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Commems Collection: 1920 Pilgrim Newspaper Ads

 
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 Posted 11/14/2020  10:47 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message
With the arrival of the 2020 gold coin and silver medal due next week, I thought it might be interesting to look back 100 years and check out a few local bank promotional ads and a notice for the then-new 1920 Pilgrim half dollar.

The National Shawmut Bank of Boston was responsible for the coin's national distribution; it authorized banks around the country to serve as local distributors. Here are a couple of examples of local newspaper advertisements...

First up is the ad placed by the First National Bank of Omaha in Omaha, Nebraska. They were definitely using the new coin as an incentive to bring in new customers and expand their business with current customers.



Following is an ad from the Washington Loan and Trust Company of Washington, DC. The WLT Company does not appear to be using the coin as a customer incentive the way the FNB of Omaha did (above), but rather simply filling the role of local distributor. Of course, we now know that the claim of "There will be no re-issue of Pilgrim half dollars." was inaccurate as there would be a 1921 variety.




The Knox County Savings Bank of Knox County, Tennessee did not place an ad for the Pilgrim coins, but it was the subject of a notice in the local paper.




Those are just a few selections from local newspapers of the time, but I think they provide a good snapshot of what was happening at the time re: the coin's promotion.

Hope you enjoyed it!


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Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
11/14/2020 10:48 pm
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 Posted 11/15/2020  09:32 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Very interesting, thanks!
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 Posted 11/15/2020  10:44 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Here's mine. I think I started collecting commemoratives with sailing ships. It makes a neat short set. As usual, great write up.



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 Posted 11/15/2020  11:31 am  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
Out of curiosity what do these half dollars sell for these days?
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 Posted 11/15/2020  11:57 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
The 1920 Pilgrim is one of the lower cost coins in the series. A nice Au coin can often be had for about $75 USD; lower mint state examples (MS-60/61) can be purchased for about $100 or less. In MS-65, you should be able to find one for $325 or less.

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 11/17/2020  9:38 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Sometimes ephemera is just as interesting or moreso than the coin itself. Cool stuff.
Edited by CelticKnot
11/17/2020 9:38 pm
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 Posted 11/19/2020  01:52 am  Show Profile   Bookmark this reply Add freddo30 to your friends list Get a Link to this Reply
They had to give them away in Omaha. Certainly a huge quantity wound up in general circulation ; I've seen hundreds (thousands ?) from AG to AU. During my decades at a LCS, XF or less went directly to the coffee can for bullion sales or smelting. Both dates.
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