Valuable old pennies include the half-cent penny, the American large cent, the flying eagle penny, the Indian penny and the Lincoln wheat penny. The exact value of each coin depends upon its condition, the date it was minted and its particular design.
The Lincoln wheat penny, minted from 1909 to 1958, can fetch anywhere from a few cents to more than $1,000, depending on the rarity of coins in the year it was produced. For example, pennies minted in 1922 are much more rare than those minted in 1955 and are significantly more valuable. Half-cent pennies minted in the 18th century can fetch more than $10,000 at auction, according to Coin Values Discovery.Learn More
Wheat pennies vary in worth depending on the condition of the penny and the year in which it was minted. As U.S. currency, all wheat pennies are worth at least 1 cent, but rarer coins minted with anomalies or in limited runs are worth substantially more.Full Answer >
One way to clean old pennies is to soak them a solution of salt and vinegar. A mixture of ¼ cup of vinegar and 1 tablespoon of salt cleans 20 to 30 pennies in about five minutes.Full Answer >
Old U.S. pennies may carry a value anywhere between a couple cents to over $1,000, depending primarily on the date, condition and mintmark of the coin. In general, coins with earlier dates are worth more money than those with later dates.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 >