Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
1826 US coins
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1257448, member: 26302"]Very true. People have this misconception that even in the earliest days of the mint that it only coined PM brought into it by citizens. Its true that a citizen COULD bring PM into the mint to have it coined, the mint itself was the largest owner of PM coins, and this ratio grew every year after 1794 so that by 1800-1810 the amount of PM brought into the mint for coinage was almost insignificant.</p><p><br /></p><p>Btw collector1966, if you ever saw small change finds that metal detectorists find you will have your answer I believe. Its extremely common I am told for foreign coins from the early 1800's to be found with a US coin in metal detector fields of the period. The simple fact is that Spanish half, 1, 2, and 4 reales really served as out small change for a long period. The reason foreign coins were not abolished as legal tender until I believe 1853 was because our mint simply did not have the resources to produce enough change for out economy. Having the resources does not mean access to copper, silver, or gold, but the money to fund the striking of these denominations.</p><p><br /></p><p>Great point about Jackson. I had never read about it, but half dimes do coincide with his Presidency. Being half American Indian whose ancestors were on the trail of tears means I do not much care to read about the man, but still an interesting point.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1257448, member: 26302"]Very true. People have this misconception that even in the earliest days of the mint that it only coined PM brought into it by citizens. Its true that a citizen COULD bring PM into the mint to have it coined, the mint itself was the largest owner of PM coins, and this ratio grew every year after 1794 so that by 1800-1810 the amount of PM brought into the mint for coinage was almost insignificant. Btw collector1966, if you ever saw small change finds that metal detectorists find you will have your answer I believe. Its extremely common I am told for foreign coins from the early 1800's to be found with a US coin in metal detector fields of the period. The simple fact is that Spanish half, 1, 2, and 4 reales really served as out small change for a long period. The reason foreign coins were not abolished as legal tender until I believe 1853 was because our mint simply did not have the resources to produce enough change for out economy. Having the resources does not mean access to copper, silver, or gold, but the money to fund the striking of these denominations. Great point about Jackson. I had never read about it, but half dimes do coincide with his Presidency. Being half American Indian whose ancestors were on the trail of tears means I do not much care to read about the man, but still an interesting point. Chris[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
1826 US coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...