
January 27, 2014

The Lincoln Penny - A Little
History
by Barbara Schock
Carl Sandburg knew the
value of a penny from the time he was a very
small child. He once made an unauthorized
charge for some candy at the Swan H. Olson
grocery store. His father made clear the price
of the candy had taken food out of the mouths
of other family members.
The one cent coin produced by the United
States Mint between 1859 and 1909 was called
the Indian Head penny. A Native American
female was depicted as “Liberty” wearing a
feathered headdress. The word Liberty appeared
on the headband.
In 1909 a new one cent piece was introduced in
honor of the centennial of Abraham Lincoln’s
birth. President Theodore Roosevelt felt U.S.
coinage was uninspiring. He had hoped the
sculptor August Saint-Gaudens would design a
new set of coins. Unfortunately, Saint-Gaudens
died before the work could be completed.
Roosevelt had seen a bronze bas relief plaque
created by Victor David Brenner, a
Lithuanian-born Jewish immigrant. Brenner had
used a Matthew Brady photograph as the
inspiration for his portrait of Lincoln. Some
modifications were necessary for the actual
stamping of the coins.
There was some controversy as Americans were
unaccustomed to seeing the image of a real
person, living or dead, on their coins. But
Lincoln had become so revered after the Civil
War that the new penny became very popular.
On July, 9,1909, production of the new penny
began at the Mint in Philadelphia. Circulation
of the new cent began August 2nd in New York
City. People stood in line at banks to acquire
the coins. The going rate of barter was three
pennies for a nickel. The Mint had struck 25
million of the pennies before releasing them
to the public. The penny was made of 95
percent copper and 5 percent zinc and tin.

On the 150th anniversary of Lincoln’s birth in
1959, the reverse of the coin was changed. The
Lincoln Memorial replaced the wheat design.
The statue of Lincoln can be seen inside the
monument if one uses a magnifying glass.
On the 200th anniversary of Lincoln’s birth in
2009, a series of four new designs for the
reverse side of the penny were introduced.
They denote his birth and childhood in
Kentucky, youth in Indiana, professional life
in Illinois and his presidency in Washington.
The Brenner profile of Lincoln will continue
to appear on the obverse side of the coin.
The U.S. Mint produces 13 million pennies a
year. The coins are made of 97.5 percent zinc
with a copper coating. As metal prices have
risen in recent years the cost of producing
the pennies has increased. The government no
longer makes a profit on each penny. There are
some who argue that the penny should be
discontinued. There are 130 billion one-cent
pieces in circulation (or in dresser drawers)
across the nation. The common copper is
everywhere.
A good many pennies arrive at the Carl
Sandburg State Historic Site every January.
Traditionally, fourth grade students in Knox
County collect pennies for maintenance and
improvements at the Site in honor of Carl
Sandburg’s January 6th birthday.
 |
Date |
Title |
January 27, 2014 |
The Lincoln Penny - A Little History |
January 20, 2014 |
Walking to Work |
January 13, 2014 |
A Small Abode |
January 6, 2014 |
Birth of a Poet |
December 30, 2013 |
Christmas 1880 |
December 23, 2013 |
Swedish Christmas |
December 16, 2013 |
The Reporter Sees Santa |
December 9, 2013 |
The Coming of Christmas |
December 2, 2013 |
The Fire Boys Talk |
November 25, 2013 |
Galesburg Will Feast on Turkeys and
Cranberries - Thanksgiving 1893 |
November 18, 2013 |
Mary Sandburg Johnson |
November 11, 2013 |
Carl Sandburg's Bicycle |
November 4, 2013 |
Lace Curtains |
October 28, 2013 |
The Front Room |
October 21, 2013 |
A Warm Breakfast |
October 14, 2013 |
Marion D. Shutter |
October 7, 2013 |
Cigars and Consumption |
September 30, 2013 |
Forrest F. Cooke & August Sandburg |
September 16, 2013 |
Forrest F. Cooke, Mayor |
September 9, 2013 |
Dusty Streets |
September 2, 2013 |
Typhoid Fever |
August 26, 2013 |
Coffee and Water |
August 19, 2013 |
A Horse! A Horse! |
August 12, 2013 |
Gaddial Scott |
August 5, 2013 |
The Racetrack |
July 29, 2013 |
John Peter Algeld - Part II |
July 22, 2013 |
John Peter Altgeld - Part I |
July 15, 2013 |
Tramps, Tramps, Tramps |
July 8, 2013 |
Lady Liberty |
July 1, 2013 |
Galesburg's Fourth |
June 24, 2013 |
John H. Finley |
June 17, 2013 |
The World's Columbian Exhibition |
June 10, 2013 |
Fruit Short-Cake |
June 3, 2013 |
Horatio Alger, Author |
May 27, 2013 |
Memorial Day, 1887 |
May 20, 2013 |
Professor Jon W. Grubb |
May 13, 2013 |
Beginnings of Lombard University |
May 6, 2013 |
Young Sandburg’s View of
Lombard College |
April 29, 2013 |
Thinking |
April 22, 2013 |
Robert Colville, Master Mechanic |
April 15, 2013 |
The Galesburg Opera House |
April 8, 2013 |
Grocery Stores and Sample Rooms |
April 1, 2013 |
A Hearty Breakfast |
March 25, 2013 |
The Lost Wallpaper Legend |
March 18, 2013 |
Martin G. Sandburg |
March 4, 2013 |
The Edison Talking Machine |
February 25, 2013 |
Joe Elser, Civil War Veteran |
February 18, 2013 |
Remember the Maine... |
February 11, 2013 |
Lincoln's Birthday |
February 4, 2013 |
Curiosity |
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