The cent, the United States one-cent coin (symbol:
¢), often called the "penny", is a unit of
currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins.
A more general def ...
equaling one one-hundredth of a
United States dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the officia ...
. 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
Mill may refer to:
Science and technology
*
* Mill (grinding)
* Milling (machining)
* Millwork
* Textile mill
* Steel mill, a factory for the manufacture of steel
* List of types of mill
* Mill, the arithmetic unit of the Analytical Engine early ...
, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of
taxation
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal person, legal entity) by a governmental organization in order to fund government spending and various public expenditures (regiona ...
and
finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...
). The first U.S. cent was
produced in 1787, and the cent has been issued primarily as a copper or copper-plated coin throughout its history.
The penny is issued in its current form as the
Lincoln cent, with its
obverse
Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ''o ...
featuring the profile of
President
President most commonly refers to:
*President (corporate title)
*President (education), a leader of a college or university
*President (government title)
President may also refer to:
Automobiles
* Nissan President, a 1966–2010 Japanese ful ...
Abraham Lincoln
Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation thro ...
since 1909, the
centennial
{{other uses, Centennial (disambiguation), Centenary (disambiguation)
A centennial, or centenary in British English, is a 100th anniversary or otherwise relates to a century, a period of 100 years.
Notable events
Notable centennial events at a ...
of his birth. From 1959 (the
sesquicentennial
An anniversary is the date on which an event took place or an institution was founded in a previous year, and may also refer to the commemoration or celebration of that event. The word was first used for Catholic feasts to commemorate saints. ...
of Lincoln's birth) to 2008, the
reverse
Reverse or reversing may refer to:
Arts and media
* ''Reverse'' (Eldritch album), 2001
* ''Reverse'' (2009 film), a Polish comedy-drama film
* ''Reverse'' (2019 film), an Iranian crime-drama film
* ''Reverse'' (Morandi album), 2005
* ''Reverse'' ...
featured the
Lincoln Memorial
The Lincoln Memorial is a U.S. national memorial built to honor the 16th president of the United States, Abraham Lincoln. It is on the western end of the National Mall in Washington, D.C., across from the Washington Monument, and is in the ...
. Four different reverse designs in 2009 honored Lincoln's 200th birthday and a new, "permanent" reverse – the Union Shield – was introduced in 2010. The coin is 0.75 inches (19.05 mm) in
diameter
In geometry, a diameter of a circle is any straight line segment that passes through the center of the circle and whose endpoints lie on the circle. It can also be defined as the longest chord of the circle. Both definitions are also valid for ...
and 0.0598 inches (1.52 mm) in thickness. The current copper-plated zinc cent issued since 1982 weighs 2.5 grams, while the previous 95% copper cent still found in circulation weighed 3.11 g (see further below).
The
U.S. Mint's official name for the coin is "
cent"
and the
U.S. Treasury's official name is "one cent piece".
The
colloquial
Colloquialism (), also called colloquial language, everyday language or general parlance, is the linguistic style used for casual (informal) communication. It is the most common functional style of speech, the idiom normally employed in conver ...
term ''penny'' derives from the
British coin of the same name, which occupies a similar place in the British system. ''Pennies'' is the plural form (not to be confused with ''pence'', which refers to the
unit of currency).
In the early 2010s, the price of metal used to make pennies rose to a noticeable cost to the mint which peaked at more than $0.02, a negative
seigniorage
Seigniorage , also spelled seignorage or seigneurage (from the Old French ''seigneuriage'', "right of the lord (''seigneur'') to mint money"), is the difference between the value of money and the cost to produce and distribute it. The term can be ...
, for the $0.01 face-value coin. This pushed the mint to look for alternative metals again for the coin, and also brought the
debate about eliminating the coin into more focus. there are no firm plans to do so.
History of composition
The composition of the penny has varied over time:
The isotope composition of early coins spanning the period 1828 to 1843 reflects the copper from
Cornish ores from England, while coins after 1850 reflect the
Keweenaw Peninsula
The Keweenaw Peninsula ( , sometimes locally ) is the northernmost part of Michigan's Upper Peninsula. It projects into Lake Superior and was the site of the first copper boom in the United States, leading to its moniker of "Copper Country." As o ...
