As the US slid deeper into the Great Depression, President Franklin D. Roosevelt was desperate to prop up the country’s economy. Besides implementing a host of so-called “alphabet programs” like the WPA and CCC, he looked at the nation’s gold reserve and decided it needed to be in government hands, ...Read More
Today the US quarter dollar does most of the heavy lifting when it comes to making change with coins. But that wasn't always the case. Copper cents were the first coins made by the US Mint in 1793 followed by silver half dimes (5¢), half dollars and dollars in 1794. At a time when most daily purchas...Read More
No, we’re not talking about laundered money. We’re focused on slugs (not bugs), the counterfeit kind of coin sometimes used to fool a coin-operated laundry washer or dryer, a soda machine, even a parking meter.
There’s likely not a college kid in America who hasn’t slipped 7 quarters into...
Coins and currency make great holiday gifts. Selections are plentiful and come in all price ranges, from stocking stuffers and novelties to substantial gifts of precious metals and collectible coins. Here are some ideas for last-minute shopping.
To commemorate the 200th anniversary of the birth of the first US president, the George Washington Bicentennial Committee proposed issuing a half-dollar coin in his honor. But the inventory of half dollars was high enough that none were scheduled for production that year, so Congress chose to replac...Read More
By the late 1880s calls to replace the Seated Liberty coin design, in production for sixty years, prompted Mint Director Edward O. Leech to open a competition for a new design in 1891. But with a cash prize offered only for the winning design, prominent artists and engravers weren’t interested.
By the turn of the 20th century dissatisfaction with the 1892 Barber designs on dimes, quarters, and half dollars was building. Mint Chief Engraver Charles E. Barber’s traditional-looking Franco-Roman bust seemed outdated and derivative when compared to coins like Saint-Gaudens’ beautiful $20 Doble ...Read More
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