Monday, March 3, 2008

Plenty of 1896 Cents

While politicians debated the merits of the "free and unlimited" coinage of silver in 1896, a presidential election year, the lowly bronze cent kept right on going. No one could argue its importance. Cent mintages were high and so was demand, resulting in today's modest price tags for 1896 cents in all grades from Good-4 to Mint State-60.

The Philadelphia Mint was a busy place in 1896. Production of low-denomination coins, including the cent, were on the rise. The March 5, 1896, issue of the Ohio Democrat said the cent was in "great demand." "Three presses are now at work on copper coinage," the newspaper reported, "turning out [many thousands] of cents a day. This rate has before been equaled or exceeded, but it is worthy of remark now in view of the previous great output of the copper coins within the past dozen years."...

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