There have been a wide variety of different people that through the years have been memorialized in the form of United States commemorative coins. Benjamin Franklin, Thomas Edison, Leif Erickson, Christopher Columbus and Chief Justice John Marshall are all examples of people that have been commemorated in this fashion. Ulysses S. Grant, Queen Isabella of Spain and Daniel Boone have also been commemorated in this way in the past as well.

There have also been a number of places that have been honored through the creation of commemorative coins, including the White House, West Point and the Smithsonian. The White House was honored with a 200th Anniversary commemorative coin in 1992. The West Point military school was honored in 2002 for their Bicentennial. The Smithsonian was honored in 1996 for their 150th anniversary.

There have also been a number of events that have been honored through the creation of commemorative coins. The Korean War was commemorated in the form of a Silver Dollar in 1991, and then the Vietnam War received a similar Silver Dollar commemorative coin in 1994 after its memorial’s 10th anniversary. These commemorative coins were created not only to commemorate the creation of the memorials, but also to honor the men who died during those wars.

The Statute of Liberty has also been honored through the creation of numerous commemorative coins. In 1986, three commemorative coins were created to honor the Statue of Liberty, including a half dollar coin, a silver dollar coin and a $5 golf coin. The Statue of Liberty is not only a place worthy of being honored, but the commemorative coins are also meant to honor freedom, democracy and the gift from France to the United States represented by the gift of the statute.

Collectors may choose to collect different commemorative coins depending on what concepts their collections are aimed to symbolize. There are commemorative coins for many different purposes including the Olympic games, the bill of rights, World War II, the civil war battlefields, the Bicentennial of the constitution, desegregation at the Little Rock Central High School, the first flight on the behalf of the Wright Brothers and many others. No matter what type of coin collection you are creating, there are commemorative coins that will fit right in.

Photo Credits: kevindooley

Originally posted 2009-06-27 05:43:11. Republished by Blog Post Promoter

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Collecting coins, especially starting a state quarters collection is a hot topic right now, at least as far as many coin collectors seem to be concerned. One of the most popular types of collections to come along in a number of years is the state quarters collection, especially because this is a collectible item that isn’t rooted in a fad, meaning that you do not have to worry about your state quarters collection losing value or being worthless in the future. Anybody from any age, gender, any income background and absolutely any walk of life can do what it takes to start up a state quarters collection. Is this something that you are curious about doing?

Since state quarters are relatively easy to find, everyone can afford to begin a collection. If you’re on a budget, simply save the ones that you find in your change. You can also buy uncirculated editions from coin dealers or from the US Mint if you are becoming a little more serious about your state quarters collection.

The program that released a state quarter for every state in the United States ran beginning in 1999 and ended in 2008. Five different coins were distributed every year, with intervals of 10 weeks or so separating them. Each state quarter has an individual, unique design that is printed on its reverse side. The quarters were both minted in Philadelphia, Pennsylvania and Denver, Colorado on a nearly 50% each basis.

The quarters that were minted in the year 2000 seem to be the most plentiful batch, as nearly 6.5 million coins were produced in that year alone. The lowest run of production was for the Iowa based quarter, which came from the mint in Philadelphia, as only 213,800,000 coins were made. The largest minting was for the Virginia based quarter, which was also minted in Philadelphia, and had a run of a total of 943,000,000 coins.

According to market research that was conducted in the year 2000 by the U.S. Mint, more than 106 million Americans were participating in some form of a state quarters collection. In April of 2006, it was determined that as many as 140 million collectors had begun to collect their own state quarters collections. This is the kind of collection that you can involve your entire family in if you like, or something that you can do all on your own as well. Because there are so many editions of the coins out there, it should not be difficult to create a complete collection of all 50 quarters.

Photo Credits: KaCey97007

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money -> Coins-US -> Dollars

Liberty Head silver dollars have been referred to in many different ways over the years. First they were called Buzzard Dollars, because no one really liked the original design of the rather scrawny eagle on the back. The large, heavy coins were also referred to as Cartwheels, and are today most commonly referred to as Morgan Dollars, after their creator, George T. Morgan.

Though when they first appeared in 1878 these coins weren’t popular at all, today Liberty Head silver dollars are one of the most collectible coins in the world, among silver and all other types of coins. When these coins were minted, the dollar coin had been discontinued for 5 years already, with Americans showing a clear preference for paper dollars. The coins were minted because of the large silver surplus created by the purchase of silver from the Comstock lode in Nevada, to keep Nevada’s economy above water. To use the silver, these coins were commissioned.

