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How well did the U.S. 2, 3 and 20 cent coins circulate?
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<p>[QUOTE="coinhead63, post: 1229779, member: 28001"]20 cent coins were disliked because of similar size and design (seated Liberty) to the quarter. Much like the SBA dollar being similar in size to the quarter. Both coins failed because people were loosing money in many transactions. The quarter came before the 20 cent piece and was a logical denomination due to the Spanish Reale. The quarter was nicknamed "two bits" because it had the same buying power as 1/4 Reale (8 bits per Reale divided into quarters equals two bits). The 20 cent was just another screw up by government forcing the mint to make something the public didn't want and/or need (sound familiar?). Two cent pieces were produced due to hoarding of coins during the civil war and were discontinued once hoarding was over. Three cent pieces were indeed issued for the convenience of paying postage along with the $3 gold piece as stamps came in sheets (panes) of 100. Silver 3 cent pieces (trimes) were hoarded during this time and the nickel 3 cent was introduced with a partial overlap of minting years. Trimes were hoarded for their intrinsic value yet were disliked becuase they were easily lost due to their small size. As for the half cent when first issued, they were used for change when dealing with the spanish reale and it's fractions. As far as being used for postage, the post office didn't issue stamps until 1847 and they were 5 and 10 cent denominations. The half cent was minted from 1793 to 1857 and the half cent stamp didn't make it's debut until almost 50 years after the half cent coin was no longer minted. This stamp was issued to cover the cost of additional ounces for mail classifications that most people have never heard of such as 4th class mail. The term "Postcard" wasn't really used at the time that half cent pieces were in circulation. If you mailed what we now refer to a postcard it would cost at least 5 cents to mail it back in the 1840's. Prior to 1847 the recipient of mail usually was the one who had to pay for postage.[/QUOTE]</p><p><br /></p>
[QUOTE="coinhead63, post: 1229779, member: 28001"]20 cent coins were disliked because of similar size and design (seated Liberty) to the quarter. Much like the SBA dollar being similar in size to the quarter. Both coins failed because people were loosing money in many transactions. The quarter came before the 20 cent piece and was a logical denomination due to the Spanish Reale. The quarter was nicknamed "two bits" because it had the same buying power as 1/4 Reale (8 bits per Reale divided into quarters equals two bits). The 20 cent was just another screw up by government forcing the mint to make something the public didn't want and/or need (sound familiar?). Two cent pieces were produced due to hoarding of coins during the civil war and were discontinued once hoarding was over. Three cent pieces were indeed issued for the convenience of paying postage along with the $3 gold piece as stamps came in sheets (panes) of 100. Silver 3 cent pieces (trimes) were hoarded during this time and the nickel 3 cent was introduced with a partial overlap of minting years. Trimes were hoarded for their intrinsic value yet were disliked becuase they were easily lost due to their small size. As for the half cent when first issued, they were used for change when dealing with the spanish reale and it's fractions. As far as being used for postage, the post office didn't issue stamps until 1847 and they were 5 and 10 cent denominations. The half cent was minted from 1793 to 1857 and the half cent stamp didn't make it's debut until almost 50 years after the half cent coin was no longer minted. This stamp was issued to cover the cost of additional ounces for mail classifications that most people have never heard of such as 4th class mail. The term "Postcard" wasn't really used at the time that half cent pieces were in circulation. If you mailed what we now refer to a postcard it would cost at least 5 cents to mail it back in the 1840's. Prior to 1847 the recipient of mail usually was the one who had to pay for postage.[/QUOTE]
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How well did the U.S. 2, 3 and 20 cent coins circulate?
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