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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 coin has seen several reverse, or tails, designs and now bears one by Lyndall Bass depicting a Union shield. All coins struck by the United States government with a value of 1 ⁄ 100 of a dollar are called cents because the United States has always minted coins using decimals. The penny nickname is a carryover from the coins struck in ...
After the outbreak of World War II, the demand for copper rose as it was used in ammunition and other military equipment. The US Mint researched ways to reduce or eliminate the usage of copper in cent production. The mint struck pattern coins in various metals, using the obverse design of the Colombian two centavo coin. [1]
The value of copper coins, as in all coins, is based on scarcity and condition. Rare coins with minting errors or other unique features tend to bring high prices, as do those in mint or near-mint ...
Wartime cent, 1944–1946 (Brass except as noted) Year Mint Mintage Comments 1944 (P) 1,435,000,000 (P) >27 Zinc-plated Steel. 27 known. D 430,578,000 D ^ D over S D
Both mintages were low compared with earlier George VI pennies, and London dealers descended on the islands, offering a pound a coin. [37] Collecting coins by date (especially the penny) became popular in the early 1960s; after many bold claims about the investment potential of the 1951 penny were made, the coin acquired something of a cult ...
This table represents the mintage figures of circulating coins produced by the United States Mint since 1887. This list does not include formerly-circulating gold coins, commemorative coins, or bullion coins. This list also does not include the three-cent nickel, which was largely winding down production by 1887 and has no modern equivalent.
The farthing (from Old English fēorðing, from fēorða, a fourth) was a British coin worth one quarter of a penny, or 1 / 960 of a pound sterling. Initially minted in copper, and then in bronze, it replaced the earlier English farthing. Between 1860 and 1971, the farthing's purchasing power ranged between 12p and 0.2p in 2017 values. [1]