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A Collection Of What We Love In Numismatic History

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Pillar of the Community
Coconutjoe's Avatar
United States
1475 Posts
 Posted 06/20/2017  01:50 am  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
Very nice thread Num_Student.

Definitely an eye-candy, and it's fun to read story behind it.

Edited by Coconutjoe
06/20/2017 01:53 am
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numismatic student's Avatar
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11914 Posts
 Posted 06/20/2017  8:47 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
RECENT HISTORY OF OF U.S. GOLD AND SILVER CONVERTIBILITY FOR CURRENCY

https://www.treasury.gov/about/hist...present.aspx

GOLD

April 5, 1933 - President Franklin Roosevelt issued an order making it illegal to hoard gold coin, gold bullion or gold certificates. Violation of this order was punishable by a $10,000 fine or 10 years in prison, making it a felony to own gold. Eventually, gold coins from 1933 and earlier were exempted from this rule so coin collectors could avoid prosecution.

June 5, 1933 - The United States abandoned the gold standard. All existing contracts and currency that required redemption in gold were no longer considered valid.

December 28, 1933 - President Roosevelt issued Executive Order 6102, ordering anyone who still held gold certificates or gold coins of non-numismatic value to deliver them to the Treasurer of the United States.

January 17, 1934 - It became illegal for private citizens to own gold certificates following the implementation of the Gold Reserve Act of 1934.

January 30, 1934 - The Gold Reserve Act withdrew gold coins from circulation, provided for the devaluation of the dollar's gold content, and created the Exchange Stabilization Fund.

April 24, 1964 - Secretary C. Douglas Dillon removed the restrictions on acquiring or holding gold certificates.

April 26, 1969 - Pre-1934 gold coins could be imported into the country and traded without a license from the Department of the Treasury for the first time since 1933. The Treasury decided that preventing the import of pre-1934 gold coins while allowing the same coins to be traded freely domestically was inconsistent and unfair.

December 31, 1974 - President Ford lifts the 40-year ban, enacted in 1933, on gold ownership by U.S. citizens.

SILVER

March 25, 1964 - Secretary C. Douglas Dillon announced that Silver Certificates would no longer be redeemable for silver dollars. They would remain redeemable for silver bullion until June 24, 1968.

June 24, 1968 - The exchange of silver certificates for silver bullion was discontinued.

*****************************************************

The gold/silver/currency exchange counter at the Treasury Cash Room in 1863.

A-Collection-Of-What-We-Love-In-Numismatic-History
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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WheatBackPenny's Avatar
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406 Posts
 Posted 06/20/2017  8:54 pm  Show Profile   Bookmark this reply Add WheatBackPenny to your friends list Get a Link to this Reply
Wow! Amazing photograph and I had no idea about all of those gold laws!
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numismatic student's Avatar
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11914 Posts
 Posted 06/20/2017  9:07 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
U.S. Treasury Burglar Proof Vault

The restored decorative case iron wall in the office of the Treasurer of the United States is the exterior wall of one of four burglar proof vaults built in the northwest corner of the Treasury Building in 1864. The vaults were designed and patented by Isaiah Rogers (1800-1869), who was Supervising Architect of the Treasury from 1863 through 1865. He was also Engineer in Charge, Bureau of Construction from 1861 through 1863.

A-Collection-Of-What-We-Love-In-Numismatic-History
A-Collection-Of-What-We-Love-In-Numismatic-History
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Bedrock of the Community
United States
10284 Posts
 Posted 06/20/2017  11:33 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Personal history flashback

My favorite job of all was when I was a door to door milkman.
I hustled in and out the door of my Divco probably 150 times a day, carrying glass milk bottles, butter, eggs, ice cream, orange juice and more.
I made a lot of change in a days work and my Jefferson nickel collecting really took off in those days. I did find the occasional silver dimes and quarters too. A silver certificate or "red seal" US note was not uncommon.

