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 Replies: 49 / Views: 4,547 |
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Pillar of the Community
United States
3234 Posts |
In research for a new Coin World article I'm working on, I uncovered a plethora of interesting little tidbits that should interest many different segments of our little coin collecting community. I have a feeling only the most die-hard of 2¢ lovers will be able to answer this one (without going to the books!): How much was the 2-cent piece legal tender when it was enacted? It changed legal tender status two other times, when did it change again, to what value, and why? Good luck! |
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Pillar of the Community
United States
1388 Posts |
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Pillar of the Community
 United States
3234 Posts |
I would think "nohope" will chime in soon enough!
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Pillar of the Community
United States
672 Posts |
 ... now you got me interested... |
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Pillar of the Community
United States
592 Posts |
Yep........Topic Subscription.
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Bedrock of the Community
United States
14454 Posts |
nohope is out of the country for a couple months so he will not be able to answer but I am sure he probbaly knows the answer
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Pillar of the Community
United States
3234 Posts |
I'll throw out some hints, but they're maybe a little on the not-too-much-help side. I want to keep the thread alive at least for a few days, then I'll throw out the answers.
As far as legal tender goes; based on earliest to latest dates: X > Y < Z (where Y is the lowest legal tender value).
X corresponds with the enactment of the 2-cent piece
Y corresponds with the date of the enactment of another coin
Z corresponds to a date waaaaay later
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Pillar of the Community
United States
592 Posts |
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Bedrock of the Community
United States
14454 Posts |
I don't understand this Quote:
How much was the 2-cent piece legal tender when it was enacted? Are you asking how much it was worth or "how much" what? |
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Pillar of the Community
United States
3234 Posts |
The question of how much was a coin legal tender refers to how much of that coin can you use in a single transaction to pay off public debt and a merchant was basically required to accept. So if a 2-cent piece was legal tender up to $2, that would mean you could use 100 of them for a single transaction.
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Pillar of the Community
United States
1801 Posts |
In 1864 2 cent piece had legal tender status up to 20 cents (10 coins in a single transaction)
In 1865 changed to legal tender status up to 4 cents (2 coins in a single transaction)
In 1873 the legal tender status is revoked
I think these are correct
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Pillar of the Community
United States
3234 Posts |
jfransch...you're two for three. I'll let you or others figure out which one is incorrect(for now). However, I do need to look into what you stated in one of your "facts"...you have me curious...maybe I missed something.
Edited by Prethen
02/28/2011 10:56 pm
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Pillar of the Community
United States
1388 Posts |
Sorry, I'm not trying to interrupt the thread but...What I would like to know is what issue of Coin World will your article appear in, because if this is just your research I'm sure the article will be stellar  |
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Pillar of the Community
United States
3234 Posts |
At this point, the article is being aimed for a June issue and it's regarding the Three Cent denomination. Edited by Prethen
03/01/2011 09:29 am
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Pillar of the Community
United States
1801 Posts |
Prethen, PM me on which is incorrect and which one you are curious abot. I will look them up in the Library of Congress, my favorite place to spend the evening.
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Moderator
 United States
188213 Posts |
Quote:
nohope is out of the country for a couple months so he will not be able to answer but I am sure he probbaly knows the answer He would have answered it before Prethen finished typing and posting this topic. He is that good. |
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Replies: 49 / Views: 4,547 |
Posted 02/28/2011 3:56 pm
