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<p>[QUOTE=&quot;Conder101, post: 1824272, member: 66&quot;]As I mentioned during the war and up until the early 1870&#039;s precious metal coins did not circulate in this country.&nbsp; They were either hoarded or exported.&nbsp; This left the country with practically no circulating money smaller than a five dollar note. (close to the purchasing power of $100 today)&nbsp; Into that void the mint poured the coppernickel cent then new bronze cent, two cent, then eventually the nickel three cent and five cent pieces.&nbsp; These new coins were convenient in size and have metal values well below their face value so they circulated and were not hoarded.&nbsp; The silver coins were still struck in small quantities because they were still authorized and people did order proofs.&nbsp; Business strikes were also struck to try and keep the coins from being rarities, but for the most part were not released until later.[/QUOTE]</p><p><br /></p>

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