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<p>[QUOTE="medoraman, post: 1474132, member: 26302"]The reason was its natural to hoard PM in times of crisis, (look at the prices in the last few years), but once all of the silver and gold was hoarded, people started hoarding cents too. Remember that the small cent at this time was part nickel, so it wasn't just hoarding copper. It was in response to such hoarding that the US took the nickel out of the small cent, since they could see people used plain copper tokens for transactions, so the mint figured they might as well do the same and save some money.</p><p><br /></p><p>So, in effect, this little civil war token forever changed the US cent.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1474132, member: 26302"]The reason was its natural to hoard PM in times of crisis, (look at the prices in the last few years), but once all of the silver and gold was hoarded, people started hoarding cents too. Remember that the small cent at this time was part nickel, so it wasn't just hoarding copper. It was in response to such hoarding that the US took the nickel out of the small cent, since they could see people used plain copper tokens for transactions, so the mint figured they might as well do the same and save some money. So, in effect, this little civil war token forever changed the US cent.[/QUOTE]
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