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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).
Matron Head large cent, 1816–1839 (Copper except as noted) Year Mint Mintage Comments 1816 (P) 2,820,982 1817 (P) 3,948,400 (P) 5 Proof 1818
[9] [10] Another purpose for a large issue of silver coins, regardless of denomination, was to retire the fractional currency—low-value paper money or "shinplasters". Congress passed legislation in 1875 and 1876 for large quantities of silver coins for this purpose. [11] The father of the twenty-cent piece was Nevada Senator John P. Jones ...
If You Find a Rare 'Doubled Die' Penny, It Could Be Worth $1.14 Million. ... USA TODAY Sports. Deion Sanders lectures player about Band-Aids over his earrings. Sports. Yahoo Sports.
Today, it’s valued at about $2.3 million in mint uncirculated condition. But you don’t need to go back 80 years to find pennies worth a lot of money . One from 1983 recently sold for a record ...
There are many criteria that make a coin worth lots of money in today's currency, as well as... $15,000 Sacagawea Dollar? Check Your Coins for Mint Mistakes Worth a Pretty Penny
The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 1 1 ⁄ 8 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the modern-size one-cent coin (commonly called the penny ).
This penny somehow missed the 1944 transition from steel-coated zinc to copper, and it’s worth a fortune as a result. Just two copies of the San Francisco-minted version remain.