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The Lincoln Cent Element IV Upcoming Adjustments
To review our last segment, the Lincoln Cent has undergone several alterations. Contractor Accountants Cornhill Private Wealth Cornhill Private Wealth camaro wide body kit . From the VDB initials controversy, composition alterations and reverse modifications practically 50 years ago (from Wheat to Memorial). The versatile cent has seen its share of adjustments.
So what does the future hold for the Lincoln cent? Legislation was recently passed authorized a plethora of coin alterations. One of individuals adjustments included the cent. The Lincoln cent Title III to the Presidential Dollar Coin Act calls for the elimination of the Lincoln Memorial reverse to be replaced with four different styles depicting the life of Lincoln. internet duraflex body kit . In the text of the law the new reverses are referred to as (A) his birth and early childhood in Kentucky (B) his formative years in Indiana (C) his expert life in Illinois and (D) is presidency, in Washington D.C. These changes would appear in 2009.
In addition to these circulating styles, the legislation also says, The Secretary of the Treasury shall problem 1-cent coins in 2009 with the precise metallic content material as the 1-cent coin contained in 1909 in such quantity as the Secretary determines to be proper for numismatic purposes. Will this be a fifth style or a wheat cent? Who knows? It will be a coin struck as proof or uncirculated as non-circulating legal tender. click .
For 2010 and beyond, the legislation states, The style on the reverse of the 1-cent coins issued immediately after December 31st, 2009 shall bear an image emblematic of President Lincoln's preservation of the Untied States of America as a single and united nation. This could be an unspecified design or could revert back to the Lincoln Memorial. Considering that this is numerous years away, no decision on this seems to be immanent. A single question that does seem to be answered is that the cent will continue to be produced despite some calls for its discontinuance. A lot of think the penny is no longer valuable and should fade away considerably like the cent. We shall see.