Indian Head Bronze Cents 1864-1909

The shots at Fort Sumter that launched the Civil War didn't enclose out pending April 12, 1861, but preparations for war were under way well before that-plus financial preparations. Expecting the conflict, edgy Americans on both sides of the Mason-Dixon Line began sign gold and silver

coins. The stride of this activity accelerated following the choice of Abraham Lincoln to the presidency in November of 1860, for he was perceived as a hard-line Unionist suspect to compromise with southern politicians. It reached fever pitch after Dec. 28, 1861, when New York banks suspended specie payments in reponse to the issuance of national paper money which was not redeemable in coin. By the summer of 1862, precious-metal coins all but disappeared from circulation.

Not being made of precious metal, cents sustained to circulate for a few months longer. In verity, it seemed inconceivable the Americans would pile cents. The large, intrinsically effective copper cents used since the inception of the realm's change were replaced in 1857 by the slighter copper-nickel Flying Eagle cents-fiat issues, merit minus as metal than, as money. That was curious in the mid-19th century; most U. S. Coins had high intrinsic appraise, and Americans had come to assume and even insist this in their penny. Nonetheless, the broadcast had welcomed the large cents' demise, considering the coins too cumbersome for usual use.

The new small cents-known as "colorless cents" because of their pale incline-became even more accepted in 1859 when, due to striking problems, the Mint replaced the creative Flying Eagle affect with a new one depicting a female clothed in a feathered Indian crown. This "Indian Head" portrait, not a native American profile but apparently modeled after the Greco-Roman model Venus Accroupie, had widespread urge, reinforcing the acceptance the colorless cents already enjoyed because of their versatile dimension.

Production levels were high-far superior to those of the large cents they replaced-and it was common education that the metal in each coin was worth excluding than one cent. Nevertheless the Civil War shattered many accepted beliefs, counting the perception that small-limit, low-assess cents were immune from notice.

Initially, bags of cents served as one of the central means of payment for anxious merchants deprived of silver coins. Before long, however, the cents too became a target for hoarders. They were, after all, government-release coins, and as such were preferable to the all-but-irredeemable "shinplasters" (scrip and wildcat pile comments) being generally presented. Furthermore, the worth of nickel-fueled by wartime pressure-was rising promptly, giving these nickel-alloy coins bigger intrinsic cost. By December 1862, cents had coupled gold and silver coins on the step.

That was when need gave birth to invention-not by Uncle Sam but by secretive entrepreneurs. To stuff the vacuum left by the departure of federal money, merchants and promoters began producing cent-sized model tokens, normally effect an oblique or even exact potential of redemption in cargo, navy or money. These "Civil War tokens" gained broad acceptance as a money substitute. Mint officials were duly impressed, and in 1864 they reshaped the cent in these tokens' aura, replacing the copper-nickel "ashen cent" with a slimmed-down rendering made of figurine.

Besides being darker in paint, the new cent was one-third lighter in substance. Its diameter was unchanged, however, and it still bore the same Indian Head face model and unadorned circlet and shelter transpose fashioned for its predecessor by the Mint's chief engraver, James B. Longacre. The new coin's components were less expensive than nickel, and this mutual with its sink emphasis made it much cheaper to fabricate. It was also easier to reach, as figure is much softer than nickel. And like the tokens it successfully replaced, it enjoyed ready acceptance from the municipal, effectively finale the dearth of cents in circulation.

Both kinds of cents were issued in 1864, with the sculpture outnumbering the copper nickel by about 3-to-1. Despite its higher mintage, the image cent provided the year's scarcest class: one on which Longacre's first "L" appears on the ribbon of the Indian's boater. The designer didn't add this until recent in the year, so relatively few 1864 cents have it. Apparently, a large mass of these "L" cents went to England, for many pieces were improved from there in the 1950s and 60s.

Bronze Indian cents remained in production lacking interruption for near half a century before giving way to the Abraham Lincoln kind in 1909. The invent remained the same for the intact run except for instant changes in 1886, when the then chief engraver, Charles Barber, faintly lowered the relief and made a small change in the stand of the bust. For all but the last two time, Indian Heads were struck only at the chief mint in Philadelphia; in 1908 and 1909, the San Francisco office struck cents, the period in very limited quantities. On these, the "S" mint show appears below the garland on the switch.

Total mintage for the string reached almost 1.6 billion, along with 96,848 proofs. Annual production topped 100 million only once, in 1907, and sank below one million for just two issues: 1877 and 1909-S. At 309,000 pieces, 1909-S has the lowly mintage, but the 1877-at 852,500-is more valuable, because fewer examples were set departure. Other scarce issues include the 1869 with a doubled 9, 1872 and 1908-S. Proofs were struck every year, usually in the thousands, except for the prior days which saw mintages under 1,000. The 1864 coins had the minimum testimony mintages: 150 for the no "L" form and only 20 for the with "L" coin, making it a major scarcity. Counterfeits subsist, particularly of coins dated 1877 and 1909-S, and to a smaller extent, the 1864 "L," the 1866 to 1878 issues and 1908-S. Questionable pieces should always be authenticated.

When grading Indian Head cents, the first chairs to show bear on the obverse will be the locks above the ear and the twist to the right of the ribbon; on the annul, bill the bow tether.

Mint asserted examples survive in substantial quantities in grades up to MS-65, but their population drops sharply in MS-66 and above. Fully red coins, of course, are rarer still. Although the chain is relatively long, it encompasses just 51 pieces-even plus 1864 L, 1869/9 and the Open 3 and Closed 3 cents of 1873-because there are only two twig-mint issues. Given this fact and the limited number of high-priced rarities, many collectors assemble undivided date-and-mint sets. The chain relics one of the most accepted of all United States issues.

SPECIFICATIONS:

Diameter: 19 millimeters Weight: 3.11 grams Composition: .950 copper.050 tin and zinc Edge: Plain

BIBLIOGRAPHY: Bowers, Q. David, A Buyer's and Enthusiast's Guide to Fly Eagle and Indian Cents, Bowers & Merena Galleries, Wolfeboro, NH, 1996. Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Snow, Richard, Flying Eagle & Indian Cents, Eagle Eye Press, 1992. Steve, Larry R. & Flynn, Kevin J. Flying Eagle and Indian Cent Die Varieties, Nuvista Press, Jarrettsville, MD, 1995. Taxay, Don, The U.S. Mint and Coinage, Arco Publishing Co. Inc., New York, 1966. Vermeule, Cornelius, Numismatic Art in America, The Belknap Press of Harvard University Press, Cambridge, MA, 1971.

Coin Information Provided Courtesy NGC.

Flying Eagle Cents 1856-1858 Coin

By the mid-1850s it was evident to Mint officials that the large copper cents struck since 1793 were too cumbersome and unpopular, as well as increasingly uneconomical to make. The idea of fiduciary change, based on the trustworthiness of the issuing firmness, not on the coin's intrinsic speed, launch to grab on as well. Sooner or later the "big coppers" would have deceased the way of the relic, but it was the large records of small Spanish colonial silver coins in use throughout the United States that lastly made it imperative the slighter cents had to be struck, and not necessarily of unsullied copper.

It Mint Director James R. Snowden's covet to see all unknown coins obsessed out of the channels of buying in the United States. The penny law accepted by Congress on February 21, 1857 gave him the means to do so. Besides abolishing the the cent, the law also specific that the new cents would weigh 72 grains and be poised of 88% copper and 12% nickel. Furthermore, they were redeemable for the old copper cents and half cents. Nevertheless the most important provision as far as Snowden was troubled was the one that allowed the Mint and the Treasury Department to exchange Spanish bend-reales, reales and medios at the toll of 25, 12-1/2, and 6-1/4 cents, respectively, for the new cents. All other government offices would only convince these three denominations at the rate of 20, 10, and 5 cents. With such an able profit motive, banks were very desirous of exchanging as many of the external silver coins as viable for the new "nicks," as the Flying Eagle cents were called.

When the Flying Eagle cents were first free on May 25, 1857, more than a thousand people wound around the mint edifice to convert their old Spanish coins and large coppers. Within the mint's square was erected a brief, wood structure with two banker windows. Above each porthole was a marker sense, respectively, "cents for cents" and "cents for silver." The Philadelphia Bulletin described the setting: "Every man and boy in the crowd had his state of coin with him. Some had their rouleaux of Spanish coin has done up in bits of newspaper or wrapped in handerchiefs, while others had carpet bags, baskets and other shipping contrivances, packed with coppers-'very inferior and inside,' like boarding house fare."

A minor sell for the small cents urban immediately, some people even paying a premium right on the reason of the mint house itself. Soon enough, although, the "nicks" became commonplace and. By 1859 when the Indian cent point was introduced, the Mint had struck an entire of 42,050,000 cents with the Flying Eagle plan, more than enough for somebody who wished to have numerous examples. Snowden was successful in lashing out the now-demonitized Spanish coins, and by 1859 it was estimated that some $2 million meaning of the foreign silver pieces had been recoined into U.S. subsidiary currency.

Designing by James B. Longacre, the Flying Eagle image was actually an adaptation of the purpose worn on mold silver dollars twenty existence before. The eagle cost had originally been drained by Titian Peale and sculpted by Christian Gobrecht. The setback headdress was also adapted from the copy Longacre had made for the 1854 one and three cash gold pieces.

As with several other Longacre designs, the relief was too high. The caused harms on effusive struck coins-they would not stack correctly-and on excluding than entirely formed pieces it created evils associated with die opposition, that is, each the eagle's move and tail did not beat up smarmy on the face or the garland was ill-clear on the transpose. On coins square 1857, weak reorder definition is especially prevalent.

