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Value: $0.01 U.S. dollars: ... The 1942 experimental cents were pattern coins struck by the United States Mint to ... The mint struck pattern coins in various ...
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 ...
The following mint marks indicate which mint the coin was made at (parentheses indicate a lack of a mint mark): ... 1942 (P) 657,796,000 (P) c2 White metal pattern (P) c1
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.
Although United States penny is widely known to hold a higher mintage cost than its face value, the United States actually made a large profit on minting steel coins. In 1943, the cost of a gross ton of steel was $34. [12]