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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 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 Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
Lincoln pennies struck from 1963 through around mid-1982 have a solid brass composition made up of 95% copper and 5% zinc, Numismatic News reported. ... 1864 Indian Head Penny “L” on Ribbon ...
Currently, pennies are 97.5% zinc and 2.5% copper, and at current prices of those metals, each new penny has a theoretical "melt value" -- what you'd get if you melted down pennies and sold the ...
The materials and composition of the coins also add to their value since many have become precious and hard to find themselves. Take, for example, the 1792 Silver Center Cent J-1.
United States Mint Coin Production; Year 1¢ 5¢ 10¢ 25¢ 50¢ $1 Total coins Value in $ 1887: 45,223,523: 15,260,692: 15,737,679: 10,000: 5,000: 33,611,000: 109,847,894
Canada's elimination of the penny, however, rounds cash transactions both up and down. [24] The paper stated that rather than eliminate the penny, it would make more sense to change the composition of the penny to a cheaper metal than zinc if the costs of zinc do not come down and there continues to be a significant loss per penny.