New US Mint Products
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Just in case you are not signed up to receive the US Mint’s monthly emails or you haven’t looked at the US Mint’s web site recently, here’s the Mint’s brief review of their latest products and upcoming releases:
Rolls of the James Buchanan $1 Coins are now available. Each roll is priced at $35.95 and contains 25 circulating quality $1 coins from either the United States Mint at Philadelphia or Denver. The obverse (heads side) features the likeness of James Buchanan, while the reverse (tails) design—common to all Presidential $1 Coins—features the iconic Statue of Liberty, the coin’s face value and the inscription UNITED STATES OF AMERICA. The inscriptions 2010, E PLURIBUS UNUM and the mint of origin are incused on the coin’s edge.
Ouch…numismatists wish they would go back to a reeded or plain edge and restrict the printing to the obverse or reverse side of the coins. In the proof and uncirculated sets, at best, the edges are difficult to view in their protective covering. In rolls, the edges cannot be seen at all unless encased in clear plastic. The worst, however, happens to the coins in circulation. They lose their edge printing quickly.
Next on the US Mint’s recent releases:
The 2010 United States Mint Silver Proof Sets are now available. This year’s set features 14 coins, including the quarters, dime and half-dollar struck in 90 percent silver. The coins are sealed in protective lenses to showcase and preserve their brilliant and exceptional finish. These sets are priced at $56.95 each.
The proof sets’ value initially lies in the beauty of the mirror-like finish on the coins and the care taken by the Mint in their handling and packaging of the sets. But, have you noticed the value of silver recently? It’s rising.
In those 14 coins, five quarters ($1.25), one dime ($0.10) and one half dollar ($0.50) for a total of $1.85 include 1.34 troy ounces of silver. Silver closed today at $19.36 which makes the silver in the proof set equal to roughly $26 – not quite half the cost of the proof set, but close.
In addition to their recent releases, the Mint’s schedule for the upcoming months shows:
| 09/02/2010 | 2010 First Spouse Series One-Half Ounce Gold Coin – Buchanan’s Liberty |
| 09/02/2010 | Buchanan’s Liberty Bronze Medal 1 5/16″ |
| 09/20/2010 | 2010 America the Beautiful Quarters® Bags and Two-Roll Sets – Grand Canyon (AZ) |
| 09/23/2010 | 2010 United States Mint Presidential $1 Coin & First Spouse Medal Set™ – James Buchanan |
| 09/30/2010 | 2010 James Buchanan $1 Coin Cover |
| 11/15/2010 | 2010 America the Beautiful Quarters® Bags and Two-Roll Sets – Mount Hood (OR) |
| 11/18/2010 | 2010 Abraham Lincoln Presidential $1 Coin Rolls |
The Mint’s busy with their products and releases. Plus, their Fiscal Year ends soon. It will be interesting to see what products they’ve increased and decreased year over year from 2009 to 2010 (Fiscal Years).
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Jackie Robinson Dollar
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Have you ever looked at the details on a Jackie Robinson dollar coin? It’s amazing what the artists of the US Mint are able to accomplish in such a small space as the face of a coin. Yes, it’s the dollar, but still it’s a small space.
For the coin commemorating Jackie Robinson, the artist shows him sliding into base. But, just look at the detail.
Look at Mr. Robinson’s clenched right hand. It’s as if that clenched fist can help him slide safely into home plate. You can clearly see the fingers curled into the palm along with the thumb. His arm muscles and tendons, strengthened from his workouts and play with the team, show on the larger view.
On the opposite side, he throws his left hand out to help balance him as he slides into base. Again, the artist shows the curled fingers, but this time, you can also see the thumbnail.
At the top of the image, the face shows Mr. Robinson’s focus and determination to score. Looking closely, you can see the seams in his cap with its curved bill along with the “B” on the front for his Brooklyn team.
On a broader scale, there’s just as much if not more detail on his uniform. “Dodger” for his team shows on the front of his shirt along with his belt threaded through its loops on his pants. Even a couple of buttons are visible on his shirt. Of course, an active player’s uniform has wrinkles associated with his movement, in this case a slide into home plate.
Following down the coin for the rest of the story, his right foot kisses home plate as his left knee and foot hide behind the dirt and dust from his slide. With his determination and focus, he succeeds in gaining another run for his team.
