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Colorized coins have been the subject of many heated debates amongst numismatists. They were once just novelties made by third parties who though the ATB quarters would looked cooler if somebody knocked a paint can on top of them (roll searchers know what I mean). But in more recent times, many mints from across the world (and even the US mint) have made colorized coins for sale to collectors, and in some cases, for circulation.
An off center happens during the striking portion of the minting process. Off centers occur when a coin is placed in the retaining collar incorrectly, and the planchet is struck from an unintended odd angle, resulting in a half coin, half planchet look. Off centers (and broadstrikes) can not commonly be found in rolls because of their un-circular shape. These coins leave the mint in bags when they slip out undetected, and enter general commerce.
The destruction of the main New Orleans Bank was not a marvel. It wasn’t highly publicized, and nobody really thought anything of it. Until a few minutes after 12:00 on October 29th, 1982. That’s when a bulldozer went over a patch of dirt, to reveal a crate busted open by the weight of the machine. And surrounding it, was coins. Lots of coins. A scrabble begins; everyone from the operator of the bulldozer to the random bystanders brave the muck to find over 1,000 silver, and some gold, coins from the site. People where digging, “…like groundhogs.” One construction worker recalls. “I was watching for about 45 minutes and people were running in from all directions.” The coins were from the early 1840s, and although most were Spanish-American issue, there were a couple hundred US issued coins, including the 1840-O and 1841-O Liberty Seated Quarters. The people that finally retreated from the frenzy were covered in mud from head to toe, but they had pockets full of coins us numismatists will treasure for the rest of our lives.
So, I first found out about the Baltimore Find after getting the Red Book for Christmas in 2019. As any collector would do after receiving such a gift, I literally read every single word from page one to the last page. I'm not kidding. I even read the copyright stuff. Anyways, the hoards section was always very intriguing to me, and I just remembered that a couple of days ago. I went back to that copy I got in 2019, and reread the hoards section. Hence, my hoard related blogs. Just wanted to give a little background.
The Aaron White Hoard is one of the largest hoards of coins from a single person. It consisted of over 100,000 coins, and the history of the hoard is intriguing.
Class Two 1804 Dollar: This dollar coin is one that you won't find in ANYONE'S collection: it's the only one in existence today. What is interesting about this coin is that it was originally a 1857 Swiss Thaler (the producer decided to strike the coin over another existing coin instead of making a planchet for it to be struck on).
The US realized their mistake around 1952, and requested the coin back. But World War II happened, and the return was delayed. Then, many of King Farouk's coins were auctioned off, one of which was the 33' double eagle. The US asked once again for the coin, and authorities in Egypt said they would comply, but the coin vanished. Until 1996.
Hello fellow YNs and YNH!
Originally, the 1933 double eagle was supposed to be a common circulating coin in commerce. There were 445,500 originally made in 1932, and they were set to release in early 1933. But before they could be released, the current president at the time (Franklin Delano Roosevelt), signed Executive Order 9102, in an attempt to end the 1930s bank crisis, which was caused by hoarding of coins. It outlawed the possession of gold coins made for circulation, with an exception for pieces made for collectors. All of the 1933 double eagles were supposedly melted except for two, which went to the Smithsonian National Institute. Were they all melted? Unbeknownst to the general public, 20 more of the gold coins (probably stolen by the US Mint chassier) survived and ended up in the hands of coin dealer Israel Switt, who sold the coins off individually to collectors.
Hello fellow YNs and YNH!
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