Browsing Tag

U.S. Mint

Barber Coins: Were They Really ‘Beneath Contempt’?

When an 1891 contest to determine new designs for the dime, quarter and half-dollar went bust, it played right into Charles Barber’s hands. The Chief Engraver for the U.S. Mint had wanted to design the coins himself, and when the contest failed to yield any worthy designs, he got his wish.

Unfortunately for Barber, his victory would prove to be Pyrrhic. Be careful what you wish for.

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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.

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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.

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The Folly of Collecting Chinese Coins

The phrase “buyer beware” may not have been invented for people shopping in China, but it might as well have been.

After all, China is infamous for its pirated products. Whether its movies, software, watches, luxury goods, or toys (and at one point, music – but that seems to be changing – although that’s only because they haven’t figured out how to pirate Pandora or Spotify yet), Chinese counterfeiters make fake versions of almost any consumer good imaginable. In fact, some enterprising Chinese pirates have moved on from the consumer goods market, setting up things like fake Ikeas and Apple stores, and even fake law firms. Thanks to lax copyright law enforcement, pretty much the only thing in China that hasn’t been illegally copied and then passed off as the real thing has been the Great Wall (and give them time – someone will probably figure out how to do it). That’s why, when a hoax story about fake pork buns with cardboard inside made the rounds on the Internet a few years ago, everyone believed it.

All of this is just a roundabout way of saying: “Don’t buy coins from China – because they’re probably fake.”

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All About the Benjamins

This was my gateway coin.

I was in middle school when I happened to see it in an old bowl of change in my parents’ room and was immediately intrigued. I had seen half dollars before, but only ones with John F. Kennedy on them. I had never seen one with Benjamin Franklin’s face on it. Yet, here it was, forgotten about and collecting dust in a bowl so dirty that the amount of effort it would take to make it suitable for food consumption again wouldn’t have been worth it.

Nevertheless, I was fascinated (by the coin, not the bowl) and asked my mom if I could have it. “Sure,” she said with a shrug – never imagining that it would lead to a lifetime of coin collecting on my part. Or maybe she was just happy I was interested in something besides baseball cards or Garbage Pail Kids. After all, coin collecting is the hobby of kings. Literally.

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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.

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My Trip to the 2019 ANA World’s Fair of Money – Part I

My first trip to a coin conference did nothing to prepare me for the 2019 World’s Fair of Money. Sponsored by the American Numismatic Association, this year’s event, held at the Donald E. Stephens Convention Center in Rosemont, Ill., boasted auctions, seminars, exhibits of historic rare coins and currency, and a bourse so large that it made the one from the show I went to in Schaumburg back in April look like a garage sale. Indeed, if the Schaumburg show was like Comic-Con, then this show was like being in the Battle of Wakanda scene in Avengers: Infinity War.

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

Another one of my favorites (image via me).

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.

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