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The penny, also 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).
The Lincoln cent (sometimes called the Lincoln penny) is a one-cent coin that has been struck by the United States Mint every year 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).
The half cent and cent were made of pure copper, the half dime, dime, quarter, half, and dollar in 90% silver, and the quarter, half and full eagle in .9167 gold (later changed to .8992 in 1834, and then 90% gold in 1837). All of the coins featured Liberty on the front and a bald eagle on the back. This period of coinage covers several designs ...
Since 1982, copper-plated pennies have been made primarily from zinc. Ironically, the other mainstream coins are primarily made from copper, with roughly 75% content for nickels and more than 90% ...
Pennies were made of copper before 1962 and are currently made majority of zinc but with copper plating. Lincoln has been on the penny since 1909, and the penny was the first coin made by the U.S ...
The law prior to 1965 made it a felony to forge silver coins; this was amended by section 211 to forbid the counterfeiting of coins with denomination greater than five cents. [67] Section 212 made using coins as security for loans a misdemeanor if the secretary has made a proclamation in the Federal Register proscribing their use as collateral ...
As a result, with only a few wartime exceptions, any penny from 1981 or earlier -- and some made in 1982 -- have a high copper content. At current copper prices, the melt value of older pennies is ...
The half-cent piece was made of 100% copper and half of a cent, or one two-hundredth of a dollar (five milles). It was slightly smaller than a modern U.S. quarter with diameters 22 mm (1793), [1] 23.5 mm (1794–1836), [2] and 23 mm (1840–1857). [3] They were all produced at the Philadelphia Mint.