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1863 Civil War Token - Uncut Partial Collar Strike!
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<p>[QUOTE="Collector1966, post: 562138, member: 17919"]It is my understanding that the government finally realized that the 1-cent coins weren't circulating because they contained nickel (at the urging of an influential nickel mine owner in Pennsylvania named Wharton). Once the government realized that small-denomination copper subsidiary coins would circulate, the nickel was removed from the cent, and the copper 2-cent piece was introduced. From what I gather from articles in Coinage and other numismatic publications, after the 1864 Act the owners of base-metal tokens were essentially left playing a game of "hot potato".</p><p><br /></p><p>It's also interesting to note that Mr. Wharton, seeing the writing on the wall about the copper-nickel cent alloy, pushed for nickel to be used in the 3-cent piece instead-- accounting for the introduction of the nickel 3-cent piece in 1865 (and the introduction of the nickel 5-cent piece in 1866).[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 562138, member: 17919"]It is my understanding that the government finally realized that the 1-cent coins weren't circulating because they contained nickel (at the urging of an influential nickel mine owner in Pennsylvania named Wharton). Once the government realized that small-denomination copper subsidiary coins would circulate, the nickel was removed from the cent, and the copper 2-cent piece was introduced. From what I gather from articles in Coinage and other numismatic publications, after the 1864 Act the owners of base-metal tokens were essentially left playing a game of "hot potato". It's also interesting to note that Mr. Wharton, seeing the writing on the wall about the copper-nickel cent alloy, pushed for nickel to be used in the 3-cent piece instead-- accounting for the introduction of the nickel 3-cent piece in 1865 (and the introduction of the nickel 5-cent piece in 1866).[/QUOTE]
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1863 Civil War Token - Uncut Partial Collar Strike!
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