United states | |
Value | 0.01 U.S. Dollar |
---|---|
Mass | 13.48 g |
Diameter | 26–27 mm |
Edge | Decorated with bars and vines |
Composition | 100% Cu |
Years of minting | 1793 |
Mint marks | None, all large cents were minted at the Philadelphia Mint |
Obverse | |
Design | Liberty (Breen obverse 3 shown) |
Designer | Henry Voigt (supposedly) |
Design date | 1793 |
Reverse | |
Design | Chain (Breen reverse B shown) |
Designer | Henry Voigt (supposedly) |
Design date | 1793 |
The chain cent was America's first large cent and the first circulating coin officially produced by the United States Mint. [1] It was struck only during 1793. [2] [3]
It was not the first circulating coin produced by the United States, which was the Fugio cent of 1787 (also known as the Franklin cent), based on the Continental dollar. As with the Fugio cent, the Chain cent was made of copper and featured a chain symbolizing the linking together of the states of the United States.
The obverse design consisted of a stylized Liberty head with flowing hair, similar to that on the 1792 half disme but facing right. The inscription "LIBERTY" appeared above the portrait, and the date below.
The reverse's central design figure, for which the coin is named, is an interlocking chain with 15 links, representing the fifteen American states in the Union at that time (the original Thirteen Colonies, Vermont and Kentucky). Both the words "ONE CENT" and the fraction 1/100 appear within the chain. Along the outer edge is inscribed "UNITED STATES OF AMERICA". On the first working die, the engraver failed to allow adequate room for the entire inscription, and it had to be abbreviated to "UNITED STATES OF AMERI.". These early dies were cut by hand, rather than being made from master hubs as is the practice today. (It is also said that the abbreviation was ordered by Mint Director David Rittenhouse in an attempt to "balance" the designs of the obverse and reverse). [4]
The edge of these coins is decorated with bars and vines with leaves. [5]
Chain cents were struck during late February and early March 1793; records indicate that approximately 36,103 were produced. However, the public reaction to the coins was largely unfavorable. One newspaper criticized the appearance of the Liberty head, saying that it appeared to be "in a fright". And, while the reverse chain had been intended to symbolize the unity of the newly formed Union (similar iconography had been utilized on the reverse of the earlier Fugio Cent and Revolutionary War era Continental currency), many commentators instead interpreted it as representative of slavery. By March, the Mint had run out of planchets, which temporarily halted striking. During this time, a new design – the Wreath cent – was quickly prepared and approved.[ citation needed ]
As a one-year only type coin and the first business strike cent, the Chain cent has always been in demand, both by collectors of large cents, as well as type collectors. [6] Struck for about two weeks from late February until early March 1793, only about 1,000 coins are known to exist today, and even coins in the lowest grades still sell for thousands of dollars. [7]
The cent, the United States of America one-cent coin, often called the "penny", is a unit of currency equaling one one-hundredth of a United States of America dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857. The first U.S. cent was produced in 1787, and the cent has been issued primarily as a copper or copper-plated coin throughout its history. Due to inflation, pennies have lost virtually all their purchasing power and are often viewed as an expensive burden to businesses, banks, government and the public in general.
A nickel is a five-cent coin struck by the United States Mint. Composed of cupronickel, the piece has been issued since 1866. Its diameter is 0.835 inches (21.21 mm) and its thickness is 0.077 inches (1.95 mm).
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. The U.S. Mint is one of two U.S. agencies that manufactures physical money. The other is the Bureau of Engraving and Printing, which prints paper currency. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point.
The dime, in United States usage, is a ten-cent coin, one tenth of a United States dollar, labeled formally as "one dime". The denomination was first authorized by the Coinage Act of 1792.
The half dollar, sometimes referred to as the half for short or 50-cent piece, is a United States coin worth 50 cents, or one half of a dollar. In both size and weight, it is the largest circulating coin currently minted in the United States, being 1.205 inches in diameter and 0.085 in (2.16 mm) in thickness, and is twice the weight of the quarter. The coin's design has undergone a number of changes throughout its history. Since 1964, the half dollar depicts the profile of President John F. Kennedy on the obverse and the seal of the president of the United States on the reverse.
The half dime, or half disme, was a silver coin, valued at five cents, formerly minted in the United States.
The half cent was the smallest denomination of United States coin ever minted. It was first minted in 1793 and last minted in 1857. It was minted with five different designs.
The United States four dollar coin, also officially called a Stella, is a unit of currency equivalent to four United States dollars.
The Indian Head cent, also known as an Indian Head penny, was a one-cent coin ($0.01) produced by the United States Bureau of the Mint from 1859 to 1909. It was designed by James Barton Longacre, the Chief Engraver at the Philadelphia Mint.
The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 11⁄8 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the modern-size one-cent coin.
The quarter eagle is a gold coin that was issued by the United States with a value of two hundred and fifty cents, or two dollars and fifty cents. It was given its name in the Coinage Act of 1792, as a derivation from the US ten-dollar eagle coin.
The Shield nickel was the first United States five-cent piece to be made out of copper-nickel, the same alloy of which American nickels are struck today. Designed by James B. Longacre, the coin was issued from 1866 until 1883, when it was replaced by the Liberty Head nickel. The coin takes its name from the motif on its obverse, and was the first five-cent coin referred to as a "nickel"—silver pieces of that denomination had been known as half dimes.
The Wreath cent was an American large cent. It was the second design type, following the Chain cent in 1793. It was produced only during that year.
The Silver center cent is an American pattern coin produced by the United States Mint in 1792. As a precursor to the large cent it was one of the first coins of the United States and an early example of a bimetallic coin. Only 12 original examples are known to exist, of which one is located in the National Numismatic Collection at the Smithsonian Institution. Two more specimens exist but contain fabricated plugs added after minting.
The coins of Canada are produced by the Royal Canadian Mint and denominated in Canadian dollars ($) and the subunit of dollars, cents (¢). An effigy of the reigning monarch always appears on the obverse of all coins. There are standard images which appear on the reverse, but there are also commemorative and numismatic issues with different images on the reverse.
"Draped Bust" was the name given to a design of United States coins. It appeared on much of the regular-issue copper and silver United States coinage, 1796–1807. It was designed by engraver Robert Scot.
The Fugio cent, also known as the Franklin cent, is the first official circulation coin of the United States. Consisting of 0.36 oz (10 g) of copper and minted dated 1787, by some accounts it was designed by Benjamin Franklin. Its design is very similar to Franklin's 1776 Continental Currency dollar coin that was produced in pattern pieces as potential Continental currency but was never circulated.
The Turban Head eagle, also known as the Capped Bust eagle, was a ten-dollar gold piece, or eagle, struck by the United States Mint from 1795 to 1804. The piece was designed by Robert Scot, and was the first in the eagle series, which continued until the Mint ceased striking gold coins for circulation in 1933. The common name is a misnomer; Liberty does not wear a turban but a cap, believed by some to be a pileus or Phrygian cap : her hair twisting around the headgear makes it resemble a turban.
Flowing Hair coinage was issued in the United States between 1793 and 1795. The design was used for the first half dime, half dollar, dollar, and the first two large cents.
The Roosevelt dime is the current dime, or ten-cent piece, of the United States. Struck by the United States Mint continuously since 1946, it displays President Franklin D. Roosevelt on the obverse and was authorized soon after his death in 1945.