Flying Eagle cents have proven enormously common over the decades, creation with the derive spring of 1856. It is unclear just how many 1856 cents were struck, but the best estimates drop in the extend of 800 to as many as 1,500 pieces. Both proofs and company strikes were made, as well as originals and restrikes. All are dear and have been extensively hoarded over the being, the most prominent stockpile of which came from the estate of Colonel John A. Beck, who at one time owned 531 pieces.

The 1856 Flying Eagle cent is one of the few American coins whose assess is better than its scarcity. Worth more than $2,000 in Good order, the 1856 cent has an amount and concern to collectors of U.S. currency that goes far afar the more narrow scope of "penny" collectors. Why? The only reasonable answer seems to be: because they forever have been valuable. Even in the recent 1850s, 1856 cents value a dollar or two depending on form.

Collectors of Flying Eagle cents have numerous habits to collect these coins. An absolute year and selection set is likely and consists of only five issues: 1856, 1857, 1858 Small Letters, 1858 Large Letters and 1858/7. These coins are regularly unruffled with the Indian Head cycle. Type collectors normally fuse to the 1857 or one of the two 1858 issues. More superior numismatists regularly assemble sets of the pattern money of this fabricate. Proofs are really underdone, excepting for the 1856, and doubtless less than a equal of 100 proofs subsist of the three issues from 1857 and 1858.

Grading Flying Eagles can be somewhat tricky due to the above-mentioned weakness of assail encountered on many examples. The points of the outline to show friction first are the eagle's breast and wingtips on the face and the bow on the undo. With mint assert coins that are dimly struck on the control or tail of the eagle or on the opposite circlet, it is imperative that mint gleam be present on all areas of the target.

Flying Eagle cents have been extensively counterfeited. Fakes have been made by changing digits in the date, deceitful dies have been shaped to smack phonies and ignite erosion dies have been used. When in mistrust or, when purchasing a high priced Flying Eagle cent, it is always best to have the coin's authenticity expertly verified.

It was Longacre's failure to score dies properly that led to the early demise of the string. A new construct was desirable where die opposition would not be a setback as it had been between the eagle on the frontage and the wreath on the reverse. It was this need that led Longacre to restore the small cent for 1859, replacing the rapid eagle construct with an Indian rule. The primary small cent design, however, gave collectors of 19th century U.S. coins a quick, yet challenging sequence that continues to stratagem numismatists more than a century later.

SPECIFICATIONS:

Diameter: 19 millimeters. Weight: 4.67 grams Composition: .880 copper.120 nickel Edge: Plain

BIBLIOGRAPHY: Bowers, Q. David, A Buyer's and Enthusiast's Guide to Fly Eagle and Indian Cents, Bowers & Merena Galleries, Wolfeboro, NH, 1996. Breen, Walter, Walter Breen's Encyclopedia of U.S. and Colonial Proof Coins 1722-1977, F.C.I. Press, Albertson, NY, 1977. Breen, Walter, Walter Breen's Complete Encyclopedia of U. S. And Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Carothers, Neil, Fractional Money, A History of the Small Coins and Fractional Paper Currency of the United States, John Wiley & Sons, London, 1930. Snow, Richard, Flying Eagle and Indian Cents, Eagle Eye Press, 1992. Steve, Larry R. & Flynn, Kevin J. Flying Eagle and Indian Cent Die Varieties, Nuvista Press, Jarrettsville, MD, 1995. Taxay, Don, The U.S. Mint and Coinage, Arco Publishing, New York, 1966.

Coin Information Provided Courtesy NGC.

Barber Half Dollars 1892-1915 Coin

Telephone examined began between New York and Chicago. Also in Chicago, 30-year-old soap salesclerk William Wrigley ongoing selling chewing gum instead. The Coca-Cola Company was orderly in Atlanta, and the first pneumatic exhaust was sham.

The year was 1892, and new beginnings seemed to be the order of the day. That was the folder in United States penny, as well. Three new silver coins entered circulation that year. Sometimes identified as the Liberty Head half cash, area and dime, they're more regularly referred to by the name of their designer: U.S. Mint chief sculptor-engraver Charles E. Barber.

The fractional silver coins were long overdue for a facelift. All had conceded the Seated Liberty likeness for more than half a century, and while it's constant that life was more leisurely back then, the stride of change in this task was downright cool. The Mint had little incentive to change the designs of these coins. Only one of the three, the Seated Liberty dime, had been made in the before decade in something approaching average records. New half dollars and quarters were barely struck at all during the 1880s, because the central government had more than enough older coins (some dating back to the late 1840s) stashed away in its vaults to convince communal necessary.

The Mint was not oblivious to the need for new designs. In his yearly describe for 1887, Mint Director James P. Kimball pointedly referred to the "prevalent require for an improvement of the penny in reverence to the bestow designs." Not awaiting 1890 did the inventories of older halves and quarters finally decline to the meaning where habitual production seemed probable to resume, making the time more propitious for giving the silver coins a classify-new look.

In 1890, Kimball protected legal underpinning for the thought of ordinary object change. He prevailed winning Congress to elapse legislation specifying that from that meaning familiar, coin designs could be misused administratively after being in use for a minimum of 25 years. The half cash, lodge and dime were eligible at once, although, in item of detail, the Mint could have untouched them, any time it sought under the banner procedures it had followed in previous living.

The notion intrigued kimball of asset a partial competition to attain new designs for the silver currency. At his urging, in 1890 the Treasury invited ten outstanding artists to acquiesce proposed designs for the half money, sector and dime. Augustus Saint-Gaudens, the citizens's pre-imminent sculptor, headed the roll of invitees.

There's little suspect that the contest would have borne impressive fruit, but before it could instigate the artists got together and drafted a set of provisos lacking which, they insisted, they wouldn't compete. Among other effects, they demanded that each entrant get $100 for each sketch that he submitted and $500 for each complete kind. The Treasury crooked them down and instead conducted a contest open to one and all. This twisted some 300 entries, but nothing deemed usable on the change.

Chief Engraver Barber proved to be the winner in the end. Frustrated by the penniless municipal entries, the Mint crooked to Barber in 1891 to invent the coins, an assignment he had popular all along. Barber came up with akin face artwork for all three coins. It features a right-facing regulate of Liberty with her wool assured up in a cap, a laurel circlet resting along her hairline and a headdress demeanor the incused inscription LIBERTY over her crest. The designer's opening (B) is at the foot of the isthmus. On the half cash and quarter, the motto IN GOD WE TRUST appears above this sketch, the court below and thirteen stars alongside.

The two larger coins also allocate an usual swap propose. It depicts a heraldic eagle with a defend on its breast, an emerald outlet clutched in its right talons and a bundle of arrows in its left talons. Inscriptions on this aspect embrace UNITED STATES OF AMERICA along the top border, the report of price along the floor and E PLURIBUS UNUM on a ribbon detained tightly in the eagle's beak. Thirteen stars are arrayed in the subject above the eagle.

All three Barber silver coins debuted in 1892, and all three had steady, unspectacular careers in the realm's coinage marshal. In the task of the Barber half money, annual production never exceeded six million pieces at any given mint; the highpoint came in 1899, when the major mint in Philadelphia made just a shade over 5.5 million. On the other hand, yearly yield never dropped below 100,000 coins at any one mint. The low point occurred in 1914, when just 124,610 half dollars were struck at Philadelphia. Besides the main mint, Barber halves also were created at the separate mints in New Orleans (O mintmark), San Francisco (S) and Denver (D), with the mintmark located below the eagle's tail. Scarce issues embrace 1892-O, 1892-S, 1893-S, 1896-S, 1901-S, 1904-S and the last three pieces from Philadelphia-1913, 1914 and 1915. However, there are no extremist rarities.

Proofs were bent every year, with mintages ranging from a high of 1,245 in the first year of flow to a low of 380 in 1914, the moment-to-last year of the string. In 1916, the Barber a new half dough replaced coin, the Walking Liberty typeface, and no resistant halves were issued.

Barber half dollars were struck for a compute of 24 existence and in 73 different year-and-mint combinations. Collectors do assemble court-and-mint sets, especially in circulated grades, but in mint chaos this coin is far more regularly calm by letters. Important records subsist in mint state levels up to MS-65, but above that the population is frail. When grading this sketch, the points on the obverse that will first show apparel are the cheek and the curls below LIBERTY; on the back, confirm the eagle's rule and the tips of the tail and wings.

The full yield of Barber half dollars for all 24 time was only about 136 million coins. That's minus than half the number of Kennedy halves struck at the Philadelphia Mint in 1964 lonely, but then Barber halves were better money. Back in 1900, a half dough would have bought a man's shirt or two pairs of suspenders. Money indeed went farther in the "good old days!"

SPECIFICATIONS:

Diameter: 30.6 millimeters Weight: 12.50 grams Composition: .900 silver.100 copper Edge: Reeded Net Weight: .36169 degree natural silver

BIBLIOGRAPHY: Breen, Walter, Walter Breen's Complete Encyclopedia of U.S.and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Lawrence, David, The Complete Guide to Barber Halves, DLRC Press,Virginia Beach, VA, 1993. Taxay, Don, The U.S. Mint and Coinage, Arco Publishing Co.,New York, 1966. Vermeule, Cornelius, Numismatic Art in America, The Belknap Press of Harvard University Press, Cambridge, MA, 1971. Yeoman, R.S., A Guide Book of United States Coins, 47th Edition, Western Publishing Co., Racine, WI, 1993.

Coin Information Provided Courtesy NGC.

Seated Liberty n With Motto Silver Dollars 1866-1873 Coin

As war clouds gathered and the residents raced impulsive near civil war, known sentiment became increasingly philosophical. In 1861, reflecting this communal mood, Secretary of the Treasury Salmon P. Chase detained leading a suggestion from a Pennsylvania minister that the Mint ought to incorporate recognition of the deity on our coins. In a letter to James Pollock, Director of the Mint, Chase wrote: "The hope of our people in God should be stated on our general coins. You will produce a crest to be ready lacking unnecessary falter with a motto expressing in the fewest and tersest terms promising this free recognition."