, Michigan ores, a finding consistent with historical records.
In 1943, at the peak of
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...
,
zinc-coated steel cents were made for a short time because of war demands for copper. A few copper cents from 1943 were produced from 1942
planchet
A planchet is a round metal disk that is ready to be struck as a coin. An older word for planchet is flan. They are also referred to as blanks.
History
The preparation of the flan or planchet has varied over the years. In ancient times, the ...
s remaining in the bins. Similarly, some 1944 steel cents have been confirmed. From 1944 to 1946, salvaged
ammunition
Ammunition (informally ammo) is the material fired, scattered, dropped, or detonated from any weapon or weapon system. Ammunition is both expendable weapons (e.g., bombs, missiles, grenades, land mines) and the component parts of other weap ...
shells made their way into the minting process, and it was not uncommon to see coins featuring streaks of
brass
Brass is an alloy of copper (Cu) and zinc (Zn), in proportions which can be varied to achieve different mechanical, electrical, and chemical properties. It is a substitutional alloy: atoms of the two constituents may replace each other with ...
or having a considerably darker finish than other issues.
During the early 1970s, the price of copper rose to the point where the cent contained almost one cent's worth of copper. This led the Mint to test alternative metals, including
aluminum
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has ...
and
bronze
Bronze is an alloy consisting primarily of copper, commonly with about 12–12.5% tin and often with the addition of other metals (including aluminium, manganese, nickel, or zinc) and sometimes non-metals, such as phosphorus, or metalloids such ...
-clad
steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...
. Aluminum was chosen, and over 1.5 million samples of the
1974 aluminum cent were struck before ultimately being rejected.
The cent's composition was changed in 1982 because the value of the copper in the coin started to rise above one cent. Some 1982 cents used the 97.5% zinc composition, while others used the 95% copper composition. With the exception of 2009 bicentennial cents minted specifically for collectors, United States cents minted after 1982 have been zinc with copper plating. The bronze and copper cents can be distinguished from the newer zinc cents by dropping the coins on a solid surface, or by flipping them in the air with your thumb. The predominantly zinc coins make a lower-pitched "clunk" when hitting the surface, and make no sound when flipped in the air; while the copper coins produce a higher-pitched ringing sound.
In addition, a full 50-cent roll of pre-1982/3 coins weighs compared to a post-1982–83 roll which weighs .
Designs
The coin has gone through several designs over its two-hundred-year time frame. Until 1857 it was about the size of the current U.S. dollar coins (
Susan B. Anthony
Susan B. Anthony (born Susan Anthony; February 15, 1820 – March 13, 1906) was an American social reformer and women's rights activist who played a pivotal role in the women's suffrage movement. Born into a Quaker family committed to s ...
through present dollars). Shown below are the different cent designs that have been produced; mintage figures can be found at
United States cent mintage figures 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 Po ...
.
Large cents:
*
Flowing Hair Chain 1793
*
Flowing Hair Wreath 1793
*
Liberty Cap 1793–1796
*
Draped Bust 1796–1807
*
Classic Head
The Classic Head was a coin design issued by the United States Mint in the early 19th century. It was introduced for copper coinage in 1808 by engraver John Reich and later redesigned and improved by Chief Engraver William Kneass.
Dates minted
...
1808–1814
*
Coronet
A coronet is a small crown consisting of ornaments fixed on a metal ring. A coronet differs from other kinds of crowns in that a coronet never has arches, and from a tiara in that a coronet completely encircles the head, while a tiara does ...
1816–1839
*
Braided Hair
The Coronet large cent was a type of large cent issued by the United States Mint at the Philadelphia Mint from 1816 until 1839.
There are two similar designs of the Coronet large cent, the Matron Head and the Braided Hair, the latter with a ...
1839–1857, 1868 (not a regular issue)
Small cents:
*
Flying Eagle cent
The Flying Eagle cent is a one- cent piece struck by the Mint of the United States as a pattern coin in 1856 and for circulation in 1857 and 1858. The coin was designed by Mint Chief Engraver James B. Longacre, with the eagle in flight based o ...
