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Commems Collection Classic: 1926 American Independence Sesquicentennial - Origin Story

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commems's Avatar
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 Posted 03/15/2022  1:37 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
The journey to the silver and gold coins issued to mark the 150th anniversary of American Independence began in February 1925 when the Mayor of Philadelphia, and President of the Sesquicentennial Exhibition Association, W. Freeland Kendrick, wrote to President Calvin Coolidge requesting that he:

1. Send invitations "to the nations of the world to participate in the sesquicentennial of American independence."

2. Request that such nations send naval vessels to participate in the Exposition.

3. Indicate to Congress his support for:

a. The creation of a national Commission consisting of the US Secretary of State and the US Secretary of Commerce to represent the US Government's participation.

b. The creation of an advisory commission that included citizen-representatives for all US states, possessions and territories (i.e., 48 States plus Alaska, Hawaii, the Philippines, Porto Rico (Puerto Rico), the Panama Canal Zone and the Virgin Islands.

c. The striking of a gold $1.50 coin and a silver half dollar.

d. The issue of a one dollar bill that commemorates the Declaration of Independence.


Coolodge supported Kendrick's proposal and forwarded his letter to Congress, adding his recommendation for "favorable consideration."

Just days later, Joint Resolutions were introduced in the House of Representatives and Senate that called for "the cooperation of the United States in the sesquicentennial exhibition commemorating the signing of the Declaration of Independence." Representative George Potter Darrow (R-PA) introduced the Resolution in the House; Senator George Wharton Pepper (R-PA) handled matters in the Senate. The House Resolution was referred to the Committee on Industrial Arts and Expositions; the Senate Resolution was referred to the Committee on the Library.

Each of the Resolutions established the requested National Advisory Commission ("Commission") to the Sesquicentennial Exhibition Association ("Association") and authorized the Commission to work with the Association regarding the staging of the Sesqui-Centennial International Exposition; the Philadelphia-based Association was formed in January 1921. In addition, it laid the groundwork for the creation of a US Government Exhibit at the Exposition.

The Resolutions also included the requested language that called for commemorative coins to be struck - 500,000 $1.50 gold coins (see link below), and one million silver 50-cent pieces. Also included was the requested commemorative $1 bill.

The Senate's Committee on the Library reported back first. It supported the Resolution but recommended substitute language for its first section. The new language provided the Commission's membership details as outlined by Mayor Kendrick. The new language was reported out to the Senate.

The Senate moved quickly, amending and passing its Joint Resolution ahead of the House. When its Joint Resolution was brought up for consideration by the House, the already-passed Senate version was substituted without objection. During its consideration of the Resolution, the House passed several amendments: it changed the gold $1.50 coin to a Quarter Eagle ($2.50), lowered its authorized mintage to 200,000 coins (from 500,000) and removed the commemorative $1 note/bill. The Resolution with its House amendments was then returned to the Senate for concurrence.

Side Note: The idea of a commemorative bill came to fruition roughly 50 years later in the form of a $2.00 bill as the US marked its 200th Anniversary/Bicentennial. John Trumbull's Declaration of Independence painting is seen on the note's back.

The Senate agreed to the House amendments without debate, thus allowing the Resolution to be sent to the President for approval and signature. US President Calvin Coolidge signed the Joint Resolution into law on March 3, 1925. With it, the last program of the classic era to include gold and silver commemorative coins was officially created - there would not be another approved combination program until the 1983-84 Los Angeles Olympics coin program within the modern series (two Silver Dollar designs plus a Gold Eagle ($10)).

1925 American Independence Sesqui-Centennial Coins

Commems-Collection-Classic:-1926-American-Independence-Sesquicentennial---Origin-Story Commems-Collection-Classic:-1926-American-Independence-Sesquicentennial---Origin-Story

Commems-Collection-Classic:-1926-American-Independence-Sesquicentennial---Origin-Story Commems-Collection-Classic:-1926-American-Independence-Sesquicentennial---Origin-Story

Commems-Collection-Classic:-1926-American-Independence-Sesquicentennial---Origin-Story


For more on the issued 1926 Sesquicentennial of American Independence coins - along with the proposed gold $1.50 coin - check out:

- 1926 American Independence Sesquicentennial
- 1926 American Independence Sesquicentennial - Ephemera
- What If? 1926 American Independence Sesquicentennial Gold $1.50


For a brief discussion of the Sesqui-Centennial International Exposition in Philadelphia, check out:

- 1926 American Independence Sesquicentennial - Coins with Conjoined Portraits Thread


For other of my posts on commemorative coins and medals, have a look at: Read More: 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 03/15/2022  2:00 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Always look forward to your articles.
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macmercury's Avatar
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If the gold commemorative denomination is $1.50, that would be first in that denomination? I don't believe there is any $1.50 gold piece minted in the US.
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 Posted 03/16/2022  05:41 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Fantastic history post commems. I really enjoy the design of that gold $2.5 coin - I've been looking for a nice example for a while now.
Take a look at my other hobby ... http://www.jk-dk.art
Too many hobbies .... too much work .... not enough time.
CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 03/16/2022  06:46 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
If the gold commemorative denomination is $1.50, that would be first in that denomination? I don't believe there is any $1.50 gold piece minted in the US.

Yes, had the Resolution passed in its original form, the gold $1.50 coin that would have resulted would have been the first Federal US coin of the $1.50 denomination to be struck. Considering the US was marking its 150th anniversary of the Declaration of Independence, I think a gold $1.50 coin would have been apropos.

A few years later, in 1930, a bill calling for a gold coin to honor Crawford W. Long, the physician credited with discovering anesthesia, was introduced - it proposed a $1.50 gold coin. The bill failed due to lack of action, so the unusual denomination never became a topic of debate in Congress.

If you'd like to read more about the Crawford Long proposal, check out:

- What If? 1930 Crawford Long



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
03/16/2022 10:07 am
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