What Is A Coin Penny Worth, Really?

Many English speaking countries use a coin penny. This is usually the lowest value of coin and at the same time the most circulated currency in the country. A coin penny is equal to 1/100 of a dollar in the United States and in fact, it was the first currency to be recognized by the government.

The history

Some say the first coin penny in the United States was designed by Benjamin Franklin in 1787. There are 11 more designs following the first and more than 300 billion pennies have been circulated since then. Since the first design, the coin penny has always been made of copper or combination of copper and zinc, which gives the distinctive color of penny that we know today.

The first appearance of the Lincoln coin penny is in 1909. This was considered as a turning point because this was the first time the portrait of a president is used on a coin and also the first time the motto "In God We Trust" appeared on a coin. This is the most produced coin in the history and it is also the most collected coin today. Some coin collectors use Lincoln coin penny as the basis of their collection. They collect the penny since its first inception.

The death

Some people want to stop using this coin penny that has a long history in the United States. They say that accepting and counting pennies are more expensive than the worth of the coin. Others claim that coin penny is obsolete today because of the rice in prices. If you consider, there is nothing that costs only a penny nowadays. In addition, the fact shows that more pennies are thrown away or turned into banks in large numbers as compared to other coins.

It is interesting to see whether people will miss or notice coin penny when it is discontinued. It will mark the end of many things as well. You will see an item costs $5 instead of $4.99. You will not see small children toss a coin penny hoping dreams to come true into the wishing well. There are many memories related to a coin penny. Grandparents have experienced when their parents gave them a coin penny to buy a tasty candy or saving it into the piggy banks for buying those kid's stuffs. Only time will tell whether a coin penny will become obsolete or not.

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