Almost immediately, Pollock struck a few patterns and forwarded them to Chase. In his accompanying letter, Pollock asserted that the first suggestion for this spiritual motto, "Our Trust is in God," had too many characters to fit comfortably. The Mint Director recommended "God Our Trust" since he felt it accepted the same idea and was more concise. He also chosen the motto to be placed on the back above the eagle, within a scroll or ribbon machine as artistic scenery.

Pattern half dollars and eagles square 1861 and 1862 have the lexis GOD OUR TRUST. From 1863 through 1865, additional patterns were made with GOD OUR TRUST, GOD AND OUR COUNTRY, and IN GOD WE TRUST.

It was IN GOD WE TRUST that Secretary Chase finally usual in 1864. It first appeared on the two-cent part in that year and then later the Shield nickel in 1866. Patterns dated 1865 with IN GOD WE TRUST were made of the twofold eagle, eagle, the eagle and the silver house, half buck and buck. Ultimately, the Mint Act of March 3, 1865 provided the authorization for use of the motto on the usual silver and gold issues.

The Seated Liberty bucked of 1866, alike to earlier issues except for the addition of the motto, was based on the creative devise by Christian Gobrecht, the past Chief Engraver of the Mint. First used on usual announce coins with the 1837 dime, it was practical to the buck in 1840.

The intend depicts Liberty seated on a boulder. She is property a post in her left hand topped with a liberty cap. With her right hand she supports the shelter of the union adorned with the word LIBERTY. Thirteen stars surround the cost. The converse skin an eagle with outstretched wings and the Union armor on its breast. The eagle is covetous an olive stem and three arrows. The legend UNITED STATES OF AMERICA appears in a semicircle around the eagle, and the denomination ONE DOL. Appears below. If a particular coin has a mintmark, it is soon under the eagle.

The conceive has athletic symbolism. With the use of the liberty cap, it declares autonomy. The union shielded is symbolic of the unity of the homeland. In the throes of the nastiest conflagration this country ever experienced, it was physical for the people of the mid-19th century to point to the deity for help and guidance. Placing a religious sentiment on something as intimate as a coin was the equivalent of a national prayer.

The motto has become very much a part of the American mind. This was evident when the double eagle and eagle were issued without the motto in 1907. It caused a burning public controversy, and Congress planned the motto restored in 1908.

Although "With Motto" buck mintages were small, the coins were well used by the public. The accounts for the small number of uncirculated pieces that live. Only about 3.6 million pieces were minted for circulation. The womanhood was made at the Philadelphia Mint with only two domain mints producing the With Motto variety.

Of the Carson City Mint issues of 1870, '71, '72 and '73, the 1870-CC is the easiest to locate. There are also three San Francisco issues. The 1870-S is a foremost scarcity, and the 1873-S, with a reported mintage of 700, is strange in any collection. That foliage the 1872-S as the only collectable With Motto buck from that mint. The Philadelphia issues of 1871 and 1872 are the dates most regularly seen and are popularly composed as mode examples.

There are 15 customary and eight resistant issues of the Seated Liberty With Motto Dollar. An absolute of 6,060 proofs were coined, and these hang over each meeting from 1866 through 1873.

When grading mint pomp pieces, footnote that this coin regularly comes with some parts of the outline softly struck and may have many "bag" letters and abrasions. Check the high points of Liberty's right leg and breast and the pelt above her eye for signs of erode. Seating Liberty dollars may be seen with a great glaze that can array from lightly spotty to black. Heavily toned specimens should be warily evaluated to affect whether evidence of circulation is buried underneath.

Numismatists usually collect this coin as a "form," because it is obstinate to find affordable examples of many dates in this chain. A crucial collection would have an example of the No Motto and With Motto types. One could also enter an exclusive, but obtainable, Gobrecht sample or circulation flow of 1836-1839. Nevertheless no subject which type, grade or date you own, any Seated Liberty cash is a numismatic treasure.

In February, 1873 Congress passed the Coinage Act later known as "The Crime of '73," which effectively demonetized silver and put the populace on a gold ensign. It would fuel intense meditate for the next district century. While the Act created a new trade dough for use in import with the Far East, it abolished the even issue silver dollar, along with the two-cent example, the silver trime and the the dime. The standard silvered dollar would not gain awaiting 1878, when it reappeared with a new design named for its initiator, Chief Engraver George T. Morgan.

SPECIFICATIONS:

Diameter: 38.1 millimeters Weight: 26.73 grams Composition: .900 silver.100 copper Edge: Reeded Net Weight: .77344 oz pure silver

BIBLIOGRAPHY: American Numismatic Association, Selections from The Numismatist: United States Paper Money, Tokens, Medals and Miscellaneous, Whitman Publishing Company, Racine, WI, 1960. Bowers, Q. David, Silver Dollars & Trade Dollars of the United States, A Complete Encyclopedia, Bowers and Merena, Wolfeboro, NH, 1993. Judd, J. Hewitt M.D., United States Pattern, Experimental and Trial Pieces, 7th Edition, A. Kosoff, Western Publishing Co., Racine, WI, 1982. White, Weimar W. The Liberty Seated Dollar 1840-1873, Sanford J. Durst, Long Island City, 1985. Yeoman, R.S., A Guide Book of United States Coins, 47th Edition, Western Publishing Co., Racine, WI, 1993.

Coin Information Provided Courtesy NGC.

Draped Bust n Small Eagle Silver Dollars 1795-1798 Coin Guide

A precocious country during its shaping being, the United States grew swiftly in volume and eminence throughout its first the century as an independent populace. It didn't access adulthood almost as cleansing, however, as the image of Miss Liberty on U. S. Silver change.

When Liberty first appeared on the land's silver coins in 1794 she was childish and chirpy, with her curls flowing freely behind her. Focusing on that mark, collectors submit to these coins as the Flowing Hair class. Nevertheless it didn't take long for this ingenious- looking maiden to make the bursting flower of adulthood: The very next year a new sketch showed her, in the language of currency critic Cornelius Vermeule, as "a buxom Roman matron" having long, elegant fleece neatly together back with a ribbon and a bow and ample cleavage obvious above a fold of drapery.

This rotund-figured portrayal has come to be known as the Draped Bust invent, and it holds a significant distinction: It appears on the facade of the 1804 silver dough, one of the most notorious and most important U.S. coin rarities.

For a time, the Draped Bust likeness graced all five silver coins then being issued: the dough, half cash, quarter, dime and the dime. The money got the spring on all the others, however, receiving this fabricate partway through production in 1795. It didn't make its debut on the other four coins pending 1796.

Selection of the cash as the new originate's first cabinet underscored the dominance of that coin. The dough was the cornerstone of the financial routine devised by the Founding Fathers, and the one-money coin was not only the prime silver number but, in the survey of officials overseeing the Mint, the most prestigious as well as most important. They had made that earn in 1794 when they chose to have dollars struck before something also at the outset of silver penny, only then giving the go-onward for the minor silver pieces.

Replacement of the midstream-lived Flowing Hair project coincided with a change in leadership at the Mint. David Rittenhouse resigned as the Mint's first director at the end of June 1795, and his successor, Henry William DeSaussure, set out at once to recover the designs of all the denominations, particularly those struck in silver.

Possibly at the urging of President George Washington, DeSaussure engaged portraitist Gilbert Stuart to devise a new target for the silver coins. Stuart organized a diagram of the Draped Bust celebrity, reportedly basing the likeness on Philadelphia socialite Ann Willing Bingham, said to be the most stunning lady of her time. This sketch was translated to plaster by dancer John Eckstein of Providence, Rhode Island, and mint executed the dies Chief Engraver Robert Scot.

Though the Flowing Hair picture of Liberty was retired, the Mint kept the back essentially the same. It skinned a small, naturalistic eagle encircled by a wreath, with UNITED STATES OF AMERICA adorned around the border. On the Draped Bust penny, this "Small Eagle" reversal does bare fine refinements: The eagle seems more lissom, for example, and it's balanced ahead a cloud instead of an astound (as had been the instance on the Flowing Hair money). In addition, the wreath has been adapted: The before laurel brushwood have given way to kindling of palm and emerald. LIBERTY and the court are the only inscriptions on the face. Lettering on the perimeter proclaims the receipt of cost: HUNDRED CENTS ONE DOLLAR OR UNIT, with decorations separating the words.

The intact first-year production of Draped Bust silver dollars took place in the last two weeks of October, 1795 and totaled a modest 42,738 pieces. That's barely one-fourth the mintage of 1795 Flowing Hair dollars; some 160,000 of those had been struck formerly. Nonetheless, both types historically have commanded comparable premiums. The Flowing Hair money profited from it's varied grab as a mode coin: That sequence was made for only two being, and the 1794 is a chief find, so the 1795 is the only realistic decision for most buyers.

The Draped Bust/Small Eagle dough didn't last much longer. It remained in production for only four being, from 1795 to 1798, before the small eagle was replaced by a large, heraldic eagle. The Draped Bust studied retained its blackhead on the facade awaiting production of dollars was perched in 1804 because of onerous melting. When dollar coinage resumed in 1836, the facade weary a new Seated Liberty portrait.

Only about 450,000 Draped Bust/Small Eagle dollars were issued in the four living mutual, virtually three fourths of them in 1798. Noting scholar Walter Breen estimated that just 3 percent survive. The low crux came in 1797, when a meager 7,776 were bent. The rarest array is the 1797 dollar with 9 stars to Liberty's left, 7 to her right and small script in the quash legend. The low production facts are understandable, given the truth that during the 1790s a dollar represented a full day's pay for some Americans-and a living wage, at that.

