What is a penny from 1923?
A penny from 1923 is a one-cent coin struck by the United States Mint in 1923. It is made of copper and features the Lincoln Memorial on the reverse.
The penny from 1923 is a popular coin among collectors because it is the first year that the Lincoln Memorial was featured on the reverse of the coin. It is also the last year that the penny was made of copper.
The penny from 1923 is a valuable coin, and its value can vary depending on its condition. A penny from 1923 in good condition can be worth up to $10, while a penny from 1923 in mint condition can be worth up to $100.
Here are some additional facts about the penny from 1923:
- It was designed by Victor David Brenner.
- It was the first coin to feature the Lincoln Memorial on the reverse.
- It is the last year that the penny was made of copper.
- It is a popular coin among collectors.
- It is a valuable coin, and its value can vary depending on its condition.
Penny from 1923
The penny from 1923 is a significant coin in American history. It is the first year that the Lincoln Memorial was featured on the reverse of the coin, and it is also the last year that the penny was made of copper. Here are seven key aspects of the penny from 1923:
- First year of Lincoln Memorial design
- Last year of copper composition
- Designed by Victor David Brenner
- One-cent denomination
- Obverse: Lincoln's portrait
- Reverse: Lincoln Memorial
- Popular among collectors
These seven aspects highlight the importance of the penny from 1923. It is a unique coin that is both historically and numismatically significant. The penny from 1923 is a valuable coin, and its value can vary depending on its condition. A penny from 1923 in good condition can be worth up to $10, while a penny from 1923 in mint condition can be worth up to $100.
1. First year of Lincoln Memorial design
The Lincoln Memorial was designed by architect Henry Bacon and sculptor Daniel Chester French. It was dedicated on May 30, 1922, and quickly became one of the most iconic landmarks in the United States.
The penny from 1923 was the first coin to feature the Lincoln Memorial on the reverse. This was a significant change, as the penny had previously featured the Indian Head design since 1859. The Lincoln Memorial design was more modern and patriotic, and it quickly became popular with the public.
The Lincoln Memorial design is one of the most recognizable and beloved coin designs in the United States. It is a timeless classic that has stood the test of time. The penny from 1923 is a valuable coin, and its value can vary depending on its condition. A penny from 1923 in good condition can be worth up to $10, while a penny from 1923 in mint condition can be worth up to $100.
2. Last year of copper composition
The penny from 1923 is the last year that the penny was made of copper. This is a significant fact because it marks the end of an era in American coinage. Prior to 1923, all pennies were made of copper. However, in 1923, the United States Mint began to experiment with other metals, such as steel and zinc. These metals were less expensive than copper, and they were also more durable. As a result, the United States Mint decided to switch to these other metals for the production of pennies.
The switch to other metals for the production of pennies was a controversial decision. Many people were unhappy with the new pennies, and they complained that they were too light and too small. However, the United States Mint stood by its decision, and pennies have been made of other metals ever since.
The penny from 1923 is a valuable coin, and its value can vary depending on its condition. A penny from 1923 in good condition can be worth up to $10, while a penny from 1923 in mint condition can be worth up to $100.
3. Designed by Victor David Brenner
The penny from 1923 is a significant coin in American history. It is the first year that the Lincoln Memorial was featured on the reverse of the coin, and it is also the last year that the penny was made of copper. The penny from 1923 was designed by Victor David Brenner, a renowned sculptor and engraver.
Brenner was born in Lithuania in 1871. He immigrated to the United States in 1890 and quickly became one of the most sought-after sculptors of his time. He was known for his realistic and detailed work, and he was commissioned to create many public sculptures, including the bust of Lincoln that is featured on the penny from 1923.
Brenner's design for the penny from 1923 is a classic example of his work. The bust of Lincoln is rendered in great detail, and the reverse of the coin features a beautiful depiction of the Lincoln Memorial. The penny from 1923 is a timeless classic, and it is a testament to Brenner's skill as a sculptor and engraver.
The connection between Victor David Brenner and the penny from 1923 is significant. Brenner's design for the penny is one of the most recognizable and beloved coin designs in the United States. It is a timeless classic that has stood the test of time.
4. One-cent denomination
The penny from 1923 is a one-cent coin. This means that it is worth one hundredth of a dollar. The one-cent denomination is the most common denomination for coins in the United States. It is also the smallest and lightest coin.
- History of the one-cent denomination
The one-cent denomination was first introduced in the United States in 1793. The first one-cent coins were made of copper. In 1856, the composition of the one-cent coin was changed to copper-nickel. The one-cent coin has been made of copper-plated zinc since 1982. - The value of the one-cent denomination
The value of the one-cent denomination has changed over time. In the early 1800s, one cent was worth about the same as it is today. However, the value of the one-cent denomination has decreased over time due to inflation. Today, one cent is worth about one-hundredth of what it was worth in the early 1800s. - The use of the one-cent denomination
The one-cent denomination is used for a variety of purposes. It is used to make change, to pay for small purchases, and to donate to charities. The one-cent denomination is also used in vending machines and parking meters. - The future of the one-cent denomination
The future of the one-cent denomination is uncertain. Some people believe that the one-cent denomination should be eliminated because it is no longer worth very much. Others believe that the one-cent denomination should be kept because it is still useful for making change and paying for small purchases.
The one-cent denomination is an important part of the United States monetary system. It is the most common denomination for coins, and it is used for a variety of purposes. The future of the one-cent denomination is uncertain, but it is likely that it will continue to be used for many years to come.
