Tuesday, June 5, 2007

Are We To Have Half-Pennies?

1900

Department Stores Want Them to Make Exact Chance With

A movement is on foot to put a one-half cent coin in general use in the United States. Several suggestions have been made to the government, and last week a document was presented, signed by the heads of the big department stores of New York, Chicago, Philadelphia, and Pittsburgh showing the need for this money in making change where articles are sold at 3½, 7½, 12½¢ and at similar prices.

The half-cent coin has been in use in Chicago for the last two years, and last week one of the New York stores ordered 500,000 one-half cent coins. These coins are to be made of copper, size one-half inch in diameter, or just two-thirds of the size of the regular one-cent piece. Stamped in heavy raised figures and letters on one side will be "½ cent," and on the reverse side will appear the name and address of the firm issuing the coins.

Besides, being a convenient change maker, this new coin is considered an advantage from an advertising standpoint, as it carries the name and address of the merchant and would be carried in the purse sometimes for weeks, until the customer receiving it returns to the store where it can be used in making purchases. So far the United States government has nothing to do with issuing this new money. It is put out by individual firms and is only recognized at the store from which it is issued. The proprietors of the big stores are anxious, however, to have the government make and recognize the half-cent coin. — New York Herald.

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