Although the string is small, Draped Bust/Small Eagle dollars come in more than a dozen foremost varieties. Some of these distinctions are based on the dimension of the date and the inscriptions. Most of the varieties, however, are fixed to the number of stars on the frontage and the way they are agreed. There were 15 stars in the first two years, representing the number of states in the Union at the time. With Tennessee's admission, the number rose to 16 in 1797. Then, in 1798, it dropped back to 15 (apparently because old dies were being used) before finish up at 13 for the 13 primary colonies.

The collecting of this string by varieties took a major leap forward with the publication in 1950 of a citation book by Milford H. Bolender. Using his own specialized collection of these coins as a foundation, Bolender described and illustrated each category known to him. After vacant through some editions, his book was extensively revised by Jules Reiver in 1998. Another note by Q. David Bowers, with the assistance of Mark Borckardt, was published in 1993, correcting and updating the Bolender book and assigning a new numbering structure. Thus, the varieties of these dollars are identified by both Bolender (B) figures or Bowers/ Borckardt (BB) facts.

Dollars of this capture are scarce and vastly collectible even in lesser circulated grades and are atypical in mint proviso. Points to buttress for grind are the hair above Liberty's temple and the emblem of the eagle's breast.

Although the series is abruptly, it is commonly serene by brand only because each component is so scarce. Proofs of these coins weren't struck, but a few presentation pieces spectacle prooflike surfaces.

SPECIFICATIONS:

Diameter: 39-40 millimeters Weight: 26.96 grams Composition: .8924 silver.1076 copper Edge: Lettered Net Weight: .77344 ounce downright silver

BIBLIOGRAPHY: Bowers, Q. David, Silver Dollars & Trade Dollars of the United States, A Complete Encyclopedia, Bowers & Merena, Wolfeboro, NH, 1993. Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Reiver, Jules, The United States Early Silver Dollars 1794 to 1804, Krause Publications, Iola, WI, 1998. Taxay, Don, The U.S. Mint and Coinage, Arco Publishing Co. Inc., New York, 1966. Yeoman, R.S., A Guide Book of United States Coins, 47th Edition, Western Publishing Co., Racine, WI, 1993.

Coin Information Provided Courtesy NGC.

Walking Liberty Half Dollars 1916-1947

Thomas Woodrow Wilson barely won re-choice as 28th president of the United States, campaigning on the slogan, "He kept us out of war!" Within a few months, American troops would be route for Europe after all. Mack Sennett's Keystone Kops were making millions laugh in the state's film houses, while New York's Wally Pipp home-run ruler in baseball's American League.

The year was 1916, and America was a realm in ferment. It was a time of transition: from steed and pram to horseless carriage ... Farms to cities ... Domestic tranquility to alien entanglement ... Concord to war.

Major changes were taking place in United States money, too. Within the earlier decade, exciting new designs had debuted on six different U.S. coins, supplanting the quiet, dull 19th-century portraits that preceded them. And now, in 1916, three more old-smartness coins-the Barber silver coins-course for the sidelines as well.

Outside artists not on the wand of the U.S. Mint had furnished new designs for the six preceding changes, and Mint Director Robert W. Woolley showed his satisfaction by open scarce again. In 1915, he invited three noted sculptors-Hermon A. MacNeil, Albin Polasek and Adolph A. Weinman, all New York City-to prime designs for the three silver coins, apparently with the intention of awarding a different coin to each artist. The Mint may not have intended it this way, but Weinman useless up receiving two of the three coins, the dime and half cash, with MacNeil receiving the area and Polasek being closed out. It's hard to picture how Polasek or somebody moreover could have improved on the charming entries, although, for all three of the new coins-the Mercury dime, Standing Liberty area and Walking Liberty half money-are magnificent money artworks.

A.A. Weinman was born in Germany but came to the United States at the age of ten in 1880. He honed his skills as a student of the infamous Augustus Saint-Gaudens and, by 1915, he was commonly acclaimed as one of the homeland's finest sculptors.

For the frontage of his intention, Weinman chose a gorged-span numeral of Liberty striding near the dawning of a new day, clad in the Stars and Stripes and hauling twigs of laurel and oak symbolizing civil and military glory. The switch depicts an imposing eagle balanced on a mountain cliff, wings stretched in a pose suggesting right, with a sprout of mountain pine-symbolic of America springing from a schism in the swing. These brightly partisan themes resonated wholly across a state then preparing to record World War I, ironically against the land of Weinman's birth. Weinman placed his initials (AW) speedily under the eagle's tailfeathers.

Unlike the other two Barber coins, the Barber half buck wasn't bent in 1916. Even so, the Mint delayed release of the new Walking Liberty coin pending tardy November. It drew abrupt praise. The New York Sun, for example, pronounced it a "lively" coin, typifying "jostle," while the Boston Herald said it had a "brazen look on its face."

First-year coins from the turn mints in Denver and San Francisco take the "D" or "S" mintmark on the frontage, below IN GOD WE TRUST, as do some pieces minted the next year. Partway through production in 1917, the mintmarks' spot was motivated to the decrease left of the setback, just below the sapling, and that's where it remained pending the cycle defunct in 1947.

Over 485 million Walking Liberty halves were made between 1916 and 1947, but they were issued only sporadically during the 1920s and early '30s, nothing being minted in 1922, 1924-26 and 1930-32. These coins with substantial selling capacity, enough to buy a mooch of bread, a quart of milk and a dozen eggs in the early '30s, so it didn't take titanic quantities to stop Americans' wishes, especially after the Wall Street breakdown plunged the nation into the Great Depression.

Mintages were particularly low in 1921, and the P, D and S half dollars from that year all rank among the chief keys of the sequence. Other scarce issues contain the 1916, 1916-S, 1917-D and S (with the mintmarks on the facade) and 1938-D. Brilliant proofs were minted from 1936 to 1942, adding 74,400 pieces, and a very few satin-polish proofs were struck in 1916 and '17.

"Walkers," as they're frequently called, are large, precious-metal coins with a, much-admired goal. As a result, they presume great allure not only for traditional hobbyists but also for non-collectors. Many subsist in grades up to Mint State-65. Even above that reading, significant figures live for certain dates, particularly the later existence. Most dates, however, come weakly struck, particularly on Liberty's left hand and leg, supervise and skirt outline and on the eagle's breast and leg down. Sharply struck coins often mandate substantial premiums. In an effort to expand the salient characteristics of the figure, chief Engraver George made some lesser modifications T. Morgan in 1918 and again by Assistant Engraver John R. Sinnock in 1937 and 1938. None of the revisions seemed to help, as even later issues are often weak in the principal parts of the motif. Places to stop for carry compose Liberty's regulate, breast, arms and left leg and the breast, leg and forward wing of the eagle.

A stuffed set consists of 65 different time-and-mint combinations but is attempted and completed by many collectors. Although Walkers were not saved in any extent by the shared, particularly in the Depression living, professional numismatists like Wayte Raymond and others put away many early rolls during the '30s. Uncirculated specimens of certain dates in the 1910s and '20s are possibly only vacant today due to the insight of these astute dealers. Later-date Walkers also have a strong following: many collectors assemble "sharp sets" from 1934 to 1947 or 1941 to '47. Type collectors just obtain a distinct, high-grade example.

The Franklin the dollar succeeded the Walker in 1948. Nevertheless 38 years later, in 1986, Uncle Sam dusted off the Weinman create for the obverse of the one-degree American Eagle silver gold coin, which has been minted annually ever since.

SPECIFICATIONS:

Diameter: 30.6 millimeters Weight: 12.50 grams Composition: .900 silver.100 copper Edge: Reeded Net Weight: .36169 little untainted silver

BIBLIOGRAPHY: Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Fox, Bruce, The Complete Guide To Walking Liberty Half Dollars, DLRC Press, Virginia Beach, VA, 1993. Taxay, Don, The U.S. Mint and Coinage, Arco Publishing Co., New York, 1966. Vermeule, Cornelius, Numismatic Art in America, The Belknap Press of Harvard University Press, Cambridge, MA, 1971. Yeoman, R.S., A Guide Book of United States Coins, 47th Edition. Western Publishing Co., Racine, WI, 1993.

Coin Information Provided Courtesy NGC.

Seated Liberty/No Motto Silver Dollars 1840-1873

The year was 1840. Martin Van Buren was completing a Presidential word ruined by terrible financial depression. This era, called the Hard Times, resulted from time of reckless Western land speculation and the evolution of unregulated banks issuing a flood of unsecured paper money. The prolonged depression ravished America's agriculture and trade and saw hundreds of thousands starving and unemployed.

Inheriting from President Andrew Jackson was the Van Buren Administration's loyalty in "hard money"- silver and gold-as the only unfailing warehouse of assess in compare to shaky thanks and worthless paper money. Expressing this hard money outlook, the Mint strove from 1836 to start a new circulating silver cash. No cash coin had appeared for circulation since 1804, when the last of the 1803-square Draped Bust dollars were released.

Mint Director Robert Maskell Patterson viewed the new money as the pinnacle of America's silver penny. After all, it was a fortunate worker who made even four dollars for a workweek of 76 to 80 hours of unremitting slog in this harsh era. A silver bucked was indeed a keep of wealth to millions of impoverished running-classify Americans.