(1856–1858)
*
Indian Head cent (1859–1909)
*
Lincoln cent (1909–present)
** Lincoln Wheat (1909–1958)
** Lincoln Memorial (1959–2008)
** Lincoln Bicentennial 4 reverse designs (2009)
** Lincoln Union Shield (2010–present)
Throughout its history, the Lincoln cent has featured several
typeface
A typeface (or font family) is the design of lettering that can include variations in size, weight (e.g. bold), slope (e.g. italic), width (e.g. condensed), and so on. Each of these variations of the typeface is a font.
There are list of type ...
s for the date, but most of the digits have been
old-style numerals, except with the 4 and 8 neither ascending nor descending. The only significant divergence is that the small 3 was non-descending (the same size as a 0, 1, or 2) in the early history, before switching to a descending, large 3 for the year 1934 and then permanently () in 1943. Similarly, the digit 5 was small and non-descending up to 1945.
File:1794_1C_%27Venus_Marina%27_(S-32)_(obv).jpg, Liberty Cap cent, 1794
File:1811_cent_obv.jpg, Classic Head cent, 1811
File:1850_large_cent_obverse.jpg, Braided Hair large cent, 1850
File:NNC-US-1858-1C-Flying_Eagle_Cent.jpg, Flying Eagle small cent, 1858
File:NNC-US-1859-1C-Indian_Head_Cent_(wreath).jpg, Indian Head cent, 1859
Lincoln cent
File:1937-Wheat-Penny-Front-Back.jpg, A 1937 Wheat cent
The Lincoln cent (sometimes called the Lincoln penny) is a one-cent coin that has been struck by the United States Mint since 1909. The obverse or heads side was designed by Victor David Brenner, as was the original reverse, depicting two stalks ...
File:United States penny, obverse, 2002.png, Lincoln cent with cameo effect, obverse
Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ''o ...
File:1990-issue US Penny obverse 2.jpg, Obverse side of a cent after 17 years of circulation
The Lincoln cent is the current one-cent coin of the U.S. It was adopted in 1909 (which would have been Lincoln's 100th birthday), replacing the
Indian Head cent. Its reverse was changed in 1959 from a wheat-stalks design to a design which includes the
Lincoln Memorial
The Lincoln Memorial is a U.S. national memorial built to honor the 16th president of the United States, Abraham Lincoln. It is on the western end of the National Mall in Washington, D.C., across from the Washington Monument, and is in the ...
(to commemorate Lincoln's sesquicentennial) and was replaced again in 2009 with four new designs to commemorate Lincoln's bicentennial. There are more one-cent coins produced than any other denomination, which makes the Lincoln cent a familiar item. In its lifespan, this coin has weathered both world wars, one of which temporarily changed its composition as part of the war effort. The obverse design is the longest produced for any circulating American coin.
History
When the Lincoln one-cent coin made its initial appearance in 1909, it marked a radical departure from the accepted styling of
United States coinage
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 make up a valuable aspect of the United States currency system. Today, circulating c ...
, as it was the first regular coin to bear a portrait other than the mythical
Liberty
Liberty is the ability to do as one pleases, or a right or immunity enjoyed by prescription or by grant (i.e. privilege). It is a synonym for the word freedom.
In modern politics, liberty is understood as the state of being free within society fr ...
which appeared on most pre-1909 regular coins. Previously, a strong feeling had prevailed against using portraits on coins in the United States, but public sentiment stemming from the 100th anniversary celebration of
Abraham Lincoln
Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation thro ...
's birth proved stronger than the long-standing tradition.
A variety of privately minted tokens bearing Lincoln's image circulated as one-cent pieces during Lincoln's presidency; legitimate coinage had become scarce during the
Civil War
A civil war or intrastate war is a war between organized groups within the same state (or country).
The aim of one side may be to take control of the country or a region, to achieve independence for a region, or to change government policies ...
. These early tokens undoubtedly influenced the denomination, appearance, size, and composition of Lincoln cents.
Theodore Roosevelt
Theodore Roosevelt Jr. ( ; October 27, 1858 – January 6, 1919), often referred to as Teddy or by his initials, T. R., was an American politician, statesman, soldier, conservationist, naturalist, historian, and writer who served as the 26t ...
