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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).
Seven distinct types of coin composition have been used over the past 200 years: three base coin alloys, two silver alloys, gold, and in recent years, platinum and palladium. The base metal coins were generally alloys of copper (for 2 cent coins and lower), and copper/nickel (for 3 and 5 cent coins). Copper/nickel composition is also used for ...
The United States' cent, popularly known as the "penny" since the early 19th century, [6] began with the unpopular copper chain cent in 1793. [23] Abraham Lincoln was the first historical figure to appear on a U.S. coin when he was portrayed on the one-cent coin to commemorate his 100th birthday. [24]
The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023. The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion coins for circulation ...
A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof. Use of the half-dollar is not as widespread as that of other coins in general circulation; most Americans use dollar coins, quarters, dimes, nickels and cents only, as these are the only coins most often found in general circulation.
A Special Silver Dime and Silver Quarter from 1965. A pair of unique 10- and 25-cent coins from less than 60 years ago offers another opportunity to cash in on minting mistakes.
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).
A United States one-cent coin, also known as a penny. The cent is a monetary unit of many national currencies that equals a hundredth (1 ⁄ 100) of the basic monetary unit. The word derives from the Latin centum, 'hundred'. The cent sign is commonly a simple minuscule (lower case) letter c.