A coin penny is a currency unit used in many English speaking countries. A coin penny is usually the lowest value coin in the currency of the country, but is also the most circulated currency of the country. In the United States, the penny is equal to 1/100 of a dollar and was the first currency officially recognized by the US government.

The History Of The Coin Penny 

The design for the first coin penny created in the United States was created by Benjamin Franklin in 1787. Since then, more than 300 billion pennies with 11 different designs have been created in the country. Throughout history, the coin penny has been made out of copper or a copper-zinc alloy that gives it the distinctive color that the penny is known for.

The Lincoln coin penny made its first appearance in 1909, introducing for the first time the portrait of a president on a coin. This also marked the first time the motto “In God We Trust” was stamped on a coin. More of these coins have been produced than any other coin in history, and it is one of the most popular coins collected today. There are some coin collectors who make having a Lincoln coin penny from every year since its inception the basis for their entire collection.

The Death Of The Coin Penny

There are some people who would like to do away with this piece of American history. Some opponents of the coin penny claim that it costs more to accept and count pennies than the coin is worth. Others claim that with the rise in prices for everything, the penny is now obsolete and should be discontinued. When was the last time you can remember anything cost only a penny? There are more pennies thrown away or turned into banks in large quantities than any other coin.

If the coin penny was discontinued, would you miss it or would you even notice it was gone? It would end the age of marketing techniques that claim that an item that costs $9.99 is a better value than an item that cost $10. It would also end the age of small children tossing a coin penny into a wishing well, hoping that their dreams would come true. Grandparents remember the days when a coin penny provided by their parents bought them some of the sweetest candy they ever tasted, while young children put them into their piggy banks to save for a rainy day. Is the penny obsolete? Only time will tell.