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<p>[QUOTE="Vess1, post: 24675442, member: 13650"]Some of you have posted some really nice thought provoking threads lately so I figured I'd share this interesting bit of info I recently happened upon. I discovered this as a result of a desire to fill the large size CB quarter spot in my US type. For the small size I went with the first year so I took a look at the first year of the large size. And there it was all by itself....</p><p><br /></p><p> So I dug a little deeper. The last year of quarter dollar production was 1807 draped busts. Then there were <b>no quarters for 8 years!</b> Naturally the War of 1812 played some part as it went on for roughly 3 years, ending in early 1815.</p><p><br /></p><p> Then I looked up the mintage of 1815 quarters. The capped bust design was rolled out for quarters for the first time and 89,235 were minted using a single known die pair. (Estimated less than 1900 of them still in existence.) Then they wouldn't make anymore for 3 more years.</p><p><br /></p><p> Apparently there was correspondence from Bailly Blanchard who was the head cashier of the Planters Bank of New Orleans, and mint director Robert L Patterson at the time with Blanchard pleading with Patterson to return only quarter dollars in exchange for the banks deposit of silver. After much hesitation, since no quarter dollar dies were available, Patterson gave into Blanchards request and production of the quarter dollar denom. was resumed.</p><p><br /></p><p> It really makes you wonder how much of the mintage was from that New Orleans bank silver and how many got sent back there. Maybe all of it? Why wouldn't they mint 90k? The silver they had on hand must have run out.</p><p><br /></p><p> Out of curiousity, I decided to look into what DID the mint in Philadelphia produce in 1815. Well, they produced 69,232 quarters. (20,003 more 1815s would be produced the following year in 1816, or at least reported that year if made in 1815) And 635 gold half eagles (11 known in existence). Production ramped up at the end of the year of 1815, producing over 300k large cents. But there are no large cents dated 1815. The 47,150 half dollars dated 1815, were made at the end of the year and reported on the 1816 report. All in all a very slow year. Reasons stated by the official report was lack of bullion and shortage of copper planchets which had been being procured from England up to that point. New ones wouldn't have been coming in during the conflict after the trade embargo went into effect. The mint's supply of copper planchets was exhausted in 1814. And few were sending their bullion in to be converted to coins, likely due to the worry of it being confiscated if the U.S. lost the war. People were hoarding what they had and hiding it away.</p><p><br /></p><p> From what I understand on the unknown large cents produced, its possible they could have begun making the 1816s with the new matron head design but most feel they didn't have the dies ready for use on those either. So it's more likely that they made more of the 1814s using the old dies and inflating their official mintage number.</p><p><br /></p><p> Hopefully you found this as interesting as I did. If anyone has more to add about it, feel free to expand. This is an example I recently picked up for the type set spot. An honest VG-8 by PCGS.</p><p><br /></p><p>[ATTACH=full]1573937[/ATTACH]</p><p><br /></p><p> <b>Edit: Updated to reflect accurate figures based off of the actual mint ledgers.</b>[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 24675442, member: 13650"]Some of you have posted some really nice thought provoking threads lately so I figured I'd share this interesting bit of info I recently happened upon. I discovered this as a result of a desire to fill the large size CB quarter spot in my US type. For the small size I went with the first year so I took a look at the first year of the large size. And there it was all by itself.... So I dug a little deeper. The last year of quarter dollar production was 1807 draped busts. Then there were [B]no quarters for 8 years![/B] Naturally the War of 1812 played some part as it went on for roughly 3 years, ending in early 1815. Then I looked up the mintage of 1815 quarters. The capped bust design was rolled out for quarters for the first time and 89,235 were minted using a single known die pair. (Estimated less than 1900 of them still in existence.) Then they wouldn't make anymore for 3 more years. Apparently there was correspondence from Bailly Blanchard who was the head cashier of the Planters Bank of New Orleans, and mint director Robert L Patterson at the time with Blanchard pleading with Patterson to return only quarter dollars in exchange for the banks deposit of silver. After much hesitation, since no quarter dollar dies were available, Patterson gave into Blanchards request and production of the quarter dollar denom. was resumed. It really makes you wonder how much of the mintage was from that New Orleans bank silver and how many got sent back there. Maybe all of it? Why wouldn't they mint 90k? The silver they had on hand must have run out. Out of curiousity, I decided to look into what DID the mint in Philadelphia produce in 1815. Well, they produced 69,232 quarters. (20,003 more 1815s would be produced the following year in 1816, or at least reported that year if made in 1815) And 635 gold half eagles (11 known in existence). Production ramped up at the end of the year of 1815, producing over 300k large cents. But there are no large cents dated 1815. The 47,150 half dollars dated 1815, were made at the end of the year and reported on the 1816 report. All in all a very slow year. Reasons stated by the official report was lack of bullion and shortage of copper planchets which had been being procured from England up to that point. New ones wouldn't have been coming in during the conflict after the trade embargo went into effect. The mint's supply of copper planchets was exhausted in 1814. And few were sending their bullion in to be converted to coins, likely due to the worry of it being confiscated if the U.S. lost the war. People were hoarding what they had and hiding it away. From what I understand on the unknown large cents produced, its possible they could have begun making the 1816s with the new matron head design but most feel they didn't have the dies ready for use on those either. So it's more likely that they made more of the 1814s using the old dies and inflating their official mintage number. Hopefully you found this as interesting as I did. If anyone has more to add about it, feel free to expand. This is an example I recently picked up for the type set spot. An honest VG-8 by PCGS. [ATTACH=full]1573937[/ATTACH] [B]Edit: Updated to reflect accurate figures based off of the actual mint ledgers.[/B][/QUOTE]
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US Mint in 1815- Slowest year ever
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