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House of Representatives

The U.S. Trade Dollar: An Accessory to the ‘Crime of 1873.’

Sometimes, it takes a while for people to get outraged about a law.

Maybe it’s all of the legalese — for instance, it is not the case that double negatives are unacceptable in drafting legal documents.

Maybe it’s the arcane parliamentary procedure that only C-SPAN junkies have the wherewithal to comprehend or stomach. Heck, even C-SPAN gets bored during quorum calls and starts playing background music.

Or maybe it’s not always apparent what a law’s effects will be until it’s been in effect for a few years.

That was the case with the Coinage Act of 1873 (also known as the Fourth Coinage Act). A few years after its enactment, the law would become known as the “Crime of 1873” and helped spawn a powerful political movement that influenced multiple presidential elections.

Runneth Over: A Few World Cup Coins

The upcoming FIFA World Cup will make history in several ways.

It will be the first tournament to take place in November-December, disrupting the European club season.

It will also be the first World Cup to take place in the Middle East, and the first to take place in an Arabic country.

One thing that won’t be a break with precedent? There will be plenty of coins issued to commemorate the event. FIFA, the Central Bank of Qatar, and various countries have already made some available for sale and there are probably a lot more out there.

I’ve acquired a few World Cup coins over the years. Read all about them below:

The Big 2-5-0

America’s semiquincentennial is coming up. Or is it a sestercentennial? Or bicentennial-and-a-quarter?

Whatever you want to call it, it’s America’s 250th birthday. Planning commissions are already meeting to figure how to properly commemorate the 250th anniversary of the signing of the Declaration of Independence. If history is any guide, commemorative coins will be part of those plans.

Will it be like 1876, when the U.S. Mint produced an official centennial medal? Or will it be like 1926, when it produced a sesquicentennial commemorative half dollar? Or 1976, when it produced new bicentennial reverse designs for circulating quarters, half-dollars and dollar coins?

Why Isn’t There a Martin Luther King, Jr. Commemorative Coin?

Dr. Martin Luther King, Jr. has his own holiday (although some states have combined it with holidays recognizing people who were antithetical to his beliefs and teachings).

He has his own postage stamps.

He has schools, monuments, songs and in most cities, he has his own street — although those roadways don’t always have the best rep. (As Chris Rock once said: “Martin Luther King stood for non-violence. Now what’s Martin Luther King? A street. And I don’t care where you live in America. If you’re on Martin Luther King Blvd, there’s some violence going down!”)

One thing he doesn’t have is a U.S. Mint-issued coin. Why is that?

Silver (Dollar) Anniversary

UPDATE (12/17/2020): The House bill was passed via unanimous consent in the Senate. Assuming the President signs it, looks like we’ll be getting those new Morgan and Peace Dollars after all.

UPDATE (01/05/2020): The President signed the bill into law.

I attended two coin conventions in 2019, and one thing they both had in common was that there was no shortage of Morgan and Peace Silver Dollars available from the many vendors on the bourse. There was such an abundance that Scrooge McDuck could have bought every single silver dollar with whatever pocket change he happened to have (assuming he wears pants – Donald doesn’t, so why should he?), loaded them into a wading pool and gone for a dip.

By this time next year, there could be even more Morgan and Peace dollars hitting the market — provided that Congress can get its act together.

If I Had A Nickel…

… For every time I wrote about powerful individuals who played outsized roles in numismatic history, I’d have, like, a few nickels. Hey, I’ve only been doing The Coin Blog for a year or so.

We’ve seen how interest groups, U.S. Mint officials, Representatives, Senators (lots and lots and lots of Senators), and even a guy who wanted a paid vacation have willed certain coins into existence.

When it came to the creation of the nickel, we have a rich industrialist who had lots of powerful friends in Congress and wasn’t afraid to use his influence.

One Man’s Crusade: The Twenty Cent Coin

One theme that’s been well-covered here on the blog has been the ability of influential politicians to get bills passed authorizing various types of coins. Whether it’s for fiscal reasons, to commemorate important people in American history, or because someone really, really liked a particular design, politicians have been able to get all sorts of coins authorized, minted and circulated.

There’s also plain old self-interest.

