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Flying Eagle Cent
The Flying Eagle cent is a one- cent piece struck by the Mint of the United States as a pattern coin in 1856 and for circulation in 1857 and 1858. The coin was designed by Mint Chief Engraver James B. Longacre, with the eagle in flight based on the work of Longacre's predecessor, Christian Gobrecht. By the early 1850s, the large cent (about the size of a half dollar) being issued by the Mint was becoming both unpopular in commerce and expensive to mint. After experimenting with various sizes and compositions, the Mint decided on an alloy of 88% copper and 12% nickel for a new, smaller cent. After the Mint produced patterns with an 1856 date and gave them to legislators and officials, Congress formally authorized the new piece in February 1857. The new cent was issued in exchange for the worn Spanish colonial silver coin that had circulated in the U.S. until then, as well as for its larger predecessor. So many cents were issued that they choked commercial channels, especially ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Feucht Reverse
Feucht is a market town and municipality southeast of Nuremberg in the district of Nürnberger Land in Bavaria, Germany. The name Feucht () is derived from the Old High German noun "viuhtje" - "fichta", which is the spruce tree (vernacularly Féichdn). As of 31 December 2019, Feucht had a population of 14,050. Hermann Oberth (1894–1989), one of the early fathers of space travel, lived for many years and died in Feucht. History Since the Middle Ages Feucht has been a centre for beekeeping and honey production referred to as ''Zeidlerei''. Lebkuchen, the famous gingerbread of Nuremberg, is based on honey from Feucht. Feucht was also the location of the kaserne of the U.S. Army's 4/11th Armored Cavalry Regiment, until it's recall to Fort Lewis, Washington in 1992 during the drawdown of the USAREUR. Points of interest Culture * Hermann Oberth Space Travel Museum - This small museum is located at Pfinzingstrasse 12-14 and is open on weekends. It features some books, models, award ...
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Walter Breen
Walter Henry Breen Jr. (September 5, 1928 – April 27, 1993) was an American numismatist, writer, and convicted child sex offender; as well as the husband of author Marion Zimmer Bradley. He was known among coin collectors for writing ''Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins''. "Breen numbers", from his encyclopedia, are widely used to attribute varieties of coins. He was also known for activity in the science fiction fan community and for his writings in defense of pederasty as a NAMBLA activist. Early life Breen was born in San Antonio, Texas, the son of Walter Henry Breen Sr. and Mary Helena (Nellie) Brown Mehl. He spent the first several years of his life in Texas with his parents. At the time they met, both of Walter's parents were married to other people and living next door to each other in Parkersburg, West Virginia. Walter's father changed his own name from Walter H. Green to Breen after abandoning his wife and children to run away with Walt ...
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Three-cent Piece (United States Coin)
The United States three cent piece was a unit of currency equaling of a United States dollar. The mint produced two different three-cent coins for circulation: the three-cent silver and the three-cent nickel. Additionally, a three-cent bronze coin was made as a pattern in 1863. During the period from 1865 to 1873, both coins were minted, albeit in very small quantities for the silver three-cent piece. History The three-cent coin was proposed in 1851 both as a result of the decrease in postage rates from five cents to three and to answer the need for a small-denomination, easy-to-handle coin. The three-cent silver featured a shield on a six-sided star on the obverse and the Roman numeral III on the reverse. The coin was initially composed of 75% silver and 25% copper to ensure that the coin would be considered real currency yet not worth melting down for the silver. The coins were physically the lightest-weight coins ever minted by the United States, weighing only 0.8 grams an ...
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Ring Cent
The ring cent or holey cent was a one-cent pattern coin first struck in various compositions and designs between 1850 and 1851 as part of an experiment on producing a cent with a reduced weight and diameter, as the rising price of copper had caused cents to cost more than their face value to produce. Many varieties exist, with differing designs as well as differing compositions, including billon (standard), aluminum, copper, cupronickel, nickel silver, nickel, silver, and white metal. History In the late-1840s, the price of copper had risen to the point that large cents cost more than one cent to produce. In response to a bill drafted in 1849 by Congressman Sam F. Vinton to reduce the size of the cent, the US mint began looking for an alternative type of cent. One solution to the problem was to perforate the coin in the center, creating a ring-like appearance. Pattern ring cents were first struck in 1850 in various test compositions. However, it was found that the coin was dif ...
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Billon (alloy)
Billon () is an alloy of a precious metal (most commonly silver, but also gold) with a majority base metal content (such as copper). It is used chiefly for making coins, medals, and token coins. The word comes from the French ''bille'', which means "log". History The use of billon coins dates from ancient Greece and continued through the Middle Ages. During the sixth and fifth centuries BC, some cities on Lesbos used coins made of 60% copper and 40% silver. In both ancient times and the Middle Ages, leaner mixtures were adopted, with less than 2% silver content. Billon coins are perhaps best known from the Roman Empire, where progressive debasements of the Roman ''denarius'' and the Roman provincial ''tetradrachm'' in the second century AD led to declining silver and increasing bronze content in these denominations of coins. Eventually, by the third quarter of the second century AD, these coins were almost entirely bronze, with only a thin coating or even a wash of silver. ...
