Money Penny Penny Profitability | Penny Profitability |
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THE PENNY HAS HISTORICALLY PRODUCED A PROFIT FOR TAXPAYERS. Until very recently, the penny has historically cost less to produce than the face value of the coin, so the U.S. Treasury Department earned a profit on each penny minted. Between 1982 and 2006, this profit from the penny, known as "seigniorage", has earned the U.S. Treasury almost $1 billion. Seigniorage reduces the amount of money that must be borrowed to finance the federal debt. (See, also, June 2002 H. Con. Res. 433 under "Congressional Action" tab or via The Library of Congress' Thomas system) Links of interest: |
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Americans for Common Cents
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Lincoln In His Own Words
Discourage litigation. Persuade your neighbors to compromise whenever you can. As a peacemaker the lawyer has superior opportunity of being a good man. There will still be business enough. - Abraham Lincoln
News from the US Mint
New 2009 Penny Designs
Lincoln Bicentennial
In celebration of Abraham Lincoln's upcoming birthday bicentennial in 2009, the United States Mint plans to issue four new versions of the penny, to be released on a rotating basis.
More information about the Lincoln Bicentennial is available here.
Penny Fundraising
Many corporations, national charities, schools, and local philanthropies have realized the worth of the penny. Through the use of point-of-sale collections and competitive penny fundraisers, these groups have turned thousands of idle pennies into real dollars for everything from college scholarships to housing for the homeless. These fundraisers clearly demonstrate the true value of the penny.
More information is available here
Our Kids Making a Difference With Pennies
How To Conduct a Penny Fundraising Drive
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1301 K Street NW Suite 600, East Tower Washington, D.C. 20005-3364
Phone (800) 561-7909 | Fax (202) 408-6399
Americans for Common Cents is a broad based and informal coalition of charitable organizations, historians, coin collectors and those involved in penny production who share a common interest in the penny's history and continued circulation.
