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no coins minted questions
The following years did not have U.S. coins minted:
penny-1815 nickel-1922, 1932-1933 dime-1922, 1932-1933 quarter-1922, 1931, 1933 half-1922, 1924-1926, 1930,1932 dollar-1905-1920, 1929-1933, 1936-1970, 1982-1998 Question #1: Do I have the years listed above correct and did I include every year with no coins minted? Question #2: Why were these coins in the specific years not minted? I know that the 1815 penny was due to a metal shortage. I assume that is true for the other coins as well. But what is the reasoning for the metal shortages? Question #3: Is the reason for the dollar not being minted for so many years due to the shortage of metal or is it due to people not accepting the dollar for everyday transactions? TIA, Joe |
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Your half dollar list should say 1930-1932 rather than 1930, 1932.
Also, you did not mention the 1975 quarter, half dollar and dollar, the Mint having struck 1974-dated coins in the first half of 1975 and 1976-dated coins in the second half of 1975 in order to guanantee an adequate supply of the Bicentennial coins. .. Metal shortage only applies to the 1815 cents (not pennies), as the Mint was purchasing cent planchets from England during this era and the War of 1812 interferred. In the other instances, the skip was probably due to the Mint having a surplus of those denominations already on hand to meet commercial demand, with no need to strike new ones. During World War I lots of people were working and taking home pay envelopes, so coinage was way up. After the War, there was a recession with dimished demand for coins, and so the coins struck during the War were adequate to meet the demand. When the order came to strike silver dollars in 1921 thru 1928 to replace the dollars melted during the War to bolster the British economy, they just stopped making the small stuff until batches of it were needed. .. Standard Dollars were a small part of our monetary system before 1873, when they were discontinued. The Morgan dollar of 1878-1904 was a blatant subsidy to the silver mining industry. By 1904 the Treasury had hundreds of millions of silver dollars that nobody wanted, and they were finally allowed to stop striking more. However, the ones melted in 1918 were replaced during 1921-1928, and so they stopped again. The relatively small issues of 1934-35 were little more than a technicality. After 1935 the Treasury had about 400 million dollars on hand. These were not depleted until 1964, when silver started to rise in price. When the casinos could no longer get dollar coins at face value, they began issuing dollar tokens. The Treasury did not like this, and so it issued the Ike dollar to drive out the tokens. However, they never circulated widely because of their size and weight. The Anthony dollar was supposed to be more acceptable by being smaller, but it was too similar in design to the quarter. People refused to use it, and by 1981 the Treasury again had millions of them in the vaults to fill a slow trickle of orders. These were not deplated until 1999. Tom DeLorey |
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Oops...make that depleted.
TD |
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On Fri, 11 Feb 2005 03:37:55 GMT, "Joe" wrote:
The following years did not have U.S. coins minted: penny-1815 nickel-1922, 1932-1933 dime-1922, 1932-1933 quarter-1922, 1931, 1933 half-1922, 1924-1926, 1930,1932 dollar-1905-1920, 1929-1933, 1936-1970, 1982-1998 Question #1: Do I have the years listed above correct and did I include every year with no coins minted? Question #2: Why were these coins in the specific years not minted? I know that the 1815 penny was due to a metal shortage. I assume that is true for the other coins as well. But what is the reasoning for the metal shortages? Question #3: Is the reason for the dollar not being minted for so many years due to the shortage of metal or is it due to people not accepting the dollar for everyday transactions? TIA, Joe ================= Add to the quarter dollar unissued years: 1797-1803 1808-1814 1816-1817 1826 1829-1830 HTH Aram. |
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On Fri, 11 Feb 2005 03:37:55 GMT, "Joe" wrote:
The following years did not have U.S. coins minted: penny-1815 nickel-1922, 1932-1933 dime-1922, 1932-1933 quarter-1922, 1931, 1933 half-1922, 1924-1926, 1930,1932 dollar-1905-1920, 1929-1933, 1936-1970, 1982-1998 Question #1: Do I have the years listed above correct and did I include every year with no coins minted? Question #2: Why were these coins in the specific years not minted? I know that the 1815 penny was due to a metal shortage. I assume that is true for the other coins as well. But what is the reasoning for the metal shortages? Question #3: Is the reason for the dollar not being minted for so many years due to the shortage of metal or is it due to people not accepting the dollar for everyday transactions? Joe, Of course, the Depression had a huge impact on the number of coins that were needed to keep the economy going. Notice that for 1932, for example, only cents and quarters were struck. There were only about six million quarters, and I wonder how many of those would have been minted if it wasn't the first year for the Washington series. If I remember to do it, tomorrow I'll try to put a chart together showing just how much mintages dropped off during the Depression. take care, Scott |
