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Coinflation: Copper Lincoln penny intrinsic value and coin price
 
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1909 Lincoln Copper Cent Penny Melt Value

1909 - 1982 Copper Lincoln Cent Value (United States)

U.S. MINT SPECIFICATIONS
Denomination:$0.01
Obverse Image:U.S. President Abraham Lincoln
Reverse Image:1909-1958: Wheat Ears
1959-1982: Lincoln Memorial in Washington, D.C.
Metal Composition:95% copper, 5% zinc
Total Weight:3.11 grams
Comments:The 1943 steel cent fabricated during WWII does not have a copper/zinc metal composition.



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CALCULATING TODAY'S MELT VALUE (USD)
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
 
 $2.2400  =copper price / pound on Oct 15, 2008.
.95  =copper %
$0.5706  =zinc price / pound on Oct 15, 2008.
.05  =zinc %
3.11  =total weight in grams
.00220462262  =pound/gram conversion factor (see note directly below)


The NYMEX uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.



1. Calculate 95% copper value :

    (2.2400 .00220462262 3.11 .95)  =  $0.0145900


2. Calculate 5% zinc value :

    (0.5706 .00220462262 3.11 .05)  =  $0.0001955


3. Add the two together :

    $0.0145900 + $0.0001955 = $0.0147855




$0.0147855 is the melt value for the 1909-1982 copper cent on October 15, 2008.



  ← Calculate the value of your own coins.


MINTAGE AND COLLECTIBLE VALUE (USD)
The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).

YearMintageNumismatic Value Range
190972,700,000$1.50 - $90.00
1909 VDB27,995,000$10.00 - $100.00
1909 S1,825,000$64.00 - $2,100.00
1909-S VDB484,000$710.00 - $10,000.00
1910146,798,813$0.30 - $200.00
1910 S6,045,000$10.00 - $800.00
1911101,176,054$0.30 - $400.00
1911 D12,672,000$5.30 - $1400.00
1911 S4,026,000$15.00 - $4000.00
191268,150,915$1.50 - $300.00
1912 D10,411,000$7.50 - $1900.00
1912 S4,431,000$12.00 - $2000.00
191376,529,504$0.80 - $400.00
1913 D15,804,000$2.80 - $2200.00
1913 S6,101,000$7.80 - $5200.00
191475,237,067$0.50 - $400.00
1914 D1,193,000$140.00 - $6500.00
1914 S4,137,000$10.00 - $12500.00
191529,090,970$1.30 - $2000.00
1915 D22,050,000$1.80 - $1100.00
1915 S4,833,000$11.50 - $5000.00
1916131,832,627$0.30 - $400.00
1916 D35,956,000$1.30 - $2400.00
1916 S22,510,000$2.30 - $6400.00
1917196,429,785$0.30 - $400.00
1917 D55,120,000$1.30 - $2400.00
1917 S32,620,000$0.50 - $4400.00
1918288,104,634$0.30 - $400.00
1918 D47,830,000$1.30 - $3400.00
1918 S34,680,000$0.35 - $5700.00
1919392,021,000$0.20 - $100.00
1919 D57,154,000$1.20 - $2100.00
1919 S139,760,000$0.25 - $3050.00
1920310,165,000$0.25 - $250.00
1920 D49,280,000$1.25 - $2250.00
1920 S46,220,000$0.75 - $3400.00
192139,157,000$0.75 - $400.00
1921 S15,274,000$1.50 - $4900.00
1922 D7,160,000$12.00 - $3000.00
192374,723,000$0.50 - $425.00
1923 S8,700,000$2.50 - $13425.00
192475,178,000$0.25 - $350.00
1924 D2,520,000$16.00 - $4000.00
1924 S11,696,000$1.50 - $10000.00
1925139,949,000$0.50 - $90.00
1925 D22,580,000$1.10 - $4000.00
1925 S26,380,000$0.75 - $6000.00
1926157,088,000$0.25 - $50.00
1926 D28,020,000$1.25 - $4050.00
1926 S4,550,000$5.00 - $48000.00
1927144,440,000$0.20 - $70.00
1927 D27,170,000$1.25 - $1500.00
1927 S14,276,000$1.50 - $5500.00
1928134,116,000$0.10 - $90.00
1928 D31,170,000$1.10 - $950.00
1928 S17,266,000$1.00 - $3600.00
1929185,262,000$0.20 - $80.00
1929 D41,730,000$0.50 - $490.00
1929 S50,148,000$0.50 - $500.00
1930157,415,000$0.15 - $30.00
1930 D40,100,000$0.25 - $80.00
1930 S24,286,000$0.25 - $40.00
193119,396,000$0.50 - $140.00
1931 D4,480,000$5.00 - $1050.00
1931 S866,000$65.00 - $1000.00
19329,062,000$1.50 - $100.00
1932 D10,500,000$1.20 - $80.00
193314,360,000$1.20 - $75.00
1933 D6,200,000$3.50 - $100.00
1934219,080,000$0.10 - $10.00
1934 D28,446,000$0.15 - $20.00
1935245,388,000$0.10 - $10.00
1935 D47,000,000$0.15 - $16.00
1935 S38,702,000$0.15 - $16.00
1955 doubled dieunknown$1525.00 - $50000.00
1970 S small dateunknown$15.00 - $200.00
1972 doubled dieunknown$285.00 - $1000.00

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EBAY AUCTIONS - LINCOLN CENT (COPPER)
I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.

View all copper Lincoln Cent auctions or those with the least time left (below).

 eBay Marketplace Logo
PictureProductPriceBidsTime Left
Rare 2008 Lincoln Cent "NO COPPER" Error NR$59.9912h 59m
398 Lot 1909 -1919 Lincoln Wheat Cent Copper Wheaties$65.00-18h 37m
1982 LINCOLN CENT 7 VARIETY PENNY SET. - COPPER & ZINC$4.9920h 30m
2 Penny Earrings Lincoln Copper Cent Charms Studs 19mm$6.6923h 43m
2 Penny Earrings Round Studs Lincoln Cent Copper 10mm$6.511d 00h 38m
"OVERSTRUCK" GENUINE LINCOLN CENT COPPER BULLION ROUND$0.9911d 07h 24m
1982 LINCOLN CENT 7 VARIETY PENNY SET. - COPPER & ZINC$4.991d 19h 21m
1930 D COPPER LINCOLN CENT GOOD USC-1$0.99-1d 20h 55m
1948 S LINCOLN COPPER CENT UNC. USC-7 MINT CONDITION$0.99-1d 21h 01m
1923-S LINCOLN WHEAT CENT PENNY Old U.S. Copper Coin$0.8911d 22h 14m
Replica 1943-P Lincoln Cent Penny(Errors,COPPER)$0.1522d 00h 10m
Replica 1943-S Lincoln Cent Penny(Errors,COPPER)$1.6532d 00h 10m
"OVERSTRUCK" GENUINE LINCOLN CENT COPPER BULLION ROUND$0.9912d 08h 39m
1909 VDB Lincoln cent No Reserve copper penny$0.1522d 17h 25m
2 WHITMAN LINCOLN HEAD CENT-US ALBUMS -95 COPPER COINS $5.0012d 18h 43m
View all 43 items on eBaydisclaimer


CHARTS
Long-term metal price charts for the Lincoln cent (95% copper):

     [Most Recent Quotes from www.kitco.com]      






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