The United States penny equals one hundredth of a US dollar. United States small cents consist of the following varieties: Flying Eagle cent (1856–1858) Indian Head cent (1859–1909) Lincoln cent (1909–present). Victor D. Brenner the designer was made famous by including large initials V.D.B. on the 1909 cent. You can now see his initials on the obverse on his right arm near the rim of the coin. A complete collection of Lincoln Cents will keep you busy for years and will be well worth the effort involved.