The Philadelphia mint (where the coin was made).
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This signifies that the coin was produced by the Denver Mint. Other mint marks you may find on your pocket change are: P, or no letter - Philadelphia S - San Francisco, mostly on proof coins today but on some older cents and nickels
The "P" on US change stands for the Philadelphia Mint. It indicates that the coin was minted in Philadelphia, Pennsylvania. The Philadelphia Mint is one of the four United States Mint facilities that produce coins and other related items.
They were coins minted by the Philidelphia mint
A mint mark on any coin (not just the United States) indicates where a coin was minted. For modern US coins, P stands for Philadelphia, D is Denver, and S is San Francisco.
For US minted coins, look for a tiny capital letter somewhere in the design. For coins minted since 1968, the mint mark is on the front of the coin. For coins dated 1964 and before, the mint mark is usually but not always on the back. D = Denver mint, S = San Francisco mint, P or no letter = Philadelphia mint, W = West Point mint (collectors' coins only). Pennies are the exception. Since 1909 the mint mark has been on the front under the date. Also, cents made in Philadelphia still don't carry mint marks even though all other denominations have used a "P" since 1980.