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A two-cent piece had been proposed in 1806 by Connecticut Senator Uriah Tracy, along with a twenty-cent piece or "double dime". Reflecting the then-prevalent view that coins should contain their value in metal, Tracy's bill provided that the two-cent piece be made of billon, or debased silver.
In 1864, Congress began the process of restoring coins to circulation by abolishing the three-cent note and authorizing bronze cents and two-cent pieces, with low intrinsic values, to be struck. [4] These new coins initially proved popular, though the two-cent piece soon faded from circulation.
The Coinage Act of 1864 was a United States federal law passed on April 22, 1864, which changed the composition of the one-cent coin and authorized the minting of the two-cent coin. The Director of the U.S. Mint developed the designs for these coins for final approval of the Secretary of the Treasury .
Proof 1864 (P) 13,740,000 (P) 370 Proof Bronze Indian cent. ... Cent (United States coin) Wheat cent; 1943 steel cent; 1955 doubled die cent; 1974 aluminum cent;
(The Lincoln cent series is full of other examples, including modifications to the size of Lincoln's bust during the early 1970s). Consequently, each collector will need to decide for themselves how specific they wish to be when putting together a U.S. coin type set, though the decision is often made for them if they choose specific albums ...
In 1864, Congress began the process of restoring coins to circulation by abolishing the three-cent note and authorizing bronze cents and two-cent pieces, with low intrinsic values, to be struck. [14] These new coins initially proved popular, though the two-cent piece soon faded from circulation.