Penny us coin

Official websites use. Share sensitive information only on official, secure websites. The person on the obverse heads of the penny is Abraham Lincoln, our 16th president. The current design on the reverse tails is a Union Shield, penny us coin.

Topic Areas About Donate. That year, the U. Mint circulating coins 31 U. The reverse featured an image of dollar, quarter dollar, dime, nickel, and penny. President Lincoln.

Penny us coin

It has been the lowest face-value physical unit of U. The first U. Due to inflation , pennies have lost virtually all their purchasing power and are often viewed as an expensive burden to businesses, banks, government especially mints and the public in general. The penny is issued in its current form as the Lincoln cent , with its obverse featuring the profile of President Abraham Lincoln since , the centennial of his birth. From the sesquicentennial of Lincoln's birth to , the reverse featured the Lincoln Memorial. Four different reverse designs in honored Lincoln's th birthday and a new, "permanent" reverse — the Union Shield — was introduced in The coin is 0. The current copper-plated zinc cent issued since weighs 2. The U. Mint 's official name for the coin is " cent " [1] and the U.

Archived from the original on June 17, The initials "FG" appear on the right, near the shrubbery. The Washington Post.

The Lincoln cent sometimes called the Lincoln penny is a one-cent coin that has been struck by the United States Mint since The obverse or heads side was designed by Victor David Brenner , as was the original reverse, depicting two stalks of wheat thus "wheat pennies", struck — The coin has seen several reverse, or tails, designs and now bears one by Lyndall Bass depicting a Union shield. The penny nickname is a carryover from the coins struck in England, which went to decimals for coins in In , sculptor Augustus Saint-Gaudens was hired by the Mint to redesign the cent and the four gold coins, which did not require congressional approval.

Official websites use. Share sensitive information only on official, secure websites. The person on the obverse heads of the penny is Abraham Lincoln, our 16th president. The current design on the reverse tails is a Union Shield. It has been on the penny since The 13 stripes on the shield represent the 13 original states.

Penny us coin

Charts list coin series and their minimum values for each type. The mobile guide represents what the common dates within each series are worth. This quick reference links to in-depth - date by date coverage of series and how to value these old coins.

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Smithsonian National Museum of American History. Archived from the original on December 18, Retrieved March 3, Archived from the original on August 5, Barber in Philadelphia. The centennial of the birth of assassinated president Abraham Lincoln would occur in February , and large numbers of privately manufactured souvenirs were already being issued. Production commenced on February 27, , and by December 31 of that year, the three Mint facilities had produced 1,,, of the one-cent coins. Many newsboys were among those who profited from the new coins; crowds gathered around the windows where the coins were for sale in Washington until order was restored. Fun Fact! There are more one-cent coins produced than any other denomination, which makes the Lincoln cent a familiar item. Before the coins were issued, however, the initials "VDB" were substituted because officials at the United States Mint felt the name was too prominent. Archived from the original on August 16, Mint production capacity to production. Leach contacted Brenner to ask his fee for designing the coin.

Coins Guide.

It has been suggested that the penny should be eliminated as a unit of currency for several reasons. In , the U. Within the seigniorage amount, the cost to produce a penny was 2. From to , salvaged ammunition shells made their way into the minting process, and it was not uncommon to see coins featuring streaks of brass or having a considerably darker finish than other issues. These experiments used various designs, since actual Lincoln cent dies could not leave government custody. Retrieved October 4, Archived from the original on June 4, A popular coin was the British penny, which our cent is named after. Bronze cents from to are 3. Similarly, some steel cents have been confirmed. In early January , cents bearing the current date and with the mint mark P appeared in circulation. Retrieved March 31,