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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).
Any US citizen could submit one drawing, or photograph of a plaster model 10 inches (250 mm) in diameter. As required by law, submissions were to include the legends united states of america, e pluribus unum and the respective denomination quarter dollar, half dollar and one dollar.
Circulating coins are worth $408,000 to $409,000 in average condition and upwards of $1.1 million for uncirculated condition. 3. 1793 Strawberry Leaf Cent — $862,500
In addition to the 1943-D Lincoln Bronze Wheat Penny, here are nine other 1-cent pieces worth a pretty penny: 1944-S Steel Wheat Penny: $1.1 million. 1793 Strawberry Leaf Cent: $862,500.
There have been numerous coins throughout the United States dollar's history that no longer circulate. Some, like the half-cent coin were removed due to inflation reducing their value while others such as the two-cent piece were removed due to a lack of demand.
Someone just paid a pretty penny for two rare 1-cent coins. And by a pretty penny, we mean a grand total of nearly $870,000. A 1792 silver center cent sold for $352,500 at a Heritage auction in ...
[19] The act also called for the removal of the date from the obverse and "E PLURIBUS UNUM" from the reverse of the coin, opting instead to add them to the edge. [19] In 2018, the American Innovation $1 Coin Program was launched. The program will run from 2019 to 2032, commemorating an inventor or an invention from each state and six ...