National One Cent Day is another one of those "national holidays" that make every day something to celebrate. On April 1st, we take a step back to recognize and celebrate the penny for its true value and place in American history. Though the vast majority of people won't even bother to pick up a dropped penny, there's always those who will. These penny savers know the value of those little copper disks and they collect them like it's a hobby.
True, you can only accumulate so much cash by rolling pennies, but what if you did it for a lifetime? What if every time you see a lost penny on the pavement, you make a vow to pick it up and stash it? The truth is, pennies have value and saving them could be more rewarding than you'd think. In fact, the amount of money you could amass from saving your change and picking up pennies could add up to a small fortune over several decades. Imagine a life without credit card debt or the need for a payday loan, all thanks to the humble penny. Here's a little history on pennies and how these tiny cents could add up to big bucks:
The original one-cent coin was first produced by a private mint in 1787. It was designed by Benjamin Franklin and is referred to as the Fugio cent. Over the years, this coin took on different images and sizes, but still held the same value. It wasn't until 1909 that this 1-cent coin would feature the image of Lincoln. The United States penny was originally made of pure copper, but was altered into a copper/zinc combination by the early 1980s in order to decrease production costs. Though there's been some debate over whether or not to keep the penny in production, it's still in circulation today.
Believe it or not, you can sell your pennies. While most pennies are hardly worth anything at all, there are some that are worth a small fortune. In 1944, pennies were accidentally produced using steel instead of copper and were quickly replaced. These extremely rare 1944 steel pennies are valued at nearly $100,000. In 1955, 24,000 pennies were produced with Lincoln's profile depicted on both sides of the coin. In good condition, these double-headed pennies can exceed $10,000 in value. With a little research, you can find out which pennies collectors are looking for and sell them for a nice chunk of change.
Even if you don't possess the rarest and most valuable of pennies, you can still cash in on the ones you do have. Every penny counts and every coin is worth saving. Get a jar or one of those big plastic water cooler jugs and fill it with your loose change. After a few years have passed and your change jar is filled to the top, roll up your coins and take them to the bank. It may take time, but hey, it's a payday worth waiting for.
Overall, if you wish to observe this national holiday known as "National One Cent Day," try doing a little of your own research on the history of the penny. Look at how much pennies are selling for online. Count your own pennies and maybe even start a penny collection. Whatever way you choose to celebrate National One Cent Day, remember that every penny counts and when several little coins come together, they can add up to big things.