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How Did Covid-19 Affect the Coin Industry?
Posted by Derek Sawchenko on
During the COVID-19 outbreak, the US Mint was closed and stopped producing coins and silver which caused a scarcity of change in circulation. The Philadelphia and San Francisco mints were closed for prolonged periods of time
The Importance of Silver and Gold Eagles and their Importance in Modern Coinage.
Posted by Derek Sawchenko on
Both the American Gold Eagle and American Silver Eagle coins were released in 1986, intending to be competitive bullion coins against other mints in the world. However, they ended up becoming much more than that.
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- Tags: American Gold Eagle, American Silver Eagle, Bullion, Coin Collecting, Coin History, Gold, Silver
Charlotte Mint
Posted by Derek Sawchenko on
The Charlotte Mint was the first United States branch mint. It was located in Charlotte, North Carolina and specialized in gold coinage. Following the primary documented discovery of gold withinside the United States, the country's first gold mine became installed in North Carolina on the Reed Gold Mine. As no mints existed withinside the Charlotte area, miners needed to ship their gold dirt to Philadelphia to be melted and coined. The transportation procedure became difficult, slow, expensive, and dangerous; frustration with this device brought about the advent of personal gold coining operations withinside the Charlotte area. However, making gold into...
Dahlonega Mint
Posted by Derek Sawchenko on
When the Georgia Gold Rush began in the Mid- 1800’s, a branch of the United States Mint was built in Dahlonega, Lumpkin County, to enable Miners to Assay and Mint their Gold without having to travel to Philadelphia. The mint produced coins every year from 1838 through 1861. The commissioner, Ignatius Alphonso Few, purchased ten acres south of Dahlonega for $1,050 (equivalent to $27,581 today) in August 1835. He then hired architect Benjamin Towns, who was the lowest bidder, for $33,450 (equivalent to $878,656 today), to build the mint in under eighteen months. A flywheel, a drawing frame, a crankshaft, a...
The History of the Roosevelt Dime
Posted by Derek Sawchenko on
The Roosevelt dime was minted in 1946 and replaced the Mercury dime. It weighs about 2.268 Grams and the diameter is 17.91 Millimeters or 0.705 of an inch and the edges are reeded. The designer, John R. Sinnock was also the designer of the Franklin half dollar. His initials can be found at the bottom of the dime below Franklin D. Roosevelt’s Neck.