Ultimate 1-2-3 Cent Collection

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Ultimate 1-2-3 Cent Collection

Price: $ 179.95 $ 149.95 SKU: FM1026

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Description

This is collection of early America's unique coins - the Large Cent, Two Cent and Three Cent coins. America’s first Penny coin was about the size of a Half Dollar! Known as the Large Penny, it was made with copper, and it was one of the first coins ever struck by the new United States Mint in 1793. The obverse of the coin features a portrait of Liberty surrounded by 13 stars (representing the original 13 states), while the reverse shows the denomination within a wreath. The coin is so large because it actually contained one penny’s worth of copper. Like the silver and gold coins of this era, its intrinsic metal value was equal to its face value. As a result, people trusted this coin because it was always worth its face value.
By the 1850’s, small denomination coins like this were becoming scarce because people were hoarding them due to economic uncertainty and the fear of civil war. Just a few years after the last Large Penny was issued, the Civil War started.  The last Large Penny was made in 1857; it was replaced by the small experimental Flying Eagle Penny and Indian Head Penny. The reasons for the demise of the Large Penny include the fact that people complained about its weight as they carried pockets full of these coins. In addition, copper prices were rising so much that it became profitable to melt the coins because eventually each one contained more than one penny’s worth of copper. It has been over 150 years since the last Large Penny was made. The total mintage of all Large Pennies in the 64 years from 1793 to 1857 is about equal to the number of modern Lincoln Pennies struck every six days! 

Starved for coinage of any kind, Americans readily embraced the two-cent piece when it made its first appearance in 1864. Struck for only 10 years (1864 - 1873), the two-cent piece was the coin that introduced the motto IN GOD WE TRUST.

The first 3¢ coin was made in 1851; it was first created to make it easier to buy a single 3¢ postage stamp (the cost of mailing a letter). As a result, the 3¢ piece is known as the “Postage Stamp” coin. Due to a shortage of silver at the end of the Civil War in 1865, the U.S. Mint started making the 3¢ coin in a copper-nickel alloy. The coin became known as a “Nickel,” although that name was later used for the 5¢ coin. When the letter rate dropped to 2¢ in 1883, this coin was no longer needed, and the last 3¢ coin was struck in 1889. All coins were struck at the U.S. Mint in Philadelphia.  This is the first and only 3¢ coin struck in nickel.  The front of the 3¢ nickel coin shows a portrait of Lady Liberty; the back has the Roman numeral III (“3”) surrounded by a wreath.  The coin was designed by James B. Longacre, the U.S. Mint’s chief engraver from 1844-1879. Longacre also designed the Indian Head Penny.

All coins are over 120 years old and have been out of circulation since Benjamin Harrison was President and the Statue of Liberty was still a novelty after its dedication in 1886.   All coins of the 19th century are getting rarer and more desirable every day, and this is one of the most fascinating and desirable coins from this era. Very few have survived for today’s collectors, and these coins are prized by collectors everywhere. And just a tiny fraction of the original coins have survived for today’s collectors. The coins in this collection are carefully hand-selected for exceptional collector quality and are displayed in a custom presentation box with a Certificate of Authenticity.