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United States coinage

From Academic Kids

Missing image
UScoinage.jpg
Current US Coinage. Top row: Lincoln Cent, Jefferson Nickel, Roosevelt Dime, Sacagawea Dollar. Middle row: Kennedy Half Dollar, Obverse of the Statehood Quarters. Bottom row: the Statehood Quarters of 1999: Delaware, Pennsylvania, New Jersey, Georgia, and Connecticut.

Circulating United States currency currently includes six denominations of United States coinage (or specie): 0.01, 0.05, 0.10, 0.25, 0.50 and 1.00 United States dollar. All are produced by the United States Mint, which sells them to the United States Federal Reserve Banks, who are responsible for putting coins into circulation and withdrawing them from circulation, as demanded by the cash economy.

Contents

Coins currently in circulation

Coin Value Design on front (obverse) Design on back (reverse)
One-cent coin
(popularly known as a penny)
$0.01 President Abraham Lincoln Lincoln Memorial
Five-cent coin
(popularly known as a nickel)
$0.05 President Thomas Jefferson Westward Journey Series (2004-2005)
Dime $0.10 President Franklin D. Roosevelt torch, oak branch, olive branch
Quarter $0.25 President George Washington State Quarter Series (1999-2008)
Half-dollar $0.50 President John F. Kennedy Great Seal surrounded by 50 stars
Dollar $1.00 Eagle in flight

Bullion coins

Main articles: American Gold Eagle, American Platinum Eagle, American Silver Eagle

Several non-circulating bullion coins are also produced by the United States Mint:

  • Hundred-dollar bullion coin, $100, one troy ounce (~31 grams) platinum
  • Fifty-dollar bullion coin, $50, half troy ounce (~15.5 grams) platinum
  • Fifty-dollar bullion coin, $50, one troy ounce (~31 grams) gold
  • Twenty-five-dollar bullion coin, $25, half troy ounce (~15.5 grams) gold
  • Twenty-five-dollar bullion coin, $25, quarter troy ounce (~7.8 grams) platinum
  • Ten-dollar bullion coin, $10, tenth troy ounce (~3 grams) platinum
  • Ten-dollar bullion coin, $10, quarter troy ounce (~7.8 grams) gold
  • Five-dollar bullion coin, $5, tenth troy ounce (~3 grams) gold
  • One-dollar bullion coin, $1, one troy ounce (~31 grams) silver

Note: 1 troy ounce = 31.1034768 grams.

Historical denominations of United States coins, which are no longer circulated by the United States Mint

It is a common misconception that "eagle"-based nomenclature for gold U.S. coinage was merely slang. This is not the case. The "eagle," "half-eagle" and "quarter-eagle" were specifically given these names in the Coinage Act of 1792. Likewise, the double eagle was specifically created as such by name ("An Act to authorize the Coinage of Gold Dollars and Double Eagles", title and section 1, March 3, 1849).

The current dollar coin has an image of Sacagawea on the obverse, and is minted of a golden-colored brass-manganese alloy. This "golden dollar" was designed to replace the Susan B. Anthony dollar coin, which was produced from 1979-1981 and again in 1999. The size, weight, and electromagnetic characteristics of the Sacagawea dollar exactly match those of the Susan B. Anthony dollar, avoiding any need to modify vending machines.

External links

United States currency and coinage
Topics: Federal Reserve note | United States Notes | United States coinage | United States dollar
Currency: $1 | $2 | $5 | $10 | $20 | $50 | $100 | Larger denominations
Coinage: Cent | Nickel | Dime | Quarter | Half-dollar | Dollar
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