Collectors Positive on Modern Coinage

When I created the poll asking whether the U.S. Mint should continue the Morgan and Peace dollar program, I expected most people would favor the program, but I did not realize how positive some people would be.

The email responses have ranged from people reconnecting with their parents collecting coins to the few who thought it was the biggest disaster since clad coinage.

One teacher said that she uses the quarters programs as a teaching tool. The coins allow her to talk about history using the depictions on the reverse. She has sets of Presidential and Native American dollars that are props to talk about those subjects. “They are great to introduce the kids to the 19th century presidents people don’t normally talk about,” she wrote.

Several people wrote how they plan to visit every national park or forest featured on the America the Beautiful Quarters Program reverse. Some have started their journey with the closest parks. One New England-based family has a quarters map and will insert a coin into every state after visiting a park.

One mom of Native American descent uses the Native American Dollar Coins to teach her children about their cultural history. “These coins have some of the best designs,” she wrote.

Comments about the Morgan and Peace dollar coins thought that using classic designs on modern coins gives new collectors access to those designs. “Given the rising cost of everything these days,” he wrote, “the U.S. Mint would allow more people to afford nice examples of popular gold coin designs.”

Currently, 69 of 95 voters said “Yes, I love them” to the poll. As we begin the season of giving thanks, let’s see whom else wants to weigh in.
 

Should the U.S. Mint Continue to Strike Morgan and Peace Dollars





View Results

Loading ... Loading ...

Weekly World Numismatic News for November 21, 2021

News and notes from this past week:

The U.S. Mint announced that they completed producing 2021 American Eagle bullion coins and will distribute the last of their inventory by next week. They are producing 2022 coins for distribution beginning on January 3, 2022.

The supply chain continues to plague the change market, especially in less populated areas of the country. Smaller towns, including in the distant suburbs in metropolitan areas, continue to report coin shortages. Additionally, NGC reports that they have run out of new scratch-resistant holders. New submissions will be encased in the older-style holders—no word as to when they expect to have more in stock.

The American Numismatic Association is soliciting themes for the 99th National Coin Week, April 17-23, 2022. Submission should focus on the artistry featured on numismatic objects and the artists. Submissions should be no more than eight words and easy to remember.

The winning theme will receive a 2022 American Eagle proof silver dollar. The submission deadline is TOMORROW, Monday, November 22. ANA members can submit their idea on the ANA website.

And now the news…

 November 10, 2021
News, News, News An amateur treasure hunter out for a casual day of using his new metal detector in the Danish countryside uncovered a stash of 22 gold medallions inscribed with mystical symbols, the Danish government recently announced.  → Read more at kovels.com

 November 17, 2021
Enlarge / Nuclear physicists used micro-XRF scanning to produce elemental maps for Roman denarii coins and their color overlays. K.V.  → Read more at arstechnica.com

 November 18, 2021
The FINANCIAL — A study of gold coins from different moments of the Roman Empire has revealed the thriving economy at the time of minting, according to UKRI. To reach this conclusion, researchers brought three Roman coins to the Science and Technology Facilities Council’s ISIS Neutron and Muon Source for analysis.  → Read more at finchannel.com
Coin Collectors News
news.coinsblog.ws

 

Weekly World Numismatic News for November 14, 2021

2022 National Purple Heart Hall of Honor Commemorative Half-Dollar Reverse

The news came hot and heavy this week. First, the U.S. Mint announced the designs for the 2022 commemorative coin programs, including the Negro Leagues Baseball Museum coins. Of all the baseball designs by the U.S. Mint, the NLBM commemorative coins are the best designs.

I am looking forward to the National Purple Heart Hall of Honor commemorative. Of the designs introduced, it will be interesting to see the implementation of the half-dollar reverse. As a line-art drawing, it can capture the feeling of the impact of the effect of a soldier earning the Purple Heart. It triggers memories of my grandfather, who earned his Purple Heart on the battlefield in Italy during World War I.

The biggest news of the week is the U.S. Mint saying they will continue the Morgan and Peace dollar programs in 2022. Based on the email I received, collectors seem to be excited about the future of this program. I am still looking for a Peace dollar in its original government package. If anyone is selling, contact me, and let’s make a deal.

