Any Idea Why Mints Skipped Years In Gold Coin Production?

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Author	Replies: 4 / Views: 1,415
MaxVCad New Member United States 20 Posts	Posted 05/25/2018 2:47 pm Hey guys.. I'm building my collection and my theme is 1928-S when possible, 1928-P for when the coin wasn't produced in San Francisco that year. I'd like to add a $10 and a $5 gold coin to my collection as they were in circulation during this era but weren't specifically minted in 1928. The last year the $10 was minted prior to 1928 was in 1926 and the $5 in 1916. Do you guys know why the mint skipped years with these coins? Was it just because there wasn't a need? There were enough $5 coins in circulation they stopped producing them in 1916, for example? If that's the case, if someone went to a bank in 1928 to trade a $5 or a $10 bill for gold, would this bank give them a 1926 $10, for example? Or would they have to give the person 4 $2.50s because those were actually in production and could be ordered from the mint. I think you can kind of see where I'm going with this.. I'm trying to justify adding a 1916 $5 and a 1926 $10 to my collection with the idea that those would've been the coins in use in 1928 when one went to a bank. Any thoughts/theories/facts are appreciated. Edited by MaxVCad 05/25/2018 2:49 pm Report this Post to the Staff

jbuck Moderator United States 187702 Posts	Posted 05/25/2018 4:19 pm Mintage is driven by demand. If there are enough coins in circulation to meet demand then they are not minted. Gold did not circulate like silver did, so there will be larger gaps in its mintage. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Crazyb0 Rest in Peace 10197 Posts	Posted 05/25/2018 4:31 pm They would be given what the bank had on hand that day, if any. The Gold redeemable dollars say "In Gold" not which way. Same as today, you want a metal dollar, you get what's in the teller's tray, that is all the bank is "obligated" to give. They may have even refused to honor the request if your bill wasn't a Gold bill, siler certs got you a silver. Then take in the mass melts of both, why some are near impossible to find. Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 05/25/2018 7:01 pm I collect by date, choosing years that have a wide range of types included. I ALWAYS spend an inordinate amount of time deciding on a date, based on availability in price ranges I like. For example, 1883 with four Morgan's, 3 type nickels, and reasonably priced gold. Or 1853 which is a decades long challenge with so many types. I also ran in to problems with the 3 Indian gold and Saint. Either they missed dates or they were prohibitively expensive. I cheated by doing 1934 and just buying nice types of the Indians and Saint. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 05/25/2018 7:13 pm Complicated subject. I think @jbuck is correct, gold production by the 20th century was essentially demand-related. But what a teller might give someone in exchange for a bill, gold-denominated or not, would simply be a matter of bank policy and what happened to be in the teller's change drawer. It would have NOTHING to do with the dates on the coins. It is important to remember that most people accepted most federal paper money then (as now) at face value, regardless of whether it happened to be backed by a precious metal. People were not typically running around converting notes to bullion to stuff away. The convertibility of some notes (gold and silver certificates) and non-convertibility of other notes (US Notes and Federal Reserve issues) was a legislative matter that had little effect on day-to-day commerce. Report this Post to the Staff
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