Looking at the whole picture, this commemorative coin honors Jackie Robinson by telling the story of his ball playing successes.
In summary, the US Mint’s artists provide wonderful insights into their subjects on small round disks. Their skill and artistry frequently astounds. No wonder people like to collect coins!
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RFID, Coins and Currency
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Last night, one of the fictional cable shows talked about how our (US) currency gives off radio frequency information, and when in large quantities such as a ransom payment, it gives off much more information.
Remember, this was a FICTIONAL show. But, how close are we to having RFID (Radio Frequency Identification) embedded into our currency? It could happen.
This is an interesting commentary from RSA Laboratories on RFID in currency:
Will RFID tags be embedded in currency? If so, when?
Various media reports have suggested that there were plans in Europe to embed RFID tags in currency by 2005. It is the position of RSA Laboratories at this time that such a plan is highly unlikely in the next several years. Indeed, RFID tags do not seem likely to serve as a cost effective anti-counterfeiting measure at present. RFID tags might be used to help track currency. As explained in a scientific paper by RSA Laboratories, however, it is very difficult to provide tracking capabilities to law enforcement authorities without making those capabilities more generally available and thus jeopardizing privacy.
With a simple search via Google, several patent requests such as “Passive radio frequency identification system for identifying and tracking currency” and “Embedded RFID Verifiable Currency” can easily be found.
Plus, there’s significant discussion about tracking Euros, especially large denominations, with an RFID thread. From a technology perspective, here’s an article from 2003: Radio ID chips may track banknotes. Along that same vein, here’s a discussion of the RFID Euro on a collector’s web site: RFID Banknotes.
But, RFID information can also be attached to coins. Take a look at this 2007 article: Canadian coins bugged, U.S. security agency says. But as one gentleman in the article claims, “From a technology perspective, it makes no sense. To me it’s very strange. You give the guy something with a transmitter that he’s going to spend — I mean, he might have it for an hour.” He’s right, putting a transmitter on a coin for spy purposes does not make sense.
A search for “RFID” on the Bureau of Engraving and Printing web site shows information about how RFID might help the visually impaired. However, some think a better optical reader for the current currency would be more cost effective and easier to do.
For more interesting (and scary) information check out this 2004 summary document FTC Workshop on Radio Frequency Identification: Applications and Implications for Consumers from EPIC (Electronic Privacy Information Center) where they claim, “RFID should never be employed in a fashion to eliminate or reduce anonymity. For instance, RFID should not be incorporated into currency.” Then later in the document, they comment, “Money now poses a risk to privacy because governments are considering embedding RFID tags in currency.”
EPIC’s main web site’s RFID pages also provide more information along with more recent legislation proposed. Scrolling down their page, they include a discussion on how to protect your privacy with the increasing technology and “Big Brother is Watching” concerns. Plus, they have links to many other web sites about the use of RFID technology.
One more site, RFID: Radio Frequency Identification Technology and its impact on privacy, includes a discussion of RFID and lists a significant number of other web sites with details about the use of RFID technology, both helpful and a threat to our privacy.
Back to the origin of this post. The statements made in last night’s fictional show about RFID information in our currency appear to remain fiction, but they could become fact.
(On a side note, a couple of years ago, many of the technology sites suggested a hammer blow strategically placed was the best solution for the RFID chip in the new passports. In the one of the links above, an article discusses how the Dutch considered our e-Passport technology until they determined an individual’s passport information was easily copied and compromised from 20 feet away.)
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First Spouse Coins in 2009
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Did you know there were four presidential coins released by the Mint in 2009, but there were five first spouse coins?
The four presidential coins for 2009 included the ninth president, William Henry Harrison who served in 1841, the tenth president, John Tyler from 1841-1845, the eleventh president, James K. Polk from 1845-1849, and the twelfth president, Zachary Taylor from 1849-1850.
The five first spouse coins included Anna Harrison, Letitia Tyler, Julia Tyler, Sarah Polk and Margaret Taylor.
While in office, John Tyler had three First Ladies but only two wives – thus only two first spouse coins.
John Tyler married his first wife, Letitia Christian, on his 23rd birthday, March 29, 1813. In one of the few love letters found in their belongings, he writes, “Whether I float or sink in the stream of fortune, you may be assured of this, that I shall never cease to love you.” They were together until her death on September 10, 1842.
