I recently heard on the news that any penny pre 1982 is worth atleast $1. This is because the copper content. If this is so, then how can wheaties and such sell for less than $1 a piece?

Pre1982 cents are worth more than $0.01 not $1.00. I wish they were though.

Oh I guess that its possible that I miss understood...this was several months ago that I heard this report...

Description Denomination Metal Value Metal % of Denomination
Lincoln Cent 1909-1982 Cent (95% copper) * $0.01 $0.0215236 215.23%
Jefferson Nickel 1946-2007 Nickel $0.05 $0.0889196 177.83%
Lincoln Cent 1982-2007 Cent (97.5% zinc) * $0.01 $0.0087156 87.15%
Jefferson Dime 1965-2007 Dime $0.10 $0.0241844 24.18%
Washington Quarter 1965-2007 Quarter $0.25 $0.0604648 24.18%
Kennedy Half Dollar 1971-2007 Half Dollar $0.50 $0.1209306 24.18%
Ike Dollar 1971-1978 Eisenhower $1.00 $0.2418624 24.18%
SBA 1979-1981, 1999 SBA $1.00 $0.0863781 8.63%
Sacagawea 2000-2007 Sacagawea $1.00 $0.0614981 6.14%
Presidential 2007 Presidential $1.00 $0.0614981 6.14%

From coinflation.com, you can see the pre-1982's are worth a bit over 2¢ eaches.

Oh, I see. Thanks a ton! Oh, and not to bust you out or anything, but I'm pretty sure that you meant Roosevelt Dime and not Jefferson Dime Honest typo.

I cut and pasted from their site, somehow Roosevelt and Jefferson, you know same thing?

Yeah...I know what you mean. They look like twins on their coins! I cant believe it! Sometimes I even have trouble telling one from the other! Its crazy!!