It's one of the US's first coins, and this particular penny had a design that was rejected, so it was never circulated.
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Apparently the chain design on the reverse side, of 13 links meant to indicate the unity of the United States, was instead rejected because of the connotation of chains with slavery, a touchy subject in the country at a time when the new government had struggled over slavery in the US Constitution.
Lady Liberty on the Obverse (heads) side of the penny is unappealingly masculine, IMO.
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