Collectible coins, often referred to as numismatic coins, are valued for their historical significance, rarity, and condition rather than just their face value. In the United States, collectible coins include various types such as pennies, nickels, dimes, quarters, and commemorative pieces. The 1 cent coin, popularly known as the penny, has various designs, including the Lincoln penny. Notable collectible coins from 1792, the year the U.S. Mint was established, include pieces featuring George Washington, which are of great interest to collectors due to their historical context and limited mintage.