, the 26th U.S. president, thought American coins were so common and uninspiring that he attempted to get the motto "In God We Trust" removed as offending religion. Roosevelt had the opportunity to pose for a young Lithuanian-born Jew,
Victor David Brenner
Victor David Brenner (born Avigdor David Brenner; June 12, 1871 – April 5, 1924) was an American sculptor, engraver, and medalist known primarily as the designer of the United States Lincoln Cent.
Biography
Brenner was born to Jewish parent ...
, who, since arriving nineteen years earlier in the United States had become one of the nation's premier medalists. Roosevelt had learned of Brenner's talents in a settlement house on New York City's
Lower East Side
The Lower East Side, sometimes abbreviated as LES, is a historic neighborhood in the southeastern part of Manhattan in New York City. It is located roughly between the Bowery and the East River from Canal to Houston streets.
Traditionally an im ...
and was immediately impressed with a bas-relief that Brenner had made of Lincoln, based on a
Mathew Brady
Mathew B. Brady ( – January 15, 1896) was one of the earliest photographers in American history. Best known for his scenes of the American Civil War, Civil War, he studied under inventor Samuel Morse, who pioneered the daguerreotype technique ...
photograph. Roosevelt, who considered Lincoln the savior of the Union and the greatest Republican president, and who also considered himself Lincoln's political heir, ordered the new Lincoln cent to be based on Brenner's work and to be released just in time to commemorate Lincoln's 100th birthday in 1909. The likeness of President Lincoln on the obverse of the coin is an adaptation of a plaque Brenner created several years earlier which had come to the attention of President Roosevelt in New York.
In addition to the prescribed elements on U.S. coins—LIBERTY and the date—the motto
In God We Trust
"In God We Trust" (also rendered as "In God we trust") is the United States national motto, official motto of the United States and of the U.S. state of Florida. It was adopted by the U.S. Congress in 1956, replacing ("Out of many, one"), whic ...
appeared for the first time on a coin of this denomination. The
United States Congress
The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washing ...
passed the Act of March 3, 1865, authorizing the use of this motto on U.S. coins,
during Lincoln's tenure in office.
Even though no legislation was required for the new design, approval of the
Secretary of the Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...
was necessary to make the change.
Franklin MacVeagh
Franklin MacVeagh (November 22, 1837July 6, 1934) was an American politician, lawyer, grocer and banker. He served as the United States Secretary of the Treasury under President William Howard Taft.
Biography
MacVeagh was born on November 2 ...
gave his approval on July 14, 1909, and not quite three weeks later, on August 2, the new coin was released to the public.
In 1918, after the controversy over Brenner's name and initials on the reverse had died down, his initials were placed on the obverse with no further controversy. They are to be found in minute form on the rim of the bust, just under the shoulder of Lincoln.
Wheat cent (1909–1958)
A study of three potential reverses resulted in the approval of a very simple design bearing two
wheat
Wheat is a grass widely cultivated for its seed, a cereal grain that is a worldwide staple food. The many species of wheat together make up the genus ''Triticum'' ; the most widely grown is common wheat (''T. aestivum''). The archaeologi ...
heads in memorial style. Between these, in the center of the coin, are the denomination and UNITED STATES OF AMERICA, while curving around the upper border is the national motto, ''
E Pluribus Unum
''E pluribus unum'' ( , , ) – Latin for "Out of many, one" (also translated as "One out of many" or "One from many") – is a traditional motto of the United States, appearing on the Great Seal along with '' Annuit cœptis'' (Latin for "he ...
'',
Latin
Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the ...
for "Out of Many, One".
The original model bore Brenner's name on the reverse, curving along the rim below UNITED STATES OF AMERICA. Before the coins were issued, however, the initials "VDB" were substituted because officials at the
United States Mint
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; tha ...
felt the name was too prominent. After the coin was released, many protested that even the initials were conspicuous and detracted from the design. Because the coin was in great demand, and because to make a change would have required halting production, the decision was made to eliminate the initials entirely.
Thus in 1909 the U.S. had six different cents: the 1909 and 1909-S
Indian Head cents, and four Lincoln coins: 1909 VDB, 1909-S VDB, 1909 and 1909-S. In all cases the
Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...
mintages far exceeded the
San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
issues. While the smallest mintage is the '09-S Indian, the '09-S VDB is the key Lincoln date, and hence is most valuable. Its mintage of 484,000 is only 1.7% of the plain V.D.B.
