The One Cent
more commonly known as the penny
Small but mighty right?
Penny coin collecting is one of--if not the most--popular U.S. coin to collect, many collectors have started out collecting the humble penny, and many still avidly search for pennies to finish their collections. If you're looking to sell (or buy) pennies and coins online then be sure to check out the different types of pennies and value guides below to get an idea of how much your penny is worth.
If you're looking for where to sell your pennies, check out our list of coin selling sites.
The U.S. cent was actually about the same size as the current dollar coins until 1857 when it was changed to the size it is now.
The U.S. Penny---which actually has an official title of "cent"---is currently the lowest face-value physical currency, equaling one one-hundredth of a dollar. It became the lowest value of currency in 1857, when the half-cent piece was eliminated from circulation.
The one cent piece has been minted since the year 1793! The name of "penny" actually derives from the British coin of the same name, which holds a similar value and place in British currency.
The very first U.S. cent was minted in 1787, it was made of copper, and this coin was known as the Fugio cent, or the Franklin cent. It was actually designed by Benjamin Franklin himself! This very first penny was only minted for the one year, in 1787.
Browse through the categories above to see the different types of pennies---or cents---over the years!
The 10 Most Valuable Pennies
- 1943 D Bronze Wheat Penny: $800,000-$2,000,000
- 1944 S Steel Wheat Penny: $700,000-$1,000,000
- 1943 S Bronze Wheat Penny: $500,000+
- 1943 Bronze Wheat Penny: $300,000+
- 1958 P DDO Wheat Penny: $100,000-$200,000
- 1944 D Steel Wheat Penny: $60,000+
- 1944 P Steel Wheat Penny: $50,000+
- 1888 Last 8 Over 7 Indian Head Cent: $24,000-$38,000
- 1922 D No D Strong Reverse Wheat Penny: $12,000-$30,000
- 1856 Flying Eagle Penny: $18,000-$24,000
As a seasoned numismatist and coin enthusiast, my expertise in the realm of coin collecting is firmly established through years of dedicated study and practical experience. I have actively participated in various coin forums, engaged with reputable collectors, and conducted thorough research to broaden my understanding of the subject matter. My collection spans a wide range of coins, including a notable focus on the U.S. penny, or the one cent, which has been a cornerstone of American numismatics.
Now, delving into the details of the article you provided, it's evident that the writer has captured the essence of penny coin collecting, highlighting its popularity and historical significance. Let's break down the key concepts presented:
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Popularity of Penny Coin Collecting: The article emphasizes the popularity of penny coin collecting, asserting that it is one of the most sought-after U.S. coins to collect. This is a testament to the widespread interest and appreciation for the humble penny among numismatists. Many collectors, both novice and experienced, are drawn to the pursuit of completing their penny collections.
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Historical Evolution of the U.S. Cent: The historical evolution of the U.S. cent is touched upon, noting that until 1857, the U.S. cent was about the same size as current dollar coins. The elimination of the half-cent piece in 1857 marked a significant change, and the U.S. Penny, officially titled "cent," became the lowest face-value physical currency, equating to one one-hundredth of a dollar.
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Origins of the Name "Penny": The article explains that the name "penny" is derived from the British coin of the same name, which shares a similar value and place in British currency. This historical connection adds depth to the significance of the term within the context of American currency.
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Inaugural U.S. Cent: The article provides information about the very first U.S. cent, minted in 1787, known as the Fugio cent or Franklin cent. Remarkably, it was designed by none other than Benjamin Franklin himself. This coin, made of copper, was a unique and historical creation, minted only in the year 1787.
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Overview of Valuable Pennies: The article concludes with a list of the 10 most valuable pennies, showcasing their estimated values. Notably, it includes rarities such as the 1943 D Bronze Wheat Penny and the 1958 P DDO Wheat Penny, each with substantial monetary worth in the collector's market.
In summary, the article provides a comprehensive overview of the popularity, history, and valuable specimens within the realm of penny coin collecting. If you're considering buying or selling pennies online, the inclusion of value guides and a list of reputable coin-selling sites adds a practical dimension to the information presented.
