Search results
Results from the WOW.Com Content Network
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 agency’s 2024 annual report said the penny’s cost was “above face value” for the 19th year in a row. It cost 3.69 cents to produce a penny in 2024, up from 3.07 cents in 2023 .
The penny was first issued by the government in 1793. Since 1909, the profile of President Abraham Lincoln has adorned the obverse side of the coin that is made of zinc and copper.
A penny for their thoughts: Americans say ‘time to move on’ from the coin Karissa Waddick, Christopher Cann, N'dea Yancey-Bragg and Dinah Voyles Pulver, USA TODAY Updated February 10, 2025 at ...
The current face value of a nickel is also well below that which the last remaining lowest-denomination coin (the penny) held at the time of the half-cent's elimination in 1857. [1] A penny in 1977 was worth the same amount as a nickel in 2023. [39] A nickel in 1977 was worth a quarter in 2023. [40]
The United States one cent coin is generally known by the nickname "penny", alluding to the British coin and unit of that name. Australia ended production of their 1c coin in 1990, [ 1 ] New Zealand last produced their 1c coin in 1988, [ 2 ] as did Canada in 2012.
The U.S. penny has been in circulation for more than two centuries, but its time may soon be up after President Donald Trump directed the Treasury Department to halt production of the one-cent coin.
Since 1968, most of the state—except the Navajo Nation—does not observe daylight saving time and remains on Mountain Standard Time (MST) all year. This results in most of Arizona having the same time as neighboring California each year from March to November, when locations in the Pacific Time Zone observe daylight saving time.