Under the news radar was the sale of the Hawaii Five-0 1913 Liberty Head Nickel. The coin once owned by COL E.H.R. Green featured on an episode of the original Hawaii Five-0 television series, sold for the 14th time. Stack’s Bowers brokered the coins, graded PF the 64+ by NGC, sold for $4 million in a private sale.

Although it is fair to ask, was this news under the radar, or has the sale of coins breaking the $10 million barrier making a mere $4 million sale seem pedestrian?

And now the news…

 November 4, 2021
The hoard of gold. Courtesy Norfolk Castle Museum  → Read more at news.artnet.com

 November 5, 2021
An unnamed treasure hunter discovered the majority of the coins and gold objects between 2014 and 2020. British Museum  → Read more at smithsonianmag.com

 November 9, 2021
After acquiring more than 2,800 rare Islamic silver coins earlier this year, Louvre Abu Dhabi is preparing to unveil the objects as part of a two-year project. Photo: DCT Abu Dhabi  → Read more at thenationalnews.com

 November 12, 2021
Minted in Canterbury between 1493 and 1499, the silver half groat dates to the middle of Henry VII's reign, when a rebellion led by pretender Perkin Warbeck threatened to unseat the nascent Tudor dynasty.   → Read more at smithsonianmag.com

 November 14, 2021
RARE coins can sell online for a pretty penny, especially full collections. A set of 13 Morgan Silver Dollar coins sold for more than $3,000 earlier this month.  → Read more at the-sun.com
Coin Collectors News
news.coinsblog.ws

 

LEGISLATIVE UPDATE: Semiquincentennial Commemorative Coin Act

On Friday, the Government Printing Office updated S. 2384, the Semiquincentennial Commemorative Coin Act, to include a summary. If passed, the bill will create a commemorative coin program in 2026 to celebrate the 250th anniversary of declaring our independence from England.

S. 2384: Semiquincentennial Commemorative Coin Act
Sponsor: Sen. Patrick J. Toomey (R-PA)
Introduced: July 20, 2021
Summary: This bill directs the Department of the Treasury to mint and issue $25.00 gold coins, $2.50 silver coins, 25 cent clad coins, and proof silver $2.50 coins in commemoration of the 250th anniversary of the establishment of the United States. The designs of the coins shall be emblematic of the semiquincentennial anniversary of the establishment of the United States of America and celebrate 250 years of our nation. On each coin there shall be

  • a designation of the value of the coin;
  • an inscription of the years 1776-2026; and
  • inscriptions of the words Liberty, In God We Trust, United States of America, and E Pluribus Unum.

Treasury may issue coins under this bill only during the period beginning on January 1, 2026, and ending on December 31, 2026. All sales of coins issued shall include a surcharge as prescribed by this bill. All surcharges received by Treasury from the sale of such coins shall be paid to the America 250 Foundation to fund the restoration, rehabilitation, and interpretation of units of the U.S. National Park System and its related areas, as a legacy of the semiquincentennial commemoration.

Introduced in Senate — Jul 20, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jul 20, 2021
This bill can be tracked at http://bit.ly/117-S2384.

An interesting addition to the bill is in Section 3, Paragraph d that reads:

(d) Mintage Limit Exception.—If the Secretary determines, based on independent, market based research conducted by the designated recipient organization identified in section 7(b) that the mintage levels described under this subsection are not adequate to meet public demand, the Secretary may increase the mintage levels as the Secretary determines is necessary to meet public demand.

If the America 250 Foundation finds that the mintage limits are too low, the U.S. Mint can strike more coins without asking permission. Given the current status of the U.S. Mint, it will be interesting to see how it is implemented.

POLL: What do you think about continuing the Morgan and Peace Dollar Programs

After I posted the news that the U.S. Mint will continue the Morgan and Peace dollar programs, I watched the reaction.

If I only read the reaction from social media, you would think that the U.S. Mint was proposing to devalue every collection and that they were about to do the worst thing since striking the Susan B. Anthony dollars.

According to my Inbox, 39 people were excited. Three were not in favor but less negative than those on social media. Six people said that they were indifferent to the program.

What do you think?
 

Should the U.S. Mint Continue to Strike Morgan and Peace Dollars





View Results

Loading ... Loading ...

