My parents taught me that there is a time and place for everything. Even though a discussion about the current state of politics is relevant, a blog about numismatics is not the place for that discussion. Thus, anything I write about politics and public policy will focus on how it affects numismatics. I appreciate your understanding and your readership.
With the 116th Congress gaveled to a closed, the only numismatic-related bill left to watch is H.R. 1923, Circulating Collectible Coin Redesign Act of 2020. The House of Representatives agreed with the Senate’s amendment on December 31, 2020, and sent it to the White House on January 1, 2021. The president has until January 13, 2021, to sign the bill into law. If he does not sign the bill, it becomes the victim of a pocket veto.
- H.R. 1923: Circulating Collectible Coin Redesign Act of 2020
Sponsor: Rep. Barbara Lee (D-CA)
Passed the House of Representatives — Sep 22, 2020
Passed the Senate with amendments — Dec 17, 2020
LAST ACTION: Presented to President. — Jan 1, 2021
For a description of what coinage is included in H.R. 1923, see the September 2020 Numismatic Legislation Review.
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Hey, Coin Collectors Blog fans. I’m back! I have made several changes in my business to do more with less. These changes will give me more time to extend my numismatic writing. I have a backlog of issues and interests I want to talk about and will start to add content. Stay tuned. For now, here is something that I have been discussing with a few people via email.
I have received a lot of emails about the U.S. Mint, who will be adding a privy mark to the 2020-W quarter. Although the reaction is mixed, more people seem to be against the move than being in favor.
2020-W Weir Farm Quarter with privy mark
(U.S. Mint image via Coin World)
Amongst the comments are “it is a gimmick,” “beneath the stature of the mint,” and “it’s ugly.” Some have admitted to not collecting or caring about modern coins. Others are regular critics of the U.S. Mint.
There is also a group of people with a pedantic image of the alleged integrity of the U.S. Mint. The same organization that has allowed the release of many patterns are a source of error coins available to the public, and one that has contradictory policies by attacking those with 1933 double eagles while doing nothing about the 1913 Liberty Head Nickels.
When it comes to the U.S. Mint’s policy history, it is as sketchy as any U.S. government agency. The difference is that its products have fans that will defend it because of the final results and not the process that came before it.
Since the U.S. Mint has legal restrictions as to what they can do when it comes to striking coins, I applaud whoever made this decision. We should be celebrating the end of World War II. Even though I was not alive at that time, we need to honor the sacrifice many Americans gave to ending totalitarianism and preventing an evil takeover of the world.
The U.S. Mint found a way to honor the 75th anniversary of the end of World War II without violating the law. I can’t wait to try to find these quarters in my change—or buy them from a dealer since I have had no luck finding W mint marked quarters in my pocket change.
I finally did it!
My long nightmare is over!
I now have a “W” mintmark quarter!
And I acquired it the old fashioned way: I bought it!
Since the days that the Federal Reserve started to ship the quarters from the cash rooms, I have been looking for these elusive quarters. Every time I spend cash, I will examine every quarter returned in change. Every time I open a roll in my shop’s cash register, I avoid giving away any coin that looks shiny so that I can check the mintmark later.
I convinced my wife to save the change. She is also looking for W mintmark quarters.
But I could not help myself when I found that a club member added one to our monthly auction. From the opening bid until I won the coin, my hand stayed in the air. I was going to get that coin regardless of what it cost.
Ok, I had a limit to what I would spend, and it was $1 more than my final bid. But the competition stopped bidding, and the coin is now mine!
Just because I purchased a Lowell National Historic Park W mintmark coin does not mean I am stopping. There are four other coins issued in 2019 with W mintmarks.
The hunt continues!
W is more than the 23rd letter of the Latin-based alphabet. While it is the chemical symbol for tungsten and used as an abbreviation for watt, in numismatics, it is an elusive mintmark found on only by a few dedicated hunters.
With 2 million quarters produced by for each of the five National Parks Quarters issued in 2019, it represents from 0.5 to 1-percent of the total production for each coin. Yet being in the shadows of the nation’s capital and running a business that sees a lot of cash, the only W mint quarters I have found were shown to me by a customer asking about them.
Most of the reports of W mintmark quarter finds have been from roll hunters. They buy rolls from the bank and search. But I have searched the rolls I buy for the shop and not found any W mintmark quarters.
I might offer a bounty for someone bringing one into my shop. I am not sure what I have to trade. I have a roll of 40-percent silver half-dollars I used to give to children when they come in and show an interested in coin collecting. That might be a fair trade!
How about you?
Today I was able to see a West Point Mint struck Lowell National Historical Park quarter. The problem was that it was not my coin.
One of my regular customers came into the shop to ask about the quarter. He had heard that there was a bounty issued to find the first quarter and wanted to know if I could help claim the prize.
I was surprised when he dropped five 2019-W quarters in my hands. After I explained that the first-find bounty was claimed, I asked how he found five coins. The answer was obvious: roll hunting.
