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Incredibly, from 1909 through 2004, over 400 billion pennies have been minted. Yes, that is more than 4 hundred billion, as in billion with a "B". That is roughly 1400 pennies per every US Citizen. If you have a jar, can, piggy bank, no doubt you have your share. A lot more cents are made than any other denomination. The lifespan of the Lincoln cent has spanned two globe wars, many other wars, the first commercial jet flight, trips to the moon, Y2K and the invention of practically every little thing we use nowadays and take for granted. Yes, that tiny penny has been about for almost 100 years and has noticed a couple of adjustments such as adjustments in its design and style and adjustments in the metal content.
How did this design and style, the staple of our pocket alter come about? Way back in 1908, Victor D Brenner started designing a medal of Theodore Roosevelt marking the construction of the Panama Canal. Brenner had earlier created a plaque of Lincoln using a February 9th, 1864 photograph as the model. When Roosevelt saw the plaque of Lincoln, he was impressed. Brenner confided to the president that he was a fantastic admirer of Lincoln and recommended that a portrait of Lincoln ought to be put on a U.S. coin. Though George Washington and Lincoln had appeared on pattern troubles of the 1860s, as of 1908 no American president, or actual individual, had ever appeared on a coin created for normal circulation. The timing was appropriate as Roosevelt had previously commissioned Augustus Saint-Gaudens in 1907 to redesign all American coinage such as the Indian Head penny which had been about for practically 50 years. Regrettably Saint-Gaudens died that summer. As a result Roosevelt was open to tips from other artists and was intrigued by the thought of making use of Lincoln on the cent and also coincided with his wish to honor his fellow Republican (it was all politics back then also) and the 100 year anniversary of his birth and consequently asked Brenner to submit a design. Brenner pick the penny as the coin to honor Lincoln as he felt it was suitable to honor the peoples president on the most typical coin. Originally, the design and style for the reverse was the identical pattern as a French two-franc coin and had United States of America across the top of the reverse with his name BRENNER in tiny letters across the bottom.
The design was quickly rejected by Mint officials as they did not like the use of a design and style identical to a French coin. They also did not like Brenners name being prominently displayed on the coin. They advised him to use only his initials as was widespread on other coins. Brenner redesigned the reverse with two stalks of wheat, the words 1 CENT more than United States of America and his initials VDB on the bottom and the national motto, E PLURIBUS UNUM, which means "One particular out of A lot of" circling the best. Brenners style did not originally incorporate the phrase In God We Trust despite the truth that the Congress passed the Act on March three, 1865, authorizing the use of this expression on our coins in the course of Lincoln's tenure of workplace. William Taft succeeded Roosevelt as president just before the penny went into production and refused to approve the style with out it.
Even although no legislation was needed for a new design, approval of the Treasury Secretary was required to make the modify. Franklin MacVeagh gave his approval July 14, 1909 and it was announced to the public that a new a single-cent coin would be accessible in the middle of the year to commemorate the one hundred year anniversary of Lincolns birth. About 3 weeks later, on August 2nd, 1909, the new cent was released to the public with considerably controversy which will be covered in Portion II war z noclip