This is a photoshop effort of the kind of truck I drove. I artistically placed the logo of the dairy on the side of this truck artwork here.
Yes, I have a few old bottles in my collection. Often the coins were in the empties with the bills and paper money in the mouth of the bottle.
I wish I had the eyes I had back then ( and body too! ).

I could cherry pick good coins in the dark with a flashlight.
I remember putting the good ones in different pockets so they wouldn't contact each other until I could get a break and properly stow them away.

A-Collection-Of-What-We-Love-In-Numismatic-History

A lot of the customers knew I was a coin collector, the tip off was when I would make change in person and look over every coin when I ran into the daytime people. Some knew right away, others must have thought I was just being careful counting money.
I listened to them and heard all kinds of stories and gossip galore.
There were a lot of customers that I would stop and talk with. I would put the milk in the refrigerator and be sure to rotate the milk for some of the older people.

I remember one hot afternoon, it seems like it was yesterday when I first heard of a three legged buffalo.
That was many years ago tho.
I made it up a lot of steps to one lady's porch.
As usual, a conversation started up. It takes a lot of listening to be a good milkman. lol
She told me how as kids in the 50's, at one time, all the kids in Auburn PA were looking for the elusive 3 legger.
I could just see them gathering soda bottles in a red wagon to cash them in on the deposit at Lehman's grocery store and checking the change they got in return.
With no luck as usual, I imagined them in the shade eating a popsicle or drinking a coke in the shade.
She told me that some kids did find a few back then.

I never saw one in person until decades later I inherited a folder of Buffalo nickels from my father. There it was, my jaw dropped ... and here it is in my collection today.

A-Collection-Of-What-We-Love-In-Numismatic-History

I'll always remember the milk route and neat customers I had.
It was a great small town and country route.
I drove 150 miles on Tuesdays and Saturdays and on Mondays and Fridays were about 125.

Oh the stories I could tell ....
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numismatic student's Avatar
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 Posted 06/20/2017  11:42 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
nice nickel...

thanks for sharing your stories.

I enlarged your milktruck to make easier to see.

A-Collection-Of-What-We-Love-In-Numismatic-History
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
06/20/2017 11:47 pm
Bedrock of the Community
United States
10284 Posts
 Posted 06/20/2017  11:57 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
That truck had two sets of pedals.
One to use if you folded the seat and swung it out of the way to stand and drive it and another if you used the seat. I always used the seat but those Divco's were "all truck".
It had "Two-Fifty" air conditioning
Open two doors and drive 50 miles an hour. LOL
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08Blond's Avatar
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 Posted 06/21/2017  01:49 am  Show Profile   Bookmark this reply Add 08Blond to your friends list Get a Link to this Reply
Now I'm curious. When did the milkman go away?
Bedrock of the Community
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10284 Posts
 Posted 06/21/2017  11:49 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply

Quote:
Now I'm curious. When did the milkman go away?

Our plant stopped bottling in the early 80's. I don't really know. Somewhere there may still be some delivery going on out there.

To keep this coin related.
Here's a little memory of mine for a Saturday only delivery in Landingville PA no name in the book, just the "Potato Farmer" and Box number. I had quite a few like that - cash only - no billing.

Two half gallons of regular paper - cash only - Saturday only.
( A lot of these people I can still remember what they got as a regular order )

Paper is the typical wax coated carton you still find in the stores, we had those as well as glass. Cost was $2.30 cash. $1.15 a half gallon retail glass or paper.
This nice little Dutch potato farmer would walk out and up to the truck to get his milk.
I noticed he would hand me 2 silver certificates and three silver dimes every time. Mostly roosevelts but a Mercury dime was not unusual. I mentioned that they were silver and silver certificates and he looked at me like I had lobsters coming out my ears. He didn't care. I tried to explain but it just wouldn't compute to this hermit of a guy. So I paid him back with extra time talking about stuff he liked. He lived in a small world by himself out on a back road. It was as if he was in a time warp. I told him I was a coin collector, yet no light came on for this guy.
Anyway, this went on for months and one day he told me he took a whole bunch of pennies to the bank. I mean thousands of pennies.
Heck, the bank is 12 miles away and I didn't even know he had a car.
This was serious now. I told him not to take his change to the bank that I would buy it from him. I would take all he wanted to get rid of. He looked at me odd but I told him " I can always use the change on the route "
I felt a bit guilty, but this guy could not fathom the difference between old money and new and it made no difference to him no matter how I tried to explain that it was worth more to me, than him taking it to the bank.