An admirer of the seated Britannia on British copper penny, Patterson supposed that a seated female character would be just as "emblematic of liberty" as the heads and busts adorning the residents's money. He engaged the great study musician Thomas Sully to make sketching for his seated Liberty. Sully floating her on a sway in Grecian robes, left arm supporting a Union guard with a scroll adorned LIBERTY. Her right arm was raised and detained a staff topped with a small Liberty Cap. The Mint's assistant engraver, Christian Gobrecht, adapted the Sully sketches to bas-relief art fitting for money. The effect was the Seated Liberty create worn at one time or another on half dimes, dimes, 20-cent pieces, quarters, half dollars and dollars from 1836 through 1891.

As reworked by Gobrecht and Robert Ball Hughes, Liberty emerged with a rounded president and her dangling right arm appearing immensely long, her left patently shorter. Pattern obverses of 1836 and 1839 showed no frontage stars but placed the musician's signature in the turf or on the base. Gobrecht's novel reverses of 1836-1839 open a magnificent snatched eagle in a shining or patent sky. Unfortunately, the "No Motto" silver money of 1840-1865 deleted the innovative flying eagle, substituting the unimaginative but relaxed "sandwich lodge" bird with dropped wings and a safeguard on its breast. Liberty had no artist's signature and sat coyly in a crowd of 13 stars with the court placed below. The coins of 1840-65 do not have the motto IN GOD WE TRUST on the converse.

Mintages were commonly small by recent standards, adding only 2,895,673 coins for the cycle. The Philadelphia Minted (no mintmark) struck all dates from 1840 to 1865 inclusive; New Orleans (O), struck dollars square 1846, 1850, 1859 and 1860; the San Francisco Mint (S), struck this category money only in 1859. Mintmarks are located under the lime sphere, between the eagle's feet on the rearrange.

Tiny figures of proofs were struck of most early Philadelphia dates, but they are of great shortage. Numbers struck are not known with certainty and are gone from general handbook books. Proofs were first made for public selling in 1858 when perhaps 80 pieces were struck; later resistant mintages never exceeded 1,000 excluding for 1860, when 1,330 pieces were coined. Proof restrikes were made of the 1851 and 1852 coins. The last No Motto meeting was 1865, with 46,500 company strikes and 500 proofs made. Two 1866-dated No Motto coins are known, but these "fantasy pieces" were made somewhat later for auction to wealthy collectors. In recent years, the reality of a sole resilient 1851-O specimen has come to light, however researchers postulate that this was accidentally made by the Philadelphia "Midnight Minters," (possibly engraver George Eckfeldt and his son, Mint night watchman Theodore). In their swiftness clandestinely to sell the popular 1851 arise, they overstruck a vacant New Orleans Mint cash, the crushed 'O' mintmark still being quietly visible.

Seated dollars never circulated to any great point in the East, although facts were in daily use west of the Mississippi. The Civil War advanced restricted their circulation as the numbers of subject strikes and proofs struck contracted sharply. Bullion buyers snapped up most new silver coins for export as firmly as they were made. These coins were shipped overseas for melting, and the only U.S. Mint result most citizens saw were the new figurine cents. Coin collectors derided the Mint as "Uncle Sam's copperhead factory."

These large silver coins had some odd striking characteristics. The actual view of Liberty's lead may basis feeble detail even on perfect specimens. The fluff on the eagle's leg and the claws may also show mark of weak beat. Wear first appears on Liberty's thigh, right breast and the top of her precede. The tops of the eagle's wings chart. Because of their size and mass, uncirculated coins stored in Mint bags will show scattered link symbols. Proofs regularly are hairlined from the careless conduct of early non-numismatic owners or will show evidence of cleaning by old-time collectors.

Seating Liberty dollars have gained popularity with the utter antenna kinship since the 1970's, when the great U.S. Treasury reserve of silver dollars was liquidated, though few of them early type were found. To collectors more easy with Morgan and Peace dollars issued in the tens of millions, these formerly coins may appear scarce and vague, and indeed they are. Only a small marginal of all Seated Liberty dollars struck remain in existence today. Researcher Weimar W. White estimated that just a division continue-even in low grades.

Assembling an extensive date and mint set in reduce circulated grades is within reason, given patience and perseverance. A total set in mint kingdom will be costly, especially for examples of the 1850-O, 1851, 1852 and 1859-S. A complete run of proofs is a theoretically viable goal but one which will be unrealistic for any but the best-financed antenna.

The Seated Liberty series endless from 1866 to 1873 with the transpose motto IN GOD WE TRUST. The coinage acted of Feb. 12, 1873 ended the silver buck and abolished the official tender condition of all silver dollars struck from 1794 to 1873. This is the law later savagely denounced by the vocal partisans of released and unlimited coinage of silver as the "Crime of '73." Legal tender category was restored to the colors silver dollar under the Bland-Allison Act of 1878, which prompted the coining of millions of Morgan Dollars.

SPECIFICATIONS:

Diameter: 38.1 millimeters Weight: 26.73 grams Composition: .900 silver.100 copper Edge: Reeded Net Weight: .77344 oz untainted silver

BIBLIOGRAPHY Alexander, David T. DeLorey, Thomas K. And Reed, P. Bradley, Coin World Comprehensive Catalog & Encyclopedia of United States Coins, New York, World Almanac-Pharos Books, 1990. Bowers, Q. David, Silver Dollars and Trade Dollars of the United States, Bowers & Merena Galleries, Wolfeboro, NH, 1993. Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Vermeule, Cornelius, Numismatic Art in America, The Belknap Press of Harvard University Press, Cambridge, MA, 1971. White, Weimar W. The Liberty Seated Dollar 1840-1873, New York, Sanford J. Durst, 1985.

Coin Information Provided Courtesy NGC.

Saint-Gaudens Low-Relief Double Eagles 1907-33

Uniting States change has never been more scenic than it was in the early days of the 20th century. The Buffalo nickel . . . The Mercury dime . . . The Standing Liberty sector . . . The Walking Liberty half buck-these were among the aesthetically stunning coins that made their first appearance and circulated feature by face during that stop.

Fittingly, however, the centerpiece of this "blond age" wasn't a nickel or silver coin, but one made out of gold. The Saint-Gaudens lookalike eagle, or $20 gold example, stands above the place as the song most magnificent coin of this-or any-era in U.S. chronicle.

As the 1900s dawned, Augustus Saint-Gaudens was a towering build in the sphere of American flimsy arts. Widely acclaimed as the affirm's preeminent sculptor, he was also a man of fluency and influence who dominated the art world of his day not only by example but also through the problem of vigor and persuasion.

His brilliance and notoriety brought him to the interest of President Theodore Roosevelt, and the two men developed a convivial relationship that was at once both delicate and professional. In 1905, Saint- Gaudens planned a princely opening medal for the leader. Pleasing and impressed, Roosevelt then invited him to approach prospective new designs for the two chief U.S. gold coins, the bend eagle and eagle, and for a one-cent member (which never reached production). Saint-Gaudens welcomed the challenge and plunged into the task with all his prodigious energy and dexterity.

Both men admired the high-relief money of earliest Greece, and both decided that U.S. gold coins ornate after that sculpt would be a spectacular achievement. They would also pause in bare differ to the two undistinguished-looking coins that were being replaced, the Liberty lookalike eagle and the Coronet eagle, both of which had their roots in the first half of the 19th century.

Although his shape was deteriorating as the work went along, Saint-Gaudens created superb designs for both gold coins. The clone eagle, especially, is a masterpiece. Its frontage skin a chubby-chunk study of Liberty with a torch in her right hand and an emerald split in her left. She is exposed in achieve tramp with waves of sunlight behind her and the U.S. Capitol Building to the left of her flowing gown. Encircling her are 46 stars-one for each confusion in the Union at that time. The coin's overturn depicts a breathtaking eagle in departure, with the sun below extending its energy upward. Above the eagle, in two semicircular tiers, are the inscriptions UNITED STATES OF AMERICA and TWENTY DOLLARS. High points to bill for clothing are Liberty's breast and knee and the eagle's wing.

Saint-Gaudens located another necessary motto, E PLURIBUS UNUM, along the tiptoe of the coin, hence sinking the cover on the facade and swap and reinforcing their orderly, open look. He and Roosevelt conspired to forget IN GOD WE TRUST from the first of the new expand eagles, but God-fearing members of Congress noticed this and mandated addition of this motto on later issues, starting near the end of 1908. On pieces shaped thereafter, it appears above the sun on the switch.

Roosevelt and Saint-Gaudens intended that the coin would be struck in high relief to beget out each stabbing specify. Unfortunately, however, the singer died in 1907, almost on the eve of the coin's debut. Meanwhile, Roosevelt was preoccupied with more burning matters of state. All this, mutual with the requirements of stack-shaped coinage, gave Mint Chief Engraver Charles E. Barber an option and a tolerate to drop the coin's relief. High-race minting mandatory this, he said-and what's more, high-relief coins wouldn't stack.

Fortunately, the beauty of the coin relics dazzling, even in poorer relief. And thankfully, Saint-Gaudens' unusual art was preserved in its pristine beauty through the minting of small records of really high-relief patterns and high-relief corporate strikes in 1907-or pretty MCMVII, for the year was shown on these coins in Roman numerals.

The first production pieces were made with high relief. Nevertheless after unusual just 11,250, Mint officials substituted new dies with the bespoke, lower relief, and these remained in use through the end of the cycle. As if to underscore the modify from the classical to the commercial, the Mint worn Arabic numbers in dating all summary-relief dual eagles.

"Saints" were minted each year from 1907 through 1916. A three-year interval followed, after which the coins were struck yearly from 1920 through 1933. The part mints in Denver and San Francisco augmented the focal Philadelphia Mint production, but not in every year. Mint letters exist above the meeting the designer's initials (ASG) below.

