Have you ever heard the saying: “see a penny pick it up, all day long you’ll have good luck”? These sayings have been passed down from generation to generation, and whether you believe in luck or not, start collecting some pennies for they can make you incredibly rich. You are probably questioning how a penny, a coin with very low profit, can make you incredibly rich.
In the past, pennies were made solely of copper, but as time went on, the material used to make pennies also included zinc and steel, along with a slight percent of infused copper. The 1943 copper-alloy cent is reported to be the most valuable Lincoln penny of all as there are only 40 coins in existence made from copper. This means we should start scavenging for these pennies. If you are still questioning how one penny would benefit you, maybe this can persuade you: the 1943 penny is worth 1.7 million dollars, or at least what the last dealer sold it for. To put this in perspective, in 1958, the copper cent was sold for $40,000 dollars. As time passes, the value of this penny will only increase as the value of rare items increases with time.
As many people know about this fabulous penny that could make us thousands, if not millions, of dollars, scammers have found a way to create counterfeit pennies. How are these pennies made? The pennies are first coated with copper but still contain steel and zinc and the dates can be altered. How do you make sure your lucky penny is legitimate? Simply get a magnet and place it by your penny. If the penny sticks to the magnet, it is a fraudulent coin, meaning it is made of copper-plated steel.
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