Found this as one possible explanation. Sounds possible when reading it.
Why is lincolns head facing the opposite direction of other coins? - Yahoo! Answers
It talks about alternating directions to differentiate one monarch from his predecessor. Since we came from England and Europe some of the traditions from that area carried over.
Or there is this explanation by the US Mint.
Quote:
The likeness of President Lincoln on the penny is an adaption of a plaque executed by Victor David Brenner, an outstanding portraitist and sculptor. President Theodore Roosevelt was so impressed with Mr. Brenner's design of a Lincoln plaque that he recommended to the Secretary of the Treasury that the design be placed on a coin to be issued in the Lincoln Centennial Year, 1909.
The direction that Lincoln faces on the cent was not mandated—this was simply the choice of the designer.
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