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The Lincoln cent (sometimes called the Lincoln penny) is a one-cent coin that has been struck by the United States Mint since 1909. 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 1909–1958).
In the Middle Ages, an English penny's weight was literally, as well as monetarily, 1 ⁄ 20 of an ounce and 1 ⁄ 240 of a pound of sterling silver. At that time, the pound unit in use in England was the Tower pound, equal to 7,680 Tower grains (also known as wheat grains). The medieval English pennyweight was thus equal to 32 Tower grains.
The Lincoln cent or Lincoln penny is also colloquially referred to as a wheat penny because the reverse features two wheat heads. The 1909 penny weighs 3.11 g (0.110 oz) and has a 19 mm (0.75 in) diameter with a plain edge. The composition of the penny is bronze. [1] Its metal composition is 95% copper, 2.5% tin and 2.5% zinc. [2]
It may be time to dig out that old piggy bank and see if you’ve got a fortune stashed away.
A coin in average condition is only around $4, but a mint-condition 1924-S wheat penny could be valued at around $12,000. Auction record: $45,600. 1943 Bronze Lincoln Penny.
1943-D Lincoln Bronze Wheat Penny — $2.3 million. 1944-S Steel Wheat Penny — $1.1 million. 1793 Strawberry Leaf Cent — $862,000. 1943-S Lincoln Cent Struck on Bronze — $282,000.
The penny, formally known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).
Seasoned coin collectors are already well familiar with Wheat Pennies, a U.S. one cent coin issued from 1909 to 1958 that has an image of Abraham Lincoln on the obverse side and two stalks of ...
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