Q:

How old does a penny have to be to be worth more than one cent?

A:

Quick Answer

Pennies made prior to 1982 have a copper content that is worth more than their face value. Wheat pennies issued between 1909 and 1956 are also worth more to collectors than their face value.

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How old does a penny have to be to be worth more than one cent?
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Full Answer

Pennies minted before 1982 are made of 95 percent copper (about 2.95 grams). As of 2014, copper prices have risen such that this amount is worth a little more than two cents when melted down. However, destroying currency is a crime, so it is difficult to redeem this value. Indian Head pennies (minted from 1859 to 1909) and wheat pennies typically have a value to collectors that is greater than the currency face value.

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