Lincoln Memorial cent (1959–2008)
On February 12, 1959, a revised reverse design was introduced as part of the 150th anniversary of Lincoln's birth. No formal competition was held.
Frank Gasparro
Frank Gasparro (August 26, 1909 – September 29, 2001) was the tenth Chief Engraver of the United States Mint, holding this position from February 23, 1965, to January 16, 1981. Before that, he was Assistant Engraver. He designed both sides of th ...
, then Assistant Engraver at the
Philadelphia Mint
The Philadelphia Mint in Philadelphia was created from the need to establish a national identity and the needs of commerce in the United States. This led the Founding Fathers of the United States to make an establishment of a continental national ...
, prepared the winning entry, selected from a group of 23 models that the engraving staff at the Mint had been asked to present for consideration. Again, only the approval of the Secretary of the Treasury was necessary to make the change because the design had been in use for more than the required 25 years. The imposing marble
Lincoln Memorial
The Lincoln Memorial is a U.S. national memorial built to honor the 16th president of the United States, Abraham Lincoln. It is on the western end of the National Mall in Washington, D.C., across from the Washington Monument, and is in the ...
provides the central motif, with the legends ''E Pluribus Unum'' and UNITED STATES OF AMERICA completing the design, together with the denomination. The initials "FG" appear on the right, near the shrubbery. This series is noteworthy for having the image of
Abraham Lincoln
Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation thro ...
both on the obverse and reverse, as his likeness can be discerned at the center of the memorial on the reverse.
Lincoln Bicentennial cents (2009)
The
Presidential $1 Coin Act of 2005 required that the cent's reverse be redesigned in 2009. This resulted in the mintage of four different coins showing scenes from Abraham Lincoln's life in honor of the
bicentennial __NOTOC__
A bicentennial or bicentenary is the two-hundredth anniversary of a part, or the celebrations thereof. It may refer to:
Europe
*French Revolution bicentennial, commemorating the 200th anniversary of 14 July 1789 uprising, celebrated ...
of his birth.
These four designs, unveiled September 22, 2008 at a ceremony held at the
Lincoln Memorial
The Lincoln Memorial is a U.S. national memorial built to honor the 16th president of the United States, Abraham Lincoln. It is on the western end of the National Mall in Washington, D.C., across from the Washington Monument, and is in the ...
on the National Mall in
Washington, D.C.
)
, image_skyline =
, image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
, are:
* Birth and early childhood in
Kentucky
Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia to ...
: this design features a
log cabin
A log cabin is a small log house, especially a less finished or less architecturally sophisticated structure. Log cabins have an ancient history in Europe, and in America are often associated with first generation home building by settlers.
Eur ...
and Lincoln's birth year 1809. It was designed by Richard Masters and sculpted by Jim Licaretz. This cent was released into circulation on Lincoln's 200th birthday, February 12, 2009, at a special ceremony at
LaRue County High School
LaRue County High School is a public school in Hodgenville, Kentucky
Hodgenville is a home rule-class city in LaRue County, Kentucky, United States. It is the seat of its county. Hodgenville sits along the North Fork of the Nolin River. The po ...
in
Hodgenville, Kentucky
Hodgenville is a home rule-class city in LaRue County, Kentucky, United States. It is the seat of its county. Hodgenville sits along the North Fork of the Nolin River. The population was 3,206 at the 2010 census. It is included in the Elizabetht ...
, Lincoln's birthplace. The mintage was extremely low compared to prior years (see
Lincoln cent mintage figures). It has been nicknamed the "Log Cabin Penny".
* Formative years in
Indiana
Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th s ...
: this design features a young Lincoln reading while taking a break from rail splitting. It was designed and sculpted by Charles Vickers. Nicknamed the "Indiana Penny", it was released on May 14, 2009.
* Professional life in
Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolita ...
: this design features a young professional Lincoln standing before the
Illinois State Capitol
The Illinois State Capitol, located in Springfield, Illinois, houses the Illinois General Assembly, legislative and Governor of Illinois, executive branches of the government of the U.S. state of Illinois. The current building is the sixth to serv ...
