Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Shop for APMEX Bullion on eBay!Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection! Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

1877 $50.00 Half Union Coin?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 8 / Views: 7,900Next Topic  
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 07/05/2009  12:46 pm Show Profile   Bookmark this topic Add Bryan1315 to your friends list Get a Link to this Message Number of Subscribers
I saw a infomercial on these where they are remaking these and since I have never heard of them I figured it would be a good discussion on here. I know I could just do a internet search and probably find out all the information I wanted to know about them but figured if it was discussed here some others would learn at the same time. from what I gathered from the infomercial it had close to the same fate of the St Gaudens of 1933, where they were minted then halted and some mint official sold them to individuals and they were never supposed to be released to the public so from what it said these would also be illegal to own just as the 1933 St Gaudens
Pillar of the Community
ratman4762's Avatar
United States
2520 Posts
 Posted 07/05/2009  1:39 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
I believe the "half union" & "union" coins were patterns and none were ever issued for circulation. In fact I don't think the "Union" was ever struck...at least no gold examples were ever struck.
Valued Member
Greckel's Avatar
United States
61 Posts
 Posted 07/05/2009  3:00 pm  Show Profile   Bookmark this reply Add Greckel to your friends list Get a Link to this Reply

Quote:
The Half-Union was a gold United States coin minted as a pattern in 1877 with a face value of US$50, and weighed roughly 2.5 ounces. It was never struck for circulation, due to the belief that it would only circulate among banks. A Full Union, with the face value of 100 dollars, was never made due to the failure of the Half-Union.

In 1915, a commemorative Panama-Pacific International Exposition Half-Union was issued in two forms: round and octagonal. It had a gladiator-like figure on the front and a wisdom owl on the back. Both coins were designed by Robert Aitken, and all Panama-Pacific Half-Unions were minted in San Francisco. Today, the commemorative 1915 round and octagonal $50 coins sell for multiple tens of thousands of dollars in any condition. With a mintage of just 483 the round $50 coin has, in fact, the lowest mintage figure of any official U.S. mint issue of the 20th Century. At the 1915 Exposition, these coins were sold both individually and in framed sets. Not surprisingly, few were purchased, as few could afford $50, let alone a small premium on the coins.


This is just what I pulled off of Wikipedia.

It sounds like the patterns might still be around, but it appears that they were never struck as ratman said.
Edited by Greckel
07/05/2009 3:06 pm
Pillar of the Community
ratman4762's Avatar
United States
2520 Posts
 Posted 07/05/2009  3:10 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
The half union was struck (at least 2 examples in gold). I read that they were in the hands of a private owner....who was "requested" to turn them over to the mint. He was compensated with a trunk full of other pattern coins. The Union was never struck in gold...or possibly never struck at all.
Pillar of the Community
ratman4762's Avatar
United States
2520 Posts
 Posted 07/05/2009  3:17 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
http://americanhistory.si.edu/colle...view=&user=# There is a copper struck in the Smithsonian.
Moderator
Learn More...
echizento's Avatar
United States
23731 Posts
 Posted 07/05/2009  4:58 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Two examples were struck but never put into circulation.
Pillar of the Community
TreasHunt's Avatar
United States
2540 Posts
 Posted 07/06/2009  06:08 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
They wre patterns.

Another infomercial without any accurate info.
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 07/06/2009  3:14 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Other errors or things not mentioned in the commercial.

The two half union coins were of different designs.
J1546
1877-$50.00-Half-Union-Coin?

J1548
1877-$50.00-Half-Union-Coin?
Note the difference in the size of the heads, the treatment of the hair at the nape of the neck and t
the position of the coronet in relationship to the stars

Copper specimens were also struck. but only one of each design in gold.

The coins were probably sold by a mint employee, but they didn't sell them for $20,000. The $20,000 was what Woodin paid the coin dealer Stephen K Nagy, who had purchased them from Captain John Haseltine, for the two coins. (There were a LOT of rarities and patterns sold by mint personnel out the back door to Wiliam Idler an his son-in-law Capt Haseltine between the 1860's and the 1880's. Possibly even later. And the sales were not by the general employees, it was done by Management. For example all but one of the Class III 1804 dollars can be traced back to Capt Haseltine. The one coin that can't be traced, was in the collection of Mint Director Linderman. It is also important to know that these mint officials also wrote letters of authenticity for these coins claiming they were genuine coins struck in the year 1804, when they had actually been struck during their administration. And they knew it.)
Edited by Conder101
07/06/2009 5:47 pm
Pillar of the Community
wd1040's Avatar
United States
3098 Posts
 Posted 07/06/2009  3:18 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
They're in the back of the RedBook, where the other patterns are, just a note...
  Previous TopicReplies: 8 / Views: 7,900Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.3 seconds to rattle this change. Forums