Login

s12k3's Blog

10 Oct 2020

YN Auction Wins!

Coins | s12k3

Hey guys! I recently got my auction wins in the mail, and I am super excited to share how it turned out. The Young Numismatists auction was very good. Thank you to Sam and all of the donors to give us this chance. The Young Numismatists program is amazing. That said, let's jump into the coin.

READ MORE
26 Sep 2020

The History of the 3 Cent Piece

Coins | s12k3

Hey Guys! This will be a blog on the three cent coin, also known as the trime. The three-cent coin was proposed in 1 8 5 1 both as a result of the decrease in postage rates from five cents to three and to answer the need for a small-denomination, easy-to-handle coin. The three-cent silver featured a shield on a six-sided star on the obverse and the Roman numeral III on the reverse. The coin was initially composed of 75% silver and 25% copper to ensure that the coin would be considered real currency yet not worth melting down for the silver. The same coin was later made in nickel because people were hoarding these coins because of the silver. The coins were physically the lightest-weight coins ever minted by the United States, weighing only 4/5 of a gram and with a diameter smaller than a modern dime and only slightly greater than the smallest gold dollars. The silver coins were known as fishscales. The term trimes is often used today for these coins, and was first used by the director of the United States Mint ( James Ross Snowden ) at the time of their production.

READ MORE
20 Sep 2020

The History of The Peace Silver Dollar

Coins | s12k3

Hello everybody! This blog is going to be about Peace Dollars. This one's for you @Longstrider. Let’s start from the history. The Peace dollar is a United States dollar coin minted from 1921 to 1928, and again in 1934 and 1935. Designed by Anthony de Francisci, the coin was the result of a competition to find designs emblematic of peace. Its obverse represents the head and neck of the Goddess of Liberty in profile, and the reverse depicts a bald eagle at rest clutching an olive branch, with the legend "Peace". It was the last United States dollar coin to be struck for circulation in silver. With the passage of the Pittman Act in 1918, the United States Mint was required to strike millions of silver dollars, and began to do so in 1921, using the Morgan dollar design. Numismatists began to lobby the Mint to issue a coin that memorialized the peace following World War I; although they failed to get Congress to pass a bill requiring the redesign, they were able to persuade government officials to take action. The Peace dollar was approved by Treasury Secretary Andrew Mellon in December 1921, completing the redesign of United States coinage that had begun in 1907. I wish silver coins were still minted for circulation today, but it is not possible with the skyrocketing price of silver. During World War I, the German government hoped to destabilize British rule over India by spreading rumors that the British were unable to redeem for silver all of the paper currency they had printed. These rumors, and hoarding of silver, caused the price of silver to rise and risked damaging the British war effort. The British turned to their war ally, the United States, asking to purchase silver to increase the supply and lower the price. In response, Congress passed the Pittman Act of April 23, 1918. This statute gave the United States authority to sell metal to the British government from up to 350,000,000 silver dollars at $1 per ounce of silver plus the value of the copper in the coins, and handling and transportation fees. Only 270,232,722 coins were melted for sale to the British, but this represented 47% of all Morgan dollars struck to that point. The Treasury was required by the terms of the Act to strike new silver dollars to replace the coins that were melted, and to strike them from silver purchased from American mining companies. I hope you liked today’s blog, see you next time!

READ MORE
20 Sep 2020

Pandas and Kookaburras

Coins | s12k3

Hey Guys! Today I am going to write about Chinese Silver Pandas and Perth Mint Kookaburras that I own. My school started a week ago so I might not be able to write as much as I did before. That said, let’s jump right into the blog!One of my rarest bullion coins is my colorized silver bullion coins is my colorized silver panda set. According to JM Bullion, “The Chinese Silver Panda coin is one of the most popular annual releases in the silver bullion market. Produced by the Chinese Mint, the primary attraction of these silver coins is the new design that features on the obverse of the coins each year. However, each year there are low-mintage releases of bullion coins that have been altered by authorized third-party groups with beautiful colorization.” There are only 500 of these coins minted, and I have number 313. The coin comes with a COA as well. It features a colorized obverse and one coin shows sunlight, and one coin shows the moon. It has a very big premium over spot, but I think it is worth it. One thing they could improve is colorize the reverse. That would make a big difference, but it would cost more. Overall, it is an amazing coin.I also bought multiple Chinese Silver Pandas. If you buy more than 10 of them, they come in a sheet that holds up to 15. It is a great way of storing them. Since the silver coin debuted in 1983 in proof and 1989 in bullion, there has been a fresh image of the Giant Panda on the obverse every year except for one. The 2002 coin recycled the design from 2001, but due to the lack of popularity for that move, it was never repeated by the Chinese Mint. It used to weigh 1 troy ounce, but now they changed it to 30 grams. I think this was a poor move because most bullion coins weigh 1 troy ounce. Nevertheless, they are very popular in the collector and investor community. I personally love them. My second favorite design is the Kookaburra from the Perth Mint.The Kookaburra coin series is the greatest coin series in Perth Mint history. It has a ridiculous mintage number though. The max mintage is FIVE HUNDRED THOUSAND coins. As always, the pictures of all these coins are down below. Thank you for reading!

READ MORE
10 Sep 2020

The History of The Morgan Silver Dollar Part 2

Coins | s12k3

Hey Guys! It seemed like you enjoyed the last part of the Morgan Silver Dollars, so I decided I will do another. In the early 1960s, a large quantity of uncirculated Morgan dollars in their original bags were discovered in the Treasury vaults, including issues once thought rare. Individuals began purchasing large quantities of the pieces at face value and then removed them from circulation through hoarding, and eventually the Treasury stopped exchanging silver certificates for silver coins.I wish I could get Silver Dollars for face value! Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration (GSA (Picture attached below)). All of the Carson City mint coins are key dates and worth more than regular coins even in bad condition.

READ MORE
06 Sep 2020

The History of The Morgan Silver Dollar

Coins | s12k3

Hey guys! Today I am going to write about the history of Morgan Silver Dollars. The Morgan silver dollar was first minted from 1878-1904, and again in 1921.The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, while the reverse shows an eagle with wings outstretched. The mint mark appears on the reverse above the "o" in "Dollar". If there is no mint mark, it is a “P” mint mark. I personally love Morgan Silver Dollars. They have an amazing sound when they clang together. (I know, I probably shouldn’t do that) They contain 90 % silver and 10 % copper thus having beautiful toning. The dollar was authorized by the Bland–Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland–Allison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, once again, was repealed in 1893.n 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. In the same year, the produced a new coin. The Peace dollar. This is the topic for another blog though. I have added a couple of photos for you to see. Some are of my own coins, while others I found on the internet. Thank you for reading the blog, this was just part one, I may write a few more parts in my blog if you guys like it. I have one 1889 Morgan Silver Dollar, Three 1896 Silver Dollars, and 4 1921 Morgan Silver Dollars. One of the pictures I put below is of a beautifully toned silver Dollar.

READ MORE
We use cookies to provide users the best experience on our website. If you continue without changing your cookie settings, we'll assume that you agree to receive all cookies on money.org. You may disable cookies at any time using your internet browser configuration. By continuing to use this website, you agree to our privacy policy and terms of use. To learn more about how we use cookies and to review our privacy policy, click here.