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27 Jan 2019

Learn Your Types: Two-Cent

Coins-United States | iccoins

The two-cent piece, minted from 1864 to 1873 was a short-lived and currently obsolete denomination from the US Mint. It was one of the shortest-lived denominations and issue of any United States coin. Around this time, the Mint was creating two-cent pieces and three-cent pieces, with the nickel three-cent coin replacing the silver design in 1865, one year after the first year of the two-cent piece. Just after the conclusion of the two-cent piece in 1873, the Mint began minting another popular obsolete denomination, the twenty-cent piece. This type was incredibly short lived, concluding in 1878, just 3 years after its introduction. Around this time, the US Mint seemed to have been obsessed with creating several different denominations until finally settling in on what you generally use today. The mintages of the two-cent coins started out strong, but dwindled down every year and 1873 was a proof-only year. The coin was designed by James Longacre and weighted 6.22 grams, double the weight of the bronze Indian Head Cent, also designed by Longacre and released the same year. The coin was composed of 95% copper, plus a5% tin and zinc combination. These coins, with a diameter of 23 millimeters are slightly larger than small cents. All two-cent pieces were minted at the Philadelphia Mint.

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27 Jan 2019

Learn Your Types: Lincoln Bicentennial

Coins-United States | iccoins

Generally, I would not write an entire article about a specific year, but these are interesting coins and I believe they are worthy of an extended look. 2008 was the last year for the popular, but long-lived Lincoln Memorial Cent. In 2010, they were replaced with the Lincoln Shield Cent. 2009, however, was the 100-year anniversary of the Lincoln Cent, which was originally introduced in 1909 with the Lincoln Wheat Cent. The obverse of the coin has remained the same for 110 years, as of the time of this writing. In 2009, the Mint released four different reverse designs recognizing the bicentennial of his birth. Each reverse design was issue during one quarter of 2009, similar to how the Mint releases the National Park/America The Beautiful quarter series. Each coin essentially goes in the order of his life. The first reverse, Birthplace, depicts the Lincoln’s small log cabin in Kentucky. The second shows Lincoln sitting on a log reading a book during his teenage years. The third, Professional Life, shows Lincoln in front of the Illinois state capitol. During this time in his life, he served for eight years in the Illinois state legislature as a lawyer. The final coin shows his career until his assassination, his presidency. Known as the Presidency reverse, this shows the US Capitol, but in an unfinished state, as it was when he was president. This coin has the same composition as the 1982 to present Lincoln cents with 99% zinc, 1% copper, with a weight of 2.5 grams and a 19-millimeter diameter.

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20 Sep 2018

"Gold" Quarters

Coins | iccoins

Companies attempt to sell “gold” quarters as great future coin investments, which they are not. Because the term “gold” generally coincides with “valuable” and “precious metal,” people believe that they should be worth a significant amount and purchase gold plated coins with that thought. The problem with these, however, is that, while they are gold plated, the gold plating is incredibly thin, only thin enough to give the appearance of gold. There is nothing wrong with owning gold-plated coins, with the most common being quarters, as long as you did not spend the overpriced prices for the coins. These are real quarters, plated by a third-party service, not the official US Mint. Because of that reason, many collectors even go as far as to claim these coins are damaged.

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