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No dollars were minted from 1804 until the Gobrecht dollars were issued in
1836 and 1839. Dollar production began again in 1840. Only trade dollars, intended for overseas distribution, were made during 1874-1877. Obviously, the production of coinage depends on the demands of the economy. In 1920-1921, the US was in a serious but short depression. That probably explains why only pennies and dollars (required by the Pittman Act of 1918) were made in 1922. In the early 1930's the US was in another depression, much worse and of a much longer duration than the one in 1920-21. The unemployment rate hit almost 25 %. Coins weren't needed in commerce so none were made. The quarters made in 1932 were actually intended as commemoratives of Washington's 200th birthday. The design became the regular design for quarters in 1934. You can often trace the economic history of the country by looking at the number of coins that are minted during a period. "Joe" wrote in message nk.net... The following years did not have U.S. coins minted: penny-1815 nickel-1922, 1932-1933 dime-1922, 1932-1933 quarter-1922, 1931, 1933 half-1922, 1924-1926, 1930,1932 dollar-1905-1920, 1929-1933, 1936-1970, 1982-1998 Question #1: Do I have the years listed above correct and did I include every year with no coins minted? Question #2: Why were these coins in the specific years not minted? I know that the 1815 penny was due to a metal shortage. I assume that is true for the other coins as well. But what is the reasoning for the metal shortages? Question #3: Is the reason for the dollar not being minted for so many years due to the shortage of metal or is it due to people not accepting the dollar for everyday transactions? TIA, Joe |
#7
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Also, you did not mention the 1975 quarter, half dollar and dollar, the
Mint having struck 1974-dated coins in the first half of 1975 and 1976-dated coins in the second half of 1975 in order to guanantee an adequate supply of the Bicentennial coins. AHA!!! It seems you answered a question I was going to post. I collect circulated coins and could not for the life of me understand why going through $400-$500 of quarters during the past six months, I couldn't find a 1975 quarter. After a review of my Blackbook price guide, I do see that 1975 did not produce a quarter, half and dollar. Thanks for giving me info on what should have been obvious with a more thorough reading on my part. I can quit pulling out my hair when going through my change now. Thanks, Joe |
#8
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On Fri, 11 Feb 2005 03:37:55 +0000, Joe wrote:
The following years did not have U.S. coins minted: penny-1815 nickel-1922, 1932-1933 dime-1922, 1932-1933 quarter-1922, 1931, 1933 half-1922, 1924-1926, 1930,1932 dollar-1905-1920, 1929-1933, 1936-1970, 1982-1998 Question #1: Do I have the years listed above correct and did I include every year with no coins minted? Question #2: Why were these coins in the specific years not minted? I know that the 1815 penny was due to a metal shortage. I assume that is true for the other coins as well. But what is the reasoning for the metal shortages? Question #3: Is the reason for the dollar not being minted for so many years due to the shortage of metal or is it due to people not accepting the dollar for everyday transactions? TIA, Joe On top of all the other answers, I believe the mint had a fire at start of 1816, late 1815, and in 1816 only Large Cents were minted, no silver. Verify somewhere to be sure though. -- DW |
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linxlvr wrote:
... I believe the mint had a fire at start of 1816, late 1815, and in 1816 only Large Cents were minted, no silver. Verify somewhere to be sure though. According to Donald Taxay in THE U.S. MINT AND COINAGE, the fire of January 1816 destroyed the mill house and an adjoining structure. The mill house was replaced, but apparently not the other building, or not completely. According to Walter Breen's COMPLETE ENCYCLOPEDIA OF U.S. AND COLONIAL COINS, the fire broke out "less than 12 hours" after the January 10, 1816 delivery of 20,003 quarter dollar coins. The fire ruined the rolling mills and blank cutters. No gold or silver coins were struck until repairs were completed in 1817. |
#10
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On Sat, 12 Feb 2005 16:23:56 -0800, Mike Marotta wrote:
linxlvr wrote: ... I believe the mint had a fire at start of 1816, late 1815, and in 1816 only Large Cents were minted, no silver. Verify somewhere to be sure though. According to Donald Taxay in THE U.S. MINT AND COINAGE, the fire of January 1816 destroyed the mill house and an adjoining structure. The mill house was replaced, but apparently not the other building, or not completely. According to Walter Breen's COMPLETE ENCYCLOPEDIA OF U.S. AND COLONIAL COINS, the fire broke out "less than 12 hours" after the January 10, 1816 delivery of 20,003 quarter dollar coins. The fire ruined the rolling mills and blank cutters. No gold or silver coins were struck until repairs were completed in 1817. Thank you Mike. I wa pretty sure I was remembering correctly. I know an 1816 Large Cent is actually a 'common date' large cent. -- DW |
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