Coins Paper Money

This book covers the basics of collecting coins, including info on storage, where to find coins, strategies to collecting, and much more. It starts with very simple directions and takes the time to define the jargon used by collectors. The author gives different examples of how to begin collecting without being overwhelmed by the process. I think the advice to begin with a certain denomination and use folders to help find the coins to complete a series, helps to keep you from getting frustrated and quitting before you even get started. The author explains how to begin with just searching pocket change and maybe getting some rolls of coins from your local bank, which can be a fun and inexpensive ways to get your feet wet.

The language in the book is written to where a 10 or 12 year old could understand it, but not so oversimplified that it is boring for adults. The author adds little bits of trivia at the end of each section covering a specific denomination and often includes something humorous about the coin.

So if you are a complete newbie or a casual coin collector, this book will give you everything you need to know to either begin a collection or take that jar of old coins you have been hanging on to, and organize them. It should help you make coin collecting a fun and interesting endeavor for you and your family.

Numismatic Photography, 2nd edition USD $19.77 Order Now

Collectors' Coins: Great Britain 2010 USD $9.36 Order Now

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Mar 1878 – The first Morgan Silver Dollar was made in March, 1878 from designs by George T. Morgan, In the eagles tail the feathers numbered eight, but the dies were modified to show just seven feathers. During the second week of production of the new silver dollar Director …The first Morgan Silver Dollar was made in March, 1878 from designs by George T. Morgan, In the eagles tail the feathers numbered eight, but the dies were modified to show just seven feathers. During the second week of production of the new silver dollar Director Linderman came to Philadelphia to meet with the officials and engravers Barber and Morgan. He directed that new hubs be made for the obverse and reverse to slightly reduce the relief of the designs, to facilitate coinage

The Morgan coin had 28 years old history of coinage. During this time it’s design was changed for 5 different mints. Named by its designer George T. Morgan it has the side view of Miss Liberty’s head on the obverse and the eagle with outspreaded wings on the reverse. The eagle holds in his talons an olive branch and a bundle of arrows. Designer put his initials and mintmarks on the both sides: under the Miss Liberty’s neck and under the ribbon on reverse. Depending on the place of coinage coins have 5 different mints on reverse: Philadelphia Mint (P), Carson City Mint (CC), Denver (D), New Orleans (O), and San-Francisco Mint (S).

King of Morgan Silver Dollar

Morgan 1895 – Morgan has 3 rare types. They are: 1889-CC; 1893-S and 1895 Proof. Morgan 1895 is the rarest and has the perfect appearance. According to Red Book 2009 it worth 1,000000 $. But it won such a glory with the help of mystery. The U.S. Mint records show that there were minted 12,000 Morgan’s in 1985 and 880 Proofs. Nowadays there are only 80 Proofs and no one of 12,000 coins in the world. A real mystery? Nobody knows where they are. The proofs to be so valuable that it keeps numismatic world dreaming about discovering another one hoard with Morgan’s if one still exists.

Morgan Dollars were mostly ignored by coin collectors for decades after the coin’s termination. It wasn’t until the early 1960’s that collecting Morgan Dollars started to take off. At this point in time silver was worth around $1.29 per ounce. At this price, the silver metal value of a silver dollar was worth a dollar. Many banks still had bags and rolls of silver dollars and all you needed to do was go down to the bank and ask for them.

In 1960 the silver had an upsurge of price and there was the profit drawing out of it by redeeming silver certificates for Morgan dollar. Some did that until Government went against it but it had steady effect – the interest of public to Morgan dollar had risen.

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Public dissatisfaction with the Seated Liberty design was heard in Washington and Philadelphia as early as 1879. Many felt that the nation’s coin designs were second-rate, but few could have predicted how mundane a change could really be. New designs were submitted by Mint engravers throughout the early 1880s, but the only outcome was the production of a new nickel designed by Chief Engraver Charles Barber in 1883. In 1891, there was much discussion of a public competition for new designs for the dime, quarter and half dollar.

Design Of The “New Dime”

What Barber did was to modify the large head used on the Morgan dollar by adding a Liberty cap and cropping Liberty’s hair shorter in back. He then placed his initial B on the truncation of the neck. The reverse uses almost exactly the same wreath used on the Seated Liberty dime of 1860-91. What Barber did accomplish with his new dime, though, was to design and place into production a coin that would meet the striking requirements of modern, high-speed coin presses.

The first Barber dimes were struck on January 2, 1892. Over a half billion pieces were struck during the next twenty-five years. Some issues have mintages as small as 500,000 (such as 1895-O, 1901-S and 1913-S), and others were struck in quantities as large as 22 million (1907-P). At one time or another four mints struck these coins, and the mint mark of Denver (D), San Francisco (S) and New Orleans (O) can be found on the lower reverse below the knot in the bow (there being no mint mark for coins struck in Philadelphia). Barber dimes are, for the most part, a attainable set of coins with no significant date or mint mark rarities, except for the legendary 1894-S. The low relief design assured that most coins would be sharply struck, except for a few issues from New Orleans (known for weak strikes over the decades).

Barber Dime Rarity

There is one great rarity in the Barber dime series, one of the rarest coins in all of U.S. numismatics, the 1894-S dime. Allegedly, 24 pieces were struck on orders from San Francisco Mint Superintendent J. Daggett. Due to the rarity of the coin and the mysteries surrounding its past, the 1894-S Dime is one of the most valuable coins produced in the United States. In the late 1990s one of the remaining 1894-S Dimes was bought for $825,000. Since then they have sold for $1,035,000 in 2005; $1.3 million also in 2005; and $1.9 million in 2007.Only 10 specimens can be accounted for today, which presents one of the great numismatic mysteries of the past hundred years: Where are the other fourteen 1894-S dimes that were reportedly struck?

Grading

Grading Barber dimes is a moderately simple process. On high grade coins, signs of circulation will first appear on Liberty’s cheek and in the fields. For a coin to be un-circulated, all the mint luster must be uniform and unbroken over both sides. Proofs were struck in each year except 1916, and the only standout rarity is the recently discovered 1893/2 over-date. 1894-S is the only issue in the series to have been counterfeited in any appreciable numbers. Dangerous forgeries have been made by altering the mintmark on an 1894-O or adding one to a Philadelphia coin. Others were made in the mid-1970s in The Philippines.

Barber, Liberty Head or Morgan Dime: Coin Folder 1892 to 1916 Order Now

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Throughout Treasury’s history, the Department has been in charge of overseeing the production of U.S. coins and currency notes for our nation. The United States Mint is responsible for producing coins and the Bureau of Engraving and Printing produces paper money. The Treasurer of the United States advises the Director of the Mint, the Director of the Bureau of Engraving and Printing, the Deputy Secretary and the Secretary of the Treasury on matters relating to coinage, currency and the production of other instruments by the United States.

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