Portal:Numismatics

The Kennedy half dollar, first minted in 1964, is a fifty-cent coin issued by the United States Mint. Intended as a memorial to the assassinated 35th president of the United States John F. Kennedy, it was authorized by Congress just over a month after his death. Use of existing works by Mint sculptors Gilroy Roberts and Frank Gasparro allowed dies to be prepared quickly, and striking of the new coins began in January 1964.

The silver coins were hoarded upon their release in March 1964 by collectors and those interested in a memento of the late president. Although the Mint greatly increased production, the denomination was seldom seen in circulation. Continued rises in the price of silver increased the hoarding—many early Kennedy half dollars have been melted for their silver content. Starting with 1965-dated coins, the percentage of fine silver was reduced from 90% to 40% (silver clad), but even with this change the coin saw little circulation. (Full article...)

The United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were already popular in East Asia. The idea first came about in the 1860s, when the price of silver began to decline due to increased mining in the western United States. A bill providing in part for the issuance of the trade dollar was eventually put before Congress, where it was approved, and signed into law as the Coinage Act of 1873. The act made trade dollars legal tender up to five dollars. A number of designs were considered for the trade dollar, and an obverse and reverse created by William Barber were selected.

The first trade dollars were struck in 1873; the majority of these were sent to China. Eventually, bullion producers began converting large amounts of silver into trade dollars, causing the coins to make their way into American commercial channels. This caused frustration among those to whom they were given in payment, as the coins were largely maligned and traded for less than one dollar each. In response to their wide distribution in American commerce, the coins were officially demonetized in 1876, but continued to circulate. The production of business strikes ended in 1878, though proof coins officially continued to be minted until 1883. The trade dollar was re-monetized when the Coinage Act of 1965 was signed into law. (Full article...)

The Vermont Sesquicentennial half dollar, sometimes called the Bennington–Vermont half dollar or the Battle of Bennington Sesquicentennial half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1927. The coin was designed by Charles Keck, and on its obverse depicts early Vermont leader Ira Allen, brother of Ethan Allen.

On January 9, 1925, Vermont Senator Frank Greene introduced legislation for commemorative coins to mark the 150th anniversary of Vermont declaring itself fully independent in 1777 and of the American victory at the Battle of Bennington the same year. His bill passed the Senate without difficulty, but in the House of Representatives faced an array of problems. Treasury Secretary Andrew W. Mellon sent a letter opposing the bill and dispatched three Treasury officials to testify against it, arguing that the public was being confused as special coin issues entered circulation. The committee's resolve to have no more commemorative coins—after this one—did not impress the full House, which added two more half dollars to the legislation to mark other anniversaries. The Senate agreed to the changes, and President Calvin Coolidge signed the authorizing act on February 24, 1925. (Full article...)

The Lewis and Clark Exposition Gold dollar is a commemorative coin that was struck in 1904 and 1905 as part of the United States government's participation in the Lewis and Clark Centennial Exposition, held in the latter year in Portland, Oregon. Designed by United States Bureau of the Mint Chief Engraver Charles E. Barber, the coin did not sell well and less than a tenth of the authorized mintage of 250,000 was issued.

The Lewis and Clark Expedition, the first European-American overland exploring party to reach the Pacific Coast, was led by Meriwether Lewis and William Clark, following the Louisiana Purchase of 1803. Between 1804 and 1806, its members journeyed from St. Louis to the Oregon coast and back, providing information and dispelling myths about the large area acquired by the United States in the Purchase. The Portland fair commemorated the centennial of that trip. (Full article...)

The British farthing (derived from the Old English feorthing, a fourth part) was a British coin worth a quarter of an old penny (1⁄960 of a pound sterling). It ceased to be struck after 1956 and was demonetised from 1 January 1961.

The British farthing is a continuation of the English farthing, struck by English monarchs prior to the Act of Union 1707, which unified the crowns of England and Scotland into the Kingdom of Great Britain. Only pattern farthings were struck under Queen Anne as there was a glut of farthings from previous reigns. The coin was struck intermittently under George I and George II, but by the reign of George III, counterfeits were so prevalent the Royal Mint ceased striking copper coinage after 1775. The next farthings were the first struck by steam power, in 1799 by Matthew Boulton at his Soho Mint under licence. Boulton coined more in 1806, and the Royal Mint resumed production in 1821. The farthing was struck fairly regularly under George IV and William IV. By then it carried a scaled-down version of the penny's design, and would continue to mirror the penny and halfpenny until after 1936. (Full article...)