Letitia preferred to keep a low profile during all of his political years, instead she tended to their plantation home in Virginia. Her daughter-in-law described her as “the most entirely unselfish person you can imagine…Notwithstanding her very delicate health, Mother attends to and regulates all the household affairs and all so quietly that you can’t tell when she does it.”
Letitia Tyler was the first First Lady to die while her husband served as president. Her death in 1842 followed ill health after a paralytic stroke in 1839. Though she did receive prominent visitors such as Charles Dickens and Washington Irving while at the White House, the only time she came out in public was for their daughter’s wedding in January of 1842.
After her death, Priscilla Cooper Tyler became the First Lady. She was the wife of John and Letitia’s oldest son, Robert. Priscilla served as the twelfth First Lady from September 10, 1842 until June 26, 1844.
John Tyler met Julia Gardiner of New York in early 1842, but they did not begin seeing each other as the beginning of a relationship until early 1843 after his first wife’s death the previous September.
On a presidential excursion on the naval frigate Princeton, Julia’s father lost his life in a naval gun explosion. Tyler comforted Julia and shortly thereafter asked her to begin a secret engagement. Due to the circumstances of her father’s death, they kept their closer relationship quiet and had a secret ceremony in New York on June 26, 1844.
At that time, Julia Tyler became the thirteenth First Lady. Since Julia was a spouse, the Mint provided a coin for her:
Of course, there was considerable discussion at the time with Julia being only 24 to Tyler’s 54 years. Regardless of the issues with both family and constituents, Julia enjoyed helping Tyler with various political goals and functions. She is credited with being instrumental in obtaining the Congressional approval for the annexation of Texas. So much so that Tyler gifted her with the ceremonial signing pen which she proudly attached to her necklace and wore on formal occasions.
After the presidency, John and Julia Tyler remained together at Sherwood Forest Plantation in Virginia until his death on January 18, 1862 at age 71. Julia moved to Staten Island near her family after his death, but her fortunes suffered during the Depression following the 1873 financial debacles. She moved back to Virginia to live with the aid of their grown children until suffering a stroke in 1889. She died on June 10, 1889 at age 69.
By all accounts, John Tyler was prolific as a politician serving in several elected positions in Virginia and for the country. He was also prolific at procreation as he and Letitia had eight children, seven of which grew to adulthood. His marriage to Julia yielded seven more children who all grew to adulthood. Their birth years ranged from 1815 when he was 25 to 1860 when he was 70 years old.
At best, the Tyler family gatherings had to be interesting in the latter years of his life.
Isn’t it interesting what a few coins can entice one to learn?
Note: Coins images by the US Mint
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NEW – Yosemite Quarter
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Last week on July 29, the US Mint held an event at Yosemite’s Valley Visitor Center to announce the Yosemite Park quarter dollar as the third in the America the Beautiful series. Director Moy of the US Mint was joined by Don Neubacher, Superintendent of Yosemite National Park, Kevin Cann, Chairman of Mariposa County Board of Supervisors and Tom Bopp, Cultural Historian.
Just look at the beauty of El Capitan on the new quarter:
Did you know Yosemite means “among them are killers?” The word comes from the American Indian language and described the Ahwahneechee people.
In 1864, President Abraham Lincoln signed a bill granting Yosemite Valley and Mariposa Grove to the state of California. With help from John Muir and others, Yosemite officially became a national park on October 1, 1890. Now, 120 years later with over 3.5 million visitors each year, 95% of the park remains wild and free.
The new quarter includes one of the parks icons, El Capitan. From the National Park Service’s web site, “El Capitan is a favorite for experienced rock climbers. Rising more than 3,000 feet above the Valley floor, it is the largest monolith of granite in the world. El Capitan is opposite Bridalveil Fall and is best seen from the roads in western Yosemite Valley, including Tunnel View, Bridalveil Fall area, and El Capitan Meadow.”
Not included on the coin but also iconic of the area are the Giant Sequoias in the Mariposa Grove. Some of the beautiful trees in Yosemite are estimated at over 3000 years old.
The park boasts 1169 square miles or 747,956 acres of land. With 95% of the park designated as wilderness areas, that keeps over 710,000 acres protected from development. People can enjoy the hundreds of wild animal species and thousands of plants in their natual habitats.