U.S. Mint Unveils Negro League Baseball Museum Commemorative

The U.S. Mint and the Negro League Baseball Museum held an unveiling event for the 2022 NLBM Commemorative Coin Program. The ceremony was held at the museum in Kansas City, Missouri. NLBM Director Bob Kendrick hosted the event. Also attending was Sen. Roy Blunt (R-MO), President of the Kansas City Federal Reserve Esther George, and Kansas City Mayor Quentin Lucas (D).

Rep. Emmanuel Cleaver (D-MO) recorded a message for the event because he was traveling overseas. Cleaver was a council member and was an early supporter of the museum. Cleaver continued to support the museum as mayor of Kansas City and was one of the Members of Congress who ushered the bill to authorize the commemorative program to passage.

As part of the ceremony, Sen. Blunt presented a copy of the signed law to the museum. Blount and Cleaver autographed the copy.

Acting Director of the U.S. Mint Ventris Gibson recorded the design unveiling ceremony they played at the museum. Before announcing the designs, Gibson revealed that her father played for a Negro League team in Virginia from 1949 through 1960.

Later in the day, the U.S. Mint published a press release with the design information.

The following are screenshots of the ceremony:

This slideshow requires JavaScript.

BREAKING NEWS: U.S. Mint to Continue Morgan and Peace Program in 2022

The U.S. Mint is currently holding a numismatic press availability via conference call. During the call, the U.S. Mint announced that they plan to continue the Morgan and Peace dollar programs in 2022 and beyond.

Although the products have not been finalized, it is possible that there may be different finishes, such as reverse proof, and additional products options including the production of the coins at other mint facilities.

Stay tuned for more from the U.S. Mint’s press availability.

October 2021 Numismatic Legislative Review

Seal of the United States CongressI have been following politics for many years. I trace my awakening to the news and politics to the assassination of Dr. Martin Luther King, Jr. It was something in the news that we discussed in school, and I did not know or understand what my classmates were talking about. After school, I read the stories about MLK in the Daily News and Newsday that were delivered daily. When my father came home, he brought a copy of the New York Times.

I was so interested in public policy that I did a master’s in public policy late in life. Having the degree helped my career as a government contractor working with government executives and appointees. Unlike others who go into public policy, I was fascinated with policy compliance and implementation. It became helpful in trying to implement information security policies for the government.

After 40 years in computing and 25 years with the federal government, I burned out. Since then, I have followed numismatic-related policy because the U.S. Mint does not strike any legal tender coin without a law permitting them.

Since retiring in 2017, partisan politics has gone from bad to worse. Politicians and their constituents are no longer talking with each other but shouting at each other. It is no longer looking to accomplish something for the common good but who can score points.

Unfortunately, there is no such thing as the radical middle. Those of us in the center are willing to work together but are being shut out by the shouting coming from the extremes.

Numismatic-related bills are not immune to the policy divide. The bills get dumped into committees and are subject to the partisan scorecard review. These bills languish in committee until an end-of-session floor review.

Although following numismatic legislation is necessary to know what the U.S Mint strikes next, it is no longer fun. Therefore, this will be the last monthly report. In the future, I will post updates after the Government Printing Office reports them. The GPO is the official publisher of the U.S. government and they are responsible for publishing everything from congress.

For the last monthly report, Rep. Claudia Tenney (R-NY) introduced H.R. 5601, the Erie Canal Bicentennial Commemorative Coin Act. If passed, the bill will create a commemorative program to celebrate the 200th anniversary of the building of the Erie Canal.

In 2025, the bill would require the U.S. Mint to strike clad half-dollars, silver dollars, and gold $5 coins with the dual date 2017-2025. These dates would mark the 200th anniversary of the construction of the canal (1817-1825). The funds raised from the sale of these coins would be paid to the “Erie Canalway Heritage Fund, Inc., to support the historic preservation, conservation, recreation, interpretation, tourism, and community development of the Erie Canalway National Heritage Corridor and for educational and commemorative programs of the Erie Canal’s history and impact on our Nation’s history.”