From 1929 onward, newly minted examples were seized almost entirely as part of the homeland's gold coffers, with the being free into circulation. Almost all these were melted (along with the prior fold eagles) following the gold withdraw order signed in 1933 by another President Roosevelt-Theodore's cousin, Franklin. As a significance, twin eagles square 1929 through 1932 are exceedingly juicy nowadays. The Mint created nearly half a million pieces dated 1933, but the government maintains that these were never free, and, hence it is banned to own them. That was the end of accepted-emanate U. S. Gold coinage.

Mintages were normally modest, but minder melting, not low mintage, was primarily responsible for concept of the chief rarities, with the 1927-D, the 1920-S, the 1921, the 1930-S and the 1932. The survival of many of these dates is predominately due to the large capacity for gold coins held in Swiss and French invest vaults. Since the 50s, tens of thousands of "Saints" have found their way back to their country of beginning and into collectors' hands. Proofs are very rare as only 687 were untaken for sale from 1908 through 1915. They were made with an utterly dull surface excepting for 1909 and 1910 when they were made with a more brilliant Roman or satin determine. This large gold coined is actively hunted by a host of collectors: from gold hoarders to letters collectors to those challenged by the awesome (and costly) undertaking of assembling a complete date and mintmark set.

In 1986, the U.S. Treasury rewarded the "Saint" the utmost complement by placing its obverse sketch on the American Eagle gold bullion coins, where it has remained ever since.

SPECIFICATIONS:

Diameter: 34 millimeters Weight: 33.436 grams Composition: .900 gold.100 copper Edge: Lettered E PLURIBUS UNUM Net Weight: .96750 scrap downright gold

BIBLIOGRAPHY: Akers, David W. A Handbook of 20th-Century United States Gold Coins 1907-1933, Bowers & Merena Galleries, Wolfeboro, NH, 1988. Bowers, Q. David, United States Gold Coins, An Illustrated History, Bowers & Ruddy, Los Angeles, 1982. Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Dryfhout, John H. The Works of Augustus Saint-Gaudens, University Press of New England, Hanover, NH, 1982. Taxay, Don, The U.S. Mint and Coinage, Arco Publishing Co. Inc., New York, 1966. Vermeule, Cornelius, Numismatic Art in America, The Belknap Press of Harvard University Press, Cambridge, MA, 1971.

Coin Information Provided Courtesy NGC.

Draped Bust - Heraldic Eagle Silver Dollars 1798-1804

Throughout the 1790s heads repeated to cylinder off the guillotines of France as that country struggled to insist the democratic principles it had first espoused in 1789. Some Americans watched nervously from across the Atlantic and wondered if the violence of the mob would division to this country. Nevertheless America's democratic principles were tightly established, as it had already undergone the subject pain of revolution, war and two changes of government since 1776. By 1798 democracy in America start to come of age.

This adulthood of the United States was evident in the belated 1790s not only by America's refusal to be pulled into the war between England and France; it can also be seen in the changes in the people's corps of currency, the buck. The intention modifications of 1798 were actually stranded in events that began three being before. When a new and improved coin plead inwards at the Mint in Philadelphia in the mechanism of 1795, it made improvements doable both in the mass of coins formed as well as their worth. The new squash was able to right stamp out the large sized buck coins and enter all the object niceties in the dead invention.

The Draped Bust prominent actor intended money obverse Gilbert Stuart in an effort to elate U.S. change designs to "world brand" eminence. This purpose distinct a growing of the "immature" Liberty of the preceding Flowing Hair plan to a more "matronly" idea of the emblematic national emblem. In 1798 the childish hatchling eagle seen on the hitch of the past cash was replaced with an elder and more naturalistic eagle, one that was more in trust with heraldic iconography. One control in the iconography of the Heraldic Eagle overturn, though, was in the position of the arrows in the eagle's right scrape-the more moral residency in heraldry-leaving the lime stem in the left or fewer moral claw. This more military placement of the arrows was frequent on all heraldic eagle coins of the epoch.

During the six existence that Draped Bust Heraldic Eagle dollars were struck 1,153,709 coins were formed, all in the Philadelphia mint. There are dozens of die varieties, most involving only a jiffy difference in the placement of the stars, numerals, lettering or other construct rudiments.

Nevertheless there are some important shape changes in the sequence that are of gain to an expansive reach of collectors. On 1798 dollars there are two different patterns of stars on the back above the eagle's beginning. The former configuration, known as the "intersect archetype" was a modification of The Great Seal of the United States, with the stars arranged in two triangular groups of six tied by a specific star in the inside. The later mean was much simpler. Knowing as the "arc example," it had two analogy rows of stars: the top row had six, the flash row five stars, followed by one star on moreover piece of the eagle's cranium. No one knows precisely why the star patterns were tainted, but the past "cross pattern" configuration is commonly the scarcer of the two.

An interesting flounder occurred in the converse stars in 1799. An effective die was twisted that had 15 stars, somewhat than the vital 13. The mistake was discovered before any coins were struck, and somewhat than discard the die, the clouds were enlarged over the offending stars, cover all but the tips of the luxury star points. In 1800 a die was cut that had a luxury letter An at the end of AMERICA. The luxury lettered was polished away, but only the right portion of the letter was effaced, leaving what appears to be a letter I, hence creating the well-known AMERICAI range.

One of the most famed coins ever struck is considered a part of the Draped Bust chain-the 1804 dough. While the Mint struck dollars in 1804, all were created from leftover dies square 1802 and 1803, and no dollars were struck with the meeting 1804. However, thirty existence later when some presentation sets of U.S. coins were needed for diplomatic gifts, the Draped Bust drawing was resurrected and square 1804, as that was the last year the cash coin had been struck. These were the so-called "creative" or Class I 1804 dollars. The Class II and Class III 1804 "restrikes" were fashioned in the tardy 1850s for prominent collectors of the day. Only 15 specimens are known of all three types.

No dutiful proofs are known from this string but, as with the 1804 money, Mint officials were only too thrilled to oblige collectors in later existence. Sometime between 1836 and the dead 1850s recent looking resilient dollars appeared with the dates 1801, 1802 and 1803. These fantasy pieces are kindly valued by collectors.

Grading Draped Bust dollars can be a challenge. Certain die varieties are forever weak on the stars above the eagle's head because of die crash. Other varieties will show occasional areas of weakness due to die breakage. In high grades, signs of friction begin to show on the premier points of the locks above the brow and along the shoulder and bust line of Liberty. On the transpose, show first shows on the clouds, then the eagle's breast fluff. On dimly or irregularly struck coins, these intention facts may not be copious brought up. Counterfeits are known, and several justly illusory pieces dated 1799 surfaced in the early 1980s. These coins all have universal characteristics and parade dull, comatose surfaces. Authentication of any questionable Draped Bust dollar is amply recommended.

In decrease grades Draped Bust dollars are generally serene by die form specialists. Coins in XF and better situation are commonly required out by those who gather by date and major category. For mode purposes, most collectors want a lone, high grade, snag-liberated example of a common, well produced form. Such coins are totally obscure nowadays and usually pass a substantial premium when untaken.

After 1800 silver dollars began to recede from circulation. Many U.S. dollars were shipped overseas or melted for their high intrinsic value. Dollar production clogged all together in 1804, and the next generation did not have a current circulating dollar coin pending a direct artistic renaissance came to the Mint in 1836, led by Christian Gobrecht. Over the two centuries since their manufacture, the fleeting-lived string of Draped Bust dollars has continued to be one of the most widely collected in U.S. money.

SPECIFICATIONS:

Diameter: 39 to 40 millimeters Weight: 26.96 grams Composition: .8924 silver.1076 copper Edge: Lettered Net Weight: .77344 little natural silver

BIBLIOGRAPHY: American Numismatic Society, America's Silver Coinage, 1794-1891, American Numismatic Society, New York, 1987. Bowers, Q. David, Silver Dollars and Trade Dollars of the United States, A Complete Encyclopedia, Bowers and Merena Galleries, Wolfeboro, NH, 1993. Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Highfill, John W. The Comprehensive U.S. Silver Dollar Encyclopedia, Highfill Press, Inc., Broken Arrow, OK, 1992. Hilt, Robert P. Die Varieties of Early United States Coins, RTS Publishing Company, Omaha, NE, 1980. Reiver, Jules, The United States Early Silver Dollars 1794 to 1804, Krause Publications, Iola, WI, 1998.

Coin Information Provided Courtesy NGC.

Gobrecht Dollars 1836-1839

The United States Mint had ceased beautiful silver dollars in 1804. Although the denomination was the "flagship" fiscal part in U.S. money, exigency for it came generally from bullion depositors, and few buck coins circulated in the beginning of the 19th century. Much of each year's mintage was each melted domestically or exported.

By the 1820s and '30s however, two successive Mint directors, Samuel Moore and Robert M. Patterson, had advocated bracing cash currency. Although Moore obtained authorization to do so in 1831, it wasn't pending Patterson replaced him in 1835 the preparations finally got under way. Not since the 1792 half dismes were struck had so many Mint and other government officials extensive such an intense notice in the production of a new coin.

Mint Director Patterson, ambitious to make an artistic account, hired actor Thomas Sully to make sketching of a full notable of Liberty-along the outline of the allegorical stature Britannia seen on English coins. Patterson retained imminent artist Titian Peale to make the eagle for the riddle and instructed newly hired Second Engraver Christian Gobrecht to transmute the designs to metal. Gobrecht's blueprint was a composite of both Peale's and Sully's mechanism, as well as his own ideas. It was a masterful work and usual close acclaim. President Jackson and his Cabinet reviewed Gobrecht's sketches on October 17, 1835 and were well impressed.

