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1938 Minimum Wage 8-pc Set VG–VF w/Scrip Note
Item #
366268
In Stock
- Qty Credit Card Wire
- 1+ $34.95 $33.92
How Much Was the First Minimum Wage?
As part of President Franklin Roosevelt’s attempt to bring America out of the Great Depression, the Fair Labor Standards Act was passed in 1938. This piece of legislation is important because it established the nation’s very first minimum wage — 25 cents per hour! This eight-piece coin set features five Lincoln Wheatback Cents, two Buffalo Nickels and one Mercury Dime, all dated 1938, the same year the law was passed. These would have been the coins offered to a worker for an hour’s worth of work. The coins come in Very Good to Very Fine (VG–VF) condition and housed together in a drawstring pouch. In addition to your “wages,” you’ll receive a 1930s City of Charleston “Scrip” paper note, used as “emergency currency” to pay city employees when money was too scarce!
| Availability | In Stock |
|---|---|
| Year of Issue | 1938 |
| Country | United States |
| Composition | Copper |
| Condition | Circulated |
| Grade | VG |
| Denomination | 0.01, 0.05, 0.10 |
|---|---|
| Currency Type | Dollar |
| Coin Weight | Various |
| Weight | Various |
| Dimensions | 17.9mm, 19mm, 21.2mm |