Sunday, July 22, 2012

Inspect Old Pennies!

We all have pennies hiding in cracks and couch crevices of our home. Many of us also have jars full of them. Unfortunately, not a lot of value is placed on these little brown pieces of currency, because they're technically only worth one cent! That is, usually...

Did you know there are some rare pennies out there worth as much as $100,000? Believe it. Of course, they are very hard to come by, but it's worth taking a look at the date of any ancient lookng pennies you might come across.

In 1943, due to efforts to conserve resources for the war, the U.S. decided to shift from printing pennies on copper to printing them on steel. However, for some reason, a few pennies were still printed on copper that year, but they are extremely rare. Due to their rarity, they are worth as much as $100k, depending on their condition.

In 1944, the US decided to go back to printing copper pennies, but just like the year before, some rogue pennies were printed, this time steel. Hence, 1944 steel pennies are just about as rare as the 1942 copper ones, and subsequently worth about the same.

So, if you have some extra time on your hands, it might be well worth it to sort through those pennies you had written off as close to worthless.

Beware, there are counterfeits out there! Check out the video below to help you authenticate a penny you may believe to be one of the valuable few.

No comments:

Post a Comment