Why are 1980 pennies worth 20 dollars

They can be worth anywhere between 3 and 5 cents, while the steel pennies can be worth towards 20 cents, all depending on the condition. It's worth around pennies! This is 20 Chinese Yuan. As at 11Oct09 20 Yuan was worth 2. In average condition, it's worth a dollar or two. It worth about 20 dollars. A roll of pennies contains 50 pennies, or 50 cents. Two rolls is 1. Log in. Coins and Paper Money. US Coins. Study now. See Answer. Best Answer. Study guides. These pennies also have an "S" below the year, which shows that they were minted in San Francisco.

At most, 1, of these pennies made it to circulation before the mistake was discovered. Usually, those two letters are clearly separate, but a mix-up with the die, the object they stamp the coins with, led to the error. On the pennies, the Mint accidentally used a die meant for collectors coins. There were actually , pennies printed this way, and while it has to be in shiny, new condition to go for 20 grand , a used one could still go for around 2 to 3, bucks.

This penny also got double stamped, with the mistake once again visible in the word "Liberty. Once again, another coin that got stamped twice. It is a little more subtle on this penny, only really visible in the letter "B" of "Liberty. One of the most popular types of coins to collect are penny errors.

This broad category includes most of the unusual Lincoln cents that have managed to escape the United States Mint over the years.

This is a complex area of the hobby, as the Lincoln cent has been in production since and covers more than a century of numerous errors. This article will provide an at-a-glance review of the most valuable errors and varieties. One should consult a Lincoln cent reference book to understand better the many varieties found among Lincoln cents.

David Bowers Whitman Publishing. One of the trickiest Lincoln cent errors to catch is the D "no D. Grease from the coining press can get on a die, filling a design element. Coins struck with that die will be missing that design element. Lincoln cents struck with this die are missing the "D" mint mark.

This made the pennies look like they were minted in Philadelphia, which does not have a mint mark. The only reason that this famous "no D" error was discovered, was that Philadelphia didn't make Lincoln cents in Every Lincoln cent struck before except for the wheat penny were made from a mostly copper composition. They are now worth closer to two cents for the metal value.

Lincoln wheat cents were all bronze, struck from through Youngs' operation, the Portland Mint, is locked inside a secure facility that deals with armored cars -- selling and shipping to clients in every state -- and works in pennies by the ton.

He said he has clients with deep pockets who are storing huge sacks of pennies and he has inquires from hedge funds. The copper value is about three times that much. But in the weird world of penny hoarding, getting to the copper is a very big problem.

Penny hoarders know this of course, but they also know something else. In what could be the biggest legislation to hit the U.