Silver Center Cent
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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 co ...
produced by the
United States Mint The United States Mint is a bureau of the United States Department of the Treasury, 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 bull ...
in 1792. As a precursor to the
large cent The United States large cent was a coin with a face value of 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, when it ...
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 approxi ...
at the
Smithsonian Institution The Smithsonian Institution ( ), or simply the Smithsonian, is a group of museums, Education center, education and Research institute, research centers, created by the Federal government of the United States, U.S. government "for the increase a ...
. 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 from ...
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. Ho ...
. 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; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...
or
silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...
alloy. However, the
Coinage Act of 1792 The Coinage Act of 1792 (also known as the Mint Act; officially: ''An act establishing a mint, and regulating the Coins of the United States''), passed by the United States Congress on April 2, 1792, created the United States dollar as the count ...
specified that the cent was to consist of 11
pennyweight A pennyweight (dwt) is a unit of mass equal to 24 grains, of a troy ounce, of a troy pound, avoirdupois ounce and exactly 1.55517384 grams. It is abbreviated dwt, ''d'' standing for ''denarius'' (an ancient Roman coin), and later ...
(264
grains A grain is a small, hard, dry fruit ( caryopsis) – with or without an attached hull layer – harvested for human or animal consumption. A grain crop is a grain-producing plant. The two main types of commercial grain crops are cereals and le ...
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 (SecState) 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 secretary of state serves as the principal advisor to the p ...
Thomas Jefferson Thomas Jefferson (, 1743July 4, 1826) was an American Founding Fathers of the United States, Founding Father and the third president of the United States from 1801 to 1809. He was the primary author of the United States Declaration of Indepe ...
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. The U.S. Mint is one of two U.S. age ...
, 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
Alexander Hamilton Alexander Hamilton (January 11, 1755 or 1757July 12, 1804) was an American military officer, statesman, and Founding Fathers of the United States, Founding Father who served as the first U.S. secretary of the treasury from 1789 to 1795 dur ...
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 Henry Voigt or Henry Voight (1738–1814) was a clockmaker, mathematical instrument maker, machine and steam engine builder, and Chief Coiner of the first United States Mint. He operated a wire mill in Reading Pennsylvania and repaired clocks and ...
, 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 ...
, 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 The obverse and reverse are 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, ''obverse'' ...
of the ''silver center cent'' features a right-hand facing
Liberty Liberty is the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views. The concept of liberty can vary depending on perspective and context. In the Constitutional ...
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 ring shape. In English-speaking countries, wreaths are used typically as household ornaments, most commonly as an Advent and C ...
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 Pattern coins of the United States