2010 cent

The United States Mint today at noon ET placed Lincoln cent two-roll sets on sale for $8.95. The product offering, officially titled 2010 Lincoln Cent Coin Two-Roll Set "Preservation of the Union," includes two rolls of the pennies.

2010 Lincoln Cent Coin Two-Roll Set

One roll contains 50 coins struck from Philadelphia while the other roll holds coins minted from Denver.

The new coins were actually released into circulation on February 11, 2010. The U.S. Mint on that day held a special ceremony in Springfield, Illinois — where Lincoln spent most of his adult life. Until today, however, those interested in owning the cents did not have an opportunity to get them directly from the U.S. Mint, although more and more have been appearing lately in daily change.

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2010 Lincoln Shield CentRolls of new 2010 Lincoln Shield Cents will be available for cash exchange at two locations in Washington, D.C., on February 25, 2010.

The original exchanges were canceled due to two blizzards that ran through the national’s capital and closed down the federal government for four straight days.

As a part of the celebratory release of the new pennies which officially launched in Springfield, Illinois on February 11 — the day prior to the 201st anniversary of Abraham Lincoln’s birthday — the original exchanges were to be held at the United States Mint’s Headquarters Building, 801 9th St NW, and in Union Station, 50 Massachusetts Avenue NE.

The rescheduled D.C. area exchanges will occur at the same locations on Thursday between 10:00 AM. – 4:00 PM Eastern Time (ET) or until the penny inventory is exhausted. Collectors will be able to swap for between two to six rolls of the coins.

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2010 Cent on DisplayThe United States Mint officially launched the 2010 penny from inside the Abraham Lincoln Presidential Museum in Springfield, Illinois on Thursday, February 11, 2010.

Springfield has deep ties with the former President. It was in this area that he lived most of his adult life; where he taught himself to be a lawyer and practiced as such; where he met his wife Mary Todd and married her; where he raised his family; and where he first delved into politics long before being elected President. It is also in Springfield where Lincoln is buried. His body was interred here following his assassination only days after the end of the American Civil War.

The US Mint calls the new coin the "Preservation of the Union One-Cent," but many collectors are referring to it simply as the Lincoln Shield Cent. The new design is expected to be used for the next 49 years, according to the speech given by US Mint Director Edmund Moy during the ceremony.

The following photos recap some of the events on release day in Springfield. Several of the photo captions provide interesting behind the scenes information.

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In a city that is no stranger to events related to former President of the United States Abraham Lincoln, several hundred people gathered today in Springfield, Illinois to take part in the United States Mint’s official launch ceremony for the 2010 Lincoln Shield Cent — a ceremony some thought could be canceled due to a wintry snowmageddon of storms striking the nation.

2010 Lincoln Cent Ceremony

Springfield has deep ties with the former President. It was in this area that he lived most of his adult life; where he taught himself to be a lawyer and practiced as such; where he met his wife Mary Todd and married her; where he raised his family; and where he first delved into politics long before being elected President. It is also in Springfield where Lincoln is buried. His body was interred here following his assassination only days after the end of the American Civil War.

With morning temperatures firmly ensconced around seven degrees, a line of 40 people were frigidly gathered outside the Abraham Lincoln Presidential Library and Museum (ALPLM) complex one hour before the museum opened. By the time the doors sprung open at 9:00, the line had grown to some 300 people who had eagerly awaited to get inside. Coin collectors, members of the media and others immediately started to fill the large room designed to hold approximately 250. Then, with 9:30 approaching, local government representatives and special guests formed at the front of the room and the ceremony began.

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Many collectors and sellers are anxiously looking forward to the 2010 Lincoln Shield Cent launch ceremony in Springfield, Illinois this Thursday, February 11, 2010. There are, however, a few individuals who have taken the initiative in the secondary markets to capitalize on the coins’ desirability ahead of their release.

Auctions started appearing on eBay for the new cents as early as the middle of last month. The first sellers were promising rolls of the 2010s, obtained at exchange ceremonies either at the release ceremony in Springfield or in Washington, D.C. Going prices were an astonishing $25 dollars for one roll from D.C., or $35 if the roll was obtained at the Springfield ceremony.

Sellers guaranteed that the 50-coin rolls procured at the chosen site would be stamped with a commemorative Lincoln postage stamp as well as canceled in that city by the local post office on the day of release.

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2010 Lincoln One-Cent Coin Reverse DesignThe US Mint on Thursday announced the ceremonial release date for the newly redesigned 2010 Lincoln Shield Cent.

The official launch will occur on Thursday, February 11, 2010 at 9:30 AM Central Time at the Abraham Lincoln Presidential Library and Museum in Springfield, Illinois.

The city is a popular destination for those wishing to follow in the footsteps of Lincoln, as it is there where he spent most of his adult life prior to becoming the 16th President of the United States.

Along with a plethora of other Lincoln related sites, to include the museum and the historic site where he lived, Springfield is home to Lincoln’s Tomb.

The new Lincoln "Preservation of the Union" penny is emblematic of President Lincoln’s "preservation of the United States of America as a single and united country." The reverse features a union shield with a scroll draped across it bearing the inscription E PLURIBUS UNUM. The 13 vertical stripes of the shield represent the states joined in one compact union to support the Federal government, represented by the horizontal bar above.

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Lincoln Presidency Cent and RollsThe fourth and final redesigned 2009 Lincoln cent launched in Washington, D.C., on Thursday, Nov. 12. By the following Sunday and according to the latest US Mint sales report, 153,427 of the two-roll sets were scooped up by collectors. Crunching the numbers and moving the decimal point, that is 15.3 million pennies.

During the same initial days following the launch of the previous two pennies, 15.2 million of the third Professional Life cents sold, and 20 million of the second Rail Splitter pennies sold.

In contrast, it took almost two weeks for collectors to purchase 9.6 million of the first 2009 Lincoln Birthplace cents — although these set the demand tone for the next three cents when the Mint unexpectedly stopped selling them. The following table provides the latest sales data for the Lincoln penny rolls.

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2010 Lincoln One-Cent Coin Reverse DesignThe US Mint today pulled away the drapes and revealed the new 2010 Lincoln Cent reverse design. The 2010 penny is a continuation of sorts of the themed 2009 designs, which reflect four distinct phases of Lincoln’s life: his birth in Kentucky, his formative years in Indiana, his professional life in Illinois, and his presidency in Washington, D.C. 

The 2010 cent theme is "emblematic of President Lincoln’s preservation of the United States of America as a single and united country," and was outlined in authorizing Public Law 109-145.

While this year’s cents were issued to celebrate the bicentennial birth of Abraham Lincoln and are minted for 2009 only, next year’s penny design has no specific end date. It could be seen by generations yet to come. Congress would have to marshal through new legislation for ANY change to occur.

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At the Ulysses S. Grant Memorial located below the west front of the U.S. Capitol Building, the US Mint today launched the last 2009 Lincoln Cent. Known as the ‘Presidency Life in Washington, DC‘ penny, the release brings to a close a year of four redesigned coins which have excited the public and awakened new […]

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