My customer works in the Baltimore area and stopped in a few banks to buy a few rolls. He said that he could buy two rolls at each bank without the tellers complaining that he is not a customer. When he searched through the rolls, he found the five coins.
I do not know why I was surprised by the coin roll response. It would make sense that if the U.S. Mint were sending the bags directly to the Federal Reserve for circulation, the rolls would be at the banks rather than in circulation. Large retailers usually get their change from logistics companies who specialize in transporting large sums of money. Small retailers may have a small batch of coins that are just stored and not circulated. Both situations are not conducive to forcing coins into circulation.
Then I read that one of the PCGS $5,000 First Discover winners found the coin at the end of a roll.
When I closed the shop earlier today, I opened the five rolls of quarters I purchased from my bank on Thursday. To put it in baseball terms, I am oh-for-200 with a batting average of .000! That is definitely below the Mendoza Line!
This week, the Professional Coin Grading Service announced that they would provide a $5,000 for the first collector to send in a new 2019-W Lowell National Historical Park quarter. By Friday, PCGS announced that two people won the prize. Each will receive $2,500.
Fifty cents = $5,000: The two Quarter Quest-winning PCGS First Discovery 2019-W Lowell quarter dollars side-by-side. (Photo credit: Professional Coin Grading Service www.PCGS.com.)
During the week, I had two occasions to go to the bank and purchase rolls of quarters. Even though I asked for new rolls, most of the quarters I received were either from 2018 or non-W mint quarters from 2019. In the shop, I checked every quarter received for payment and when I received quarters in change.
The competitive side of me wanted to be the first, or amongst the first to find one of these quarters. Even after running errands earlier today, I did not find any coin struck in 2019.
PCGS is still rewarding those who find the W mint quarters with special labels and cash prizes. Even though the top prize was claimed, I want to find one in change!
And now the news…
April 8, 2019
When you rifle around in your purse for some change soon, you might be lucky enough to pull out a new 50 cent coin, launched today by the Royal Australian Mint to celebrate the International Year of Indigenous Languages. → Read more at theconversation.com
April 9, 2019
Country continues tradition of honoring icons of art and science over politicians on its currency. → Read more at soranews24.com
April 9, 2019
Australia has issued a new coin celebrating some of the country’s indigenous languages, many of which are at risk of extinction. → Read more at cnn.com
April 10, 2019
Why is gold valuable? For thousands of years, gold has functioned as a store of wealth that sees its value climb in times of economic or societal unrest. Gold jewelry has been a sought-after luxury good since before the dawn of the first civilizations. → Read more at gainesvillecoins.com
April 10, 2019
SARANAC LAKE — Stephen Krupka’s metal detector beeped and wailed as he passed it over the soft ground Tuesday afternoon. “Looks like we’ve got a nickel signal here,” he said. Kneeling down, he took out a serrated hand trowel and cut a plug of grass from Denny Park on the corner of Pine Street and Bloomingdale Avenue. → Read more at adirondackdailyenterprise.com
April 11, 2019
A treasure hunter has struck it rich after digging up a 500-year-old gold coin that could be worth more than £4,000 ($5,200), but refuses to part with his rare find. Gareth Millward unearthed the coin in a field near Ashbourne, Derbyshire, and says it is the highlight of his four-year hobby. → Read more at dailymail.co.uk
April 12, 2019
(Kitco News) – Wall Street is split on the near-term direction of gold prices, while Main Street remains bullish, according to the weekly Kitco News gold survey. → Read more at kitco.com
A few weeks ago, I wrote that when the U.S. Mint issues new coins into circulation, the U.S. media does not say much. Again, other than the American Legion promoting their commemorative coin, finding news in the non-numismatic press is rare.
Imagine my surprise when perusing my search of numismatic-related news in the media comes up with an article about the upcoming “W” mint quarters! The story appears on al.com, the website of The Birmingham News dedicated to cover the news for Alabama.
For those who did not see the news, last week, the U.S. Mint announced that for the first time, they would be adding the current War in the Pacific (Northern Mariana Islands) quarter America the Beautiful Quarter Series to bags of coins in Philadelphia and Denver. It will take a few weeks before these quarters will appear in circulation.
The article was a summary of the U.S. Mint press release with additional information about the America the Beautiful Quarters.
Kudos to the reporter, Leada Gore, and al.com for publishing this story!
