CoinHunter's Blog

21 Dec 2020

Two-Cent Pieces

Coins | CoinHunter

Hi! Today my blog is going to be about two-cent pieces. So let's begin. During the 19th century several denominations that didn't fit our decimal system were tried. These were the 2-cent, 3-cent, 20-cent, and $4 Stella denominations. None of these experiments survived. The concept of a 2-cent coin actually dates from 1806. In that year Congress failed to pass legislation introducing the denomination after Mint Director Robert Patterson sent a brass button with two of the billion composition blanks for the proposed coins too Rep. Uri Tracy (Dem., NY), the primary sponsor for the bill, to demonstrate how easy it was to substitute a button for the proposed coin. Tracy got the message.A provision to the Mint bill which would have introduced the denomination was dropped from the bill in 1836. Since it took some time before it was decided the proposed 2-cent coin clause would be dropped, Mint employees Christian Gobrecht and Franklin Peale produced patterns during this time. Gobrecht and Peale concluded from their experiments they could not produce a coin which would not necessarily be confused with a button.In a Dec. 8, 1863 letter from Mint Director James Pollock to Secretary of the Treasury Salmon P. Chase the Mint director recommended a 2-cent coin be introduced in what was called "French bronze," the metal composition in which the new small cent was initially struck.Congress had failed to pass a provision twice through which a 2-cent coin could be produced. Chase liked the idea and ensured it would be included in new legislation before Congress. The proposal was included in the Mint Bill passed April 22, 1864 by Congress. A new coin denomination was born. The new 2-cent coin was the first to bear the familiar US coin motto "In God We Trust." The original Pollock proposal included a coin with the motto "God Our Trust." This was altered by Chase, likely because Brown University, from which Chase graduated, uses the motto "In Deo Speramus" or "In God we Hope."The denomination was not a success and was only struck between 1963 (patterns in 1863, circulating coins beginning in 1864) and 1873. Prototype patterns dated 1863 and early 1864 Proofs were struck with a small letter legend. The first business strikes of 1864 were produced from dies made from the same Small Letter variety hub. A new hub with the well known Large Letter variety obverse legend was used to make the dies for the majority of the coins of 1864 and for all coins of this denomination struck through 1873. It was Mint Engraver James Barton Longacre who designed the 2-cent coin.Initially it looked like the 2-cent denomination had been accepted by the public and was about to successfully circulate. It was later determined the only reason the public accepted the coin was the chronic shortage of coins experienced during the Civil War. Once the war ended and regular coinage began to appear again in circulation demand for the 2-cent coin dropped off the end of the earth. Thanks for reading my blog and happy holidays!Source-PCGS CoinFacts

18 Dec 2020

Flying Eagle Cents

Coins | CoinHunter

Today I will be talking about flying eagle cents. Flying eagles were a result of the increasingly unpopular large cents in the 1840s because of the fact that they weren't legal tender (only silver and gold coins were legal tender in the United States) and because of this they were refused at most places or accepted at a huge discount which was even worse. By 1851, it was costing the Mint $1.06 to strike one dollar in 1-cent coins, they were losing money by making them! The diameter of the 1-cent coin was based off of British penny denomination (which is probably why some people still call our one-cent coins "pennies" which is technically incorrect). Because of the increasing price of minting large cents, experimental cent patterns and various proposals for different metal compositions for a Small Cent began to be explored. As blanks for large cents became not only expensive, but also almost unavailable, Mint Director James R. Snowden decided to strike a Small Cent of 88% copper and 12% nickel at a weight of 4.67 grams (Large Cents have a weight of 10.89 grams and are composed of pure copper beginning in 1795).

17 Dec 2020

Coin Roll Hunting

| CoinHunter

Hi! I hope everyone is doing well and has a wonderful Christmas! I am writing a blog about coin roll hunting today, and some of my best finds/experiences. To start us off I am going to tell you my definition of coin roll hunting, coin roll hunting is when someone goes to the bank, purchases large quantities of coin, searches through them, and takes out anything old, interesting, or valuable and sets it aside to look at later. I started coin roll hunting a little more than two years ago. When I started out I didn't have very much spending money, so I only got three rolls of Pennies every week or so. I kept the wheat pennies, and one for each year (I didn't know about mintmarks or errors/varieties). But then I started to save money I earned doing a paper route, and I got $16 in pennies, which at the time was a lot, and then I saved a little more and got a whole box (my parents thought I was insane). A little later I had saved up a total of $100 so I decided to purchase a nickel box, and I was rewarded with my first silver nickel a 1944-P, and two buffalos! A 1914 (which I had to Nic-a-date) and a 1937-D. I have only been able to get two boxes of nickels since then and one was a dud while the other was a brand new, but I have been able to get several boxes of pennies since then (before Covid anyways) and found a lot of cool stuff, my best box of pennies had 4 Indians! I have also found a steel cent, a 2000 wide AM, and another Indian. I hope you coin roll hunters on here have had some great finds like I have, and weren't too sad and bored when the coin shortage happened (boy, I was!) Happy holidays and thanks for reading my blog!

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