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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).
Below are the mintage figures for the United States cent. The following mint marks indicate which mint the coin was made at (parentheses indicate a lack of a mint mark): P = Philadelphia Mint. D = Denver Mint. S = San Francisco Mint. W = West Point Mint
United States Mint. Archived from the original on March 14, 2016. United States Mint. Archived 2017-01-31 at the Wayback Machine; Archived 2007-03-14 at the Wayback Machine dead links "50 STATE QUARTERS". COINSHEET. Archived from the original on October 27, 2007. "Pennies Minted by the U.S. Mint from 1970 to 2002".
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.
Coins of the United States dollar – aside from those of the earlier Continental currency – were first minted in 1792. New coins have been produced annually and they comprise a significant aspect of the United States currency system. Circulating coins exist in denominations of 1¢ (i.e. 1 cent or $0.01), 5¢, 10¢, 25¢, 50¢, and $1.00.
Coin Obverse design Reverse design Composition Mintage Available Obverse Reverse 50¢ United States Sesquicentennial half dollar: George Washington and Calvin Coolidge: Liberty Bell: 90% Ag, 10% Cu Authorized: 1,000,000 (max) Uncirculated: 1,000,528 (P) [21] 1926 $2.50: United States Sesquicentennial quarter eagle
Likewise in the Lincoln cent series, the composition change in 1943 to steel and the composition change in 1982 from bronze to copper-plated zinc are considered separate types by almost all, but the brass composition used in 1944-1946 is not considered a separate type from the 1947 return to bronze.
The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 1 1 ⁄ 8 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the modern-size one-cent coin (commonly called the penny).