Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Michael is passionate about personal finance, side hustles, and all things geeky.
The word penny has been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name.
First minted in 1787, the U.S. penny has been one of the mainstays of American coinage. The officialU.S. Mint name for the coin is the “cent,” and the official U.S. Treasury name for it is “one-cent piece.”
Official coin collectors are on high alert –- the new 2021 Silver Eagle design will be here by the summer of the next year!
On October 1st, the United States Mint announced the release of the new 2021 American Eagle gold and silver coin reverse designs. The new design will feature an American bald eagle flying while grasping an oak branch, in what has been described as a more natural state.
The U.S. one-cent piece, commonly known as the penny, was one of the original denominations minted in the United States and remains a staple of American coinage today.
Although a penny’s value is just a cent, many rare or unusual pennies are worth far beyond their face value and have sold for jaw-dropping amounts at auction. Who knew that a small piece of copper could be worth so much? But the interesting question is which pennies are worth a lot of money?
Coins are ingrained into American culture. They’re a part of our daily life, our sayings, and our symbols. As much as we handle and reference coinage, have you ever thought about how our coins came to be? Do you know the history of U.S. coins?
Unless you’re a coin collector or know one, the answer is likely “no.”
Throughout history, humans have invented different systems to measure and value items. Ancient people used the grain to measure mass, and this unit of measurement is still employed today to measure tiny amounts of material. Although you may not be familiar with grain, you use the ounce every day, so let’s compare the grain to the ounce...