The penny has been apart of American money and history for a very long time. President Abraham Lincoln did not appear on the penny until 1909. From that time forward, the coin has been cemented into the culture of the United States and the economy. But our unique brown colored coin goes beyond being known in the States. Nations around the world recognize and know this historic coin.
The makeup of the penny has not always been copper. In fact, the penny is rarely made of one hundred percent copper anymore. At the start of World War II was the last time the penny was made primarily of copper. Metals became more costly during the war.
Eventually, a decision was made to create a new composition for the penny. The coin went through many changes. The penny at one point in time was being constructed of steel. Today, the current penny is primarily made up of zinc and is only about two percent copper. Read more: US Money Reserve President Discusses The Elimination of Penny and US Money Reserve INC | BBB
U.S. Money Reserve, a producer of precious metals, knows very much about the penny, its history, its former and current composition and why it’s starting such a heated debate. U.S. Money Reserve is a Texas-based company that creates high quality goods for customers. Customers travel from several states to purchase their legal tender, coins and precious metals.
The company has become a pioneer in producing mints for the public. They have garnered such brand recognition because of their priority on customer service and their promise of producing goods made with the finest quality. Debates like about the penny are debates that U.S. Money Reserve always hears about and has an opinion about.
Both people rest on either side of the aisle of whether the penny should remain apart of currencies or if the penny should be eliminated. There are so many thoughts on whether or not the penny is still significant.
The costs of producing the penny continue to rise. Digital money is increasing in popularity. But charities receive so much money in the form of donations. Pennies are once again historic and have been essential parts of the United States’ currency.
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