The dime and dollar were the base-units of denomination in silver. In the United States, the cent was the base-unit of denomination in copper. In this regard the United States followed long-standing European practice of different base-unit denominations for different precious and semi-precious metals. With the exceptions of the gold dollar coin, the gold three-dollar coin, the three-cent nickel, and the five-cent nickel, the unit of denomination of coinage prior to 1933 was conceptually linked to the precious or semi-precious metal that constituted a majority of the alloy used in that coin. The eagle base-unit of denomination served as the basis of the quarter eagle ($2.50), half eagle ($5), eagle ($10), and double eagle ($20) coins. These five main base-units of denomination were the mill, the cent, the dime, the dollar, and the eagle, where a cent is 10 mills, a dime is 10 cents, a dollar is 10 dimes, and an eagle is 10 dollars. The eagle was the largest of the five main decimal base-units of denomination used for circulating coinage in the United States prior to 1933, the year when gold was withdrawn from circulation. First two design types of the eagle coin with Turban Head obverse ( Liberty's hair wrapped around a Phrygian cap) and both small eagle (top) and heraldic eagle (bottom) reverses.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |