The story behind the coin
Picture a penny the size of a half-dollar. Pure copper, nearly 11 grams of it, heavy in the hand. For the first 64 years of the United States Mint, that was the cent — the "large cent," a coin Americans hauled around by the fistful. The Braided Hair cent is the last chapter of that story, struck from 1839 to 1857.
It arrived as a fix for an embarrassment. The previous design, the "Matron Head," was so unloved that the great numismatist Walter Breen later called it "a spectacularly ugly head of Ms. Liberty." The Mint wanted a Liberty that looked like the young republic felt — fresh, classical, confident. So a new engraver took the dies in hand and remade her.
It died for a colder reason: math. In 1856 the price of copper jumped from about 42 cents a pound to 62 cents in roughly six weeks. The big cent now cost close to a full cent — sometimes more — to make. People were also tired of carrying the heavy things. Congress ended it with the Coinage Act of 1857, which retired both the large cent and the half cent and ushered in the small, light Flying Eagle cent. The era of the big copper penny was over.
