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America's first penny coin was about the size of a half dollar! Known as the Large Penny, it was made with copper and was one of the first coins ever struck by the new U.S. Mint in 1793. The coin is so large because it actually contained one penny's worth of copper. Like the silver and gold coins of this era, its intrinsic metal value was equal to its face value - as a result, people trusted this coin because it was always worth its face value.

By the 1850s, small denomination coins like this were becoming scarce because people were hoarding them due to economic uncertainty and the fear of civil war. The last Large Penny was made in 1857, partly because people complained about its weight as they carried pockets full of coins. Copper prices were also rising so much that it became profitable to melt them, as eventually, each one contained more than a penny's worth of copper. Very few have survived, making it a must-have for your collection!

Coin Set Includes

  • One Large Cent
  • Display box
  • Certificate of authenticity

Coin Specifications

  • Coin Grade: Circulated
  • Denomination: One cent
  • Diameter: 28.57mm
  • Mint Mark: P - Philadelphia
  • Mintage Year(s): 1793-1857
  • Obverse: Features a portrait of Liberty and date
  • Reverse: Features a wreath, ONE CENT, UNITED STATES OF AMERICA
  • Country of Origin: USA (coin), China (display box)

Display Box Dimensions

  • 2-5/8" x 2-5/8" x 1-1/8"

Distributed by The Franklin Mint.

Cents    

Lincoln Cent:
The idea of striking an image of a past president on a circulating coin in the United States ignited a controversy in 1909. The act of honoring the 100th anniversary of Abraham Lincoln's birth by etching his likeness into the American cent directly violated a long-standing tradition in American coinage. Many believed that the custom established by George Washington of not using the images of presidents on circulating coins should be respected. Despite this resistance, the coin adopted the image of Lincoln and also the initials of the coin's designer, Victor D. Brenner. The relative prominence of the V.D.B. on the reverse of the coin led many to criticize the design. The initials were removed shortly thereafter but eventually returned in a more subtle form in 1918.

The coin debuted with a reverse featuring a pair of wheat ears encircling the words, "One Cent" and "United States of America". The term "Wheat Penny" derives from this reverse design. In 1959, to honor the 150th anniversary of Abraham Lincoln's birth, a new reverse, designed by noted U.S. Mint Engraver, Frank Gasparro, replaced the original. The new reverse displayed a striking image of the Lincoln Memorial surrounded by the words, "One Cent" and "United States of America." This reverse design remained on the penny until 2009 when four new reverse images were introduced to commemorate the 200th anniversary of Lincoln's birth and the 100th anniversary of the Lincoln Cent. The four designs each honored a different stage of Lincoln's life and were released one at a time every three months over the course of the year.

About the Collection

Discover the collectability of The Franklin Mint - the world’s leading private mint for more than 45 years. Founded in 1964, the Franklin Mint first stepped into the international arena by striking legal tender coins for foreign nations. Shortly after, the company expanded and began offering the general public coins and collectibles of the utmost quality.

Today, Franklin Mint is known throughout the world for its impeccably crafted minted coins, die-cast models and collectible art. Offering rare pieces for first time and serious collectors, each item from the mint is an instant heirloom that can be enjoyed for generations to come.

About the Guest

Walter Kole is the Brand Curator for The Franklin Mint. As a member of the American Numismatic Association, Walter has over 30 years’ experience in the field of numismatics, philatelics, and related collectibles. He has purchased in excess of one million U.S. Mint and International official coins and limited commemorate issues. His decades of experience and passion for coins and collecting are evident in each rare piece that he presents.