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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).
Yeoman and Bressett remain listed on each edition of the Red Book and Blue Book as their editor. The book's all-time peak print run for a single year was 1.2 million copies in 1965. In 2022, the Red Book is in its 76th edition (dated 2023) and the Blue Book is in its 80th edition (dated 2023). [6]
The English penny (plural "pence"), originally a coin of 1.3 to 1.5 grams (0.042 to 0.048 troy ounces; 0.046 to 0.053 ounces) pure silver, was introduced c. 785 by King Offa of Mercia. These coins were similar in size and weight to the continental deniers of the period and to the Anglo-Saxon sceats which had preceded it.
Only seven Denver-minted steel pennies are known to exist, according to USA Coin Book, and a coin in average condition is estimated to be worth over $34,800. Auction record: $115,000 1969-S ...
One thing to keep in mind about modern pennies is that 2009 was a special year in that it marked 200 years since the birth of Abraham Lincoln, whose image first appeared on the front of the penny ...
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).
The year 2017 marked the 225th anniversary of the US Mint. Although no traditional commemorative coins were issued for the occasion, the mint did produce a $100 coin, a special uncirculated mint set featuring coins with an "enhanced" finish, and a circulating penny featuring the P mint mark. [13] [14] [15]
If the mintage is lower in a particular year, this will only help increase the value. Examples of low mintage years include, but are not limited to, 1931, 1933, 1939 and 1955.