George Morgan was an Englishman who designed the Liberty Head silver dollars, and despite his post as US Chief Engraver after that, one he held for over 40 years, these coins were the only American ones he ever designed. Because these coins weren’t popular and few people used them, production stopped in 1904. Many of the coins were melted down in 1918 to help Great Britain’s war efforts. Then more were minted in 1921, but only for a brief time before the Peace Dollar was minted to commemorate the end of the war, and quickly became the most popular silver dollar in America.

The Liberty Head silver dollars continued to be melted town, and the public showed little interest in collecting them until about 1972, when a large collection of over 400 bags of the rare Carson City minted dollars was discovered. The collection ended up selling at auction for over $7 million dollars. While all these dollars are collectible, some are more valuable and sought out than others.

The most rare Liberty Head silver dollars are those minted in 1895. Called the “king” of these dollars, some have sold for over $100,000 at auction. What makes these coins particularly valuable is their rarity, and the mystery surrounding them. Twelve-thousand 1895 coins were struck, according to mint records, yet only about 80 have ever been accounted for, and all of those were proofs. None of the regular circulation coins have been recovered. Whether they were ever minted at all comes into question, but doesn’t lessen the mystique of the coin.

Liberty Head silver dollars, aside from the 1895 strike, aren’t particularly rare because millions of these coins were minted. They were larger than typical coins, and the original eagle design wasn’t popular, yet today they’re consider one of the most collectible US coins available. Online auctions are an inexpensive and ideal way to purchase these collectible coins, whether you want to purchase them to begin investing in silver, or to make the Liberty Head silver dollars an important part of your coin collection.

Originally posted 2008-11-11 14:00:28. Republished by Blog Post Promoter

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American Silver Eagles have been minted in the United States since 1986. These are the official silver bullion coins of the United States, guaranteed to contain one troy ounce of silver that’s 99.9% pure. A troy ounce is actually slightly heaver than a typical ounce of weight, because it’s not measured by weight but rather by grains. A grain is a unit of measure used where absolute precision is crucial, as in archery to weigh arrow heads, and in ballistics to weigh powder and bullets. An ounce is between 28 and 29 grains, and is a very specific number that goes out to 9 decimal places. A troy ounce is over 31 grains, in a number that goes out to 7 decimal places. A troy ounce is the measurement always used for black powder, precious metals and gemstones.

Silver Eagles have their one troy ounce weight and silver content certified by the United States Mint, and are authorized by the US Congress. A proof version of these coins is produced specifically for collectors. These coins have been produced by three mints. Coins marked with a P were minted in Philadelphia, with earlier coins bearing an S for San Francisco and the most recent silver coins marked with a W on the reverse side, which stands for West Point.

The front or obverse of Silver Eagles is based on the “Walking Liberty” design that appeared originally on half-dollars minted between 1916 and 1947. Designed the Adolph Weinman, it became a favorite and one of the best-loved coin designs in American history, so it was chosen for the Silver Eagles. The back or reverse of the coins feature a heraldic eagle.

The face value of Silver Eagles is $1, but the silver content causes the value of these coins to vary with the markets. Because of the different minting, it’s best to look into reference books to find the value of any coins you’re interested in purchasing. Because these coins have been struck in such huge numbers, the value is often not as high as one might expect, even for proofs. Most can be purchased for $25, with that number fluctuating along with the silver market prices. Some years with lower minting can go for over $100, and the boxed anniversary set issued in 2006 that went for $100 each now commands over three times that, because only 250,000 were created. Some rare dates can cost thousands of dollars, but without an up to date reference book it’s difficult to know which are more valuable.

When looking at Silver Eagles do your research and become familiar with the more rare coins, and those which can be found almost anywhere. As with most things, eBay is an excellent source for Silver Eagles of the more rare varieties. One good strategy for investors is to buy the current year’s Silver Eagles and work your way backwards through the years. This can make the collecting more fun and interesting, and give you time to investigate the more valuable minting and dates.

Originally posted 2008-12-14 14:00:32. Republished by Blog Post Promoter

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An 1896 silver dollar is one of the Morgan dollars that were minted from 1868 to 1904, and then later again in 1921. The image on these coins was designed by George T. Morgan, and while his dollar is a collector favorite today, easily found in online auctions, they were virtually ignored when they were created.

