Anyone who has been a tourist or who
has children has likely at one point come across an elongated coin.
If elongated coin does not sound like a term you are familiar with,
perhaps you recognize such alias names as pressed pennies, squished
pennies, smashed pennies or rolled-out pennies. Many who purchase
elongated coins see them as small and inexpensive souvenirs
commonly purchased at museums, amusement parks, historical sites,
and other visitor locations. In fact, the Money Museum has an
elongated coin-making machine in the front lobby. These coins are
not just inexpensive souvenirs; they have a history and are
collected by coin collectors around the world. This type of coin
collecting is called exonumia or novelty coin collecting.
The history of elongated coins dates back to 1893, when the
first elongated coins were created at the World's Columbian Exposition in Chicago.
Immediately, the coins gained popularity and remained popular until
1916. From 1917-1932 the popularity decreased, but after 1932 they
began to reclaim their popularity, which has only increased
throughout the years. The long history of elongated coins has led
the coins to be categorized in three classes: Colloquially
(1893-1965), Modern Elongateds (1966-1985), and Contemporary
(Elongated Coin from the
Columbian Exposition in 1893)
Elongated coins are created when coins, tokens, medals or metal
blanks are forced between two rollers that engrave on one or both
sides of the roller and an incredible amount of pressure is exuded
onto the metal. The average price to purchase a freshly created
elongated coin ranges from 50 cents to $1.50. Rarer coins can be
purchased from elongated penny dealers for $5-10. Additionally,
private engravers make special elongated coins to commemorate
historical events and personal highlights or
A question that comes up often regards the legality of producing
elongated coins. The answer is yes, at least in the United States.
U.S. Code Title 18, Chapter 17, Section 331 prohibits the
mutilation, diminution and falsification of United States coinage.
However, the statute does not prohibit the mutilation of coins, if
the mutilated coins are not used fraudulently or for profit from
the base metal. Elongated coins are typically made as souvenir
items, hence the mutilation is deemed as legal. When a business or
location purchases an elongated coin machine, it must obtain a
permit from the U.S. Mint.
(Small sign located
on the Penny Pincher machine at the Money Musuem)
Elongated coins can be appealing to any age range from children
to hardcore coin collectors. There are thousands of these coins to
collect, click here to view. Stop by the Money Museum
located 818 N Cascade Ave, Colorado Springs, Colo., to make a Money
(Penny Pincher machine at
the Money Musuem)