1983 no mint rare us penny, circulated. I have owned this coin since end of 1983 and this coin has not circulated for 39 years. Based on us treasury stats, of the pennies minted each year as much as 77% cease circulation each year. That would mean of the original 7.752 billion minted of this coin there are probably less than 0ne hundred still in circulation.
The balance have been lost, or throw away vacuum, trash, etc. And a few are collected. What gives coins their value coins derive their value from two principal sources. The first is the physical mental contained in the coin, which is also known as its bullion value.The second source of value in a coin is its collector or numismatic value. This factor applies mostly to antique and rare coins, and is quite a bit harder to determine than bullion value. Of the top five items people collect coins are number three.
In addition coins are number ten on the top sixty most appreciating assts. The us will cease minting any new pennies in april 2022, which will only service to increase the value of this coin as well as all us pennies.