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Collecting 1, 2, 3 VG Large Cent, Two Cent & Three Cent Nickel w/ Display Box - 437-303


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437-303 - Collecting 1, 2, 3 VG Large Cent, Two Cent & Three Cent Nickel w/ Display Box
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Collecting 1, 2, 3 VG Large Cent, Two Cent & Three Cent Nickel w/ Display Box

The United States large cent was a coin with a face value of 1/100 of a United States dollar. 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 (commonly called the penny). First struck in 1793, the large cent was coined every year from 1793 to 1857 minus one year (1815) due to a shortage of copper. The Philadelphia Mint produced all large cents, which contained twice the copper of the half cent. This made the coins bulky and heavy, bigger than modern-day U.S. Quarters.

The two-cent piece was designed by James B. Longacre, the Chief Engraver of the United States Mint, and was the first coin of the United States to bear the motto "In God We Trust." The design is similar to the shield nickel of the same period, which was also designed by Longacre. Civil War era silver shortages led to widespread hoarding of all silver coins, and most one and five cent coins as well. Various alternatives were tried, including encapsulated postage and privately issued coinage. The Treasury eventually settled on issuing fractional currency.

These small denomination (1 to 50 cent) notes were never popular, as they were easy to lose and unwieldy in large amounts. The answer to this issue was reached in 1865 with the introduction of the three cent nickel coin. This coin was composed of copper and nickel and was larger than the silver coin of the same denomination. The coin featured a Liberty head obverse and another Roman numeral 'III' reverse. The three cent nickel was never intended as a permanent issue, only as stopgap measure until the wartime hoarding ceased. However, production of the coin continued until 1889, 16 years after the three cent silver was discontinued. One reason often given for the discontinuation of the three cent nickel piece in 1889 is that this coin and the dime (10 cent silver coin) were identical in diameter, and hence caused confusion upon the introduction of mechanical vending machines. Another factor may have been that in 1883 the letter postage rate dropped to 2 cents, thus removing the justification for this coin.

Specifications:

  • Coin Grade: VG
  • Denomination: Penny
  • Diameter: 29 mm
  • Mint Mark: Philadelphia, PA
  • Mintage Year(s): 1793 - 1857
  • Obverse: Lady Liberty
  • Reverse: Words "One Cent".
  • Coin Grade: VG
  • Denomination: Penny
  • Diameter: 23 mm
  • Mint Mark: Philadelphia, PA
  • Mintage Year(s): 1864 - 1873
  • Obverse: Shield w/ arrows and Motto
  • Reverse: Words "Two Cents".
  • Coin Grade: VG
  • Denomination: Nickle
  • Diameter: 17.9 mm
  • Mint Mark: Philadelphia, PA
  • Mintage Year(s): 1865 - 1889
  • Obverse: Liberty Head
  • Reverse: Roman Numeral III.
  • Overall Measurements: 6"W x 4"H.


  • Cents    Nickels    


    Coin Glossary:

    Die: An engraved piece of metal used to stamp a design on a coin.

    Die crack: A small, raised imperfection on a coin resulting from a crack in the stamping die.

    Early release: The Numismatic Guaranty Corporation (NGC) uses this designation for U.S. Bullion Coins during the first month of release from the U.S. Mint. To qualify for Early Release designation, NGC must receive the coins within 30 days of their release by the US Mint or properly documented as being received by an NGC approved entity within the same 30-day release period.

    Encapsulated coin: A coin graded and authenticated by a professional coin service, then sealed in plastic.

    Field: The typically flat area surrounding the relief and not used for legend or inscription.

    Legal tender: Official money issued by the government.

    Legend: The coin's primary lettering.

    Lettered edge: An inscription added to the edge of a coin.

    Luster: The quality of the surface brilliance on a Mint State or Uncirculated coin.

    Mercury dime: Issued from 1916 to 1945, this U.S. dime featured a representation of Liberty in a winged hat that was commonly mistaken for the ancient god, Mercury.

    Mint: A government controlled coin production facility.

    Mint mark: A small letter stamped on a coin that indicates its mint origin, ex. "D" for Denver.

    Mint Set: One coin from each of the available denominations in a particular year, produced by a single mint and made for circulation.

    Mint State (Uncirculated): A regular production coin never used in trade and existing in its original condition.

    Mintage: The number of coins produced.

    NGC: Numismatic Guaranty Corporation.

    Numismatics: The collection and study of monetary objects such as coins and paper bills.

    Obverse: Heads, or a coin's front side.

    Patina: Surface discoloration, typically green or brown, caused by oxidation over time.

    PCGS: Professional Coin Grading Service.

    Planchet: A blank metal piece used to produce a coin.

    Proof: Expertly polished planchets and dies produce these coins which feature an extremely high quality strike, resulting in unmatched detail and brilliant surface finish.

    Reeded edge: A coin edge finish featuring parallel vertical grooves all the way around.

    Relief: The raised portion of a stamped design that sits above the coin's field.

    Reverse: Tails, or coin's back side.

    Rim: The raised ring around the perimeter of a coin designed to reduce wear on the relief.

    Strike: The act of stamping a coin.

    Truncation: The bottom edge of a portrait or bust.

    Wheat penny: Lincoln cents issued from 1909 to 1958 bearing the wheat ear design on the reverse.


    Coin Glossary:

    Die: An engraved piece of metal used to stamp a design on a coin.

    Die crack: A small, raised imperfection on a coin resulting from a crack in the stamping die.

    Early release: The Numismatic Guaranty Corporation (NGC) uses this designation for U.S. Bullion Coins during the first month of release from the U.S. Mint. To qualify for Early Release designation, NGC must receive the coins within 30 days of their release by the US Mint or properly documented as being received by an NGC approved entity within the same 30-day release period.

    Encapsulated coin: A coin graded and authenticated by a professional coin service, then sealed in plastic.

    Field: The typically flat area surrounding the relief and not used for legend or inscription.

    Legal tender: Official money issued by the government.

    Legend: The coin's primary lettering.

    Lettered edge: An inscription added to the edge of a coin.

    Luster: The quality of the surface brilliance on a Mint State or Uncirculated coin.

    Mercury dime: Issued from 1916 to 1945, this U.S. dime featured a representation of Liberty in a winged hat that was commonly mistaken for the ancient god, Mercury.

    Mint: A government controlled coin production facility.

    Mint mark: A small letter stamped on a coin that indicates its mint origin, ex. "D" for Denver.

    Mint Set: One coin from each of the available denominations in a particular year, produced by a single mint and made for circulation.

    Mint State (Uncirculated): A regular production coin never used in trade and existing in its original condition.

    Mintage: The number of coins produced.

    NGC: Numismatic Guaranty Corporation.

    Numismatics: The collection and study of monetary objects such as coins and paper bills.

    Obverse: Heads, or a coin's front side.

    Patina: Surface discoloration, typically green or brown, caused by oxidation over time.

    PCGS: Professional Coin Grading Service.

    Planchet: A blank metal piece used to produce a coin.

    Proof: Expertly polished planchets and dies produce these coins which feature an extremely high quality strike, resulting in unmatched detail and brilliant surface finish.

    Reeded edge: A coin edge finish featuring parallel vertical grooves all the way around.

    Relief: The raised portion of a stamped design that sits above the coin's field.

    Reverse: Tails, or coin's back side.

    Rim: The raised ring around the perimeter of a coin designed to reduce wear on the relief.

    Strike: The act of stamping a coin.

    Truncation: The bottom edge of a portrait or bust.

    Wheat penny: Lincoln cents issued from 1909 to 1958 bearing the wheat ear design on the reverse.




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