What is a penny?
The United States one-cent coin, commonly known as a penny, is a unit of currency equaling one one-hundredth of a United States dollar. The cent's symbol is ¢. Its obverse has featured the profile of President Abraham Lincoln since 1909, the centennial of his birth. From 1959 (the sesquicentennial of Lincoln's birth) to 2008, the reverse featured the Lincoln Memorial. Four different reverse designs in 2009 honored Lincoln's 200th birthday and a new, permanent reverse was introduced in 2010. The coin is 0.75 inches (19.05 mm) in diameter and 0.061 inches (1.55 mm) in thickness.
But do you know the real power that a penny can have?
Many of us see pennies every day, we leave them in tip jars, pass them by while walking down the street, maybe even throw them away. Most people don't value something so small that you can't even use it in vending machines any more.
So why all the buzz about the smallest currency in circulation today?
Well, with Payline Giving, for every $20 in processing that a company does, we donate
1¢ or one penny to the nonprofit they support(1)
. Sure, it doesn't seem like a lot on the surface, but those pennies can add up! Let us walk you through some numbers... Read more