One of a Kind: The 2005 John Marshall Commemorative Silver Dollar

It seems hard to believe that, in the entirety of American history, only one Supreme Court justice (who wasn’t previously President of the United States) has ever been on a government-issued coin.

Given his outsized judicial legacy, it’s only appropriate that said justice was John Marshall.

The 1982 George Washington Half Dollar: Commemorative Coins Make a Comeback

By the time 1981 rolled around, the following things were dead:

And so were commemorative coins. In fact, compared to those aforementioned deceased things, commemorative coins had been in the ground the longest, thanks to a glut of offerings with limited appeal that killed the market for much of the preceding three decades.

Everything changed when it came time to honor the 250th anniversary of the birth of the father of our country.

Rise of the Silver Eagle

One thing I’ve learned since I started writing about numismatics is that federal politicians have a tremendous amount of sway and power when it comes to creating and authorizing the production of coins.

Case in point: U.S. Senator Jim McClure (R-ID).

The Great Compromiser: Henry Clay Tokens (UPDATED)

It may not be in vogue anymore, but there have been several well-respected figures in American history who have lost a Presidential election as a major party nominee, only to come back and win the White House. Thomas Jefferson lost a razor-thin contest in 1796 and won four years later. Andrew Jackson prevailed in 1828, four years after he lost in a contingent election before the House of Representatives. Grover Cleveland attained his status as a trivia question by serving his two nonconsecutive terms between a losing effort in 1888. Heck, I wrote an entire book about how Richard Nixon survived losing the 1960 race to JFK only to prevail in 1968.

Of course, not everyone managed to pull off successful comebacks. Democrats nominated William Jennings Bryan in 1896, 1900, and 1908 and he lost all three times. Democrats also trotted out Adlai Stevenson twice, losing two lopsided contests to Dwight D. Eisenhower in 1952 and 1956. Republican Thomas Dewey looked set to win in 1948, four years after he lost to FDR, only to famously not defeat Harry Truman. And, during the days when Presidential elections were more regional in nature, men like Charles Pinckney, George Clinton, John Jay, Rufus King and others found themselves on the short end of multiple general election ballots, although their level of interest or involvement varied.

Then there’s Henry Clay.

“I Am Not a Coin! Oh Wait a Minute…”

Unfrozen Caveman Law Writer
New York, Politics, Richard Nixon, The Coin Blog
Jul 24, 2019

Got some interesting news on Friday. “Nixon in New York” will be released on paperback in the fall. Hopefully the price will be more reasonable this time around.

Anyway, to celebrate this news, I figured I’d show off my Richard Nixon coin.

What’s Old is New Again: The 2001 Buffalo Dollar

One thing I’ve learned through my years of coin collecting is that truly popular designs never really go away – politicians and Treasury officials will always figure out ways to recycle them.

For instance, in 1986 the U.S. Mint resurrected two of the most universally beloved and acclaimed coin designs, the Walking Liberty half dollar and the Saint Gauden’s double eagle, for its silver and gold eagles, respectively. Three decades later, the Mint re-used the Mercury dime obverse for its palladium eagles. After all, why waste perfectly good (and popular) designs. Especially if they help entice investors, collectors and doomsday preppers to part with their hard-earned money.

So, when the government was coming up with ways to fund the Smithsonian National Museum of the American Indian in 2000, one of the things it did was authorize a special commemorative silver dollar featuring one of the most iconic designs in American coinage history.

The Susan B. Anthony Dollar: Mistake or Misunderstood?

Van Halen III.

Perhaps it isn’t fair to compare the Susan B. Anthony dollar coin to those less-than-successful installments of otherwise well-liked catalogues that were so bad they’re widely disregarded by both their creators and fans.

Or maybe it is.

George H.W. Bush (1924-2018) (BOOK EXCERPT)

George H.W. Bush passed away on Friday at the age of 94. The former Representative, UN Ambassador, RNC Chair, China Envoy, CIA Director, Vice President and President owed a lot to President Richard Nixon. After Bush’s unsuccessful 1970 campaign for U.S. Senate, Nixon made sure Bush stayed in the political arena by appointing him UN Ambassador and then RNC Chair. Perhaps Nixon was well-disposed to the future President due to an important, but somewhat understated role that Bush played in Nixon’s 1968 comeback.

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