The three-cent silver, also known as the three-cent piece in silver or trime, was struck by the Mint of the United States for circulation from 1851 to 1872, and as a proof coin in 1873. Designed by the Mint's chief engraver, James B. Longacre, it circulated well while other silver coinage was being hoarded and melted, but once that problem was addressed, became less used. It was abolished by Congress with the Coinage Act of 1873.

After a massive importation of gold bullion during the California Gold Rush, silver could be traded for increasing amounts of gold, so U.S. silver coins were exported and melted for their metal. This, and the reduction of postage rates to three cents, prompted Congress in 1851 to authorize a coin of that denomination made of .750 fine silver, rather than the conventional .900. The three-cent silver was the first American coin to contain metal valued significantly less than its face value, and the first silver coin not to be legal tender for an unlimited amount. The coin saw heavy use until Congress acted again in 1853, making other silver coins lighter, which kept them in circulation. Congress also lightened the three-cent silver, and increased its fineness to 900 silver. (Full article...)

The Louisiana Purchase Sesquicentennial half dollar was a proposed United States commemorative coin, legislation for which passed both houses of Congress, but was vetoed in 1954 by President Dwight Eisenhower. Intended to celebrate the 150th anniversary of the Louisiana Purchase (1803), the coin was lobbied for by both the Missouri Historical Society (MHS) and the Louisiana Purchase 150th Anniversary Association of New Orleans, who hoped to be able to buy the entire coin issue from the government and sell it at a profit.

Numismatist Eric P. Newman led the MHS's efforts, and corresponded with Congressman Thomas B. Curtis of Missouri, who helped push the bill forward with officials of the Louisiana group, such as Clay Shaw. Although many commemorative coins had been authorized by Congress in the 1930s, legislators passed few after that; the Treasury Department was strongly against their issue. When the House of Representatives held a hearing on the Louisiana Purchase Sesquicentennial half dollar, the bill was opposed by assistant director of the Mint F. Leland Howard. The House passed the bill in April 1953, but the Senate was slow to act, passing it in January 1954, and after the House concurred with the Senate amendments, the bill was sent to Eisenhower later that month. (Full article...)

The Fort Vancouver Centennial half dollar, sometimes called the Fort Vancouver half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1925. The coin was designed by Laura Gardin Fraser. Its obverse depicts John McLoughlin, who was in charge of Fort Vancouver (present-day Vancouver, Washington) from its construction in 1825 until 1846. From there, he effectively ruled the Oregon Country on behalf of the Hudson's Bay Company. The reverse shows an armed frontiersman standing in front of the fort.

Washington Representative Albert Johnson wanted a coin for Fort Vancouver's centennial celebrations, but was persuaded to accept a medal instead. But when another congressman was successful in amending a coinage bill to add a commemorative, Johnson tacked on language authorizing a coin for Fort Vancouver. The Senate agreed to the changes, and President Calvin Coolidge signed the authorizing act on February 24, 1925. (Full article...)

The Albany Charter half dollar, also known as the Albany-Dongan half dollar or Albany half dollar, is a commemorative half dollar struck by the United States Bureau of the Mint in 1936. It was designed by sculptor Gertrude K. Lathrop, who lived in Albany, New York's state capital.

In 1936, Congress approved many commemorative coins for issuance, including some of mostly local significance. These included the Albany piece, wanted by city officials to mark the 250th anniversary of the 1686 grant of its municipal charter by Thomas Dongan, governor of colonial New York. The authorizing bill passed through Congress without opposition, though amendments added protections for coin collectors against abuses seen in earlier commemorative issues. Lathrop's designs have generally been praised: she placed a beaver on one side of the coin, modeled from life (one appears on Albany's city seal) and depicted the persons involved in the grant of the charter on the other. After approval of the designs by the Commission of Fine Arts, the Philadelphia Mint coined 25,013 Albany half dollars in October 1936, including 13 pieces for testing by the Assay Commission. (Full article...)

The Old Spanish Trail half dollar is a commemorative coin struck by the United States Bureau of the Mint in 1935. The coin was designed by L. W. Hoffecker, a coin dealer, who also was in charge of its distribution.

In 1930, President Herbert Hoover vetoed the Gadsden Purchase half dollar bill. Lyman W. Hoffecker [gl] had been the moving force behind that effort, and he sought another commemorative coin proposal that he could control if authorizing legislation was passed. He chose the travels of Spanish officer Álvar Núñez Cabeza de Vaca in the early 16th century. Hoffecker took liberties both with the timing of Cabeza de Vaca's travels and their location. For instance, although Hoffecker's hometown of El Paso, Texas, is featured on the coin, Cabeza de Vaca came nowhere near it. All this made little difference to Congress, which passed the Old Spanish Trail coin bill without opposition. It was signed into law by President Franklin D. Roosevelt. (Full article...)

