The average penny lasts 25 years Pennies were the first coins minted in the US There have been 11 different designs featured on the penny The Lincoln penny was first minted amp circulated on the anniversary of his birth ID: 279155
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Facts About Pennies
The average penny lasts 25 years!Pennies were the first coins minted in the U.S.There have been 11 different designs featured on the penny.The Lincoln penny was first minted & circulated on the anniversary of his birth.It was the first U.S. coin to have the motto “IN GOD WE TRUST.”
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Facts About Pennies
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.Approximately 30 million pennies are produced each day (U.S. Mint produces >13 billion pennies each year).
Over 2/3 of all coins produced by the U.S. Mint are pennies. It is the most widely used denomination in circulation & it remains profitable to make.
Each penny costs .93 of a cent to make
, but the Mint collects one cent for it (profit-.07 of a cent-goes to fund operation of the Mint & help pay public debt). “It’s worth every penny.”
More than 70% of Americans support keeping the penny in circulation. (Eliminating the penny would lead to higher prices since prices would then be rounded to the nearest five cents.).
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