, in Springfield. It was designed by
Joel Iskowitz
Joel Iskowitz (born August 15, 1946) is an American designer, book illustrator, print artist and stamp, coin and medal designer. From an initial interest in medical illustration, this graphic artist has branched to other fields. He specializes in ...
and sculpted by
Don Everhart
Donald Nelson Everhart II (born August 19, 1949 in York, Pennsylvania) is an American coin and medal engraver-medalist, and sculptor who has worked for the private Franklin Mint, as a freelance designer, and since 2004 has worked for the United S ...
. Nicknamed the "Illinois Penny", it was released on August 13, 2009.
* Presidency in
Washington, D.C.
)
, image_skyline =
, image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
: this design features the half-completed
Capitol dome
The United States Capitol features a dome situated above its rotunda. The dome is in height and in diameter. Designed by Thomas U. Walter, the fourth Architect of the Capitol, it was constructed between 1855 and 1866 at a cost of $1,047,291 ( ...
. It was designed by Susan Gamble and sculpted by Joseph Menna. This fourth cent was released to the public on November 12, 2009.
U.S. Mint released collector's sets containing this design in copper prior to the public launch of this design in zinc.
Special 2009 cents struck for sale in sets to collectors had the metallic copper content of cents minted in 1909 (95% copper, 5% tin and zinc). Those struck for circulation retained the normal composition of a zinc core coated with copper.
Union shield cent (2010–present)
The 2005 act that authorized the redesign for the Bicentennial stated that another redesigned reverse for the Lincoln cent will be minted which "shall bear an image emblematic of President Lincoln's preservation of the United States of America as a single and united country".
[ – Presidential $1 Coin Act of
2005, Title VI, §303. "The design on the reverse of the 1-cent coins issued after December 31, 2009, shall bear an image emblematic of President Lincoln's preservation of United States of America as a single and united country." Retrieved 2009-11-30.] Eighteen designs were proposed for the reverse of the 2010 cent.
On April 16, 2009 the
Commission of Fine Arts
The U.S. Commission of Fine Arts (CFA) is an independent agency of the federal government of the United States, and was established in 1910. The CFA has review (but not approval) authority over the "design and aesthetics" of all construction with ...
(CFA) met and selected a design that showed 13 wheat sheaves bound together with a ring symbolizing American unity as one nation.
Later this design was withdrawn because it was similar to coinage issued in Germany in the 1920s.
The
Citizens Coinage Advisory Committee The Citizens Coinage Advisory Committee (or CCAC) was established in 2003 to advise the United States Secretary of the Treasury on coinage-related issues, replacing the Citizens Commemorative Coin Advisory Committee (CCCAC).
See also
* Citizens' ...
later met and chose a design showing a Union shield with superimposed in a scroll;
E Pluribus Unum
''E pluribus unum'' ( , , ) – Latin for "Out of many, one" (also translated as "One out of many" or "One from many") – is a traditional motto of the United States, appearing on the Great Seal along with '' Annuit cœptis'' (Latin for "he ...
was also depicted in the upper portion of the shield.
In June 2009 the CFA met again and chose a design featuring a modern rendition of the
American flag
The national flag of the United States of America, often referred to as the ''American flag'' or the ''U.S. flag'', consists of thirteen equal horizontal stripes of red (top and bottom) alternating with white, with a blue rectangle in the c ...
.
As a part of the release ceremony for the last of the 2009 cents on November 12, the design for the 2010 cent was announced.
The design chosen was the one that was chosen earlier by the CCAC.
[ According to the Mint, the 13 stripes on the shield "represent the states joined in one compact union to support the Federal government, represented by the horizontal bar above".] The Mint also noted that a shield was commonly used in paintings in the Capitol hallways painted by Constantino Brumidi
Constantino Brumidi (July 26, 1805 – February 19, 1880) was a Greek-Italian-American historical painter, best known and honored for his fresco work, Apotheosis of Washington, in the Capitol Building in Washington, DC.
Parentage and early life ...
