How Many Pennies Were Minted 2024? U.S. Pennies: History, Value, and Minting

Historical Significance

The first U.S. penny was designed in the 1780s by Benjamin Franklin.

Most Valuable Pennies

The 1909-S VDB Lincoln penny, with Victor David Brenner’s initials on the front, is the most valuable penny in 2024. In uncirculated condition, it can be valued at about $500,000. According to Cointrackers.com, certain 1943 and 1944 pennies top the 2023 list of most valuable pennies. A 1943 copper penny in perfect condition can fetch $250,000. A 1944 steel wheat penny in mint condition is worth up to $408,000.

U.S. Mint Production

In 2024, the U.S. Mint has over 60 listed numismatic products scheduled. However, most still lack images and release dates, and minimal information is provided when product links are clicked.

The U.S. coinage motto, "E Pluribus Unum," means "Out of Many, One." In February 2021, the U.S. Mint produced over 1.1 billion coins for circulation. In 2019, 13.5 billion U.S. coins were minted. The Philadelphia Mint has the capacity to produce 1.8 million coins per hour.

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