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Commems Collection Classic: 1934 Maryland Tercentenary - 100,000 Mintage?

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commems's Avatar
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 Posted 02/10/2022  07:01 am Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
The original bill proposing the 1934 Maryland Tercentenary Half Dollar, introduced in the Senate, called for 10,000 coins to be struck. The Senate passed the bill and sent it on to the House for its consideration; upon its receipt, the bill was referred to the House Committee on Coinage, Weights, and Measures. During its review of the bill, the Committee recommended that the mintage be increased to 25,000 coins. I've written before about this change for the Maryland Tercentenary coin, you can read the post here: 1934 Maryland Tercentenary - Amended Request.

The bill and the changes recommended by the Committee were brought up for consideration in the full House via a request for unanimous consent by Representative Andrew Lawrence Somers (D-NY). Instead of proceeding without issue, however, Representative Thomas Lindsay Blanton (D-TX) rose to object to limiting the mintage increase to just 25,000 and asked consideration for raising it to 100,000. Blanton was looking to increase the amount of silver in circulation and reasoned the Maryland half dollar could be a vehicle to help fulfill such a desire.

Representative Somers, a member of the House Committee, addressed Representative Blanton's suggestion and indicated that the Committee, after discussion, believed 25,000 was "the proper number." Representative Blanton persisted, however, suggesting that he would be fine with having 25,000 coins make up the portion of the mintage that is held as non-circulating souvenirs, but believed the remaining 75,000 coins could find their way into circulation.

Representative Somers reminded Blanton that most commemorative coins are never placed into circulation by those who purchase them (at a premium) and stated that he knew of no mechanism to force a portion of the mintage into circulation (at face value). With this argument presented, Representative Blanton withdrew his objection and the 25,000 coin version of the bill passed without further issue.

And so, the Maryland Tercentenary Half Dollar did not instantly become a commemorative half dollar that was unlikely to have its sales reach the full level of its authorization - the 25,000 mintage proved to be a more than adequate number for the Maryland Tercentenary Commission.


1934 Province of Maryland Tercentenary Half Dollar
Commems-Collection-Classic:-1934-Maryland-Tercentenary---100,000-Mintage? Commems-Collection-Classic:-1934-Maryland-Tercentenary---100,000-Mintage?


For more on the Maryland Tercentenary Half Dollar, check out:

- 1934 Maryland Tercentenary
- 1934 Maryland Tercentenary - Revisited
- 1934 Maryland Tercentenary - Hans Schuler
- 1934 Maryland Tercentenary - Official Seal
- 1934 Maryland Tercentenary - Coins with Hats Thread



Other of my posts about commemorative coins and medals can be found here: Commems Collection.



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Coinfrog's Avatar
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 Posted 02/10/2022  09:04 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
That's interesting, thanks!
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nickelsearcher's Avatar
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 Posted 02/10/2022  09:35 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I find it interesting that, in this case, it is the House delegation (vice the Senate) that requests the mintage increase from 10,000 coins (which would constitute a rarity) to the final mintage of 25,000 coins.

Most of these stories that commems shares in his House vs Senate threads has the Senate delegation providing the reasonable checks and balances edits to the proposed commemorative coin bills.

Thanks commems for sharing the info.
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commems's Avatar
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 Posted 02/10/2022  09:53 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
I find it interesting that, in this case, it is the House delegation (vice the Senate) that requests the mintage increase from 10,000 coins (which would constitute a rarity) to the final mintage of 25,000 coins.

I was hoping that someone would pick up on that!

Yes, just a couple of years after the Maryland bill, the Senate Committee on Banking and Currency would adopt a set of legislative provisions that would result in many commemorative coin proposals - whether initiated in the House or Senate - being revised/amended so as to be more collector-friendly.

You can read about it here:

- Senate Committee on Banking and Currency


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
02/10/2022 09:55 am
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jbuck's Avatar
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hokiefan_82's Avatar
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 Posted 02/10/2022  2:42 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thanks, commems. I find it interesting that Rep. Somers stated he knew of no mechanism to force a portion into circulation. There was a recent discussion in one of your posts about many commemorative issues which did have a bulk release of unsold coins into circulation.

However, maybe that's the distinction - I assume none of those others were minted with the intention that part of the mintage would be released into circulation at face value...
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My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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commems's Avatar
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 Posted 02/10/2022  3:19 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
I assume none of those others were minted with the intention that part of the mintage would be released into circulation at face value.

Exactly. They were all struck in response to orders placed by the coin sponsors who often had very optimistic sales projections. The coins were only placed into circulation when it became clear they couldn't be sold at a premium.



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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