, an artist in the Capitol active during the Lincoln Presidency.[ The obverse of the cent was also changed to a modern rendition of Brenner's design.][ The new Union Shield design replaces the Lincoln memorial in use since 1959.][ The coin was designed by artist ]Lyndall Bass
Lyndall Bass (born July 5, 1952) is an American realist painter and teacher who primarily paints still lifes, flower paintings and symbolist figure paintings. She lives and works in Santa Fe, New Mexico, Santa Fe, New Mexico. She is the designer ...
and sculpted by U.S. Mint sculptor-engraver Joseph Menna
Joseph Francis Menna (born March 1970) is an American sculptor and engraver who has worked in both digital and traditional sculpture media. He has been the Chief Engraver of the United States Mint since February, 2019.
Biography
Menna trained form ...
. In January 2010, the coins were released early in Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...
; this was caused by a shortage of 2009-dated pennies on the island.[ The new design was released at a ceremony at the ]Abraham Lincoln Presidential Library
The Abraham Lincoln Presidential Library and Museum documents the life of the 16th U.S. president, Abraham Lincoln, and the course of the American Civil War. Combining traditional scholarship with 21st-century showmanship techniques, the museum ...
in Springfield, Illinois
Springfield is the capital of the U.S. state of Illinois and the county seat and largest city of Sangamon County. The city's population was 114,394 at the 2020 census, which makes it the state's seventh most-populous city, the second largest o ...
on February 11, 2010. In 2017, cents minted in Philadelphia were struck with a "P" mintmark to celebrate the 225th anniversary of the U.S. Mint. 2017 is the only year that Philadelphia cents have had a mintmark. In 2019, the United States Mint, the West Point Mint minted pennies marked with a "W" mintmark which was only available with proof sets, wrapped separately from the proof set in its own United States Mint plastic wrap.
Production issues
Proposals to eliminate
It has been suggested that the cent should be eliminated as a unit of currency for several reasons including that many Americans do not actually spend them, but rather only receive them in change at stores and proceed to return them to a bank for higher denomination currencies, or cash them in at coin counting kiosks. Most modern vending machines do not accept pennies, further diminishing their utility, and the production cost (figured in U.S. Dollars) now exceeds the face value of the coin, caused by increasing inflation. In 2001 and 2006, for example, United States Representative
The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the lower chamber of the United States Congress, with the Senate being the upper chamber. Together they ...
Jim Kolbe
James Thomas Kolbe (June 28, 1942 – December 3, 2022) was an American politician who served as a Republican member of the United States House of Representatives. He represented Arizona's 5th congressional district from 1985 to 2003 and its 8 ...
(R) of Arizona
Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a state in the Southwestern United States. It is the 6th largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is part of the Fou ...
introduced bills which would have stopped production of pennies (in 2001, the Legal Tender Modernization Act, and in 2006, the Currency Overhaul for an Industrious Nation OIN
Oin, Óin or OIN may refer to:
Folklore and fiction
* Óin, son of Gróin, a Dwarf from J. R. R. Tolkien's writings, companion of Thorin Oakenshield
* Oin-Oin, a character of Swiss folklore
Other
* Open Invention Network
Open Invention Netw ...
Act).
In anticipation of the business of melting down U.S. pennies and U.S. nickels for profit, the U.S. Mint, which is a part of the US Department of the Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ...
, implemented new regulations on December 14, 2006, which criminalize the melting of pennies and nickels and place limits on export of the coins. Violators can be punished with a fine of up to $10,000 USD
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
and/or imprisoned for a maximum of five years.
Metal content and manufacturing costs
The price of metal drives the cost to manufacture a cent. The Secretary of the Treasury has authority to alter the percentage of copper and zinc in the one-cent coin if needed due to cost fluctuations. For years, the Mint's production and shipping costs for cents have exceeded the face value of the coin (the Mint's fixed costs and overhead, however, are absorbed by other circulating coins). As a result, the U.S. Treasury loses tens of millions of dollars every year producing cents. For example, the loss in 2013 was $55 million.
When copper reached a record high in February 2011, the melt value of a 95% copper cent was more than three times its face value. As of January 21, 2014, a pre-1982 cent contained 2.203 cents' worth of copper and zinc, making it an attractive target for melting by people wanting to sell the metals for profit. In comparison, post-1982 copper-plated zinc cents have a metallurgical value of only 0.552 cent.
