Penny collecting is a fascinating hobby that can lead to some surprising discoveries. One such find is the 1982 penny, which can be worth up to $35,000! In this article, we’ll explore what makes this penny so special and how you can identify if you have a valuable one.
The Context of the 1982 Penny
In 1982, the U.S. Mint changed the way they made pennies. Before this, pennies were made of 95% copper. But due to rising copper prices, they switched to a new formula of 97.5% zinc and 2.5% copper for most of that year. This created two types of pennies: copper pennies and zinc pennies.
Types of 1982 Pennies
| Type | Composition | Weight | Rarity |
|---|---|---|---|
| 1982 Copper Penny | 95% copper, 5% zinc | About 3.11 grams | Much rarer due to limited minting after the switch |
| 1982 Zinc Penny | 97.5% zinc, 2.5% copper | About 2.5 grams | More common; typical pennies found in circulation |
The $35,000 Penny: What Makes It Special?
The 1982 Small Date Copper Penny can sell for $35,000. This penny is special because:
- Minting Error: Some copper pennies have a smaller numeral “2” in the date, making them rare.
- Rarity: Fewer small date copper pennies were produced, increasing their value.
Identifying a Valuable 1982 Penny
To see if your penny is a valuable one, follow these steps:
- Check the Date: Look for a smaller “2” in the date.
- Weigh the Penny: It should weigh about 3.11 grams.
- Look for Mint Marks: A lack of mint mark means it was made in Philadelphia; a “D” means Denver.
- Assess Condition: The better the condition, the more valuable it is.
Where to Get Your Penny Appraised
If you think you have a rare penny, consider these options for appraisal:
- Coin Dealers: They can help evaluate and possibly buy your penny.
- Coin Shows: Great places to meet other collectors and get appraisals.
- Online Auctions: Websites like eBay can help you sell your penny.
Conclusion
The 1982 penny, especially the Small Date Copper version, is an incredible example of how a simple coin can be worth $35,000. If you find a 1982 penny, take a closer look. You might be holding a valuable piece of history!
FAQ’s
What makes the 1982 Small Date Copper Penny so valuable?
It’s valuable due to its rarity and a minting error. The small “2” in the date makes it highly sought after, with some selling for up to $35,000.
How do I know if my 1982 penny is a copper penny?
Weigh the penny: a copper penny should be about 3.11 grams. If it weighs around 2.5 grams, it’s a zinc penny.
