Morgan Dollars

Collectible Coins


U.S. Pennies

The One-Cent coin, or Penny, was one of the first coins struck by the U.S. Mint in 1793.  According to the Act of Congress in 1792 that authorized a unique United States coinage, the Penny was to be the lowest unit of denomination in the American monetary system.  (A Half Cent coin was also made from 1793 to 1857.)  Despite their lowly status, Pennies are among the most widely collected of all U.S. coins.
The first Penny was the Flowing Hair design in 1793.  Like all early Pennies, this was a large copper coin that was heavier but slightly smaller than a modern Half Dollar.  It was based on the large English Penny of this era.  The Liberty Cap design was introduced in late 1793, but it was short-lived and replaced with the Draped Bust design in 1796.  The Classic Head Penny was struck from 1808 to 1814, and the final large Penny was the Liberty Head issue of 1816 to 1857.  read more