Toxicity
Zinc, a major component of U.S. cents minted after mid-1982, is toxic in large quantities. Swallowing such a coin, which is 97.5% zinc, can cause damage to the stomach lining because of the high solubility of the zinc ion in the acidic stomach. Coins are the most commonly ingested foreign body in children but generally are allowed to pass spontaneously unless the patient is symptomatic. Zinc toxicity, mostly in the form of the ingestion of U.S. pennies minted after 1982, is commonly fatal in dogs where it causes a severe hemolytic anemia
Hemolytic anemia or haemolytic anaemia is a form of anemia due to hemolysis, the abnormal breakdown of red blood cells (RBCs), either in the blood vessels (intravascular hemolysis) or elsewhere in the human body (extravascular). This most commonly ...
. It is also highly toxic in pet parrots and can often be fatal.[See, for example, thi]
list of common parrot illnesses and their causes
/ref>
See also
* 1909-S VDB Lincoln Cent
* 1943 steel cent
* 1955 doubled-die cent
Events January
* January 3 – José Ramón Guizado becomes president of Panama.
* January 17 – , the first nuclear-powered submarine, puts to sea for the first time, from Groton, Connecticut.
* January 18– 20 – Battle of Yijian ...
* 1974 aluminum cent
* Large cent (United States coin)
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 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, whe ...
* Legal Tender Modernization Act
* Mill (currency)
The mill (American English) or mil (Commonwealth English, except Canada) is a unit of currency (sometimes symbolized as ₥), used in several countries as one-thousandth of the base unit. In the United States, it is a notional unit equivalent to a ...
* Penny (Canadian coin)
In Canada, a penny is a coin worth one cent, or of a dollar. According to the Royal Canadian Mint, the official national term for the coin is the "one-cent piece", but in practice the terms ''penny'' and ''cent'' predominate. ''Penny'' was lik ...
* Penny debate in the United States
A debate exists within the United States government and American society at large over whether the one-cent coin, the penny, should be eliminated as a unit of currency in the United States. The penny costs more to produce than the one cent it i ...
* Ring cent
The ring cent or holey cent was a one-cent pattern coin first struck in various compositions and designs between 1850 and 1851 as part of an experiment on producing a cent with a reduced weight and diameter, as the rising price of copper had caus ...
* Take a penny, leave a penny
"Take a penny, leave a penny" (sometimes "Give a penny, take a penny", penny tray, or penny pool) refers to a type of tray, dish or cup meant for convenience in cash transactions. They are often found in the United States in gas stations, conveni ...
* United States Mint coin production
* In 1892, the Barber design was used for the 10¢, 25¢, and 50¢ coins.
* In 1909, both the Indian Head and Lincoln designs were used for the 1¢ coins.
* In 1913, both the Liberty Head and Buffalo designs were used for 5¢ coins.
* In 1916, bo ...
* Lincoln cent mintage figures
References
External links
"Penny Foolish"
by David Margolick
David Margolick (born January 3, 1952) is a long-time contributing editor at ''Vanity Fair''. Margolick has held similar positions at ''Newsweek'' and ''Portfolio.com''. Prior to joining ''Vanity Fair'' he was a legal affairs reporter at ''The New ...
, ''The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'', February 11, 2007 – a brief popular history of the penny.
Man tries to get rid of million pennies
''USA Today
''USA Today'' (stylized in all uppercase) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth on September 15, 1982, the newspaper operates from Gannett's corporate headquarters in Tysons, Virgini ...
'', 7 January 2004.
Examination of claim
that "A U.S. penny costs more than a cent to manufacture" on Snopes
''Snopes'' , formerly known as the ''Urban Legends Reference Pages'', is a Fact checking, fact-checking website. It has been described as a "well-regarded reference for sorting out myths and rumors" on the Internet. The site has also been see ...
.
Top 10 Things You Didn't Know About the Penny
– slideshow by ''Time Magazine''
U.S. Lincoln Penny
on the Planet Mars – ''Curiosity'' Rover (September 10, 2012).
PennyFreeBiz
Grass Roots effort by retailers and merchants to stop using the penny. (June 2007).
{{Coinage (United States)
Abraham Lincoln in art
One-cent coins of the United States
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
1793 introductions