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The Indian Head cent, also known as an Indian Head penny, was a one-cent coin ($0.01) produced by the United States Bureau of the Mint from 1859 to 1909. It was designed by James Barton Longacre, the Chief Engraver at the Philadelphia Mint. From 1793 to 1857, the cent was a copper coin about the size of a half dollar.
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
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.
Both the penny’s and the nickel’s manufacturing costs are greater than their face values, according to a report from the Treasury in December. It cost nearly 4 cents to mint and distribute a ...
If you see one, hold on to it — it could be worth hundreds of dollars on the collectible coins market. Discover: 10 of the Most Valuable Pennies Read: Pocket an Extra $400 a Month With This ...
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. [38] A nickel in 1977 was worth a quarter in 2023. [39]
Another 1909 Lincoln penny, also inked by Brenner, sold at an auction by Great Collections in 2022 for $365,000. In that same auction, four other pennies from 1909 and 1915 each cost more than ...
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