1909 was the first year wheat penny coins were minted. Replacing Indian Head pennies, which were minted from 1859 through 1909, Lincoln pennies were welcomed by massive crowds that gathered at banks on the August 2 nd day that the new one-cent coins arrived in commerce.
- Pennie definition, a female given name, form of Penelope.
- A monetary unit of various nations, as Australia, Canada, New Zealand, and the U.S., equal to 1/100 of a dollar; one cent. Also called new penny. A monetary unit of the United Kingdom, equal to 1/100 of a pound. A monetary unit equal to 1/240 of the former British.
The penny or once-cent coin is the lowest denomination of the United States's currency. The most recent version of the penny is the Lincoln cent. The Lincoln penny was made of 95% copper, 5% zinc from 1959 until 1985. Since 1985 it has been minted with 97.5% zinc, 2.5% copper. It's basically a zinc core with a 'very' thin copper jacket.
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Some metal heads (those who are into semi precious and precious metals) collect pennies older than 1986 and sell them in bulk, as the metal melt value is worth almost 3x the face value. It's illegal to melt these coins down however. If it weren't we probably wouldn't have any pennies older than 1986 in circulation. In fact a rough average of metal value for a $25 box of pennies is $35 = $45. I personally would spend $25 to make $35 all day long wouldn't you :). To bad we can't sell them as scrap.
Were in the process of detailing all the Lincoln Pennies from 1959 to 2021 and are hoping to have them done by the end of August at the latest. We have tons of user submitted photos, and have to edit those down too. So hang on and be sure to bookmark our page (Ctrl+D) and tell your friends.
All US Pennies 1859 to 2021
- Wheat Pennies
1909 was the first year wheat penny coins were minted. Replacing Indian Head pennies, which were minted from 1859 through 1909, Lincoln pennies were welcomed by massive crowds that gathered at banks on the August 2nd day that the new one-cent coins arrived in commerce. While the coins were highly popular with the public from day one, there was initial outcry about the prominence of the initials of Victor David Brenner, the designer of the Lincoln wheat penny. His initials, VDB, are located on the reverse side near the rim and centered below the wheat stalks. The quick removal of the initials led to the creation of several varieties of wheat penny coins, which are discussed below.
Read up on the history of lincoln wheat pennies in this special blog post.
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