18 March 2015

A pretty penny

A U.S. penny forged in 1792 is up for auction at Stacks Bowers in Baltimore, with an estimated value of $2 million...

Named the “Birch Cent” after its designer, the coin is one of the first pieces of U.S. currency ever minted, and it's one of just seven of this particular design that remain...

It was considered a collector’s item as early as 1882, when it was offered as part of the collection of Charles I. Bushnell Esq., a collector of Americana. It popped up eight years later, in 1890, and again in 1921. Four years after that, in 1925, it was advertised for sale for $1,000 (approximately $13,500 today, adjusted for inflation). 
Also offered for sale in the same auction are a silver center cent -


and a Confederate half-dollar -


While writing the title I wondered about the etymology of the term "pretty penny" as an indication of amount rather than beauty.  It's not explained at Word Wizard; the Online Etymology Dictionary traces that usage to the 15th century and compares it to the modern phrase "pretty please as an emphatic plea."

6 comments:

  1. 'forged'? not minted?

    p.s. sorry for sounding like james bond ordering a martini.

    I-)

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    1. It may not have been produced by the mint. The low numbers coined suggest it was just a prototype or pattern coin. I haven't the time to look up the details; some reader may do so.

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  2. What would our founding fathers ("Parent of Science") think of those in government who deny scientific reality? I think they would be disgusted that the United States Congress could include such willfully ignorant people.

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    1. Nah. They'd probably find us as strange as we find them. The claim "Parent of Science, Liberty, and Industry" seems awfully presumptuous for the USA in 1792.

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    2. Going by the interpunction, I think the motto implies liberty is the parent of science and industry, not the nation. See e.g. this article.

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    3. Correct, Drabkikker - and tx for the nice link.

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