H.R. 5601: Erie Canal Bicentennial Commemorative Coin Act
Sponsor: Rep. Claudia Tenney (R-NY)
Introduced: October 15, 2021
Summary: This bill directs the Department of the Treasury to mint and issue 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins in recognition of the bicentennial of the Erie Canal. The designs of the coins shall be emblematic of the Erie Canal and its impact on the development of the United States and New York. Treasury may issue coins minted under this bill only during the one-year period beginning on January 1, 2025. All sales of coins issued under this bill shall include a surcharge, which shall be paid to the Erie Canalway Heritage Fund, Inc., to support the historic preservation, conservation, recreation, interpretation, tourism, and community development of the Erie Canalway National Heritage Corridor in New York and for educational and commemorative programs of the Erie Canal’s history and impact on our nation’s history.
Introduced in House — Oct 15, 2021
Referred to the House Committee on Financial Services. — Oct 15, 2021
This bill can be tracked at http://bit.ly/117-HR5601.

It would not be the first time the Erie Canal appears on a coin. The Erie Canal was the innovation celebrated on the 2021 New York American Innovation $1 Coin.

Weekly World Numismatic News for October 31, 2021

Today marks the 16th Anniversary of the Coin Collectors Blog. When I started this blog, I did not know if I had enough to write about. But numismatics has had many twists and turns over the years to keep the hobby interesting. As long as there is something to write about and you are willing to read it, I will keep going. Here’s to the last 16 years and more fun in the future. Thank you for being a loyal reader!

Collectors are reporting that they received their orders of 2021 Morgan and Peace Dollars. Deliveries have come in waves where some have received multiple packages over two weeks.

A few collectors have noticed differences in the finish between different coins. A local collector showed me the difference between a Morgan Dollar with the CC privy mark and a 2021-S coin. The coin struck in San Francisco had a cloudier look. The Philadelphia Mint struck the Morgan Dollars with the privy marks.

A Canadian friend reported receiving colored Bluenose 10-cent coins in change. There is a general consensus that Canadians love the coins. One story included a cashier who was excited to open a roll of the new coins and took joy in giving them out.

Someone I know who is a member of the U.S. military had his post changed to the Pacific. As part of his tour, he went to Australia, where he discovered the alphabet coins. The Royal Australian Mint created 26 new designs with reverses featuring something Australian for each letter of the alphabet. The program, dubbed The Great Australian Coin Hunt 2, follows the 2019 program.

He was so impressed with the coins that He mailed a set of the 2019 and 2021 coins home for his children. When I told him that the Royal Mint released a similar set in the U.K., he said he might try for a tour in the North Atlantic to pick up a set.

There are a lot of interesting world coins to explore. Collectors may want to branch outside the U.S. and start a new collection.

And now the news…

 October 26, 2021
A family in Michigan found an old ammunition round in there house that was filled with coins and bills decades ago. MSP First District A Michigan family made a bombshell discovery this weekend when they discovered a non-live WWI-era ammunition round was filled with treasure.  → Read more at nypost.com

 October 30, 2021
0:00 0:03:24 A rare piece of metal money made in the 1600s in the New England area of the U.S. could be sold for $300,000.  → Read more at learningenglish.voanews.com

 October 30, 2021
Prisoners at historic Port Arthur were not allowed to carry money. So how did a pile of silver shillings worth about a week's salary for one of the penal colony's overseers end up buried beneath the convicts' workshop?  → Read more at abc.net.au

 October 30, 2021
More than 6,000 silver coins from the late Middle Ages were discovered during a renovation project on a farm in the village of Rainbach, Upper Austria. The silver coins, which were handed over to the OÖ Lande-Kultur GmbH museum in Upper Austria, also known as Linz Schlossmuseum, “were wrapped in fabric and kept in a clay lidded pot,” the museum said.  → Read more at klewtv.com
Coin Collectors News
news.coinsblog.ws

 

Nothing wrong with the Mint’s Manufacturing Process

The U.S. Mint took to social media to let everyone know that they struck 24 million coins since January 2020.

After COVID-19 shut down the world, the supply chain was interrupted and not moving as expected. As businesses began to open, regulators ordered the U.S. Mint to increase circulating coin production so the Federal Reserve could push coins through the economy.

In 2020, the U.S. Mint struck 14.774 billion coins, 23.7-percent more than they struck in 2019. The announcement means that in the first ten months of 2021, the U.S. Mint struck 10 billion additional coins. It appears that the U.S. Mint will match the production rate of 2020.

Although collectors have a lot to say about how they have been treated, the U.S. Mint exceeds its primary mission as the nation’s coin manufacturer.

Pin It on Pinterest