kept those.
The quick and easy way to ID some high silver items like the 1964 half dollar and silver quarters is to look at the edge. If you see the copper core underneath, it is copper clad (though some may still have silver content). If you see all silver it is a keeper!
February 10th, 2008 at 10:34 pmI have seen some 2000 and 2006 dimes that show oh-so-little amount of copper that have thrown me off… they need to make them more half and half! haha
February 11th, 2008 at 6:59 pm