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Flying Eagle Cent was not legal tender?
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<p>[QUOTE="bradgator2, post: 4296280, member: 110679"]I came across the sentence on the PCGS coinfacts writeup for the Flying Cent:</p><p><br /></p><p>"Like the Large Cent, the Small Cent was not legal tender, so it should have come as no surprise that it, too, would be rejected by bankers and merchants."</p><p><br /></p><p><a href="https://www.pcgs.com/coinfacts/category/flying-eagle-cent-1856-1858/664" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/coinfacts/category/flying-eagle-cent-1856-1858/664" rel="nofollow">https://www.pcgs.com/coinfacts/category/flying-eagle-cent-1856-1858/664</a></p><p><br /></p><p>On the wiki page, it says something similar:</p><p>"The new cent was issued in exchange for the worn <a href="https://en.wikipedia.org/wiki/Spanish_colonial_real" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Spanish_colonial_real" rel="nofollow">Spanish colonial silver coin</a> that had circulated in the U.S. until then, as well as for its larger predecessor. So many cents were issued that they choked commercial channels, especially as they were not <a href="https://en.wikipedia.org/wiki/Legal_tender" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Legal_tender" rel="nofollow">legal tender</a> and no one had to take them."</p><p><br /></p><p>What's the story? </p><p><br /></p><p>I think this is first time I have heard it. Or at least the first time it has made me stop to think about it.[/QUOTE]</p><p><br /></p>
[QUOTE="bradgator2, post: 4296280, member: 110679"]I came across the sentence on the PCGS coinfacts writeup for the Flying Cent: "Like the Large Cent, the Small Cent was not legal tender, so it should have come as no surprise that it, too, would be rejected by bankers and merchants." [URL]https://www.pcgs.com/coinfacts/category/flying-eagle-cent-1856-1858/664[/URL] On the wiki page, it says something similar: "The new cent was issued in exchange for the worn [URL='https://en.wikipedia.org/wiki/Spanish_colonial_real']Spanish colonial silver coin[/URL] that had circulated in the U.S. until then, as well as for its larger predecessor. So many cents were issued that they choked commercial channels, especially as they were not [URL='https://en.wikipedia.org/wiki/Legal_tender']legal tender[/URL] and no one had to take them." What's the story? I think this is first time I have heard it. Or at least the first time it has made me stop to think about it.[/QUOTE]
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Flying Eagle Cent was not legal tender?
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