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Classic Commemoratives "Did You Know?" #3

 
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 Posted 06/01/2012  7:40 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message
Herbert Hoover was the first President to veto a commemorative coin bill passed by Congress. It was on 21 April 1930 that Hoover vetoed HR 2029, "an act to authorize the coinage of silver 50-cent pieces in commemoration of the 75th anniversary of the Gadsden Purchase."

In 1854, the US signed a treaty with Mexico regarding the purchase of nearly 30,000 square miles of border land between the two countries. The purchased land makes up a significant portion of present-day southern Arizona and a small portion of southwestern New Mexico. (See public domain image below.) The impetus for the treaty/purchase was the US' desire to build a transcontinental railroad through the southwestern states. The treaty/purchase is so named because of the integral role James Gadsden, US Ambassador to Mexico at the time, played in developing and negotiating it.

In his message to Congress regarding the coin, Hoover expressed his concern for the growing number of commemorative coin bills then being considered by Congress (5, not including the GP bill), the potential for commemorative coins to divert our monetary system to uses other than its intended purpose (commerce) and the increased potential for counterfeit coins to be successfully passed due to the "multiplicity of designs" created by commemorative coins.

Hoover may have temporarily slowed the commemorative coin train, but he certainly didn't stop it as approvals really ramped up as the 1930s continued.

I'll discuss some of the other classic era vetoes in future posts.


Map of Gadsden Purchase (Yellow Areas)

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 06/01/2012  7:51 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Thats a shame I would have loved to have seen a coin for this.
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 Posted 06/01/2012  8:00 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Interesting ... I never knew about that potential coin.

Personal connection to your map of the Gadsden Purchase ... I graduated from High School in Sierra Vista, AZ and have fond memories of the lovely SE Arizona high desert amongst the Huachuca mountains and rolling grass lands.

Your posts are great commems ... keep them coming.

David
Take a look at my other hobby ... http://www.jk-dk.art
Too many hobbies .... too much work .... not enough time.
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 Posted 06/01/2012  8:05 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Nickel I had friends live out there for a while been there several times. It really is an amazing area
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 Posted 06/01/2012  11:03 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
I did know this!

But only because I looked up something else you said about Congress using the Oregon commem as an example of the abuse of the commems.
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 Posted 06/04/2012  2:08 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Another informative post for the Community's US Classic Commemorative Coin Historian.
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 Posted 06/06/2012  10:33 am  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
Very interesting. Thanks for sharing.
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 Posted 07/13/2013  08:38 am  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
Nickelsearcher,

I never knew that you grew up in Sierra Vista. I was stationed at Fort Huachuca for a number of years. I bet SV looked a lot different in the 2000s than it did when you were there. Still remember cruising up and down Fry Blvd. The only road in town, for the most part.

Also, it was during my stay in Sierra Vista that I got back into my childhood hobby of coin collecting. There was a nice man that ran a shop called Southwest Coins off of the blvd. I believe he and the shop as it was is gone now... replaced by a bullion place.
Edited by cc99999
07/13/2013 08:40 am
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 Posted 07/17/2013  7:32 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
CC,

Hesitate to reply for concern of diluting Commems tremendous posts ... however in the interest of sharing personal connections I offer the following ...

I graduated from Buena High School in Sierra Vista, AZ well before you came to Fort Huachuca. Let's just say sometime in the late 70's.

'French-Fry" Blvd was at the time what you would expect for a bedroom community associated with an active military base ... places your parents wanted you to stay away from but well sought out by the kids.

It was my first USA home ... moving there as a military family ... and a tremendous beautiful place to make my personal introduction to the USA as a citizen but never till then resident.

Reading Commems post as an adult numismatist causes me a pause at what potential coins we have all missed out on ... and in that way his exceptional historical posts inspire all of us to ponder while sharing in his generous giving of knowledge.

David
Take a look at my other hobby ... http://www.jk-dk.art
Too many hobbies .... too much work .... not enough time.
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