How much is a 1970 silver penny worth?
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How much is a 1970 silver penny worth?
Most 1970 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.02. These coins can only sell for a premium in uncirculated condition. The 1970 penny with no mint mark is worth around $1 in uncirculated condition with an MS 65 grade.
Why does my penny look silver?
The answer depends on the composition of the 1943 penny. If the penny has a silver color, it is made of steel with a zinc coating to make it look nicer and protect it from rusting. They are relatively common in excellent condition since people tended to save them when they were first issued because they were unusual.
How rare is a silver penny?
Are silver pennies rare? The Silver Penny is not rare. The United States Mint, under the authority of Congress, began producing pennies from steel with a thin layer of zinc to save copper for the war effort. This gave the penny an orange/brown copper color instead of its normal orange/copper color.
What makes a 1970 penny valuable?
In 1970 the San Francisco Mint used two different dies to produce Lincoln Cents that year. One die had a date that was larger than the other. The smaller date is the rarer of the two, and carries a premium value. On the large date variety, the “7” in 1970 is lower than the “9” and the “0”.
What pennies are made of silver?
The War Effort and Metals In 1943 U.S. Mint produced the penny out of zinc plated steel to save copper for the war effort, so most 1943 pennies are silver colored.
How can I tell if my penny is silver?
The best way to determine if your coins are silver is to view the edge of the coin. If the coin has a solid silver stripe, then you can feel confident that it’s silver. If you can see a copper stripe, then the coin is clad.
Are coins from the 1970’s worth anything?
Therefore, the 1970 quarter is quite common and can still be found in circulation today. Uncirculated examples can be purchased from your local coin dealer or online dealers for a few dollars. In a matter of fact, the most expensive 1970-S quarter ever sold was only $110.
What is a 1970-S Small Date penny?
The 1970-S Small Date is also known as the so-called “High 7” variety, as the top of the digit “7” in the date perfectly lines up with tops of the other three numerals in the date. Thus, the tops of all four date digits should all align with an imaginary plane atop of the date.
How much is a 1970-S Small Date penny worth?
The 1970-S Lincoln Cent in the Marketplace By comparison, the 1970-S Small Date is a much more valuable coin, with PCGS MS65RD specimens setting collectors back by $80 and PCGS PR65CAM examples trading for $75. Many of the more competitive PCGS Set Registry members will set their sights on the top pop specimens.
