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CMCC's Blog

09 Mar 2015

Ending Years of US Coinage

Coins | CMCC

I made a blog about the Beginning Years of US Coinage a few weeks ago, about the years 1793-1796; today I am putting up the opposite, the Ending Years of US Coinage, the years 1857, 1873, 1933, and 1964.


1857: The Large Copper Large Cent and the Copper Half Cent were not only expensive to mint, but were also looked down upon. The Half Cent was known as almost utterly useless, and the Large Cent was a nuisance because of its size. In 1856, a new pattern was minted for the cent, it was tiny, only 19 mm in diameter. The coin was officially minted in 1857, but 330,000 Large Cents were as well, however, no more large cents were minted. Along with the Large Cent, the Half Cent disappeared from mintage as well.
1857 is the "End of Large Copper Coinage."

1873: In 1851 a new three cent piece was minted. It was a tiny silver coin, but was replaced by nickel in 1865, and the silver denomination had very puny mintages, until it ended with 600 proofs in 1873. In 1864, a copper two-cent piece was minted, but its mintage decreased every year, and it ended with 600 proofs in 1873. The silver half dime, like the three-cent, was replaced by nickel. Unlike the three cent, it kept minted large quantities for the era, but suddenly ended in 1873.
This year was the "End of Small Silver and Odd Copper."

1933: Because of the Great Depression, President Roosevelt issued a law that Gold Coinage was illegal to own in 1933. Of course the mint wouldn't issue illegal coins, so gold coins ended right then and there. 1933 is the "End of Gold Coinage."

1964: Because of the price of silver, Dimes, Quarters and Halves became too expensive to mint, so they were changed to 75% copper and 25% nickel. This is the widest known ending year, as this was the "End of Silver Coinage."

I hope you find this blog helpful. -Caleb

Comments

Mike

Level 7

Thanks for atk NGC the time for that. I do appreciate anyone who takes t he time to write. Mike

cool!

BossX

Level 5

Very well done!

CMCC

Level 5

Thanks!

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