TIL About The Silver Center Cent
Over the years I have posted various money oddities that I have encountered here and there and today's post is about one of them.
Meet the Silver Center Cent:
(public domain)
Looks like a coin with a butt plug if you ask me ð
It was produced in 1792 but it only remained a pattern coin, meaning it wasn't approved for release but produced to evaluate the design.
The design was proposed in a time when the general consensus was that the intrinsic value of coins should be approximately equal to the face value. Woah imagine that... It almost makes cense sense ðĪŠð
But silver being expensive and everything would mean the coin would have to be super small to be practical. An alternative option would be copper, but that would mean a weight of 17.1 g which was deemed to heavy for regular every day use.
And here comes the solution proposed by the silver center cent. A regular copper coin with just enough silver in the middle to give it value.
If the design came to pass the silver would comprise 3â4 of the cent and the copper the rest.
The idea was cool but didn't came to pass due to production reasons.
Today only 12 original examples are known to exist. There are also two specimens known but they have fake plugs.
Naturally, due to being old, rare and odd these coins are super expensive. For example, one graded PCGS MS61 was sold in an online auction for $1.15 million in 2012. Holy molly ððĪ
And this is the quick run down of the silver center cent. Here's a link to Wikipedia if you'd like to read more on it!
If hive hits 100$ I am getting one. And that's a promise ðððĪŠ
Fun Numismatics Posts
Enjoyed the post? Here is some more fun silver/numismatics themed content I have written in the past that you may enjoy:
- The country that uses plastic coins!
- My silver pocket piece
- My favorite piece from the stack
- The 10 Million Dollar Coin
- The Ten Thousand Dollar Bill ?!?!
- Biggest Gold Coin Ever
- A coin made of cardboard
- World's smallest gold coin
- World's First Flying Coin
- Manchukuo's Fiber Coins from 1945
Posted Using INLEO
is that a really ugly woman or a man on a face?
LMAO
!PIMP
Hive to $100 or GIFU to $1. That's the dream I hope to achieve ð
!BBH
!pimp
Both sir!
ð
That's incredible! And $100 Hive is coming. And Hell's coming with it!
ðĪðĪðĪðĪð ðððð
Thatâs pretty cool. Iâve never read or heard about that one before. Thanks for the links Iâll check them out now.ððŧ
!pimp
!pimp
nice coin! i just collect(will collect that is) coins/bars based on melt down value.. ððĪð
Same lol ðð
i collect coins since 20 years. thx for the information.
ðĨ°
You are welcome!
It's a pretty cool coin, I wish I had one. It may not be pretty but it's worth a fortune!
!PIMP
Pleb! ð
!pimp
Cool idea and probably this is the first such coin in the world. And they put this silver in the Indian's earring so nicely.
!duo
You just got DUO from @trumpman.
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That is an expensive coin. I guess it just shows how rare those coins are and how much the collectors want them.
We the People were "Bamboozled" before, during and after the Coinage Act of 1792... It's all going to be corrected... At least, that's what I've been writing about for more than seven years...
We will see ð
!pimp
It's easier to see what happened in the past... I can't wait for the Reset... President Trump has been passing out clues about Fixing things...
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over a million dollars, that's crazyyyyy
Welp, let's hope for HIVE to hit $100 soon, so you can fulfill your promise ð
Soon, lol
This coin is really amazing. I love it
Yeah, silver coins for daily use would be tiny (coin fragments from Lisbon here). Still more practical than gold dust though.
What's that?
These are cut-up coins from the Muslim period, found and exhibited at Lisbon Castle (Castelo de SÃĢo Jorge).
This is why we need U.S. Common Coinage, Paper Coinage and Crypto Coinage... Our New and Improved "Circulating" Silver and Gold Coins will have huge amounts of Spending Power...
!pimp
!pimp
As old as the coins are, their designs are now beautiful and strong and people like to buy them because of that.
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nice coin. like it.
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The Buildawhale farm scam has been a topic of concern for us, and we've exposed it. However, despite our attempts to bring attention to this issue, it seems that no concrete actions have been taken to address it. This lack of response is puzzling
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