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Daniel S
Daniel is a masculine given name and a surname of Hebrew origin. It means "God is my judge"Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 68. (cf. Gabriel—"God is my strength"), and derives from two early biblical figures, primary among them Daniel from the Book of Daniel. It is a common given name for males, and is also used as a surname. It is also the basis for various derived given names and surnames. Background The name evolved into over 100 different spellings in countries around the world. Nicknames (Dan, Danny) are common in both English and Hebrew; "Dan" may also be a complete given name rather than a nickname. The name "Daniil" (Даниил) is common in Russia. Feminine versions (Danielle, Danièle, Daniela, Daniella, Dani, Danitza) are prevalent as well. It has been particularly well-used in Ireland. The Dutch names "Daan" and "Daniël" are also variations of Daniel. A related surname developed ...
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List Of Recessions In The United States
There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, the consensus view among economists and historians is that "The cyclical volatility of GDP and unemployment was greater before the Great Depression than it has been since the end of World War II." Cycles in the country's agricultural production, industrial production, consumption, business investment, and the health of the banking industry contribute to these declines. U.S. recessions have increasingly affected economies on a worldwide scale, especially as countries' economies become more intertwined. The unofficial beginning and ending dates of recessions in the United States have been defined by the National Bureau of Economic Research (NBER), an American private nonprofit research organization. The NBER defines a recession as "a significant decline in economic activity spread across the econo ...
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Hard Times Token
Hard-times tokens are American large or half cent-sized copper tokens, struck from about 1833 through 1843, serving as unofficial currency. These privately made pieces, comprising merchant, political and satirical pieces, were used during a time of political and financial crisis in the United States. Today, hard-times tokens are collectible and usually very affordable as coins or as political history. Background In 1832, President Andrew Jackson ran for re-election and called for the abolition of the Second Bank of the United States. While he won the election, he worked to weaken the bank before the charter expired in 1836. Without the Bank of the United States, state banks attempted to fill the paper money gap and issued a large number of bank notes, which fueled inflation. Hoping to halt the inflation and speculation in public lands, Jackson and his Treasury secretary, Levi Woodbury, issued the Specie Circular on July 11, 1836. The circular simply stated that as of August ...
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Feuchtwanger Cent
The Feuchtwanger cent was a nickel silver private token coin circulated in the U.S. by Lewis Feuchtwanger during the 1830s and 1840s. Three-cent varieties were also available, though not as plentiful as the one-cent tokens. The tokens were originally created as patterns to demonstrate a new type of metal for coinage; but when these proposals failed, they were temporarily used by the public during depressions to accommodate a shortage of small change. History Lewis Feuchtwanger (born in Fürth, Bavaria on January 11, 1805) received a doctorate at the university of Jena and then moved to New York City. He was primarily a mineralogist, metallurgist, and chemist, but also worked as a physician and was a member of a number of learned societies. He wrote four books on mineralogy and chemicals. In 1837, to alleviate the need for small change during the Hard Times, Feuchtwanger created tokens made of argentan (commonly known as "German silver"), an alloy made of copper, nickel, zin ...
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German Silver
Nickel silver, Maillechort, German silver, Argentan, new silver, nickel brass, albata, alpacca, is a copper alloy with nickel and often zinc. The usual formulation is 60% copper, 20% nickel and 20% zinc. Nickel silver does not contain the element silver. It is named for its silvery appearance, which can make it attractive as a cheaper and more durable substitute. It is also well suited for being plated with silver. A naturally occurring ore composition in China was smelted into the alloy known as or () ("white copper" or cupronickel). The name "German Silver" refers to the artificial recreation of the natural ore composition by German metallurgists.Joseph Needham, Ling Wang, Gwei-Djen Lu, Tsuen-hsuin Tsien, Dieter Kuhn, Peter J Golas''Science and civilisation in China'' Cambridge University Press: 1974, , pp. 237–250 All modern, commercially important, nickel silvers (such as those standardized under ASTM B122) contain significant amounts of zinc and are sometimes considered ...
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Lewis Feuchtwanger
Lewis Feuchtwanger (11 January 1805 Fürth, Bavaria – 25 June 1876 New York City) was a German-born chemist known primarily for his work on United States coinage. Feuchwanger was married to Augusta Levy and had five children. Biography Lewis Feuchtwanger was the son of a mineralogist, and inherited a taste for natural science, to which he devoted special attention at the University of Jena. After receiving his doctor of philosophy degree there in 1827, he emigrated to the United States in 1829, and settled in New York, where he opened the first German pharmacy, and also practiced medicine, being particularly active during the cholera epidemic of 1832. Subsequently, he devoted his entire attention to chemistry and mineralogy, and became engaged in the manufacture and sale of rare chemicals. He introduced in 1829 the alloy called German silver, and was the first to call the attention of the U. S. government to the availability and desirability of nickel for small coins. In 1837 he ...
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