He wasn't going to count money ( silver and Wheaties ) for me and I knew it by his reaction.
My conscience told me that it was wrong to take it any further, but I asked him to pay $2.30 in all change if he could. Next week he did and for several more weeks, maybe months, I was getting, Walkers and Franklins, SLQ and mercs as well as the common silver Washingtons and Roosies. Never a clad.
By now, I realized this man didn't believe in banks. I think he had been raised not to trust them from the days of the depression and stock market crash or something.
I bet he had drawers full of money and probably money buried out on the farm.
I never did get a big pile of change from him. I never got out of the truck and now I think I know why.
Nobody got onto his porch or in his house I bet.

Then one day, I stopped like usual and he told me his house was robbed and they took his guns. His old Winchester and his shotgun. He didn't say anything about money being stolen, and I didn't say anything about it either but I bet he was devastated and robbed big time.
Either that or he wanted to stop paying with all change and told me a story, but I suspect he was robbed.
I probably reached in my freezer and gave him a half gallon of Ice Cream to ease the pain. I did that now and then for customers.
Things went back to normal after that. Every Saturday, two silver certificates and three silver dimes, so they didn't get it all. Weird story but honest, it's all true. Haven't thought of this for a long time and today, I don't have any of those coins or silver certificate as I used them to "trade up" years later.
Now there's a place to go metal detecting I bet. Surely he would be over 125 years old today so he's gone to Heaven now.
Edited by TNG
06/21/2017 11:53 am
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jbuck's Avatar
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189969 Posts
 Posted 06/21/2017  4:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Now I'm curious. When did the milkman go away?
For what it is worth, I last had a milk man back in 1982.


Quote:
Here's a little memory of mine for a Saturday only delivery...
That was a great story.
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numismatic student's Avatar
United States
11914 Posts
 Posted 06/21/2017  4:58 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Millions of dollars worth of $1 coins languish in a vault at the Federal Reserve Bank of Richmond's Baltimore branch.
John W. Poole for NPR

Politicians in Washington hardly let a few minutes go by without mentioning how broke the government is. So, it's a little surprising that they've created a stash of more than $1 billion that almost no one wants.

Unused dollar coins have been quietly piling up in Federal Reserve vaults in breathtaking numbers, thanks to a government program that has required their production since 2007.

A-Collection-Of-What-We-Love-In-Numismatic-History
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
06/21/2017 5:02 pm
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jbuck's Avatar
United States
189969 Posts
 Posted 06/21/2017  5:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Please, for the love of our nation, stop printing the one dollar note already!
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numismatic student's Avatar
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11914 Posts
 Posted 06/21/2017  7:34 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Those are mostly Presidential dollars. Apparently a very unpopular series that no one wants. They are the 21st century's Morgan dollars.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Valued Member
Buymyemu's Avatar
United States
215 Posts
 Posted 06/21/2017  10:26 pm  Show Profile   Bookmark this reply Add Buymyemu to your friends list Get a Link to this Reply
So. its 1920 and I am a coin collector. No internet, no fax machine. How did I know WHAT coins to collect and where did I find them? How do I know WHO else collected?
Any pics of old coin stores, catalogs, etc? ANA since 1888?
Edited by Buymyemu
06/21/2017 10:27 pm
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numismatic student's Avatar
United States
11914 Posts
 Posted 06/22/2017  12:30 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
You asked around about coin dealers and wrote them a letter. Maybe send a telegraph or call on the phone. Dealer would send you a price list of their goods on offer.

A-Collection-Of-What-We-Love-In-Numismatic-History
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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