Olympic coin sparks some controversy

Critics assail headless nude models on statue, coin. This article From the Memory Bank series was first published in the June 22, 2015 issue of Coin World, available here.

The United States experienced a deep recession between 1980 and 1982.

1984 Olympic Coins - Cash In Your Coins

Robert Graham’s “Olympic Gateway” sculpture featuring headless nude male and females figures sparked criticism when selected as the dominant design element of the 1984 Olympic silver dollar. Graham also designed the Eagle reverse.

Rather than build new athletic venues, the United States Olympic Committee and the Los Angeles Olympic Organizing Committee opted to rely mostly on existing venues and to seek corporate funding and surcharges from sales of commemorative coins to finance hosting the Games of the XXIII Olympiad.

The opening ceremonies of the 1984 Summer Olympics were to be held in the Los Angeles Memorial Coliseum, which had been built for the 1932 Games.

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U.S. Coin Basics: Native American Dollar Coin

Native American Dollar Coin - Cash In Your Coins

The 2015 Native American dollar coin features Sacagawea on the obverse and a Mohawk ironworker reaching for an I-beam at a high elevation with a view of the New York City skyline in the background on the reverse. (Images courtesy U.S. Mint)

Few Americans ever encountered a Sacagawea dollar coin in circulation. But Native Americans took pride in the fact that Sacagawea, the young Shoshone who was a guide and interpreter for the Lewis and Clark expedition to the Pacific Northwest from 1803 to 1806, was selected to grace the obverse of the circulating dollar coin introduced in 2000.

Dismayed at the Sacagawea dollar’s lack of circulation and disturbed that it would be reduced to storage in Treasury vaults if the Presidential dollars succeeded in capturing the public’s attention, the Native American lobby found a powerful ally in North Dakota Sen. Byron L. Dorgan. Continue reading

U.S. Mint Presidential Medal Series

U.S. Mint medal series honors past presidents

Program has 18th century origins but continues through George W. Bush. This article From the Memory Bank series was first published in the May 25, 2015 issue of Coin World, available here.
Medals of the Presidents - Cash In Your Coins

The U.S. Mint’s series of Presidential medals was sold in albums in the past, but now few medals remain available, and so far none honors President Obama.

The U.S. Mint Presidential Medal Series is among the United States Mint’s most historically important and sustained medals programs.

The series originated in 1792 and played an important role in the nation’s expansion westward. The British, French, and Spanish had long courted favor with American Indian leaders by giving gifts, especially medals. Leaders in the new U.S. government, especially Secretary of State Thomas Jefferson, thought it symbolically important to continue presenting medals as a means of maintaining peaceful relations with Indian tribes. Continue reading

Four 700 year old Islamic silver coins – Ask Beth

Another one of our blog readers submitted a question about some Islamic ancient silver coins, which is included below:

Islamic Coin sample from reader - Cash In your CoinsHello I am from India and I have 700 years old four Islamic ancient
silver coins. I would like to sell these its Weight: 11.05 gm.,
Diameter: 27 mm., Die axis: 9 o’clock Legend / Legend, naming the king
as sikandar al-shani (the second Alexander) , 10.5 gm., Diameter: 21
mm., Die axis: 9 o’clock Legend / Legend, naming the king as sikandar
al-thani (the second Alexander) , 6.5 gm., Diameter: 14 mm., Die axis:
9 o’clock Legend / Legend, naming the king as sikandar al-thani (the
second Alexander). I have these types of rare sequence coins. please
reply soon i am waiting.

Dilip Sharma

My reply to Dilip Sharma: Continue reading

1796 – 1804 One Dollar Silver Coins – Ask Beth

A website visitor and blog reader contacted me with the following question:

Dear All, 
Have a nice day,……Say hello from Jakarta-Indonesia 
Please need advice that I have collection a numbers of 1796 – 1804 One Dollar Silver Coins and I have contact a such institution regarding old coins, and send them a picture of my collection. They told me that coins was forgery and don’t have commercial value. 
Please need advice 
Thanks and Best Regards 

Here is my response: Continue reading

U.S. Coin Basics: Presidential Dollar Coin

Could third attempt be a charm for small dollar coin?

Presidental Dollar Coin - Cash In Your Coins/image compliments of Coin World

The Presidential $1 Coin Act of 2005 authorized the production of Presidential dollars coins for circulation as well as the First Spouse bullion coin program, which also included bronze medals.

Within two years of introduction in 2000, it was evident the Sacagawea dollar would suffer the same fate as its predecessor, the Anthony dollar. Given a choice, the public would choose the $1 note rather than a dollar coin.

Although studies suggested a dollar coin would save the government up to $500 million per year due to replacement costs (the coin would circulate up to 30 years and the paper equivalent would last between 14 and 18 months), practicality and habit still reigned. However, Rep. Michael Castle, R-Del, was determined to find a way to obtain greater circulation. He looked to the success of the 50 State quarter dollars program and began advocating a redesign of the dollar coin. His idea was bolstered by a national survey and study conducted by the Government Accountability Office that indicated many Americans who did not seek or who rejected the Sacagawea dollar for use in commerce would actively seek a dollar coin if an attractive, educational rotating design were to be struck on the coin. Continue reading