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Numismatist Paul Green ascribed the two varieties to the two types of proof sets that the Mint sold at the time that would have contained the two-cent piece. The "nickel set" contained only the low-value coins without precious metal, while another contained also the silver coins; he suggested that one variety was struck for each. [49]
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 Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof. Use of the half-dollar is not as widespread as that of ...
The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War. Civil War tokens became illegal after the United States Congress passed a law on April 22, 1864, prohibiting the issue of any one or two-cent coins, tokens or devices for use as currency. On June 8, 1864, an additional law was passed ...
The 2009 proof set contained the highest number of coins and the highest combined face value ($7.19) of any proof set as of 2019, containing the four Lincoln Bicentennial cents (with a special composition of 95% copper), all six District of Columbia and United States Territories quarters, five dollar coins, and the standard nickel, dime, and ...
Seven distinct types of coin composition have been used over the past 200 years: three base coin alloys, two silver alloys, gold, and in recent years, platinum and palladium. The base metal coins were generally alloys of copper (for 2 cent coins and lower), and copper/nickel (for 3 and 5 cent coins). Copper/nickel composition is also used for ...
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