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Home » Hobbies & Crafts » Coin Myths, Trivia & Facts » 10 Facts About Pennies… (Trust Me, This Is Worth Every Penny!)

10 Facts About Pennies… (Trust Me, This Is Worth Every Penny!)

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While attempting to find the value of rare pennies for some of our loyal readers, I came across some interesting info about pennies in general.

Just thought I’d share…

pennies in a jar

photo by Joshua Whiting

 

Did you know?…

#1 – The average penny lasts 25 years!

#2 – Pennies were the very first coins minted in the United States. In March 1793, the mint distributed 11,178 copper cents. (The amount of copper and zinc in the penny has changed significantly through the years.)

 

“Every penny counts.”

#3 – There have been 11 different designs featured on the penny.

#4 – The Lincoln penny was first minted and circulated in 1909, the 100th anniversary of his birth.

#5 – Lincoln faces to the right, while all other portraits on coins face to the left. This was not done on purpose — it was simply the choice of the coin designer.

#6 – In a coin toss, I always choose tails. Here’s why. (…although the U.S. Mint disputes this theory)

 

“A penny saved is a penny earned.”

#7 – The penny was the first U.S. coin to have the motto “IN GOD WE TRUST”. (Clarification: see Ben’s comment below.)

#8 – Lincoln pennies made from 1909 to 1958 were designed by Victor D. Brenner. His initials V.D.B. were on a limited quantity of the 1909 pennies making it one of the most sought after pennies for collecting.

 

Listen to some little-known facts from NPR audio about Frank Gasparro, an engraver at the U.S. Mint whose Lincoln Memorial design has graced the “tails” side of the penny since 1959 (…Lincoln’s 150th birthday. The same year they replaced the wheat shafts on the back of the penny with the Lincoln Memorial).

 

#9 – Approximately 30 million pennies per day (1,040 pennies every second) are produced. Each year, the U.S. Mint produces more than 13 billion pennies.

#10 – Over two-thirds of all coins produced by the U.S. Mint are pennies. In fact, the penny is the most widely used denomination currently in circulation and it remains profitable to make. Each penny costs .93 of a cent to make, but the Mint collects one cent for it. The profit goes to help fund the operation of the Mint and to help pay the public debt.

 

“It’s worth every penny.”penny-the-forgotten-coin-book.JPG

A recent poll by Opinion Research Corporation found that more than 70% of Americans support keeping the penny in circulation. (NOTE: elimination of the penny would lead to higher prices, since prices would then be rounded to the nearest 5 cents.)

 

More Fun Facts About Pennies

  • U.S. Mint Printing Guidelines
  • Penny Lovers of America
  • Pennies Won’t Pay Your Parking Ticket
  • Rare Pennies You Should Hold Onto

 

Lynnette
Lynnette

I like to help people find unique ways to do things in order to save time & money — so I write about “outside the box” ideas that most wouldn’t think of. As a lifelong dog owner, I often share my best tips for living with and training dogs. I worked in Higher Ed over 10 years before switching gears to pursue activities that I’m truly passionate about. I’ve worked at a vet, in a photo lab, and at a zoo — to name a few. I enjoy the outdoors via bicycle, motorcycle, Jeep, or RV. You can always find me at the corner of Good News & Fun Times as publisher of The Fun Times Guide (32 fun & helpful websites).

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Filed Under: Coin Myths, Trivia & Facts, Hobbies & Crafts Tagged With: Books About Coins, Lincoln Cents, Pennies, Rare Coins, U.S. Mint, Wheat Pennies

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About Me

JoshuaI'm the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I'm also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I've also authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!

Joshua: View My Blog Posts

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