And now the news…
March 27, 2019
SPRINGFIELD — Heads up, artists. The United States Mint is hosting a design competition looking for artists capable of creating the obverse, or heads, side of new commemorative U.S. Coins celebrating the game of basketball and benefitting the Naismith Memorial Basketball Hall of Fame. → Read more at masslive.com
April 2, 2019
Often it isn’t until a recession or times of economic/financial panic occur that middle-class Americans and conservative investors truly consider the impact of gold on their portfolio. While diversifying into precious metals shouldn’t be a decision you make without research, there are opportunities to invest lightly so you can begin to understand the potential that certain metals might have for your financial future when the dollar dips, but gold and silver stay stable, perhaps even growing. → Read more at topnewsgazette.com
April 3, 2019
The U.S Mint is releasing new limited edition quarters. → Read more at al.com
April 4, 2019
Two metal detectorists who discovered an unprecedented treasure trove of coins after searching for 30 years may be wishing that finders were indeed keepers. Richard Miles, 56, and Reg Mead, 77, are at odds with officials over the valuation of their discovery in Jersey that is recognised as the world’s largest hoard of Celtic coins. → Read more at thetimes.co.uk
April 5, 2019
An amateur metal detectorist scouring the grounds of a field in Kent has discovered a perfectly preserved gold coin dating back almost 2,000 years. It is emblazoned with the face of Emperor Allectu who is being touted as the first Brexiteer after he took Britain out of the Roman Empire during his reign around 293AD. → Read more at dailymail.co.uk
April 5, 2019
The owner of a Vancouver coin shop who defrauded customers out of $1.4 million was sentenced in federal court Friday to four years in prison. → Read more at columbian.com
One of the reasons why I continue to search through my change every day is because there will always be something cool to find.
After coming home from a long day setting up my new store, I emptied my pockets so that I could wash the jeans I was wearing. As I dumped the change on my dresser there was a different but distinct sound. It is the sound that could have only been made by a silver coin.
It was a day where I made two trips to a local home improvement and office supply stores. I paid using cash for all of these trips.
As a side note for those who have not quite reached the age that you can join the AARP, some of us still use cash. Other than for security of my personal information (remember, I used to be in the information security business), it allows me to collect change that I can search for something cool.
Flipping the coins over I was looking for that distinctive gray of a worn silver coin. Then it appeared. A well-traveled 1952 Washington Quarter.
It’s worn, has some rim dings, the rim on the reverse is flattened to where it is bleeding into the letters, but it is something you usually do not find in change.
It is not worth much as a collectible but it has about $2.95 worth of silver.
I am going to drop it in the coin bank I use for some of my more interesting finds and keep it for a while.`
With so little happening in Congress regarding numismatic-related legislation, it should not be a surprise that I would become excited I am alerted that there was something to see.
The excitement wore off when I saw the bill that was introduced.
Rep. Barbara Lee (D-CA) introduced H.R. 5308 with the initial title of To amend title 31, United States Code, to require the Secretary of the Treasury to mint and issue quarter dollars in commemoration of the Nineteenth Amendment, and for other purposes.
The text of the bill is not available, yet.
The Nineteenth Amendment granted women the right to vote. It was the culmination of the women’s suffrage movement. To amend the constitution, it passed the House of Representatives on May 21, 1919, the Senate on June 4, 1919, then by 36 of the 48 states on August 18, 1920.
How do you create a design to commemorate the Nineteenth Amendment? Will there be one quarter per state? If so, what would be on Maryland’s quarter? Maryland rejected the amendment in 1920, the legislature ratified it in 1941, but the vote was not certified until 1958.
Then there is Mississippi that rejected the amendment in 1920 but passed it in 1984 becoming the 48th and last state to ratify the amendment (Alaska and Hawaii were not admitted to the union at the time and are ineligible to vote on the amendment).
While it is appropriate to celebrate the 100th anniversary of Women’s Suffrage, maybe it should be a commemorative coin with the proceeds going to an organization like the League of Women Voters.
H.R. 5308: To amend title 31, United States Code, to require the Secretary of the Treasury to mint and issue quarter dollars in commemoration of the Nineteenth Amendment, and for other purposes.
Referred to the House Committee on Financial Services. — Mar 15, 2018
Although I have been writing about something other than coins, I continue to expand my collection. Most of the items I have been buying are ordinary like the uncirculated National Parks quarters struck in San Francisco. I also have been filling some of the holes in my albums. Nothing really extraordinary. I did pick up a 1915-S Barber quarter and an 1883-S Morgan dollar, both in about extra fine (XF) condition. I like the coins but these are not something to write about, until now.
A recent purchase: 1897 Barber Dime
Almost every series has at least one key coin. The one coin that is not that difficult to find but if you are trying to stay within a budget, it is something you hope to find at a good price. For these coins, I am just looking for a coin that appeals to me regardless of the grade. Sometimes, if it is a good buy, I can drop my standard just a little. After all, I love bargains.
In this case, I dropped my standard a little to pick up a coin that would only grade very good (VG) to fine (F). Not only did I get a good buy but when I received the coin it had a nice look that the online images could not convey.
My new purchase is a 1932-S Washington Quarter.
1932-S Washington Quarter (obv)
1932-S Washington Quarter (rev)
Between the 1932-D, which I own, and the 1932-S there were fewer Washington quarters struck in San Francisco (408,000) and Denver (436,800). Granted, it is easier to find higher quality quarters struck in San Francisco, but to find a decent quarter that survived from having only 408,000 minted is a very good thing.
And I paid less than the value listed in various price guides!
With this purchase, I can now say that I have a complete set of silver Washington quarters in my blue albums. Next, I will work on completing the Standing Liberty quarter set so that I can say I have every quarter of the 20th century.