Two-cent Piece (United States Coin)
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Two-cent Piece (United States Coin)
The two-cent piece was produced by the United States Mint, Mint of the United States for circulation from 1864 to 1872 and for collectors in 1873. Designed by James B. Longacre, there were decreasing mintages each year, as other minor coins such as the Nickel (United States coin), nickel proved more popular. It was abolished by the Mint Act of 1873. The economic turmoil of the American Civil War caused government-issued coins, even the non-silver Indian Head cent, to vanish from circulation, hoarded by the public. One means of filling this gap was Civil War token, private token issues, often made of bronze. The cent at that time was struck of a copper-nickel alloy, the same diameter as the later Lincoln cent, but somewhat thicker. The piece was difficult for the Philadelphia Mint to strike, and Mint officials, as well as the annual United States Assay Commission, Assay Commission, recommended the coin's replacement. Despite opposition from those wishing to keep the metal nickel ...
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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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Three-cent Nickel
The copper-nickel three-cent piece, often called a three-cent nickel piece or three-cent nickel, was designed by US Mint Chief Engraver James B. Longacre and struck by the United States Bureau of the Mint from 1865 to 1889. It was initially popular, but its place in commerce was supplanted by the five-cent piece, or nickel. With precious metal federal coinage hoarded during the economic turmoil of the American Civil War, including the silver three-cent piece, and even the copper-nickel cent commanding a premium, Congress issued paper money in denominations as small as three cents to replace the hoarded coins in commerce. These small slips of paper became ragged and dirty, and the public came to hate " shinplasters". After the issuance in 1864 of a lighter bronze cent and a two-cent piece of that metal, both of which circulated freely, there were proposals for a three-cent piece in copper-nickel to replace the three-cent note. The advocates were led by Pennsylvania industriali ...
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Pattern Coin
A pattern coin is a coin which has not been approved for release, but produced to evaluate a proposed coin design. They are often off-metal strike (using metals of lower value to test out the dies), to proof standard or piedforts. Many coin collectors collect and study pattern coins because of their historical importance. Many of the world's most valuable coins are pattern coins; nearly 25 of the pieces listed in ''100 Greatest US Coins'' are pattern coins. English patterns The first English coin that can be identified with certainty is a groat, originally worth fourpence. This piece, an example of which was illustrated and sold in the Dodsley Cuff sale of the mid-19th century, had crowns in place of the usual three pellets in each quarter of the reverse. Patterns are particularly identifiable and exist in larger numbers from the reign of Elizabeth I onwards. The experimental base metal issues of all coinage prior to the mid-18th century have been well preserved. Boulton's ...
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Salmon P
Salmon () is the common name for several commercially important species of euryhaline ray-finned fish from the family Salmonidae, which are native to tributaries of the North Atlantic (genus ''Salmo'') and North Pacific (genus '' Oncorhynchus'') basin. Other closely related fish in the same family include trout, char, grayling, whitefish, lenok and taimen. Salmon are typically anadromous: they hatch in the gravel beds of shallow fresh water streams, migrate to the ocean as adults and live like sea fish, then return to fresh water to reproduce. However, populations of several species are restricted to fresh water throughout their lives. Folklore has it that the fish return to the exact spot where they hatched to spawn, and tracking studies have shown this to be mostly true. A portion of a returning salmon run may stray and spawn in different freshwater systems; the percent of straying depends on the species of salmon. Homing behavior has been shown to depend on ...
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James Pollock (American Politician)
James Pollock (September 11, 1810 – April 19, 1890) was the 13th governor of Pennsylvania from 1855 to 1858. Political career James Pollock graduated from the College of New Jersey at Princeton before setting up a law practice in his home community, in Milton, Pennsylvania. District attorney and judicial appointments followed and in 1844 he was elected to the United States House of Representatives where he served three successive terms. As a freshman congressman, Pollock boarded in the same rooming house as another new congressman, Abraham Lincoln (who would later become the 16th President of the United States), and they soon developed a mutual respect and longstanding friendship. Pollock was an early supporter of Samuel Morse and his idea for a telegraph and was instrumental in getting the United States Congress to appropriate a small amount to help build the first line. He was present in the room when the first message, "What hath God wrought" was received, ushering in ...
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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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Large Cent (United States Coin)
The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 1 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the Penny (United States coin), modern-size one-cent coin (commonly called the penny). Large cents were made of nearly pure copper, or copper as pure as it emerged from smelting, without any deliberate addition of other metals (such as occurs in bronze). General history First struck in 1793, the large cent was minted every year from 1793 to 1857 except 1815. When the United States War of 1812, declared war in 1812 against Great Britain, coinage was affected. The wartime embargo against shipments made it so the mint could not get any new copper planchet, planchets, which were imported from Great Britain, to strike coins. The mint made do with what supply it had and struck coins into 1815. After the war ende ...
