The half cent and cent were the first coins issued for circulation by the United States Mint beginning in 1793. The half cent is the smallest denomination coin ever struck by the Mint and was issued in 4 different design types intermittently from 1793 to 1857. In 1857 the denomination was abandoned as the cost to produce it exceeded the face value of the coin. Half cents are collected both as type coins as well as in sets as the various series’ within the denomination possess many rare and valuable varieties prized by specialists.
The one cent coin, or “penny”, has been issued by the United States Mint almost continuously since it was first struck. Large cents were issued in 5 different design types from 1793 to 1857 when cost cutting necessitated the creation of the small cent which has been struck in 3 designs and is in use today. Small cents have been struck in a myriad of compositions and the series is filled with varieties making it a favorite of specialists. Despite rigorous attempts to eliminate the cent from circulation, the public continues to demand it and it remains perhaps the most “American” of all coins as well a favorite with collectors of all ages. U.S. Rare Coin Investments deals in all half cents and cents so whether buying or selling please contact us today to discuss how we can serve you.