Copper has been part of the nation’s yuletide holidays since its earliest days when tiny copper candle holders and hammered-copper ornaments hung from the first Christmas trees, and celebratory wassail was served in copper cups. These were times when lucky youngsters might even receive a special gift—a “copper,” which, after 1793, meant a U.S. large cent.
Large cents, the first coins ever struck by the United States Mint, are part of a copper coinage tradition that dates to earlier colonial times. The first circulating U.S. copper coin, the 1787 Fugio cent, actually predated the U.S. Mint. Designed by Founding Father Benjamin Franklin and variously known as the “Franklin cent,” “Congress cent,” and “national cent,” this 10.2-gram copper coin was not a true cent (1/100th of a dollar), but a close equivalent of the English copper halfpenny.
The U.S. Continental Congress of the Confederation authorized the Fugio cent and contracted its production to a private Connecticut mint, ambitiously ordering 300 tons of copper to be struck into millions of Fugio cents over several years. But only 4.1 tonnes (metric ton = 1.1 standard ton) of copper became 400,000 coins.
The biggest problem facing the production of the Fugiocent and all early American copper coinage was a shortage of copper, a metal with a plethora of uses. Ranking 25th in abundance among the Earth’s crust elements, copper is as common as zinc and nickel. Slightly harder than gold and silver, it is somewhat less dense than silver and nearly as malleable and ductile.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Coin Dealers Attacked, Targets of Organized Crime
Coin dealers nationwide have become the latest victims of organized crime, facing targeted attacks following their attendance at coin shows.
Should You be Paying Sales Tax on Your Bullion and Coin Purchases?
THERE ARE MANY IMPORTANT EXCEPTIONS AND EXEMPTIONS
Physical Format Bitcoin Gains Collector Acceptance
PRICE RECORDS CONFIRM MARKET DEMAND
Coin Industry's Version of the Good Housekeeping Seal
CAC GRADING NOW APPROVES AND CERTIFIES
Scott Travers' 2025
TOP 12 COIN & PRECIOUS METALS TIPS & FORECASTS
Showcasing Jefferson Nickels
HOW TO IDENTIFY VALUABLE VARIETIES
ALEKS GREGORY - VERIFY THAT YOUR GOLD IS REAL
Aleks Gregory entered the coin and precious metals market four years ago as a collector and started trading bullion professionally shortly after. He utilized a Sigma Metalytics Pro verifier to confirm that his purchases were real and was astonished at the machine's capabilities.
Top 5 Gifts for Friends, Family and You
YOUR 2024-2025 NUMISMATIC HOLIDAY
Standing Liberty Quarters - THE RISE OF A SUPERPOWER
Standing Liberty quarters were minted from 1916 to 1930, but the design of these coins relates to issues “in the news” in 2024 and beyond. Indeed, an interesting and not well understood aspect of Standing Liberty Quarters is their reflection of then-recent changes in the foreign policy and military power of the United States.
The World's Most Valuable Coin - 1933 SAINT-GAUDENS DOUBLE EAGLE
How can a coin that was intended for circulation and had a mintage of 445,500 coins be the world’s most expensive gold coin? It is a story about timing, a gift, a theft, and our nation’s economic history.