By 1873, the American collar coin was discontinued. Paper money was favored over coins. So when the large, Morgan dollar came onto the scene in 1878, few people were interested in using them. After the Comstock lode was discovered in Nevada, America’s richest silver strike to date, it was necessary to use that silver to keep Nevada’s economy from collapsing. Pressure was put on the government to make a silver dollar, so the US Treasury, despite the veto by President Rutherford B. Hayes, purchased a few million dollars worth of the silver for coinmaking. Some of that silver was used in the 1896 silver dollars, as well as other dollars from that era.

Morgan, a native of England, was brought over to be an engraver for the director of the Philadelphia Mint. Morgan’s design competed with the design by the normal designer and Chief Engraver, William Barger. Morgan’s coin was chosen, with its head of Lady Liberty on the front and a small eagle on the back. Soon after, Morgan became Chief Engraver and remained there for over 40 years, then became Chief Engraver for the United States Mint in his 70s. The 1896 silver dollar as well as all Morgan dollars produced, bear the distinction of being the only American coin Morgan ever designed.

Less than two weeks after Congress authorized the minting, the first Morgan dollars were struck, on March 11, 1878. Philadelphia produced most of the Morgan dollars, but a small mint in Carson City near the silver Comstock lode produced some dollars of that era. Though that mint closed in 1893, after the mine was essentially emptied of silver. The 1896 silver dollars was one of the 500 million Morgan dollars minted between 1878 and 1904. Despite their numbers, the coins weren’t popular with consumers. There were many used coins, in fact, that in 1918, over 270 million were melted to provide Great Britain with silver during the war. Morgan dollars were produced again in 1921, to the tune of 86 million, but stopped the following year so that the Peace dollar, which became popular, could be produced to commemorate the end of World War I.

Millions more Morgan dollars, including the 1896 silver dollar, were melted down for their silver content in the following years. In fact, it wasn’t until 1972, when the General Services Administration auctioned 2.9 million Morgan dollars, the rare ones produced by the Carson City mint that closed in 1893, that the Morgan dollar interested collectors at all. Then LaVere Redfield, a stock investor who had hoarded 400 bags of Morgan dollars, died in 1974 and his 11 tons of Morgan dollars were auctioned for $7.3 million dollars, giving the Morgan dollar real status in the coin world.

Originally posted 2008-10-14 14:00:58. Republished by Blog Post Promoter

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The popular US coin called the Buffalo Nickel was only minted from 1913 to 1938, but it quickly became one of the most popular coins and certainly one of the most collectible. The Buffalo Nickel used to be very easy to find throughout the 1960’s, but after that point, availability dropped off sharply. This meant that these coins became very sought after and to this day finding a Buffalo Nickel is certainly cause for celebration.

The actual design on the coin is not really a buffalo, but rather a depiction of the American Bison. The front of a Buffalo Nickel features the face of a Native American. The designer, James Earle Fraser, used three historic Native American chiefs as a composite for this design, and the buffalo was placed on the back. It was his intention to create a coin that would be similar in style to the coins produced during ancient times and little did he know that his creation would become this popular.

Early copies of the Buffalo Nickel carry the words Five Cents on the back, and these are very rare indeed. Production on this particular design was halted once it was observed that the raised lettering would wear off quickly. For collectors, it is truly remarkable to come across one of the coins that was minted during this period, particularly if the words are still intact. Once the new design was released, the lettering was lowered, but oddly enough, the raised lettering on the date was not.

This led to yet another similar problem, but this was never actually fixed. Most Buffalo Nickels no longer have their date intact due to this problem, so it can be complicated to determine when exactly the coin was minted. However, many collectors feel that this backstory adds to the overall charm of the coin.

There was one error in the design that only appears on the coins that were minted during 1937. For some reason, the buffalo design was changed slightly and on these coins, it appears as though it only has three legs. When you add this to the fact that the coin would stop being circulated in less than a year, the 1937 edition is probably the most sought after edition.

Even though these coins were mass produced between the period of 1913 to 1938, finding one today is very rare. It is estimated that approximately 1 in every 25,000 nickels is a Buffalo Nickel, but many collectors would lower that further. This means that there is a big demand for those that collect this type of coin and you can typically find them only at auction or if a private collector decides to sell their collection.

The Buffalo Nickel was the inspiration for another coin that was recently released. The American Buffalo is a gold coin that takes many of its design cues from Fraser’s original. Although this may have more face value, to the collector of Buffalo Nickels, there is no replacement for the original.

