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Commems Collection Classic: What If? 1937 York County, Maine

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commems's Avatar
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 Posted 11/01/2020  5:41 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
In March 1937, the Committee for the Commemoration of the Founding of York County (aka, the York Country Tercentenary Commemorative Coin Commission) attempted to secure a new, second coin for its commemorative program. Of course, history tells us that they failed. but they did try!

The original York Country Tercentenary authorization allowed for up to 30,000 50-cent pieces to be struck at a single US Mint facility. The Mint struck 25,000 coins (plus a handful for assay purposes) in August of 1936. About 15,000 were sold to Maine residents and another 4,000 or so to non-residents via mail order. As it completed the tercentenary year and entered 1937, the Committee had roughly 6,000 coins still available and was faced with a very quiet market for them.

Following in the footsteps of other coin sponsors, the Committee decided that creating a new variety of its coin would be just what was needed to reinvigorate sales. The original legislation for the coin limited its striking and dating to "1936," so new legislation would be needed for the Committee to realize its vision.

So, it arranged for companion bills to be introduced in the House and Senate in March 1937 that would have allowed them to request from the Mint a new striking of coins with a "1937" date. The coins would be struck from a combination of the 5,000 coins that were not struck under the original legislation, along with those coins already struck and dated "1936" but not yet distributed by the Committee; presumably, the Committee would return to the Mint a large portion of the un-issued coins it was holding so that the Mint could melt them and use the resulting silver bullion to strike new coins. My guess is that the Committee would have worked toward a mintage of 10,000 1937-dated coins.

Considering the coin already had the commemorative dual dates of "1636 / 1936" on its obverse, and presumably would have been kept them on any new coins struck, it would have been interesting to see where the Mint placed the required "1937" figure on the coin. The only open landscape on the coin's obverse is above the shield. Walter H. Rich, the coin's designer, used this location in his original drawings for the coin to "double down" on the year of York County's founding by placing "1636" on a small ribbon. (See image below.) The ribbon was removed on the recommendation of the Commission of Fine Arts before the final design was approved and struck. It would seem reasonable to assume the same location would have been selected for the "1937" year-of-issue date - but we'll never know for sure!

Commems-Collection-Classic:-What-If?-1937-York-County,-Maine
Image of the original design for the York County Half Dollar presented in the 1937 Annual Report of the Director of the Mint.

Each of the bills was referred to the appropriate House or Senate committee, but neither was ever reported out for further action. The Senate bill was included on the agenda of a Hearing held by the Senate Subcommittee of the Committee on Banking and Currency, but it never came up for discussion as the focus of the Hearing quickly became one of reforming the US commemorative coin process to replace coins with medals.

So, the York Coin Committee did not get its new coins and it wound up holding on to its unsold 1936-dated coins for years afterwards. For me, one York County half dollar was enough. It commemorated a local event vs. a national one, and, at that, was definitely among the more obscure events to be commemorated during the series. IMO, the Committee was lucky to get the first coin!

Would you have been a buyer back in 1937?


To view more of my posts about US commemorative coins: Commems Collection


Here's one of the York County pieces in my collection (one day I'll post about how I came to have three!):

Commems-Collection-Classic:-What-If?-1937-York-County,-Maine
Commems-Collection-Classic:-What-If?-1937-York-County,-Maine




Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
11/01/2020 8:18 pm
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Coinfrog's Avatar
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 Posted 11/01/2020  5:55 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good backstory as always. Not one of my favorite designs - that fort looks like something I played with as a child.
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commems's Avatar
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 Posted 11/01/2020  6:37 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
That fort looks like something I played with as a child.

Here's Walter Rich's source material for his design - a woodcut of Brown's Garrison published in 1931 in The Proprietors of Saco which was privately printed by York National Bank of Saco, Maine; the booklet was written by Frank Cutter Deering. I can't attest to the depiction's accuracy, however.

The coin's view of the garrison is definitely more crowded than the original illustration - and where's the gate on the coin!? (it's there, just far less obvious.)

Commems-Collection-Classic:-What-If?-1937-York-County,-Maine

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
11/01/2020 8:19 pm
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Spence's Avatar
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 Posted 11/01/2020  9:13 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply

Quote:
Would you have been a buyer back in 1937?


Probably not then as it sounds like the market for the '36 was appropriately soft, but I have picked up a bit of Maine-related exonumia and numismatic odds and ends over the years. I look forward to someday hearing why you have three of these guys.
"If you climb a good tree, you get a push."
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scopru's Avatar
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 Posted 11/03/2020  06:31 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Great example and wonderful information along with it as always. Thanks commems
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Nells250's Avatar
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 Posted 11/13/2020  5:23 pm  Show Profile   Bookmark this reply Add Nells250 to your friends list Get a Link to this Reply
Yo-waahk Maine? Eyaah! Missed getting up there this year thanks to their travel ban for those of us from Massachusetts. Have to say, though, the design does NOTHING for me...
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commems's Avatar
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 Posted 08/17/2023  07:57 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
A quick follow-up on the Hearing I referenced in the original post...

