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Cleveland Half Dollar Counterstamped For The ANA Money Tree

 
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 Posted 06/09/2021  4:39 pm Show Profile   Bookmark this topic Add Beefer518 to your friends list Get a Link to this Message
I have a this Cleveland commemorative half dollar that was counterstamped for the ANA Money Tree in 1997. Unfortunately, I can't much info on it, unlike the Western Reserve pieces.

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 Posted 06/09/2021  6:59 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
Nice piece! Thanks for posting!

Let me begin by telling you what I do know for certain:

1) The counterstamp was sponsored by Myron Xenos and Ken Lowe, partners in the numismatic literature firm The Money Tree. The firm was active with auctions from 1987 through 1999.

2) Ron Landis of The Gallery Mint created the counterstamp and used the dies to stamp the coins it was sent.

3) The Money Tree sent the Gallery Mint 50 1982 Washington half dollars (all Proof versions) to add the counterstamps.

4) The pieces were created to be souvenirs of the 1997 ANA Money Show (aka Spring Convention) that was held that year in Cleveland. They did not sell out at the Convention; The Money Tree advertised them later for $23 (including postage); limit two per customer.

5) The obverse counterstamp features the logo of The Money Tree with "The Money Tree" along the edge. The reverse counterstamp was specific to the Convention, with " ANA" at its center, "Cleveland" above it and "March 20-22, 1997" below. This appears to be the same pair of counterstamp dies that were used on your coin.


And now for a bit of conjecture:

Being collectors themselves, I'm thinking that Myron and Ken sent a pair of 1936 Cleveland half dollars to The Gallery Mint, along with the 50 1982 Washington half dollars, that were specifically made for them and destined to be part of the personal collection of each.

Ken died in 1998 (to my knowledge, Myron is still with us) and a good part of his numismatic literature library/collection was sold at auction in November, 1999 - it was the last auction under the name The Money Tree. I was curious, so I checked the auction's catalog - the coin was not included. Still, I wonder if your coin was once part of Ken's collection. That's pure conjecture on my part, however, so please don't take it as fact.

I also checked the NGC database and found only your coin. That said, based on the style of holder it is in, the coin was not submitted back in 1997/1998 - it is a more recent submission as NGC didn't switch to the tabbed holders with the type of insert label this piece has until 2016. So, Ken was not the one who sent it on to NGC for grading and encapsulation.

In any case, I think it is safe to say that it is a scarce to rare piece. Not many collectors are aware of the piece, so there might not be a large demand for it, but it's a cool piece to have in a collection! Congrats!


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 Posted 06/10/2021  1:42 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I believe we are all still waiting on a commemorative related topic that commems does not have an answer for!

Thanks for the insights commems - and lovely example Beefer.
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 Posted 06/10/2021  6:54 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
I believe we are all still waiting on a commemorative related topic that commems does not have an answer for!

Aw, shucks!

No pressure going forward!


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 Posted 06/10/2021  7:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Seems somehow inappropriate for a prestigious organization like the ANA to deface an historic commemorative coin like this. I don't care for it at all.
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 Posted 06/10/2021  9:46 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Seems somehow inappropriate for a prestigious organization like the ANA to deface an historic commemorative coin like this. I don't care for it at all.

@Coinfrog: Have a look at my post above - it explains how the counterstamp was created by a private numismatic literature company and was not, in any way, done by the ANA.


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 Posted 06/10/2021  9:55 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Thanks for that, apologize for my over-reaction.
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 Posted 06/10/2021  10:13 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Looks interesting and good information from commems again.

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 Posted 06/10/2021  11:20 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Wouldn't the ANA need to approve the use of their name for coins to be counterstamped and sold at the ANA convention? Maybe they looked the other way and didn't care.
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 Posted 06/11/2021  07:20 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Wouldn't the ANA need to approve the use of their name for coins to be counterstamped and sold at the ANA convention?

No, not when the counterstamp did not use a trademarked ANA logo to imply an official endorsement. The C/S simply stated the name and dates for a coin show that was open to the public. Dealers create such promotional pieces on a regular basis. It would be a different story if The Money Tree used the official ANA Logo which has defined usage guidelines.


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