The Lincoln Cent Part IV Upcoming Changes
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The Lincoln Cent: Part IV - Upcoming Changes
Summary:
Part four in our series on the history of the Lincoln Cent.
The Lincoln Cent has seen numerous changes throughout its history, from controversies like the VDB initials to alterations in its composition and reverse design from Wheat to Memorial nearly 50 years ago.
What Lies Ahead for the Lincoln Cent?
Recent legislation has set the stage for a wave of coin redesigns, including the Lincoln Cent. Part of the Presidential Dollar Coin Act mandates a shift from the Lincoln Memorial reverse to four new designs celebrating key phases of Lincoln's life:
- His birth and early childhood in Kentucky
- His formative years in Indiana
- His professional life in Illinois
- His presidency in Washington, D.C.
These designs are scheduled for release in 2009.
Additionally, the legislation requires that the Secretary of the Treasury issue 1-cent coins in 2009 with the same metallic content as those from 1909. These coins, meant for collectors, will be available in proof or uncirculated form as non-circulating legal tender.
For 2010 and beyond, the reverse design of the 1-cent coin will commemorate President Lincoln's role in preserving the United States as a unified nation. While the specifics of this design remain undecided, it may return to the Lincoln Memorial or feature a new image.
Despite some voices calling for the discontinuation of the penny, it appears the cent will remain in production. Many argue it has outlived its usefulness, much like the half-cent. Only time will tell what the future holds for this iconic coin.
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