http://content.answers.com/main/content/wp/en/b/bd/1959-Penny-Front-Back.jpg on the reverse why is o in of not capitalize when f is
Designer's license, he thought that it looked interesting. No value. And it is a cent. Not a penny, that is a British currency.
(penny)"a common but unofficial name for the one-cent coin in the United States and in Canada, worth 1/100 of the dollar: see penny (U.S. coin), penny (Canadian coin). This word is not used by the United States Mint or the Royal Canadian Mint; they use cent." "In the USA and Canada, "penny" is normally used to refer to the coin - the quantity of money is a "cent." Elsewhere in the English-speaking world, the plural of "penny" is "pence" when referring to a quantity of money and "pennies" when referring to a number of coins. Thus a coin worth five times as much as one penny is worth five pence, but "five pennies" means five coins, each of which is a penny." -taken from Wikipedia- I think it's okay to call a cent a penny.
I think he made it small so it does not blend in with the word before it(STATES) . If the "o" were a capital , it may appear like it was jumbled together. That is my guess.