Coin Collectors Newsletter


 
Facts About United States Coins

 
 
U.S. Mint Coins

1. United States Mint® facilities produce 65 to 80 million circulating coins per day.


Those used in everyday commerce – the penny, nickel, dime, quarter dollar, half dollar and dollar – are made at the Philadelphia and Denver mints.  These are known as “circulating” coins.  The U.S. Mint also produces a variety of collector’s items, including non-circulating commemoratives (which can be used as legal tender), and proof sets.


1909 Lincon Penny2. The portrait of Abraham Lincoln on the penny is the only one facing to the right – all other presidential portraits face to the left on circulating U.S. coins.

The image on the Lincoln penny is an adaptation of a plaque made by eminent sculptor Victor David Brenner.  The fact that Lincoln is facing to the right was simply the designer’s choice.

Coin Flip

3. When you flip a coin over after looking at the heads side, the picture on the tails side will be upside down.

All U.S. coins are produced with what is known as a “coin turn.”  This means that the reverse side (tails) is upside down in relation to the obverse side (heads).  Another way of looking at it is you turn a coin top over bottom to see the reverse side, versus left to right. The reason U.S. coinage is made this way for reasons of custom and tradition, and not because of any legal or technical requirement.

1936 Arkansas Centennial Comemorative Coin4. Four men have been portrayed on U.S. commemorative coins during their lifetime:

Governor T.E. Kilby, on the obverse of the 1921 Alabama Centennial half-dollar.

President Calvin Coolidge, on the obverse of the 1926 Sesquicentennial of American Independence half-dollar – the only living president to appear on a coin.              

Senator Carter Glass, on the obverse of the 1936 Lynchburg , Virginia , Sesquicentennial half-dollar.

Senator Joseph T. Robinson

, on the reverse of the 1936 Robinson-Arkansas Centennial half-dollar.

First Philadelphia Mint

5. The original U.S. Mint building was the first Federal building erected by the U.S. Government under the Constitution.

Congress passed The Coinage Act on April 2, 1792, creating the Mint and authorizing construction of a Mint building in the nation's capitol, Philadelphia .  Newly appointed Mint Director David Rittenhouse’s first duty was to purchase a piece of land on which to build the Mint.  In July 18, 1792, he purchased two lots for $4,266.67.


Susan B. Anthony Dollar CoinSacagawea Dollar Coin6. Sacagawea and Susan B. Anthony are the only women honored on circulating coins.  Both were featured on dollar issues. The “Susie,” first minted in 1979, had an 11-sided rim bordering both edges – but it was often mistaken for a quarter.  The Sacagawea $1 was introduced in 2000, and briefly circulated along with the earlier coin.  Both have identical metallic signatures to vending machines, although the latter has a golden finish.

First Commorative Dollar Coin7. George Washington did not appear on a United States coin until 1900.

It was a commemorative, however, and did not circulate.  As a result of the plan spearheaded by President Theodore Roosevelt, the 1909 cent became the first circulating coin to bear the likeness of a President: Abraham Lincoln.   George Washington finally appeared on a circulating issue with the 1932 Quarter, a design still in use today.


Roosevelt Dime JS Initials

8. Coin designer initials appear on every circulating U.S. coin.

But they can be hard to find. If you have a dime and a magnifying glass handy, look at FDR’s neckline, just beneath his ear.  You will see the tiny initials "JS".  United States Mint employee John R. Sinnock was chosen to design the Roosevelt dime, as he had already made a medal of the President.  Similar markings can be found by closely examining other metal coinage.  


9. The average lifespan of a coin is 25-30 years.

Coins that are no longer fit for circulation are divided into two groups: mutilated and “uncurrent.”  A mutilated coin is chipped or fused and cannot be counted by machine.  Uncurrents are worn but recognizable, and can be machine-counted.  Both mutilated and uncurrent items are melted down and re-used.


Eisenhower Bicentennial Coin10. The date on a coin isn’t always the year in which it was minted.

By law, all United States metal currency is dated with the year of its issuance or minting.  However, some dates were briefly “frozen,” or changed for other reasons.  When 90% silver coins became scarce in 1964, the mint simply kept using that year’s date on those minted well into 1965 to alleviate the shortage.  Likewise, during the bicentennial celebration, the symbolic date 1776-1976 appeared on many coins minted in 1975 and 1976.

 


PMG Collections is a division of PMG Solutions, LLC, a private company not affiliated with the U.S. Mint or any other government agency.   © 2007 PMG Collections.  All Rights Reserved.
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