TIL About The Silver Center Cent
Over the years I have posted various money oddities that I have encountered here and there and today's post is about one of them.
Meet the Silver Center Cent:
(public domain)
Looks like a coin with a butt plug if you ask me 🙃
It was produced in 1792 but it only remained a pattern coin, meaning it wasn't approved for release but produced to evaluate the design.
The design was proposed in a time when the general consensus was that the intrinsic value of coins should be approximately equal to the face value. Woah imagine that... It almost makes cense sense 🤪🙃
But silver being expensive and everything would mean the coin would have to be super small to be practical. An alternative option would be copper, but that would mean a weight of 17.1 g which was deemed to heavy for regular every day use.
And here comes the solution proposed by the silver center cent. A regular copper coin with just enough silver in the middle to give it value.
If the design came to pass the silver would comprise 3⁄4 of the cent and the copper the rest.
The idea was cool but didn't came to pass due to production reasons.
Today only 12 original examples are known to exist. There are also two specimens known but they have fake plugs.
Naturally, due to being old, rare and odd these coins are super expensive. For example, one graded PCGS MS61 was sold in an online auction for $1.15 million in 2012. Holy molly 😂🤑
And this is the quick run down of the silver center cent. Here's a link to Wikipedia if you'd like to read more on it!
If hive hits 100$ I am getting one. And that's a promise 😄🙃🤪
Fun Numismatics Posts
Enjoyed the post? Here is some more fun silver/numismatics themed content I have written in the past that you may enjoy:
- The country that uses plastic coins!
- My silver pocket piece
- My favorite piece from the stack
- The 10 Million Dollar Coin
- The Ten Thousand Dollar Bill ?!?!
- Biggest Gold Coin Ever
- A coin made of cardboard
- World's smallest gold coin
- World's First Flying Coin
- Manchukuo's Fiber Coins from 1945
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This coin is really amazing. I love it
You received an upvote of 81% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
Cool idea and probably this is the first such coin in the world. And they put this silver in the Indian's earring so nicely.
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over a million dollars, that's crazyyyyy
Welp, let's hope for HIVE to hit $100 soon, so you can fulfill your promise 😅
Soon, lol
is that a really ugly woman or a man on a face?
LMAO
!PIMP
nice coin! i just collect(will collect that is) coins/bars based on melt down value.. 😎🤙👌
Same lol 🙃😂
Hive to $100 or GIFU to $1. That's the dream I hope to achieve 😀
!BBH
!pimp
Both sir!
🎉
It's a pretty cool coin, I wish I had one. It may not be pretty but it's worth a fortune!
!PIMP
Pleb! 😂
!pimp
That’s pretty cool. I’ve never read or heard about that one before. Thanks for the links I’ll check them out now.👍🏻
!pimp
!pimp
nice coin. like it.
That is an expensive coin. I guess it just shows how rare those coins are and how much the collectors want them.
!pimp
!pimp
We the People were "Bamboozled" before, during and after the Coinage Act of 1792... It's all going to be corrected... At least, that's what I've been writing about for more than seven years...
We will see 😄
!pimp
It's easier to see what happened in the past... I can't wait for the Reset... President Trump has been passing out clues about Fixing things...
It's good that you're already making post, I'll also make one but not today, I earn more with a comment and it takes me less time, there are posts in which I laugh, literally alone, nobody says anything hahaha, I have many followers hahaha
I think everyone's already an "Expert" on my "Version" of the coming U.S. Monetary Correction...lol... I've been drumming it into their heads for years... It's rare that I ever get a question about anything...
Trump showed his colors with $trump and $melania shitcoinery. It's all downhill imo for the USA and hence the world
They were just a distraction, just like Bitcoin was a distraction... U.S. Crypto Coinage is what will make the United States the Crypto Capital of the World, since it will be "Stable" and "100%" backed by U.S. Gold Coinage...
It was good ol grifting by the president himself 😅😂
I suppose there's an order, in the way things need to get done... The Central Bank Owners still have Agents with a lot of power...
As old as the coins are, their designs are now beautiful and strong and people like to buy them because of that.
Yeah, silver coins for daily use would be tiny (coin fragments from Lisbon here). Still more practical than gold dust though.
What's that?
This is why we need U.S. Common Coinage, Paper Coinage and Crypto Coinage... Our New and Improved "Circulating" Silver and Gold Coins will have huge amounts of Spending Power...
That's incredible! And $100 Hive is coming. And Hell's coming with it!
🤞🤞🤞🤞😅😁😂😂😂
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The Hive community has been plagued by a rise in spam accounts sharing stolen content. Many of these accounts appear to be linked to a single super farm that we've exposed @memesandstuff superfarm and we believe a prominent whale may be behind it
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The Buildawhale farm scam has been a topic of concern for us, and we've exposed it. However, despite our attempts to bring attention to this issue, it seems that no concrete actions have been taken to address it. This lack of response is puzzling
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i collect coins since 20 years. thx for the information.
🥰
You are welcome!