The final blueprinted featured the reckon of Liberty seated on a sway, draped in a diverse-descent gown-suggesting statuary from Hellenistic Greece. She is looking over her right shoulder, her right arm supporting the Union protect. Her left arm holds a long baton with a Liberty cap on top. The undamaged middle badge stands abandoned on the frontage with no stars or lettered campaign, only the meeting below, giving the coin a medallic eminence, with Liberty a secluded, cameo body. A naturalistic eagle in departure adorns the transpose, the bird rising "onward and upward" as Patterson planned, a thinking planned to embody the abundant optimism the Americans had for the people's impending. The eagle flies amid a grassland of 26 large and small stars, representing the thirteen novel states and the thirteen admitted to the Union since 1789 (expecting Michigan's entry).

By November, 1836 all was arranged for check strikings in silver. A small number (presumably 18 pieces) of the new dollars were distributed in Philadelphia. Reaction was almost universally positive, with one exception. Patterson had planned Gobrecht to place his name on the new coin. He did so by inscribing C. GOBRECHT F. In small print in the pasture beneath the personage of Liberty-the 'F.' fixed for FECIT, Latin for "He made it." Gobrecht was criticized as a "conceited German" and vilified in the home plead. Patterson solved the problem by having Gobrecht move his name to the pedestal of the figure of Liberty, obvious only if one looks warily at the coin. The eighteen or so pieces struck with his name below the immoral are considered patterns and are very erratic.

Regular production of Gobrecht dollars began sometime in December of 1836. The 1,000 accepted stock dollars of 1836 were struck at the old 1792 standard delicacy of .8924. The same time was used for the 600 coins minted in March, 1837, but these pieces were created from planchets .900 subtle-as authorized by the Mint Act of 1837. So close in import, the two issues are clearly differentiated by alignment: the 1837 dollars have a medallic alignment-the face and overturn are aligned on a vertical axis, while the 1836 coins have a horizontal, or coin, alignment. All inventive dollars square 1836 will show the eagle snatched "onward and upward," while the restrikes made in the 1850s and '60s will have the eagle airborne horizontally. The about 25 coins made in 1838 are considered to be patterns, with thirteen stars around the margin of the facade replacing the stars on the converse fields. Only 300 dollars were struck in 1839 with Gobrecht's shape, and all were proposed for circulation. These coins, like the 1838 patterns, have reeded edges.

Throughout the 19th century Gobrecht dollars were very accepted with collectors. In the deceased 1850s, require far exceeded the offered supply. Mint Director James Ross Snowden, desirous of expanding the Mint's collection of coins during his term, decisive to take benefit of this setting. Funds were not unfilled for outright grasp of coins, so Snowden used Mint dies to generate numismatic curiosities such as the Class II and Class III 1804 dollars, "transitional" half dimes and dimes, and Gobrecht dough restrikes. He would then trade these restrikes and fantasy coins to confine collectors for unusual coins wanting in the Mint collection. These restrikes were made from 1858 through the summer of 1860 and again in 1867-68. Actual numbers made are strange, but it is estimated that the totality number of restrikes may exceed the first mintage.

All Gobrecht dollars were struck in the Philadel-phia Mint and have a resistant face, even the accepted circulation issues of 1836 and 1837. This is a single phenomenon in U.S. numismatics-the only series of coins intended for circulation struck as proofs. Counterfeits are near unknown, perhaps because of the proof surface, which is very hard to duplicate. The propose first begins to show friction on Liberty's knees and breasts and on the highpoint of the eagle's breast on the undo.

Traditionally given the class of usual gush coins, Gobrecht dollars are actively pursued by class collectors. The most normally encountered emerge is the ugly skirt 1836-dated restrike with name on establish and twinkling reorder. These restrikes compose more than two thirds of the Gobrecht dollars offered at sale in topical years, and they exist in an eclectic stretch of grades from heavily circulated to gem rider. Date collectors occasionally crack completion of a three-instance set of coins with the dates 1836, 1838 and 1839, but very few collectors undertake the challenge of a complete set of Gobrechts. Such a set would be virtually impossible to assemble because of the several face/setback mulings made by Mint Director Snowden in the deceased 1850s.

Beginning in 1837 Gobrecht's Seated Liberty pattern was adopted on all U.S. silver coins from the dime through buck. The hitch with its naturalistic eagle was dropped for the part, half dough and dough denominations in favor of a revision of John Reich's heraldic eagle of 1807. The facade intention, only faintly modified from Gobrecht's unusual concept, was used on the buck awaiting 1873.

SPECIFICATIONS:

Diameter: 39 millimeters Weight: 1836 Original: 26.96 grams Others: 26.73 grams Composition: 1836 Originial: .8924 silver.1076 copper Others: .900 silver.100 copper Edge: 1836 Plain; 1838-39 Reeded Net Weight: 1836 Original: .77351 scrap untainted silver Others: .77344 ounce untainted silver

BIBLIOGRAPHY: Bowers, Q. David, Silver Dollars and Trade Dollars of the United States, Bowers and Merena Galleries, Wolfeboro, NH, 1993. Bowers, Q. David, The History of United States Coinage As Illustrated by the Garrett Collection, Bowers and Merena Galleries, Wolfeboro, NH, 1979. Breen, Walter, Walter Breen's Complete Encylopedia of U.S. and Colonial Coins, F.C.I./Doubleday, New York, 1988. Julian, Robert. W. "The Gobrecht Dollars of 1836-1838," Legacy Magazine, November-December, 1988. Pollock, Andrew W. United States Patterns and Related Issues, Bowers and Merena Galleries, Wolfeboro, NH, 1994.

Coin Information Provided Courtesy NGC.

Eisenhower Dollar 1973 Proof

When the Treasury Department prepare a halt to the paying out of silver dollars in March of 1964, it looked like the closing interval had been written for these historic coins. Surprisingly, Congress voted that same year to coin 45 million additional silver dollars. Coming in the midst of a spartan nationwide coin lack, this seemingly frivolous employment of the Mint's machinery and person power was ended after just 316,076 pieces had been struck, and these coins were never issued. The Coinage Acted of July 23, 1965 included a provision that no rank silver dollars were to be coined for a period of five being. The situation could then be re-evaluated at that time.

As the end of Congress' five-year ban on silver dollars approached, the idea was conceived for a circulating buck coin to credit war hero and two-tenure President Dwight David Eisenhower, who had freshly died. With silver long left from the citizens's dimes and quarters, and with ongoing dispute over its discontinuance in the half cash, there was never any profound consideration of with the precious metal in circulation strikes of the new Eisenhower money. There were those, however, who argued for a silver collectors' style to be sold at a premium over face treasure.

Congressman Bob Casey of Texas introduced a charge into the House on October 29, 1969 work for a circulating commemorative money to reverence both Eisenhower and the Apollo XI liberty flight, mankind's first hall on the moon. More than a year of next wrangling was to track before this statement was lastly official in a modified form. Along the way, the U.S. Mint prepared an alternative reversal propose featuring a heraldic eagle that looked, in the terms of imminent numismatic writer Q. David Bowers, like something one would find on a Mint prototype of the 1870s. Reportedly, one of the two proposed reversal designs (doubtless the Apollo XI image, given its implications for the world's coming) originally featured an eagle whose expression the U.S. State Department feared other nations would translate as hostile. Whether the eagle which ultimately did grow on the coin's reorder is a "open" bird is testing to establish from its neutral expression.

Becoming law on December 31, 1970, the schedule that shaped the Eisenhower cash providing for a circulating coin made from the copper-nickel sandwich or "dressed" composition then being worn for dimes and quarters (and for half dollars start in 1971). It also tolerable the coining of up to 150 million silver-clothed coins for retailing to collectors. These would be coined in the same composition lately worn for halves square 1965-70, two outer layers that were 80% silver and 20% copper bonded to an inside extract that was about 21% silver and 79% copper. This bent a whole mix that was 40% silver, with the equalize being copper. A controversial amendment to this document if a portion of the profits from the vending of these antenna coins would be donated to Eisenhower College, a reserved institution in Seneca Falls, New York which ultimately folded though receiving some $9 million dollars from this spring.

As Mint Director Mary Brooks wanted the coins bent rapidly, there was no time for a shared propose competition. Chief Engraver Franked Gasparro was directed to arrange the models in as little time as vital. Expecting this currency, Gasparro had already begun work; his galvano for the facade bore the year 1970, even though the first Ike dollars were square 1971. His devise portrays on the obverse a bare-headed, left-facing profile bust of the recent leader. Arranging in an arc above him is the legend LIBERTY, while the motto IN GOD WE TRUST appears in two outline below Eisenhower's cheek. The date is at base, with the mintmark (if any) above it and to the right. Gasparro's initials FG are on the truncation of the bust. The problem depicts the American eagle, a lime diverge of stillness in its talons, descending onto the moon. The hazy Earth is in the handle above and to the left. The motto E PLURIBUS UNUM is centered above the eagle, and the legend UNITED STATES OF AMERICA is given in an arc around the high fringe. The price ONE DOLLAR is superimposed on the moon's surface along the lessen border. An arc of small stars surrounds the eagle, Earth and the motto. The initials FG occur below the eagle's tail.

Why the coins were not ready to be issued until November 1, 1971 isn't certain, although it was supposed the abundant tribunal strikes were abandoned because of goal deficiencies. Collectors snapped up a good portion of the dollars free that day and for some months afterward. Still, enough were coined that they ultimately reached the channels of buying. It was only then that the fundamental flaw in Congressional belief was naked: the American open minimally had no desire to use these large and gloomy coins. True, betting casinos welcomed the revenue of truthful cash coins to succeed the cash-sized tokens that had been used since 1965, but even the casinos ultimately hackneyed of these coins. Too often, customers took them home as souvenirs, since they were seldom seen elsewhere and people imagined them to be underdone.