Originally posted 2008-08-19 05:00:07. Republished by Blog Post Promoter

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Before you decide to purchase gold coins, there are a few things that you need to know to avoid being taken advantage of. While most dealers are honest, it is vital to take these steps to ensure you are dealing with authentic gold coins. At the current price per ounce, it only makes sense to make sure you are getting real gold, and that you can trust the person you are buying from. Here are a few things to keep in mind before you decide to buy.

1. The Overall Price

This is a big factor when purchasing gold coins. If the price is too low, you should be immediately suspicious. Remember, if it’s too good to be true, it probably is. Likewise, if the price seems too high, you should research the current price per ounce to make sure that you are not paying over the market value. Speculation is rampant in the coin industry, especially when you are dealing with gold. Always make sure that you are getting a fair price before putting down your hard earned money.

2. Certification

Is the dealer willing to provide you with a certificate to prove that the gold coins are actually real? This is a very important step in authenticating your coins. After you purchase them, there is not much you can do if it turns out that they are fake. An honest seller will provide you with more than enough proof to put your mind at ease. Remember, always authenticate gold coins before you buy them. Otherwise, you will have learned a very expensive lesson.

3. Shipping

It is vital to make sure that your gold coins will be shipped securely. Find out how the seller plans to pack and ship your coins before making a purchase. The package should be completely secure and should be insured for the value of the coins. Most sellers prefer to use services such as UPS, FedEx and other carriers that are not the US Postal Service. This is due to the ability to track a package, add insurance and to ensure that the package reaches you safely. If you see a seller shipping gold coins any other way, be on guard.

4. Feedback from other buyer

This is perhaps your best judge as to whether or not you are dealing with a good seller. If they have verifiable feedback from happy customers, then you should be able to make your purchase safely. Do a little due diligence on their feedback to make sure that they were made by real people. You cannot be too careful when purchasing gold coins, especially online. If the seller will not allow you to check up on their feedback, you may want to find someone else.

Purchasing gold coins is a great investment, but only if you take the necessary steps to protect yourself. Always do your homework and learn all that you can about a seller before you decide to purchase your new gold coins.

Originally posted 2008-08-26 05:00:58. Republished by Blog Post Promoter

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The value of a 1902 Barber dime varies, depending mostly on the condition of the dime. While the face value may be only 10 cents, they’re often worth several dollars—sometimes hundreds of dollars. The best way to determine the value of your Barber dime is to consult an up to date coin value guide. The best way to find the most current information is by looking on numismatic websites and auction sites where these dimes are available to see the most recent pricing on them.

The history of the dime in general goes back to 1796, with the front of the coin bearing a Liberty head and the reverse featuring an eagle. The dime is the smallest US coin, and its appearance has changed many times over the years. A 1902 Barber dime is so named because it was a coin designed by Charles E. Barber. While the earliest dimes changed many times, our current dime has been the same since 1946. Our current design is smaller than the original dime, and the materials used today are different, as well.

The first coins representing a tenth of a dollar or ten cents were actually called dismes, minted in 1792, but weren’t circulated. The first actual dimes appeared in 1796 and are referred to by numismatics today as the Draped Bust dime. These coins bore no value on them anywhere, unlike today’s dimes which clearly say they’re worth 10 cents. In 1809 the design was changed to what’s now known as the Capped Bust dime, which bore the marking 10C on the reverse. Neither of these early dimes was minted each year they were available, but a dime has been minted almost every year without fail since 1827. The Barber dime appeared in 1892, with the 1902 Barber dime representing only one year of the design’s 24-year history, ending in 1916. The previous design, though, was minted far longer. The Seated Liberty design debuted in 1837 and was minted for 54 years, until the Barber dime took its place. The only dime that has been minted longer is the Roosevelt dime that has now been minted for 62 years.

The 1902 Barber dime isn’t the most valuable dime available of its design. The 1894-S has been known to go for more than one million dollars at auction—the highest amount ever drawn for a single dime—because only 24 of these particular coins were struck, and of those, only 9 still exist as far as collectors and the US Treasury are aware.

Still, the 1902 Barber dime carries much more than the value of 10 cents. The coins have silver content, so even a coin worn practically smooth carries scrap silver value. A common method in determining the value of this coin is how clear the inscription of “Liberty” is on Lady Liberty’s headband on the front of the coin. The less worn and more distinct the inscription, the more valuable the coin. Proofs and circulated coins alike are easily found on eBay.

