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The US Mint unveiled plans for a new penny back in September and today the coin enters circulation.  The release coincides with the 200th anniversary of Abraham Lincoln’s birth and was marked with a ceremony at his birthplace in Hodgenville, Ky.  There are actually four new pennies, each honoring a different period in Abraham Lincoln’s life.  All of the coins will have the same front as the current penny.  The reverse will feature the Kentucky cabin where Abraham Lincoln was born and spent his early childhood,  a young Abraham Lincoln educating himself while working as a rail splitter in Indiana, a professional looking Abraham Lincoln in front of the Illinois Capitol, and finally the half-finished United States Capitol in Washington, D.C.  The coins will be released, in order, about every three months.

The new penny is bound to renew the debate on whether the penny should be eliminated, which remains one of the most popular posts of all time here on Richer by the Day.