5. Obverse: Lincoln's portrait
The obverse of the penny from 1923 features a portrait of Abraham Lincoln. This is a significant design element, as it is the first time that a president's portrait had appeared on a U.S. coin. The Lincoln portrait was designed by Victor David Brenner, and it is considered to be one of the most iconic and recognizable coin designs in the world.
The inclusion of Lincoln's portrait on the penny from 1923 was a controversial decision at the time. Some people felt that it was inappropriate to put a president's portrait on a coin, while others felt that it was a fitting tribute to one of the most important figures in American history. Despite the controversy, the Lincoln penny quickly became one of the most popular coins in the United States. It is still one of the most popular coins today, and it is a valuable collectible.
The obverse of the penny from 1923 is an important part of the coin's design. It is a reminder of Lincoln's legacy and his role in American history. The Lincoln portrait is also a beautiful and timeless design, and it is one of the things that makes the penny from 1923 so popular with collectors.
6. Reverse: Lincoln Memorial
The reverse of the penny from 1923 features a depiction of the Lincoln Memorial. This is a significant design element, as it is the first time that a national memorial had appeared on a U.S. coin. The Lincoln Memorial design was created by sculptor Victor David Brenner, and it is considered to be one of the most iconic and recognizable coin designs in the world.
The inclusion of the Lincoln Memorial on the penny from 1923 was a controversial decision at the time. Some people felt that it was inappropriate to put a national memorial on a coin, while others felt that it was a fitting tribute to one of the most important figures in American history. Despite the controversy, the Lincoln penny quickly became one of the most popular coins in the United States. It is still one of the most popular coins today, and it is a valuable collectible.
The reverse of the penny from 1923 is an important part of the coin's design. It is a reminder of Lincoln's legacy and his role in American history. The Lincoln Memorial design is also a beautiful and timeless design, and it is one of the things that makes the penny from 1923 so popular with collectors.
The connection between the "Reverse: Lincoln Memorial" and the "penny from 1923" is significant. The Lincoln Memorial is a national symbol of remembrance and respect for one of the most important figures in American history. The penny from 1923 is a reminder of Lincoln's legacy and his role in American history. The two are inextricably linked, and they together tell the story of one of the most important figures in American history.
7. Popular among collectors
The penny from 1923 is a popular coin among collectors for several reasons.
- First year of Lincoln Memorial design
The penny from 1923 is the first year that the Lincoln Memorial was featured on the reverse of the coin. This makes it a significant coin in American history, and it is one that is eagerly sought after by collectors. - Last year of copper composition
The penny from 1923 is the last year that the penny was made of copper. This makes it a unique coin, as all pennies minted after 1923 are made of other metals, such as steel and zinc. - Designed by Victor David Brenner
The penny from 1923 was designed by Victor David Brenner, a renowned sculptor and engraver. Brenner's design for the penny is considered to be one of the most iconic and recognizable coin designs in the world.
In addition to these factors, the penny from 1923 is also a popular coin among collectors because it is relatively affordable. This makes it a good coin for beginning collectors to add to their collection.
The popularity of the penny from 1923 among collectors has led to a strong demand for the coin. This has resulted in the value of the penny from 1923 increasing over time. Today, a penny from 1923 in good condition can be worth up to $10, while a penny from 1923 in mint condition can be worth up to $100.
The connection between " Popular among collectors" and "penny from 1923" is significant. The popularity of the penny from 1923 among collectors has led to a strong demand for the coin, which has resulted in the value of the penny from 1923 increasing over time. This makes the penny from 1923 a good investment for collectors.
FAQs about "Penny from 1923"
This section answers some of the most frequently asked questions about the penny from 1923.
Question 1: What is a penny from 1923?
Answer: A penny from 1923 is a one-cent coin struck by the United States Mint in 1923. It is made of copper and features the Lincoln Memorial on the reverse.
Question 2: Why is the penny from 1923 significant?
Answer: The penny from 1923 is significant because it is the first year that the Lincoln Memorial was featured on the reverse of the coin, and it is also the last year that the penny was made of copper.
Question 3: How much is a penny from 1923 worth?
Answer: The value of a penny from 1923 can vary depending on its condition. A penny from 1923 in good condition can be worth up to $10, while a penny from 1923 in mint condition can be worth up to $100.
Question 4: Is the penny from 1923 made of copper?
Answer: Yes, the penny from 1923 is made of copper.
Question 5: Who designed the penny from 1923?
Answer: The penny from 1923 was designed by Victor David Brenner.
These are just a few of the most frequently asked questions about the penny from 1923. If you have any other questions, please feel free to contact us.
Summary: The penny from 1923 is a significant coin in American history. It is the first year that the Lincoln Memorial was featured on the reverse of the coin, and it is also the last year that the penny was made of copper. The penny from 1923 is a valuable coin, and its value can vary depending on its condition.
Transition: To learn more about the penny from 1923, please visit our website.
Conclusion
The penny from 1923 is a significant coin in American history. It is the first year that the Lincoln Memorial was featured on the reverse of the coin, and it is also the last year that the penny was made of copper. The penny from 1923 is a valuable coin, and its value can vary depending on its condition.
The penny from 1923 is a reminder of our nation's history and heritage. It is a symbol of the strength and resilience of the American people. The penny from 1923 is a coin that we should all cherish and preserve.
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