Coinflation: Zinc Lincoln penny value and coin price
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1982-2014 Lincoln Zinc Cent Penny Melt Value

1982 - 2014 Zinc Lincoln Cent Value (United States)


U.S. MINT SPECIFICATIONS
Denomination:$0.01
Obverse Image:U.S. President Abraham Lincoln
Reverse Image:Lincoln Memorial in Washington, D.C.
Metal Composition:97.5% zinc, 2.5% copper
Total Weight:2.5 grams
Comments:The zinc and copper versions of the cent were both produced in 1982. They can be differentiated by weight (3.11 grams for the 1909-1982 copper cent, 2.5 grams for the 1982-2014 zinc cent).


    
CALCULATING TODAY'S MELT VALUE (USD)
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
 
$1.0756  =zinc price / pound on Sep 01, 2014.
.975  =zinc %
 $3.1901  =copper price / pound on Sep 01, 2014.
.025  =copper %
2.5  =total weight in grams
.00220462262  =pound/gram conversion factor (see note directly below)


The CME 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 97.5% zinc value :

    (1.0756 × .00220462262 × 2.5 × .975)  =  $0.0057797


2. Calculate 2.5% copper value :

    (3.1901 × .00220462262 × 2.5 × .025)  =  $0.0004393


3. Add the two together :

    $0.0057797 + $0.0004393 = $0.0062190




$0.0062190 is the melt value for the 1982-2014 zinc cent on September 01, 2014.



  ← 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
1982unknownmelt - $1.50
1995 doubled dieunknown$25.00 - $280.00

If you're interested in learning more about grading coins, Photograde is an excellent resource.


EBAY AUCTIONS - LINCOLN CENT (ZINC)
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 Lincoln Cent auctions or those with the least time left (below).



CHARTS
Long-term metal price charts for the Lincoln cent (97.5% zinc):

           [Most Recent Quotes from www.kitco.com]





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