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The Silver center cent is an American
pattern coin A pattern coin is a coin which has not been approved for release, but produced to evaluate a proposed coin design. They are often off-metal strike (using metals of lower value to test out the dies), to proof standard or piedforts. Many coin col ...
produced by the
United States Mint The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; tha ...
in 1792. As a precursor to the
large cent The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 1 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, whe ...
it was one of the first coins of the United States and an early example of a
bimetallic coin Bi-metallic coins are coins consisting of two (''bi-'') metals or alloys, generally arranged with an outer ring around a contrasting center. Common circulating examples include the €1, €2, United Kingdom £1 and £2, Canadian $2, South ...
. Only 12 original examples are known to exist, of which one is located in the
National Numismatic Collection The National Numismatic Collection is the national coin cabinet of the United States. The collection is part of the Smithsonian Institution's National Museum of American History. Overview The National Numismatic Collection comprises approxima ...
at the
Smithsonian Institution The Smithsonian Institution ( ), or simply the Smithsonian, is a group of museums and education and research centers, the largest such complex in the world, created by the U.S. government "for the increase and diffusion of knowledge". Found ...
. Two more specimens (Morris and California) exist but contain fabricated plugs added after minting. Due to their rarity and historical significance ''Silver center cents'' are highly prized by collectors with one graded PCGS MS61 being sold in an online auction in April 2012 for .


Origins

During the early years of the American republic, there was a general consensus that the intrinsic
bullion Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...
value of the new nation's coinage should be approximately equal to its
face value The face value, sometimes called nominal value, is the value of a coin, bond, stamp or paper money as printed on the coin, stamp or bill itself by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. Howe ...
. Some merchants would refuse to accept coins that did not meet this standard. For most denominations, bullion parity was achieved by producing the coins in a
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...
or
silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...
alloy. However, the Coinage Act of 1792 specified that the cent was to consist of 11 pennyweight (264 grains or 17.1 g) of pure copper. Such a weight, needed to maintain intrinsic value, would have been too heavy for practical everyday use.
U.S. Secretary of State The United States secretary of state is a member of the executive branch of the federal government of the United States and the head of the U.S. Department of State. The office holder is one of the highest ranking members of the president's Ca ...
Thomas Jefferson Thomas Jefferson (April 13, 1743 – July 4, 1826) was an American statesman, diplomat, lawyer, architect, philosopher, and Founding Fathers of the United States, Founding Father who served as the third president of the United States from 18 ...
suggested an alternative: a coin made of an alloy that was primarily copper, but that included enough silver to give a reasonably-sized coin an intrinsic value of one cent. This billon alloy was considered by the
U.S. Mint The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; tha ...
, Th
J2/P2 pattern
has the same design as the silver center cent, but consists of a solid planchet with no silver plug. At least one specimen is made of a billon alloy — se

but
U.S. Treasury Secretary The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...
Alexander Hamilton Alexander Hamilton (January 11, 1755 or 1757July 12, 1804) was an American military officer, statesman, and Founding Father who served as the first United States secretary of the treasury from 1789 to 1795. Born out of wedlock in Charle ...
feared that it would be too susceptible to counterfeiting, since its appearance differed little from that of pure copper. In 1792, the Mint's chief coiner, Henry Voigt, hit upon a solution: a copper
planchet A planchet is a round metal disk that is ready to be struck as a coin. An older word for planchet is flan. They are also referred to as blanks. History The preparation of the flan or planchet has varied over the years. In ancient times, the f ...
, slightly smaller than that of a modern quarter, The silver center cent has a diameter of roughly 23mm, according t
CoinFacts.com
Th
U.S. Mint's specifications page on modern coinage
lists the quarter's diameter at 24.26mm.
with a small silver "plug" inserted in a center hole during the striking process. The silver plug would have been worth approximately ¢ at contemporary bullion prices, while the copper planchet added an additional ¢ of intrinsic value. Several such coins were produced as test pieces. Ultimately, the additional labor required for these bimetallic coins proved unsuitable for mass production, and the large cent that was produced for circulation starting in 1793 consisted of 208 grains of 100% copper.


Design

The
obverse Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ...
of the ''silver center cent'' features a right-hand facing
Liberty Liberty is the ability to do as one pleases, or a right or immunity enjoyed by prescription or by grant (i.e. privilege). It is a synonym for the word freedom. In modern politics, liberty is understood as the state of being free within society fr ...
head with flowing unbound hair. The date appears below the portrait, and the words "LIBERTY PARENT OF SCIENCE & INDUST." are inscribed in a circular pattern around the central devices. The reverse design consists of a
wreath A wreath () is an assortment of flowers, leaves, fruits, twigs, or various materials that is constructed to form a circle . In English-speaking countries, wreaths are used typically as household ornaments, most commonly as an Advent and Chri ...
with the words "ONE CENT" in the center, and the fraction "1/100" below. Surrounding the wreath, "UNITED STATES OF AMERICA" is inscribed.


Specimens


References

{{Portal bar, Money, Numismatics, United States Bi-metallic coins One-cent coins of the United States Goddess of Liberty on coins