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Government

Dec. 6, 2011

Value inquiry: Here’s a penny for your thoughts

Has the penny outgrown it's worth?

James P. Gray

ADR Services Inc.

Business and commercial contracts, real estate, construction, employment, PAGA, probate, legal malpractice

19000 MacArthur Blvd #550
Irvine , CA 92612

Phone: (949) 863-9800

Fax: (949) 863-9888

Email: jimpgray@sbcglobal.net

USC Law School

James is a retired judge of the Orange County Superior Court, a private mediator and arbitrator with ADR Services Inc., the author of "Wearing the Robe: the Art and Responsibilities of Judging in Today's Courts" (Square One Press, 2009), and the 2012 Libertarian candidate for vice president, along with Gov. Gary Johnson as the candidate for president.

In an effort to discuss small issues as well as large, today's column is devoted to the penny.

Our penny coin was originally named after the British penny. The first one was designed by Benjamin Franklin, made out of pure copper and minted in 1787. The first Lincoln penny was issued in 1909 in honor of Abraham Lincoln's 100th birthday, and it replaced the Indian Head penny. This new penny was the first coin in the U.S. with a picture of a president, and was made out of 95 percent...

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