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1836 P2C Two Cents (Judd-52) (obv)
Events January–March * January 1 – Queen Maria II of Portugal marries Prince Ferdinand Augustus Francis Anthony of Saxe-Coburg-Gotha. * January 5 – Davy Crockett arrives in Texas. * January 12 ** , with Charles Darwin on board, reaches Sydney. ** Will County, Illinois, is formed. * February 8 – London and Greenwich Railway opens its first section, the first railway in London, England. * February 16 – A fire at the Lahaman Theatre in Saint Petersburg kills 126 people."Fires, Great", in ''The Insurance Cyclopeadia: Being an Historical Treasury of Events and Circumstances Connected with the Origin and Progress of Insurance'', Cornelius Walford, ed. (C. and E. Layton, 1876) p76 * February 23 – Texas Revolution: The Battle of the Alamo begins, with an American settler army surrounded by the Mexican Army, under Santa Anna. * February 25 – Samuel Colt receives a United States patent for the Colt revolver, the first revolving barrel multishot firearm. * March ...
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Franklin Peale
Benjamin Franklin Peale (born Aldrovand Peale; October 15, 1795 – May 5, 1870) was an employee and officer of the Philadelphia Mint from 1833 to 1854. Although Peale introduced many innovations to the United States Mint, Mint of the United States, he was eventually dismissed amid allegations he had used his position for personal gain. Peale was the son of painter Charles Willson Peale, and was born in the museum of curiosities that his father ran in Philadelphia. For the most part, Franklin Peale's education was informal, though he took some classes at the University of Pennsylvania. He became adept in machine making. In 1820, he became an assistant to his father at the museum, and managed it after Charles Peale's death in 1827. In 1833, Peale was hired by the Mint, and was sent for two years to Europe to study and report back on coining techniques. He returned with plans for improvement, and designed the first steam-powered coinage press in the United States, installed in ...
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Christian Gobrecht
Christian Gobrecht (December 23, 1785 – July 23, 1844) was the third Chief Engraver of the United States Mint from 1840 until his death in 1844. He was responsible for designing the famous " Seated Liberty" designs, which were in turn the direct inspiration for the design of the Trade Dollar. He designed the Gobrecht Dollar, which was struck in small quantities from 1836 to 1838 and later inspired the Flying Eagle cent. He also designed the obverse sides for the Liberty head (aka Coronet Head) Quarter Eagle, Half Eagle, and Eagle gold coins, as well as the "braided hair" type Half cent and Large cent coins. Early life and career Gobrecht was born on December 23, 1785, in Hanover, Pennsylvania, to Reverend John C. Gobrecht, who came to America from Germany in 1755, and Elizabeth Sands, with ancestry going back to 1642 in Plymouth Colony. After apprenticing in Manheim, Pennsylvania, he engraved ornamental clockworks in Baltimore, Maryland, until he moved to Philadelphia in 1 ...
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Planchet
A planchet is a round metal disk that is ready to be struck as a coin. An older word for planchet is flan. They are also referred to as blanks. History The preparation of the flan or planchet has varied over the years. In ancient times, the flan was heated before striking because the metal that the coin dies were made of was not as hard as dies today, and the dies would have worn faster and broken sooner had the flan not been heated to a high temperature to soften it. An unusual method was used to mint the one-sided, bowl-shaped '' pfennigs'' of the Holy Roman Empire. The planchet used for these so-called ''Schüsselpfennigs'' was larger than the coin die itself. The coins were made by striking with only one upper die on the larger planchet. As a result, the perimeter of the planchet was pressed upwards in the shape of a bowl or plate. Until the 18th century they were minted mainly in the Harz Mountains. The curved shape of the pfennig was very useful for handling small c ...
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Robert Patterson (educator)
Robert Patterson (May 20, 1743 – July 22, 1824) was an American educator and director of the United States Mint. He was born on a lease-held farm near Hillsborough, County Down, Ireland, emigrated to the North American British colonies in 1768, and lived for a time in Philadelphia. In 1774, he became principal of an academy in Wilmington, Delaware. A Patriot in the American Revolution, after the battles of Lexington and Concord he began instructing his students in military matters and served as adjutant in a local company of the Delaware militia. When classes were suspended because of the War of Independence, he returned to Greenwich Township, Cumberland County, New Jersey, where he had earlier lived, and hastily received enough training to serve as an assistant surgeon in a New Jersey militia company. Militia service was not a full-time activity, but he frequently served in the field for nearly three years, and was appointed a brigade major. From 1779 to 1814, he was prof ...
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