Twenty Cent Pieces; The Susan B. Anthony of the 1800's

 
Many can remember when the Susan B. Anthony (SBA) dollar debuted in 1979. The coin was about the same size as a quarter, had the same color, and what most would describe as an ugly design, plus it was easy to mistakenly pass out as a quarter if one wasn't focused on their change. With waning popularity and people grumbling that it was too confusingly close to the size of a quarter the coin was quickly discontinued in 1981. Most of the 1979 issues were put out into the real world to circulate, by 1980 very few wanted to get the new dollar coin and by 1981 none that were minted were released to general circulation. Revived in 1999 for a short run before the of Sacagaweas and Presidential dollars the SBA was a miserable failure.

Interestingly enough, the SBA had a predecessor of similar disgust in the 1800's. With a lack of change circulating, the U.S. mint tried a number of new denominations to help in change making. The shortest lived was the twenty cent piece. Born in 1875 it was only struck for circulation until 1876. Then the next two years saw proof strikes for collectors only.

The coins diameter was very close and the obverse design was nearly identical to that of a quarter. Consequently people hated the coin and very few were struck. Three mints produced the twenty cent coin. Philadelphia in all four years, Carson City in 1875 and 1876, and San Francisco in 1875 only. San Francisco produced the most coins by minting over 1.1million in 1875. Philadelphia produced them for four years, but still only made less than 53 thousand. Carson City struck just over 143 thousand, but of the 10,000 struck in 1876 most were melted.

If one is looking to obtain a twenty cent coin it can be done starting at about $100, but if you wanted to complete a set of these cast-offs from the 1800's be prepared to spend a few dollars. The Philadelphia 1875 and 1876 coins start at about $200, but the 1877 and 1878 coins totaled less than 1,000 pieces and will set you back anywhere from $3,000 and up. San Francisco coins are obviously the easiest and start at about $100. Carson City coins are where things get expensive. The 1875-CC is not too expensive and starts at about $300, but the 1876-CC has become legendary.

With the twenty cent pieces being chided as a mistake the mint ordered Carson City to destroy what coins they had not released to the public. So, even though 10,000 coins were struck most ended up in the melting pot. Today it is estimated that there are only about 15 pieces known to exist. Most of the coins known were pieces that had been sent back east for assay. Only a couple are believed to have made it into circulation and finding one would be any collectors dream. But with the 1876-CC coins starting in the six figure range it could pay to look for one.