Because ALL U.S. "pennies" are really one-cent pieces. Just look at your pocket change! Every single one of them says ONE CENT on the back, regardless of when they were made or what design they have on them.
The name "penny" is a holdover from colonial times that's never disappeared from use. In fact, since 1793 the U.S. has never minted any coins denominated in pennies, only in cents.
One cent
On average, value is 2 to 8 cents...not much at all,(even though it is a wheat penny...)
They made more than a billion of them that year. It's worth one cent.
One cent
A wheat penny is any Lincoln cent that was made between 1909 and 1958. The back of a wheat penny says, "One Cent", and it has a picture of two ears of wheat on either side of these words. Earlier (Indian head) cents and any cents dated 1959 or later aren't wheat cents.
Wheat penny's range in value from one cent to more than $1,000.00. Please be more specific and post new question.
In you search box of your browser, type in 1937 Wheat Cent and click on images, this will show you what one looks like.
1946 D Lincoln / Wheat Ear Reverse (Wheat Penny) in very fine condition is worth $0.10, uncirculated is worth $2.00.
a wheat penny from 1953 is worth 2 to 3 times its value, right now worth 0.02 cents
No the US has never made a gold one cent coin.
"Wheat" cents were minted from 1909 to 1958. A 1998 cent is a Lincoln Memorial cent and is only slightly less common than beach pebbles so it's only worth one cent.
1936 is a common date wheat penny, most coins in average condition are valued at 3 to 10 cents