### It's Time For Change

Do you like money?

Because if you're like most people

You just can't get enough of it

So today

I'm here to talk about change

Metal money

Cold

Hard

Cash

I've got stats, facts, and fun

But since we're talking about 'common cents'

Let's start with some questions...

Enjoy!

**What Is The Most Common Coin In Circulation?**

## The Penny!

There are an estimated **300 BILLION** (300,000,000,000) pennies in circulation today, making it the most common coin. That means there's $3 **BILLION **worth of pennies out there just waiting for you. So if you're looking to get your collection going, 'Take a penny' trays and wishing wells are a great place to start.

**In What Year Did The U.S. Mint Produce The Most Coins?**

**2000****28,093,434,000**(28 BILLION, 93 million, 434 thousand) coins were producedThese coins had a total value of

**$3,553,138,700**(3 BILLION, 553 million, 138 thousand, 700), which is the highest value of coins ever produced in a year

**How Many Total Coins Did The U.S. Mint Produce Last Year (2019)?**

**11,942,234,400**(11 BILLION, 942 million, 234 thousand, 400)

**So How Many Of Each Coin Did The U.S. Mint Produce Last Year (2019)?**

__Penny__:**7,040,400,000**(7 BILLION, 40 million, 400 thousand)__Nickel__:**1,094,894,400**(1 BILLION, 94 million, 894 thousand, 400)__Dime__:**2,149,000,000**(2 BILLION, 149 million)__Quarter__:**1,651,600,000**(1 BILLION, 651 million, 600 thousand)__Half Dollar__:**3,400,000**(3 million, 400 thousand)__Dollar__:**2,940,000**(2 million, 940 thousand)

### Let's take a closer look at each one...

## The Penny (¢1)

__The Stats__

Weight:

**0.088 ounces**Diameter:

**0.750 inches**Thickness:

**0.059 inches**Year First Produced:

**1793**Year With Most Produced:

**1982**(16,725,504,368)President Currently On Coin:

**Abraham Lincoln**

__The Facts__

The term 'penny' actually comes from a

__British coin__which has the same nameThe U.S. Mint's official name for the penny is 'cent', and the U.S. Treasury's official name for the penny is 'one cent piece'

The

__most expensive penny in the world__was auctioned for**$1.7 million**in 2010

__The Fun__

The **16,725,504,368 **(16 BILLION, 725 million, 504 thousand, 368) pennies produced in 1982 would weigh **91,990,274** lbs (91 million, 990 thousand, 274)

That is...

More than the weight of the entire Lincoln Memorial! (

__76,000,000 lbs__)Equal to the weight of

**511,057**Abraham Lincolns (__180 lbs__)Equal to the weight of

**15,331**2020 Lincoln Navigators (__~6000 lbs__)

## The Nickel (¢5)

__The Stats__

Weight:

**0.176 ounces**Diameter:

**0.835 inches**Thickness:

**0.076 inches**Year First Produced:

**1866**Year With Most Produced:

**1964**(2,815,919,922)President Currently On Coin:

**Thomas Jefferson**

__The Facts__

Melting nickels in order to sell the raw metal is

__punishable__with a fine of up to $10,000, 5 years in prison, or if you're lucky, BOTH!The nickel replaced the silver '

*half-disme*' (pronounced 'half-dime', which comes from an Old French word meaning a 'tenth')The nickel was created in part thanks to gold and silver coins being hoarded by citizens during The Civil War due to fears of financial crisis and/or governmental collapse

__The Fun__

The **2,815,919,922**** **(2 BILLION, 815 million, 919 thousand, 922) nickels produced in 1964 stacked on top of each other would be **17,834,160** feet tall (17 million, 834 thousand, 160)

That is...

**3,377**MILES high!Equal to the height of

**2,892,026**Thomas Jeffersons (__~6 ft. 2 in.__)Equal to the height of

**32,924,603**large Starbucks coffee cups (__6.5 in__)

## The Dime (¢10)

__The Stats__

Weight:

**0.080 ounces**Diameter:

**0.705 inches**Thickness:

**0.053 inches**Year First Produced:

**1796**Year With Most Produced:

**2000**(3,661,200,000)President Currently On Coin:

**Franklin Delano Roosevelt (FDR)**

__The Facts__

The dime is smaller than the nickel and penny because it used to actually contain ¢10 worth of real silver. The dime is

__now made from a mix of copper and nickel__(cupronickel), but the size of the coin has stayed the sameThose ridges on a dime are called 'reeds'.

