Collecting pressed pennies involves amassing a collection of copper cents run through a jeweler's mill, augmenting the collection through buying at auctions and trading with other collectors, and displaying the collection. Many pressed penny collectors choose to concentrate on a single theme, choosing from such pressed penny favorites as the Lord's Prayer, Disney theme park pennies, sports event pennies or pennies representing individual states.Know More
Pressed penny collectors can join one of several organizations devoted to the collections in order to learn where and when new pressed penny machines will be available. Pressed penny groups often allow members to trade their pennies, which lets collectors find the missing pieces they need to fill out their collections. Auctions and private sales also let collectors augment their collections. Printed and online guides are published providing information on pressed penny values. Collectors may also want to create their own databases to keep track of their collections.
While some pressed penny collectors advise against cleaning the coins at all, Park Pennies suggests using silver polish to remove fingerprints or tarnish. Rare or valuable pressed pennies can be preserved by setting them in Renaissance wax. A large pressed penny collection can be stored in plastic pages with pockets typically used by coin collectors, in small boxes or in a fishing tackle box.Learn more in Coins & Currency
To clean pennies, make a vinegar solution, and let the penny soak for five to 15 minutes before rinsing and drying the penny. Polish it further with baking soda if the shine isn't satisfactory. Avoid cleaning collectible pennies that have numismatic worth, as cleaning them can drastically decrease their value.Full Answer >
Current production pennies in the United States are composed of 97.5 percent zinc and 2.5 percent copper. This composition applies to all pennies produced since 1982.Full Answer >
Many money collectors start their collection with their own pocket change. Coins are one of the more common collections. Working to complete a series of coins offers fun and is sometimes profitable, according to About.com.Full Answer >
The value of old pennies can be determined by auction houses, collector organizations and coin dealers. The value varies based upon the type of penny, its condition, the year and place of its minting, and its overall rarity. Some organizations use coin-grading services to authenticate and value coins.Full Answer >