During a multi-coin Hearing before the Senate Committee on Banking and Currency Subcommittee on Coinage and Philippine Currency, Senator Wallace Humphrey White. Jr. (R-ME) described the situation behind his new York Country, ME coin proposal:

"The facts of the matter are, briefly, these: In the last Congress there was legislation enacted authorizing the issuance of 30,000 commemorative coins, commemorating the three-hundredth anniversary of the establishment of the first county created in the State of Maine, one of the very earliest counties set up anywhere in the United States. Through some misunderstanding they only took 25,000 of the 30,000 commemorative coins authorized. Those were distributed to the public with the assurance given to all who purchased them that the total issue was 25,000. They now discover a demand for the additional 5,000 coins. But they feel it would be, if not a fraud, at least something approaching a fraud upon those who heretofore purchased with the understanding that there were to be only 25,000 of those commemorative coins Issued. They now propose that there should be issued 5,000 additional commemorative coins bearing the date 1937. So this bill I offered on March 17, 1937, being S. 1896, would provide for the issuance of the additional 5,000 commemorative coins, but under date of 1937.

"That is the only complication that arises. If it were not for the fact that they held out to the public and to everyone interested in those commemorative coins that there were only 25,000 to be issued, why, they could just go ahead and order the additional 5,000 under the present law, because that right extends up until sometime in June of this year. But they do not feel that such action would be in good faith, I mean to issue the additional 5,000 commemorative coins under the date of 1936. This simply asks permission to issue the additional 5,000 commemorative coins under the date of 1937."

Senator White's statement puts a partially inaccurate spin on the situation as it actually stood, and attempted to hide reality behind a facade of altruism.

First, the primary obstacle for the Committee for the Commemoration of the Founding of York County was the fact that the coin's authorizing legislation set a minimum order size - 25,000 coins. In 1936, the Committee originally accepted an order of 25,000 coins out of an authorization of 30,000. It had no legal way to place an order for just 5,000 coins regardless of Senator White's declaration! Without an amendment, the remaining authorization was untouchable.

Second, White glossed over the fact that the York County Committee had unsold 1936-dated half dollars that it wanted to have re-coined as 1937-dated pieces to reinvigorate its overall coin sales (as described above). Without explicitly expressing this, White's amendment bill was carefully worded to enable it - it included the phrase "not minted or issued in the year 1936." (My emphasis added.)

Third, White indicated that the York Committee had discovered a public demand for the additional 5,000 half dollars. This was a bit strange considering the Committee had ~6,000 unsold coins in its inventory. If there was demand, why weren't these coins taken up?

Senator White was serving in his 10th session of Congress (the first seven in the House) and was clearly skilled in the art of holding back "ugly" details when making one's case to colleagues. Why muddy the waters with facts and accuracy? His efforts were for naught, however, as no amendment for the York County, ME Tercentenary Half Dollar was forthcoming.

Be on the look out for a post about the order mix-up at the Mint!


For other of my posts about commemorative coins and medals, including more on the York Tercentenary half dollar, see: Commems Collection.


One of the other York half dollars in my collection:

Commems-Collection-Classic:-What-If?-1937-York-County,-Maine Commems-Collection-Classic:-What-If?-1937-York-County,-Maine






Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 08/17/2023  08:12 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply

Quote:
(one day I'll post about how I came to have three!)


I'm still waiting to learn why you have three of these.

I actually have two; one MS67 and one AU55. I have been looking for well over a decade for a downgrade for my circulated example.
Take a look at my other hobby ... http://www.jk-dk.art
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commems's Avatar
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 Posted 08/17/2023  10:01 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
I'm still waiting to learn why you have three of these.

I thought I had told the story, but you made me have doubts. After a quick bit of investigation, I found my post from October 2022 that tells the story.

- 1936 York County, Maine Tercentenary - Origin Story - Three Yorks




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 Posted 08/17/2023  10:48 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply

Quote:
I found my post from October 2022 that tells the story


And I read it again and thank you for sharing the journey to three examples.
Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 08/17/2023  10:58 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
A quick follow-up on the Hearing I referenced in the original post...
Thank you for sharing!
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 Posted 08/17/2023  3:44 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Very interesting write-up, commems. Seems to have been a bit of a pointless exercise to issue a 1937-dated example, so that's one I'm not sorry about not coming to fruition.

Interesting revisiting your story of why you have 3 York commemoratives. I only have one duplicate in my complete set of silver commemoratives, and that's a 1893 MS64PL Columbian half. When I upgraded it to a MS66+ earlier this year, I decided to hang onto it as it's my only PL classic commemorative and has beautiful toning as well.

In the past year or so I have sold several other upgraded commemoratives which were in rattlers that I sort of wish I'd kept, including a MS64 Connecticut with a gold CAC. Most of the others had a green bean. Those were all bought long ago, and with the increased demand for early holders and CAC-stickered coins in general, they all brought well more at auction than I'd paid for them. In fact, what I got for the Connecticut almost paid for my MS66 upgrade. So, that reduced my regret in selling them a bit!
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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