John Muir said of Yosemite, “It is by far the grandest of all the special temples of Nature I was ever permitted to enter.” The park is known for its granite cliffs and monoliths, its waterfalls and clear running streams, the giant sequoia groves and the redwoods, along with the two rivers , the Tuolumne and the Merced, that run wild through the park.
To help visitors enjoy the park, there are 800 miles of hiking trails and 282 miles of road. But, in addition to nature’s beauty, the park also houses five historic landmarks in the form of hotels and lodges.
The new Yosemite quarter honors the park and serves as a reminder of the beauty nature offers.
More information about the coin and its release can be found on the US Mint’s America the Beautiful web site for Yosemite.
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George Washington Coins
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Have you ever considered just how many coins honor George Washington, our first President?
Actually, he was on the first coin to include a US President’s image in the design. The coin produced in 1900 also happened to be the first commemorative one dollar coin. Known as the Lafayette dollar, the profile behind President Washington is that of the marquis de Lafayette.
The gentleman’s real name was Marie Jean Paul Joseph Roche Yves Gilbert du Motier, Marquis de Lafayette. As a young Frenchman, he was interested in America’s Declaration of Independence. He came to America in 1777 to volunteer his aid in America’s revolutionary efforts against Great Britain. On August 1, 1777, the young marquis met George Washington and began a life-long friendship.
In 1824, “in consideration of his services in the Revolutionary war, Congress voted him a grant of $200,000, besides a township of 24,000 acres, to be assigned somewhere among the unappropriated public lands.”
The obverse of the Lafayette dollar with Washington and Lafayette’s profiles:
In 1926 to celebrate the nation’s sesquicentennial (150 years) of the Declaration of Independence, another coin with a profile of Washington was minted. In addition to Washington, President Calvin Coolidge’s profile was included in the design. This coin’s design included the first instance of a living President’s likeness. The coin’s proceeds helped raise funds for the celebratory fair held in Philadelphia, Pennsylvania.
The 1926 commemorative half dollar:
Going in date sequence, the quarter in 1932 became the next coin to use Washington’s image. The quarter includes Washington in the circulating coinage from the silver in the earlier years to the clad coins we know today. The quarter with the Washington obverse started with a standard reverse with the heraldic eagle, then included the bicentennial reverse in 1975-76, the state quarters from 1999-2008, the District of Columbia and Territory quarters in 2009 and the latest national park quarters from 2010 to 2021.
But he was also honored on other commemorative coins. In 1982, the first of the Modern Commemorative coins recognized the 250th anniversary of Washington’s birth year. This coin, instead of focusing on Washington’s face and head, includes him riding a horse. Of all the Washington designs, this one provides more insight into his life and the time he lived.
The next commemorative to recognize Washington occurred in 1999. The Mint produced a $5 gold coin as the 200th anniversary of Washington’s death in 1799. This coin showed another profile portrait of the late President.
Again, continuing in date order, the next coin to show Washington’s likeness is the $1 Presidential coins in circulation today. As the first President, the introduction of this series in 2007 began with the golden dollar coin showing Washington in a three quarters view.
Of course, in addition to coins – both circulating and commemorative, we see George Washington every time we use a dollar bill to pay for something.
These coins recognize and remember a man who was instrumental to the founding of our country.
(Note: Images courtesy of the US Mint)
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2010 Mint Sets
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Late last week, the US Mint sent email alerts about the new 2010 uncirculated sets (more commonly called “mint sets”). The Mint now has the sets available for purchase.
Their email included a picture of the set:
As they say, “it takes two to tango.”
Each uncirculated set contains two sleeves of coins, one from the Philadelphia Mint (blue) and one from the Denver Mint (red).
Each of the two sleeves contains fourteen coins:
Five of the coins include the first five “America the Beautiful” quarters. Those five quarters correspond to Hot Springs National Park in Arkansas, Yellowstone National Park in Wyoming, Yosemite National Park in California, Grand Canyon National Park in Arizona, Mount Hood National Forest in Oregon.
As for circulating the new quarters, both the Hot Springs and Yellowstone quarters are already available. Yosemite will be available on July 26, Grand Canyon on September 20 and Mount Hood on November 15.
