Facts about pennies
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Facts About Pennies PowerPoint PPT Presentation


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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

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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.”

Facts About Pennies

D R A F T


Facts about pennies1

  • 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.).

Facts About Pennies

D R A F T


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