Crossposted at Dailykos.com (Sneak preview for Politicook members, one of the advantages of being on this site). The United States is a recent entry in bullion coin production. England started producing bullion coins in 1489! The US started in 1986 with the Silver and Gold Eagles, with nominal face values of $1 up to $50. [...]
Continue reading about A Primer on US Coins #5: Bullion Coins
Crossposted at Dailykos.com Last time, we got to 1933 and the calling in of all gold coins, certificates, and bullion. Things have changed a bunch since then. Copper and silver continued to be minted. Except for the disruption of World War II, copper has been in cents since the beginning of the Nation. Let us [...]
Continue reading about A Primer on US Coins, Part 4: Modern Coins
Crossposted at Politicook.net As a bit of a change from science, tonight we shall discuss the smallest denomination of American coinage, the cent. Often called a “penny”, the cent was first minted 1793. By the way, a “penny” is British, and no coin officially called a penny has ever been minted by the United States. [...]