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Silver center cent

The silver center cent was an early attempt to reduce the size of the cent while maintaining its intrinsic value.

The Silver center cent is an American pattern coin[1] produced by the United States Mint in 1792. As a precursor to the large cent it was one of the first coins of the United States and an early example of a bimetallic coin. Only 12 original examples are known to exist,[2] of which one is located in the National Numismatic Collection at the Smithsonian Institution.[3] Two more specimens (Morris and California) exist but contain fabricated plugs added after minting.[4]

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 $1.15 million.[5][6]

  1. ^ "J1/P1". The Society of U.S. Pattern Collectors.
  2. ^ Garrett, J. & Guth, R. (2003). 100 Greatest U.S. Coins. Atlanta, GA: H.E. Harris & Co. p. 48. ISBN 0-7948-1665-7.
  3. ^ "Heritage Offering Finest Known 1792 Silver Center Cent at Jan. 2021 FUN Auction". Coin Week. November 30, 2020. Retrieved February 24, 2021.
  4. ^ 1792 SILVER AND NON-SILVER CENTER CENTS UPDATE. Vol. 22. E-Sylum. 2019. p. 26.
  5. ^ "1792 P1C One Cent, Judd-1, Pollock-1, High R.6, MS61 Brown PCGS". Heritage Auctions. Heritage Auctions, INC. 2012. The Morris specimen traces its pedigree back to Charles Morris and its appearance in S.H. & H. Chapman's auction in April 1905.
  6. ^ "1792 Silver Center Cent Brings $1.15 Million To Lead Heritage Auctions' $29 Million+ Central States Event". Heritage Auctions. April 26, 2012. Retrieved February 24, 2021.

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