Four coins include the fourth year of the Presidential $1 coins. This year, the thirteenth through sixteenth presidents are honored with their own golden dollar. These presidents are: Millard Fillmore who served from 1850-1853, Franklin Pierce: 1853-1857, James Buchanan: 1857-1861 and Abraham Lincoln: 1861-1865.
Circulating versions of both the Millard Fillmore and Franklin Pierce coins are already available. The Buchanan dollar becomes available on August 19 and the Lincoln dollar on November 18 in circulation coinage.
A fifth golden dollar has the recognizable image of Sacagawea and her infant on the obverse, but this year’s coin has a new reverse. The design shows the Hiawatha Belt around five arrows and states “GREAT LAW OF PEACE” and “HAUDENOSAUNEE” on the image.
One of the coins in the fourteen is the new Lincoln penny with the shield on the reverse. Unlike the four different reverse designs introduced in 2009 for only one year, this new shield design will be continued in subsequent years.
Next in the uncirculated set is the nickel which has the off-set portrait of Thomas Jefferson that was first seen on 2006 coins. The reverse of the nickel contains the iconic Monticello design.
The last two coins, the dime and the half dollar, remain with their portraits of Roosevelt and Kennedy. The dime’s reverse includes the familiar torch, olive branch and oak branch, and the half dollar shows the heraldic eagle recognizable from the presidential seal.
Though several of these coins are not yet available in circulation, the uncirculated set is obtainable and includes twenty-eight coins - fourteen coins each from Philadelphia and Denver.
If you have difficulty finding the new coins in circulation in relatively unharmed condition (meaning minimal nicks and scratches), the uncirculated set provides a beautiful example of the coins that go into circulation each year.
You can order the set from the Mint or from other internet sources. If you prefer to review prior to purchasing, dealers will soon have versions available at their shops and at coin shows.
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Fuzzy Logic
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Do you know that you can sign up to receive emails from the US Mint about their products? It’s easy to do. Click here to go to their newsletter web page.
Now, with that introduction, the Mint’s most recent email detailed the list of scheduled product releases for the remainder of the year. But, once again, their dates for American Eagles, either proof or uncirculated and either silver or gold, have a “TBD” in the date column. Of course, TBD means the Mint has not determined if they will produce Eagles this year, or if they do, which version they will mint.
In their email, each Eagle line item includes an asterisk (*) which corresponds to an explanatory note at the bottom:
“Public Laws 99-61 and 99-185 mandate that the United States Mint mint and issue its American Eagle Silver and Gold Bullion Coins ‘…in quantities sufficient to meet public demand…’ There is no corresponding legal requirement to mint and issue the proof and uncirculated coins in quantities sufficient to meet public demand. The United States Mint, however, is continuing to work with current and potential blank suppliers to increase the supply of silver and gold blanks in amounts that may make it possible to offer the proof and uncirculated versions of American Eagle Silver and Gold Coins in 2010.”
Perhaps it’s picking a nit, but their logic seems rather fuzzy.
Since Eagles, either gold or silver, are not circulating coins, then who decides “…quantities sufficient to meet public demand?” And, how do they differentiate demand for coins that will never be in circulation from the demand for proof and uncirculated versions for which there is “no legal requirement?”
People within the dealer community along with investors and numismatists have shared their displeasure with the US Mint about the lack of both proof and uncirculated Eagles. In 2009, there was concern Eagles would not be minted at all. Late in the year, the Mint did provide each version of the uncirculated silver and gold coins (only from one mint), but no proof versions were made available for customers.
The gold Eagles were only minted in Philadelphia. Whereas in earlier years, the Philadelphia mint provided the uncirulated Eagles, and West Point minted the proof versions. For 2009, the uncirculated silver Eagles were minted in West Point but without a mint mark. In earlier years, West Point minted both the unciruculated and proof silver Eagles and included a “W” mint mark on the proof versions.
There is still time in 2010 for the Mint to strike and provide proof and uncirculated Eagles to their customers – collectors and investors. But, will they?
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Washington and 1776
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On July 6, 1776, John Hancock, President of the Continental Congress in Philadelphia, sent a copy of the recently completed Declaration of Independence to George Washington. A portion of the very document printed by John Dunlap and taken to Washington in New York still exists. A larger view can be seen at the Library of Congress: George Washington’s copy of the Declaration of Independence.
