What’s a penny worth to you? If you’re one of the millions of Americans who have called for the discontinuation of the penny, it’s not even worth the copper it’s made from. But before you throw all of your pennies in the trash, check to see if any of them are the 1943 copper-alloy one cent coin—otherwise known as the most valuable penny in the world. Just 40 of these rare coins are known to exist. The first 1943 copper penny was sold in 1958 for more than $40,000, and another one went for a whopping $82,500 in 1996. But those sales pale in comparison to a recent transaction in which a New Jersey coin dealer sold his 1943 penny for $1.7 million.
Do you have a rare coin collection? Would you like to diversify your investment portfolio with precious jewelry and rare coins? If you answered yes to either question, contact California Numismatic Investments. We are one of America’s largest precious metals and rare coin dealers. Visit our website to learn how we can help you buy or sell precious metal and/or rare coins, or call us toll-free at (800) 225-7531 to speak with one of our dealers.