__A dime has 118 reeds__The Secretary of the Treasury in 1791,

*Alexander Hamilton*,__recommended__issuing a silver coin that would be, '*in weight and value, one-tenth part of a silver unit or dollar*'. This recommendation went on to become the dime!

__The Fun__

The **3,661,200,000** (3 BILLION, 661 million, 200 thousand) dimes produced in 2000 laid next to each other in a straight line would be **215,095,500** feet long (215 million, 95 thousand, 500)

That is...

**40,738**MILES long!Equal to the length of

**34,880,351**FDRs laying down in a straight line (__6 ft. 2 in.__)More than the circumference of the earth (

__24,901 miles__)

## The Quarter (¢25)

__The Stats__

Weight:

**0.200 ounces**Diameter:

**0.955 inches**Thickness:

**0.068 inches**Year First Produced:

**1796**Year With Most Produced:

**2000**(6,477,470,000)President Currently On Coin:

**George Washington**

__The Facts__

0 quarters were minted in 1922, 1931, & 1933.

__No quarters were minted 1933__due to an oversupply from the year beforeThe quarter was authorized by the

__Coinage Act of April, 2 1792__, but they were not produced until 1796Remember when

__quarters had different states on the back__? Well, Virginia had the most with more than__1.5 BILLION__state quarters produced and Oklahoma had the least with only__416 million__state quarters produced

__The Fun__

The **6,477,470,000** (6 BILLION, 477 million, 470 thousand) quarters produced in 2000 are worth **$1,619,367,500** (1 BILLION, 619 million, 367 thousand, 500)

That is...

More than enough to buy 16 brand new

__Drake mansions__Enough to buy 540

__2020 Bugatti Chirons__How much a person earning $50,000/year would make after

**32,387**Years!

## The Half Dollar (¢50)

__The Stats__

Weight:

**0.400 ounces**Diameter:

**1****.205 inches**Thickness:

**0.084 inches**Year First Produced:

**1794**Year With Most Produced:

**1975 & 1976**(521,873,248)President Currently On Coin:

**John F. Kennedy (JFK)**

__The Facts__

Silver was entirely removed from the half dollar thanks to

__The 1970 Coinage Law__In 2002, the U.S. Mint

__stopped producing__half dollar coins for general circulation (they are still made for collectors though)In March 2020, a man in Alaska

__stole $4,206 in coins from a bank__,*including $100 in half dollar coins*. The total weight of his haul was around 100 lbs! Does that count as a 'strong armed robbery'?

__The Fun__

The **521,873,248** (521 million, 873 thousand, 248) half dollars produced in 1975 & 1976 contain **11,970,467** lbs of copper (11 million, 970 thousand, 467)

That is...

**$30,524,690**worth of copper (__at a price of $2.55/lb__)Enough to make more than 26 Statue of Liberties (

__450,000 lbs__), which is also made out of copper!Enough to make

**1,162,632**miles of 1 in. copper__wire__

## The Dollar Coin ($1)

__The Stats__

Weight:

**0.289 ounces**Diameter:

**1.043****inches**Thickness:

**0.078****inches**Year First Produced:

**1794**Year With Most Produced:

**2000**(1,286,056,000)President Currently On Coin:

**N/A**

__The Facts__

A $1 coin in 1900 could buy you

**70 lbs**of__potatoes__!In the one hundred years from 1900 to 2000, the U.S. Mint

__did not produce__dollar coins in 72 of themSwitching completely to $1 coins could

__save the U.S. around $4.4 BILLION__over the next 30 years, but history has shown that the public prefers $1 bills over $1 coins

__The Fun__

The **1,286,056,000** (1 BILLION, 286 million, 56 thousand) $1 coins produced in 2000 have a total surface area of **17,504,636** ft² (17 million, 504 thousand, 636) *See calculation below**

That is...

Equal to

**1,948,047**$1 bills (__0.1112875 ft²__)

** Formula for surface area of a cylinder: **SA=2π r h+2π r**²*

*d = 1.043 in.*

*r = 0.5215 in.*

*h = 0.078 in.*

*Surface Area of one $1 coin: **1.96 **in²** (0.0136111 **ft²)*

*Surface Area of all $1 coins produced in 2000: **17,504,636** ft² (**1,286,056,000 * **0.0136111** **ft²)*

*...*

So there it is

The stats

The facts

The fun

Now with this common cents

I hope you're able to go out into the world

And make some change

- Harry W. Brodsky

*Have an idea for an article?*

Contact __me@harrybrodsky.com__** **and let me know!

Fun and interesting article.

Did you know that the Half Penny is the smallest unit of currency ever minted?

Did you know that one tenth of a penny is called a “mill”?