Just look at the care and respect Washington afforded the document. It shows some wear, but think about the time - photo-grade plastic to seal the document did not exist. Plus, he was preparing for battle with the British. How did the document survive all of the strife he faced and still be legible over 230 years later?
George Washington and his militia were assembled in New York and waiting for the expected attack from the British. On July 9, 1776, Washington held an American Independence celebration in New York City and had the Declaration of Independence read to his troops. This is noted as the first public reading of the Declaration of Independence.
Washington also sent copies of the document to his commanding officers and asked that they share the information with their men.
The letter below from Washington to General Artemis Ward on July 9, 1776 accompanied the Declaration. (Larger views of the letter’s pages can be found at the Library of Congress. Click on the “Page #” to go to their site.)
Many of Washington’s papers including his work with weather and his farm in addition to papers from the American Revolution and his time as President can be found at the Library of Congress in their George Washington Papers.
As the first President, he was honored with a golden dollar in 2007 as part of the Presidential Dollar series from the US Mint.
Yes, July 4th and its celebrations were last weekend. But, it took years and many sacrifices to achieve our independence.
President Washington and his golden dollar can help remind us that “Freedom is not Free.”
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Celebrate Independence
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In 1987, the US Mint produced coins, a silver dollar and a five dollar gold coin, commemorating the 200th anniversary of the Constitution of the United States.
This weekend as we celebrate our independence gained in 1776, it’s important to remember the efforts of the Founding Fathers in developing the Constitution which embodies the fundamental principles of our government.
Several years after we gained independence, the Founding Fathers’ efforts coalesced in the Constitution Convention. The men met in Philadelphia in the summer of 1787. The meeting was to start on May 14, but a quorum did not exist until May 25.
Whether by design or by accident, the Founding Fathers exhibited wisdom in their broad cross-section of backgrounds and interests. Sure, there were the lawyers, at least men who studied law, but there were also soldiers, planters, educators, ministers, physicians, financiers, and merchants who debated the elements of the Constitution.
In fewer than 100 working days, these men in their woolen clothing without deodorant and without air conditioning in the hot, humid Philadelphia summer discussed, argued and drafted the Constitution.
When finalized, the men of the Constitution Convention provided the draft documents to Jacob Shallus who “engrossed” the copies of the Constitution. In 1787, “engrossed” meant “to write or transcribe in a large, clear hand” and “to write or print the final draft of an official document.” At the time, Shallus was an assistant clerk to the Pennsylvania State Assembly with an office in the same building housing the Constitution Convention.
The physical Constitution consists of four sheets each with dimensions of approximately 28 3/4 inches by 23 5/8 inches. The pages include 4,543 total words (counting the subsequent signatures). Historical records show a sum of $30 paid for “clerks employed to transcribe & engross.” In today’s dollars, that would be roughly $715 (using this inflation calculator). Whether $30 or $715, the price was amazing for such a beautiful and important document that has transcended time.
Most people are familiar with the large, beautifully transcribed beginning of the Constitution, “We the People.” This important beginning also played an integral role in the obverse design of the 1987 U.S. Constitution Bicentennial Silver Dollar.
1987 US Constitution Bicentennial Silver Dollar obverse
Ms. Patricia Verani’s design not only replicates the work of Mr. Shallus in her portrayal of “We the People,” but she also includes four pieces of slightly curled parchment paper and a quill pen –the engrossing tool of the day – in her depiction. Below the design, thirteen stars recognize the initial thirteen states that ratified the Constitution.
The states ratified the Constitution in the following order: Delaware, Pennsylvania, New Jersey, Georgia, Connecticut, Massachusetts, Maryland, South Carolina, New Hampshire, Virginia, and New York. After Washington had been inaugurated as the first President, North Carolina and Rhode Island finalized the ratification list.
The reverse design of the commemorative silver dollar represents the many people, not only of the initial thirteen states, but all who have benefited from the work the Founding Fathers achieved with the Constitution.
1987 US Constitution Bicentennial Silver Dollar reverse
Commemorative coins such as this 1987 Constitution Bicentennial Silver Dollar provide beautiful glimpses into our important history.
More interesting facts about the Constitution and our early history can be found at the web site for our National Archives.
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