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Old 02-18-2009, 04:36 AM
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Default It costs 1.4 cents to make a penny - Mint announces they are making four new pennies

Abraham Lincoln's penny has been around since 1909, when it was inaugurated with several firsts. It was the first U.S. coin to include the words "In God We Trust," and the first to include a portrait. "A strong feeling had prevailed against using portraits on our coins," said a Treasury Department fact sheet, "but public sentiment stemming from the 100th anniversary celebration of Abraham Lincoln's birth proved stronger than the long-standing prejudice."

Now, in honor of the 200th anniversary of Abe's birth, the U.S. Mint is planning to release four new Lincoln pennies this year. Of course these days, given the rising price of zinc and copper, it costs about 1.4 cents to make a penny. As the Washington Post suggested, maybe Congress should change the metal content of the coin to steel...


Lincoln's penny gets a new look -- actually four new looks | Top of the Ticket | Los Angeles Times
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