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<p>[QUOTE=&quot;Midas, post: 130862, member: 2761&quot;]I would assume that based on distribution of newly minted coins that it would be logical that <u>most</u> 1877 cents found their way into circulation in 1878.&nbsp; Keep in mind that the mint starts making the current year&#039;s coin in the latter part of the prior year.&nbsp; </p><p><br /></p><p>It&#039;s not like they had trucks back then so they could <u>easily</u> go from Federal Reserve bank to Federal Reserve Bank...then onward to meet commerical bank demands.&nbsp; So I imagine the 1877 cent didn&#039;t really show up in circualtion until the last half of 1877 and more so in 1878.</p><p><br /></p><p>So...where were the Federal Reserve banks of 1878?&nbsp; What commerical banks were closest?&nbsp; What areas of the country generated the most commerce where a &quot;penny&quot; would be used, say outside in a farmer&#039;s market instead of on the streets of NYC?</p><p><br /></p><p>I guess this is what Mel Fisher was thinking before he started to look for the Atocha.[/QUOTE]</p><p><br /></p>

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