Image Courtesy of Professional Coin Grading Service (PCGS.com)
Overview
In the annals of United States history, the Twenty Cent Piece, which was made between the years 1875 and 1878, is still regarded as one of the most fascinating and significant pieces that have ever been manufactured. Even though it was only created in limited quantities, it has gained historical significance among numismatists because of the controversy that took place about its design and the unusual appellation that it was given.
Purpose or objectiveWhen there was a perceived need for a coin that would bridge the gap between the dime and the quarter, the Twenty Cent Piece was designed as a reaction to this seen need. The dime was relatively small in comparison to the quarter. At the time, there were issues with coin shortages in the western region of the United States, particularly about the little change that was available. The intention was to provide a choice that may potentially simplify the process of doing transactions. On the other hand, quickly after its introduction, the currency was met with widespread disapproval from the broader populace.
These coins caused a significant lot of confusion among the general people because the design characteristics and the size of the coin were so like those that are seen on the Quarter Dollar. It was only in the years 1875 and 1876 that Twenty Cent Pieces were made available for circulation. During the years 1877 and 1878, they were initially only available for purchase in the form of Proofs.
DesignThe fact that it was only used for a short time teaches us a lot about the difficulties of designing coins and getting people to accept them. Collectors are very interested in getting it because it is a unique and important piece of American history.