Originally posted 2008-12-06 05:00:12. Republished by Blog Post Promoter

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You might think a half dime is simply a modern nickel. But half dimes were actually silver coins worth 5 cents that were minted before the coins that eventually became our modern nickels. They were authorized in 1792, much smaller than the dimes of the time and much thinner, giving them the actual appearance of being almost half a dime. When lobbyists fought to have nickel included in the creation of new coins in the 1860s, the new three- and five-cent coins pushed out the older silver coins so the original half dimes were last minted in 1873.

The US half dime was minted from 1794 to 1873, and was one of the original coins minted in the United States. The first design is known as the Flowing Hair design because of the Liberty’s flowing hair, but was only struck for 2 years before being changed to the Draped Bust, Small Eagle design. This design also lasted for only 2 years, before half dime minting stopped and wasn’t resumed against until 1800. This design was known as the Large Eagle design, with the Great Seal of the United States appearing on the reverse of the coin. These were struck until 1805, and then no more were minted until 1829.

The half dime that returned in 1829 now bore the words “five cents” instead of half dime. The design appearing on this coin lasted until 1837, when a Seated Liberty design once again bearing the words half dime was minted. New minting in 1837 saw the silver content lessen, though the coins remained the same size. In 1840 the design was changed to include drapery and stars, and wasn’t changed again significantly after that. After the Civil War in 1866, nickel-based 5-cent coins were circulated at the same time as silver half dimes but 1873 saw the last half dimes minted to make way for the 5-cent coins.
Of all the half dimes available today, the 1802 Draped Bust, Heraldic Eagle is one of the most rare and collectible. Only a little over 13,000 of them were struck, but only about 16 are known to exist today. The half dime is still an interesting conversation piece, aside from its collector and real-world value.

Because the silver content of the half dime dropped long before minting stopped, people tended to try to acquire the earlier half dimes so more of the newer coins were struck to replace them. The most valuable coins are the earlier ones with higher silver content, though some were actually minted without the name of the country because of a die problem, and these are valuable novelties for coin collectors.

The half dime is a fairly rare coin so the best places to find one in good condition are places like eBay where a huge variety of sellers can present their items. The best way to find the value of a coin is to consult a coin guide, and compare that to the most recent information you can find online.

Originally posted 2008-12-07 14:00:27. Republished by Blog Post Promoter

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The Morgan Silver Dollar is considered by many to be one of the most valuable US coins that you can collect. It’s history ranges from 1878 to 1904, and during its run, it was one of the first dollar coins that was available for public use, minus the Seated Liberty Dollar. The coin was named for its designer, George T. Morgan and to this day, collectors search for these valuable items.

The main reason that silver dollars were put into use is due to the fact that when the Comstock Lode was discovered, silver prices fell dramatically due to the influx of the rich metal onto the markets. The Bland-Allison act called for coins to be used as currency and the rest is history. It wasn’t until 1921 that silver dollars fell out of use, and during that time many were melted after the availability of silver fell again.

Out of all of the Morgan Silver Dollars that were minted, by far the most valuable one is the one called the King of Morgan Silver Dollars, or the 1895. This is a very rare coin and those that are able to find them are considered to be very lucky indeed. Many private collections contain these rare coins, and there is quite a market for them at auction. Even though the coin itself is worth only 1 dollar in silver, the value of these coins can exceed $120,000.

There is somewhat of a mystery around the Morgan Silver Dollar from 1895 that has sparked collector interest. In total, there were about 12,000 total made during that year, and 880 proofs were created as well. To date, only a small portion of these coins, around 80, have been discovered. That means that somewhere, there are more than 11,920 of these rare coins that are waiting to be found.

No one really knows what happened to them either, which makes finding one all the more special. While all Morgan Silver Dollars are valuable, it’s the King that everyone wants for their collection. In total, more than 500 million Morgans were produced during its minting period and of that amount, approximately 2.5 million are still around.

If you are looking for a true one of a kind collector coin, the Morgan Silver Dollar from 1895 is certainly the one to search for. However, finding any Morgan Silver Dollar is considered to be a feat, especially today when they are very scarce. This is a fun coin to collect and even if you never do find that special King, you can still enjoy your entire collection.

For collectors interested in stumbling onto a King, the best place to start is by looking at auctions, or at online auction sites. Many times, you can find one of these incredibly rare coins for a steal, especially if you purchase a raw lot. The hunt is still on for the King, and with more than 11,000 still out there, there is a chance that you just may be the one to find one.

Originally posted 2008-08-14 05:00:02. Republished by Blog Post Promoter

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