History of U.S Coinage
The official currency of the U.S. is the American dollar as outlined in the Mint Act of 1792. For most practical purposes, the U.S. dollar is divided into 100 smaller cent units, over multiple denominations from the penny to the dollar. The Mint Coinage Act of 1792 authorized production of ten different coin denominations.
Gold coins included:
- The Eagle with a face value of $10
- The Half Eagle at $5
- the Quarter Eagle at $2.50.
Silver denominations included:
- the $1 Dollar
- .50₵ Half Dollar
- .25₵ Quarter
- .10₵ Dime (called a dismes at the time)
- .5₵ Half Dime (which later became the Nickel).
At the lower end of the U.S. coin scale was copper coinage, which included:
- The .01₵ Cent (known as the Penny today)
- The .005₵ Half Cent (which ended in 1857).
Modern U.S Coinage
Today, the U.S. Mint strikes a wide variety of coinage in Copper, Nickel, Silver, Gold, Platinum, and Palladium. Some coins are minted for general circulation, while other special coins are minted just for collectors. Popular U.S. coins include the Gold American Eagle, American Buffalo, American Silver Eagle, Proof Sets and Commemorative Coins. The U.S. Mint is the sole manufacturer of legal tender coins within the United States and continues to make coins. The Mint is responsible for producing coins utilized in circulation for the nation’s trade and commerce. The Mint also produces coin-related products that include proof, uncirculated, and commemorative coins, i.e. Congressional Gold Medals and silver and gold bullion coins.
Circulating US Coin Collectibles
Circulating coins are the coins that the United States Mint produces for everyday transactions and are the types of coins you will see in your pocket change, like Lincoln cents, Roosevelt dimes, and America the Beautiful quarters. Collector’s versions of circulating coinage are included aspart of the United States Mint’s annual coin sets. Other coins that do not enter general circulation like the Kennedy half dollar, the American Innovation $1 Coin Program, the Native American $1 Coin Program, and the Presidential $1 Coin Program are all collectables that are still produced and can still be used as legal tender.
Rare U.S Coins
There are many different denominations, coin types, and dates that qualify as rare U.S. coins and a variety of ways in which to collect them. Rare U.S. coins span a 141 year period from the start of the U.S. Mint to the Gold Recall Act, which was signed by President Franklin D. Roosevelt in 1933 and made it illegal to own gold, except for rare and collectible coins. American coins are some of the most collectible in the world and there are many U.S. coins available for any budget.
What US Coins Are Worth Money?
According to invaluable.com as of May 27, 2021, when it comes to the rarest U.S. coins, there are some that are still in circulation such as the 1943 Lincoln Copperhead Penny which is worth as much as $10,000. There are a few types of pennies that are worth quite a bit. At $1,800, there is the 1955 Double Die Penny and the 1969-S Lincoln Cent with Doubled Die Obverse which has an estimated value of $120,000. Although not nearly as much, the 1982 No Mint Mark Roosevelt Dime is worth around $300 and the 2005-D 5C Speared Bison Jefferson Nickel, which has a value of $1,265, are among the rare U.S. coins.
US Mint Coins for Sale at GovMint.com
When you buy US Coins at GovMint.com you can rest assured that you are buying authentic United States coinage. We offer free shipping on orders of $149 or more and have a 30-day return policy for all non-bullion items. You can view our return policy here. Browse our website GovMint.com or call 1-800-642-9160 to see how United States Mint Coins can enhance your coin collection today.