With a dropoff in ultimatum for new Ike dollars, the Mint opted to register only enough of the 1973 magazine to discharge tips for uncirculated coin sets from collectors. This left a net mintage of excluding than 2 million each for the Philadelphia and Denver Mints. From the outset, San Francisco had coined only the unusual aerial coins: the uncirculated copy of the silver-dressed composition (known from it's packaging as the "desolate Ike") and the evidence form of the same coin (known as the "coffee Ike"). Beginning in 1973, it also coined an evidence edition of the copper-nickel coin for inclusion in the expected resistant set.

The residents's impending Bicentennial resulted in a competition for commemorative designs to mercy the reverses of the section, half and dough, respectively. The pleasing point for the buck's undo was submitted by Dennis R. Williams, whose clever theory of the Liberty Bell superimposed on the moon provided a connect between previous and offering (his initials DRW are found to the right of the signal's clapper). The steady buck coinage square 1974 sustained until the middle of 1975, when production of the new Bicentennial designs dated 1776-1976 began. This left no dollar coins dated 1975. The Bicentennial pieces were first released in the plummet of 1975, and their mintage lasting through the following year. Silver-clothed coins were made at San Francisco, besides the circulating version coined at Philadelphia and Denver. The even motif returned in 1977 and 1978, when the Eisenhower series was ended in benefit of the ill-meant Susan B. Anthony "baby dollar." For these two years, however, no Ikes were coined in silver.

There are no bloody dates within the reliable coinage of Eisenhower dollars, although several issues, particularly 1971 and 1972 dollars from the Philadelphia Mint, were poorly made and are stubborn to locate array. Several teenager varieties resulted from refinements to the hubs during the first few years. The Bicentennial coins subsist with both the Variety 1 reverse (broad script) or the Variety 2 (narrow lettering). A small mass of silver-clothed dollars were made at the Denver Mint in mistake and may be found dated 1974-D, 1976-D or 1977-D. Proofs of the Bicentennial dollar were coined in 1974 at the Philadelphia Mint lacking a mintmark, but none are known to survive. A song silvered-dressed resilient of the jiffy category has been documented lacking a mintmark, its place of source strange.

SPECIFICATIONS:

Diameter: 38.1 millimeters Weight: 24.59 grams (silver-clad) Composition: .800 silver.200 copper bonded to .209 silver.791 copper Net Weight: .3161 ounce complete silver Weight: 22.68 grams (CuNi-clad) Composition: .750 copper.250 nickel bonded to downright copper Edge: Reeded

BIBLIOGRAPHY: Bowers, Q. David, Silver Dollars & Trade Dollars of the United States, A Complete Encyclopedia, Bowers and Merena, Wolfeboro, NH, 1993. Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Wiles, James, Ph.D, CONECA Attribution Guide to Eisenhower Dollar Varieties, CONECA, Fort Worth, TX, 1997. Yeoman, R.S., A Guide Book of United States Coins, 48th Edition, Western Publishing Co., Racine, WI, 1994.

Coin Information Provided Courtesy NGC.

Franklin Half Dollars 1948-1963

In 1948, World War II had given way to an uneasy calm-a "Cold War," as presidential adviser Bernard Baruch so aptly named the new climate of international tension. The year also witnessed the killing of baseball legend Babe Ruth, the birth of the State of Israel and, with his presidential selection commotion of Thomas E. Dewey, a new lease on life in the White House for Harry S Truman.

In 1948, an important change took place in United States change as well, when the Franklin half money made its entrance. Its introduction finished the conversion of U.S. coin designs from allegorical figures to portraits of notorious Americans. It also rang down the curtain on an era that many involve as the blond age of U. S. Currency art. The Walking Liberty half bucked, last struck in 1947, was the decisive precious-metal coin enduring in production from the early 20th-century interlude that spawned the "Mercury" dime, Standing Liberty area and Saint-Gaudens magnify eagle.

Mint Director Nellie Tayloe Ross had contemplated a coin reverence Benjamin Franklin ever since a U.S. Mint nobility ready in Franklin's honor in 1933 by John R. Sinnock, the Mint's chief sculptor-engraver. Evidence suggests that Ross might have made the change in the early 1940s, when the half dough's conceive, worn for the statutory lowest of 25 living, became eligible for replacement. Although escalating production burden occasioned by World War II postponed Ross' strategy, she showed her enthusiasm for the predict by directing Sinnock to invent a Franklin coin on a contingency source. It would be hard to criticize Director Ross for her variety of Ben Franklin as a U.S. money focus. Of all the Founding Fathers, Franklin very possible enjoyed the most build among his contemporaries, not only in this country but also abroad. He was fairly legendary as an imprinter, publisher, author, inventor, scientist and moderator, and he played a crucial task in ration the colonies return their independence by securing crucial aid from France.

In an oration at the promotion of the Franklin half cash, Ross recalled the people had urged her to place Franklin's likeness on the cent because he was identified so narrowly with the guideline "A money saved is twopence vindicate" (often misquoted as "A currency saved is a penny earned"). Ross explained her catalog of the half buck: "You will permit, I trust, that the fifty-cent part, being bigger and of silver, lends itself much better to the production of an impressive result," she declared.

Sinnock's picture of Franklin, modeled after a bust by 18th-century sculptor Jean-Antoine Houdon, is bold and cleanse, contrasting sharply with the clever, complete depiction of Miss Liberty on the Walking Liberty coin it replaced. LIBERTY is extolled above the right-facing portrayal, IN GOD WE TRUST below and the time to Franklin's right. Tucked below Franklin's shoulder are Sinnock's initials, JRS.

The Liberty Belled on the repeal made sense as a compliment to Franklin, since both have become narrowly identified not only with the populace's birth but also with the city of Philadelphia. Three inscriptions are arranged around the timer in the same minus serif tailor used on the frontage: UNITED STATES OF AMERICA is above, HALF DOLLAR below and E PLURIBUS UNUM, in much lesser script, to the left. To the right of the timer is a frail-looking eagle. This had been mandatory by law on the half cash since 1792 and was reaffirmed by the Coinage Act of 1873, which mandated the post of an eagle on every U.S. silver coin superior to the dime. The eagle was added by Gilroy Roberts, who finished work on the coin following Sinnock's fatality in 1947.

Understandably, the central Commission of Fine Arts (an advisory body) took deliver with the eagle's size. Oddly enough, they also disapproved of displaying the crack in the Liberty Bell, arguing that "to show this might charge to puns and to statements derogatory to United States money." Although the Commission recommended a blueprint competition, the Treasury Department approved Sinnock's models lacking change.

Years later, Sinnock was accused of modeling his report of the Liberty Bell, lacking prim belief, on a sketch by performer John Frederick Lewis. The robbery first occurred in 1926, when Sinnock apparently used the sketch in fashioning his purpose for the commemorative half money marking the sesquicentennial of U.S. independence. His Franklin half buck overturn figure was patterned, in turn, on that earlier work. Numismatic allusion books now praise Lewis tardily for his role.

Although Franklin half dollar mintages were modest by novel-day standards, the string contains no issues that are particularly erratic. The production lowed headland came in 1953, when the Philadelphia Mint struck just under 2.8 million examples; the peak occurred in 1963, when the Denver Mint made just over 67 million. Franklin halves also were minted in San Francisco. On fork-mint issues, the D or S mintmark appears above the bell on the contrary. Total mintage for the chain, with proofs, was almost 498 million coins.

Because they are so bounteous, in circulated situation most Franklin halves take little or no premium above their bullion amount. Several dates are subtle, however, in the upper mint-national grades, especially with effusive defined "bell defenses" near the Liberty Bell's foot. Although the relatively low mintage 1949-D and 1950-D issues are considered "key" dates in the chain, some coins with higher mintages, while customary in lower grades, also command impressive premiums in Mint State-65 and above. These coins routinely came with weak strikes, and the paucity of "ornaments" is compounded by the statement that few were wisely saved. Dates in this grouping involve 1960-D, 1961-P and D and 1962-P and D. Proofs were issued every year from 1950 through 1963 as part of yearly evidence sets: over 15.8 million were made. Small numbers of proofs were struck with cameo disparity, an attractive frozen outward on the campaign contrasted with a polished mirror-like appearance in the fields. These cameo coins can beget substantial premiums over the prices of ordinary proofs without such contrast.

A full set of Franklin halves consists of 35 different question strikes and 14 different proofs. Because it is so compact and certainly affordable in minus-than-unspoiled grades, the series is widely serene by year and mint. Those with deeper pockets who ardor a challenge seek to assemble dating-and-mint sets in MS-65 and above or collections of high-grade proof Franklins with resonant cameo contrast. Points on the design to first show garb are Franklin's cheek, shoulder and fleece behind the ear and the lettering and ranks on the Liberty Bell.

Franklin half dollars were made for just 16 time. The series was cut succinct at the end of 1963, when John F. Kennedy's shocking assassination led to the concept of a new the dollar memorializing the martyred head.

SPECIFICATIONS:

Diameter: 30.6 millimeters Weight: 12.50 grams composition: .900 silver.100 copper Edge: Reeded Net load: .36169 degree innocent silver

BIBLOGRAPHY: Breen, Walter, Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, F.C.I. Press/Doubleday, New York, 1988. Ehrmantraut, Jack, Jr., An Analysis of Gem Franklin Half Dollars, Five Seasons Publishers, Hiawatha, IA, 1983. Taxay, Don, The U.S. Mint and Coinage, Arco Publishing Co., New York, 1966. Tomaska, Rick, The Complete Guide to Franklin Half Dollars, DLRC Press, Virginia Beach, VA, 1997. Vermeule, Cornelius, Numismatic Art in America, The Belknap Press of Harvard University Press, Cambridge, MA, 1971. Yeoman, R.S., A Guide Book of United States Coins, 47th Edition, Western Publishing Co., Racine, WI, 1993.

Coin Information Provided Courtesy NGC.