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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 Composition of the Cent Archived 2008-12-21 at the Wayback Machine from the U.S. Mint website; Top 10 Things You Didn't Know About the Penny – slideshow by Time Magazine; December 14, 2006, press release by United States Mint concerning new rules outlawing the melting of pennies and nickels Archived May 27, 2016, at the Wayback Machine
The wheat cent was mainstream and common during its time. Some dates are rare, but many can still be found in circulation. This is partially due to the fact that unlike the formerly silver denominations (dollar, half dollar, quarter, and dime), the composition of the pre-1982 cent, nearly pure copper, is not so much more valuable over face ...
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 ...
While most wheat pennies are worth only a small amount over face value (and, given that the face value is a single cent, that may not be saying a lot), this particular coin is extremely rare ...
2,584 silver pennies dating from the Norman Conquest is Britain’s most valuable treasure find ever at over $5 million. U.K. treasure hunters make millions off silver coins dated to 11th century ...
The Coinage Act of 1792 established the United States Mint and regulated the coinage of the United States. [3] The act created coins in the denominations of Half Cent (1/200 of a dollar), Cent (1/100 of a dollar, or a cent), Half Dime (also known as a half disme) (five cents), Dime (also known as a disme) (10 cents), Quarter (25 cents), Half Dollar (50 cents), Dollar, Quarter Eagle ($2.50 ...
These coins, of which only 484,000 were made, look like standard Lincoln wheat pennies of their time, save for those sly and oh so small “VDB” initials. The 1955 Doubled Die Lincoln Cent