The Long Island Tercentenary half dollar was a commemorative half dollar struck by the United States Bureau of the Mint in 1936. The obverse depicts a male Dutch settler and an Algonquian tribesman, and the reverse shows a Dutch sailing ship. It was designed by Howard Weinman, the son of Mercury dime designer Adolph A. Weinman.

The Long Island Tercentenary Committee wanted a coin to mark the 300th anniversary of the first European settlement there, at modern Flatlands, Brooklyn, New York City. The authorizing bill passed through Congress without opposition. Still, it was amended in the Senate to add protections against past commemorative coin abuses, such as low mintages or an assortment of varieties. On April 13, 1936, the bill became law with the signature of President Franklin D. Roosevelt. (Full article...)

The Oregon Trail Memorial half dollar was a fifty-cent piece struck intermittently by the United States Bureau of the Mint between 1926 and 1939. The coin was designed by Laura Gardin Fraser and James Earle Fraser, and commemorates those who traveled the Oregon Trail and settled the Pacific Coast of the United States in the mid-19th century. Struck over a lengthy period in small numbers per year, the many varieties produced came to be considered a ripoff by coin collectors, and led to the end, for the time, of the commemorative coin series.

Ohio-born Ezra Meeker had traveled the Trail with his family in 1852 and spent the final two decades of his long life before his death in 1928 publicizing the Oregon Trail, that it should not be forgotten. In 1926, at age 95, he appeared before a Senate committee, requesting that the government issue a commemorative coin that could be sold to raise money for markers to show where the Trail had been. The coin had originally been thought of by Idahoans, led by Dr. Minnie Howard, seeking to further preservation work at Fort Hall; Meeker broadened the idea. Congress authorized six million half dollars, and placed no restriction on when or at what mint the coins would be struck. Meeker's Oregon Trail Memorial Association (OTMA) had tens of thousands of pieces struck in 1926 and 1928, and did not sell them all. Nevertheless, most years between 1933 and 1939, it had small quantities of the half dollar coined, in some years from all three operating mints to produce mintmarked varieties, and raised prices considerably. (Full article...)

The British penny (1⁄240 of a pound sterling), a large, pre-decimal coin which continued the series of pennies which began in about the year 700, was struck intermittently during the 20th century until its withdrawal from circulation after 1970. From 1901 to 1970, the obverse ("heads" side) of the bronze coin depicted the monarch who was reigning at the start of the year. The reverse, which featured an image of Britannia seated with shield, trident, and helm, was created by Leonard Charles Wyon based on an earlier design by his father, William Wyon. The coins were also used in British colonies and dominions that had not issued their own coins.

In 1895 the design on the reverse was modified by the Engraver of the Royal Mint George William de Saulles and after Queen Victoria's death in 1901, de Saulles was called upon to create a design for the obverse which would feature Edward VII. This feature appeared on the version of the penny which went into circulation in 1902, and it remained in circulation until the year of Edward's death, 1910. An obverse version of the penny designed by Sir Bertram Mackennal and depicting George V went into circulation in 1911, and it remained in circulation with some modifications until the year of the king's death, 1936. No new pennies were produced for commerce in 1933, because a sufficient number were already in circulation, but at least seven were struck that year, mostly for placement beneath foundation stones and in museums; today they are valuable. Edward VIII's short reign is only represented by a single pattern coin, dated 1937. That year, a new obverse design by Humphrey Paget which depicted George VI went into use. From 1941 to 1943, during the Second World War, pennies were only struck for the colonies; these are all dated 1940 which was the most recent year of production in the United Kingdom. After the war, demand for the penny began to diminish. Most of the 1950 and 1951 pieces were sent to Bermuda, where many of them were retrieved from circulation and repatriated by British coin dealers because of their relative scarcity. (Full article...)

The Liberty Head double eagle or Coronet double eagle is an American twenty-dollar gold piece struck as a pattern coin in 1849, and for commerce from 1850 to 1907. It was designed by Mint of the United States Chief Engraver James B. Longacre.

The largest denomination of United States coin authorized by the Mint Act of 1792 was the eagle, or ten-dollar piece. The large amount of bullion being brought east after the discovery of gold in California in the 1840s caused Congress to consider new denominations of gold coinage. The gold dollar and double eagle were the result. After considerable infighting at the Philadelphia Mint, Chief Engraver James B. Longacre designed the double eagle, and it began to be issued for commerce in 1850. Only one 1849 double eagle is known to survive and it rests in the National Numismatic Collection at the Smithsonian. (Full article...)

Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low-denomination banknotes of the United States dollar were in use between August 21, 1862, and February 15, 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five issuing periods. The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution. (Full article...)