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Why Dates On Coins?

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TheForce's Avatar
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 Posted 04/29/2006  11:15 am Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
Is there really a need and value of adding dates to coins other than from a collectors standpoint? Would having dateless coins have curbed the so called hoarders in those years when the mint removed the mint marks in the mid 60's?
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 Posted 04/29/2006  3:20 pm  Show Profile   Bookmark this reply Add OldDan to your friends list Get a Link to this Reply
Without dates, how else would you have found all those vairations of the 1964 dime.
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crystalk64's Avatar
3147 Posts
 Posted 04/29/2006  4:32 pm  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
WIthout dates how could the U.S. Mint or Federal Reserve actually verify what was made or shipped in any particular year? I can assure you the dates ARE NOT for coin collectors even though it has worked out that way. As an example, the Mint and Federal Reserve are sitting on Sacagawea dollars and Kennedy half dollars and have been for years. How could they possibly know when they were minted or the amount of inventory without a system involving dates to verify proper inventory control and future needs? There is much more involved than simply satisfying a bunch of coin collectors.
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swamperbob's Avatar
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 Posted 04/29/2006  6:21 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
As I recall, dates were far more important when intrinsic metal was involved in coinage. Metal used in the various denominations varies over time and therefore a coin dated in one year may have more or less precious metal than one made either before or after even if the denomination is identical.

Since most collectors are familiar with US coins, a good example are the Seated Liberty 25 Cent coins. As a kid I assembled a type set of these coins. There are several minor design changes, but there are also intrinsic value changes. The government was forced to alter the composition to prevent hoarding of coins. If there was too much silver the coins went into the melting pot - too little they didn't circulate well. So you have several weight changes made during this series which was made from 1839 to 1891. The standard was 0.1934 OZ from 1839 to 1853. This was lowered to 0.1800 OZ from 1853 to 1873. It was raised to 0.1808 OZ from 1873 to 1891. If you notice, both chages occurred in mid-year, so in 1853 and 1873 there are actually two assays for each year. To mark the difference in both cases, the mint added arrows at the date. This created extra types.

Without dates - how would you know the actual metal content?
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Sap's Avatar
Australia
16827 Posts
 Posted 04/30/2006  02:02 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Dates have been placed on coins for almost as long as coins have been around.

Ancient Greek and Roman mints sometimes placed dates on coins, partly as a means of quality control, partly for propaganda reasons - when the dating system used was part of the ruler's titles or part of the proud heritage of the city of issue, for example, "16th year of the Emperor Tiberius", "Ninth year of renewal of the tribunician power (of a Roman Emperor)", "Year 192 since the Founding of the City", and so on. Dating was, however, applied inconsistently and it can be hard to convert such dates to BC/AD dates.

The first real sticklers for putting the date on every single coin were the early Islamic caliphate, again partly for quality control purposes and partly for propaganda - the Islamic calendar dates from the founding event of their religion, Mohammed's flight from Mecca. They may have copied the concept of dated coins from their Persian precursors, the Sassanians.

Dark Age Europe was slow to catch on to the concept of putting dates on coins; the earliest AD dates to appear on coins are from the 1300's. Dates didn't appear on English coins until 1548, during the reign of Edward VI.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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toast's Avatar
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 Posted 04/30/2006  03:23 am  Show Profile   Bookmark this reply Add toast to your friends list Get a Link to this Reply
Cool answer.
Would you know Why and When did they start putting mint marks on coins?
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KLD's Avatar
Australia
1079 Posts
 Posted 04/30/2006  04:05 am  Show Profile   Bookmark this reply Add KLD to your friends list Get a Link to this Reply
I wish the Europians did date coins prier to 1300's, would be easier to identify the coins:)

I couldn't imagine coins without dates on them, for many reaons, most of which are stated above.
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Sap's Avatar
Australia
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 Posted 04/30/2006  07:40 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
"Mintmarks" predate virtually any other design feature of coins. Indeed, it could be argued that the very first coins from Lydia and other early Greek states were simply blobs of gold, electrum or silver with a mintmark on them - the "mintmark" being a modification of the personal seal of either the king or the early mintmasters. Pictures and monograms were used as symbols for the various mintmasters in many ancient coin series, though these were not truly "mintmarks" in the modern sense.

Alexander the Great's kingdom was the first "world superpower" to issue a standardised coin throughout the empire, but the symbols used to distinguish the coins of different mints are not always easily understandable today, even for the specialists in the field.

If by "mintmark" you mean an easily translatable symbol, such as "D" for Denver or "S" for Sydney, then you'd have to go back to the Romans for our inspiration. In the coinage reform of emperor Diocletian in 296 AD, a system of mintmarks was introduced throughout the empire, replacing the various local coinages used before this. These symbols were simply a group of up to half a dozen letters, usually incorporating an abbreviation of the mint-city. Other letters stood for "money" or for the particular branch mint within that city that was responsible for that particular coin. Some larger cities had over a dozen of these branches.

Some examples:
MOST = Ostia, Italy (here the "M" means "moneta", or money).
SMANTB = Antioch, Syria (here "SM" is "sacra moneta", or sacred money, and the B is branch mint No.2 (B is the Greek number 2)).
PLON = London, Britain (here "P" is "pecunia", another word for money). Australian coins struck in London in the 1950's had the "PL" mintmark - a 1,700-year-old tradition!
AQT = Aquileia, France (here "T" is branch mint No.3, or "tercius").

Many countries/empires since then, that have issued a unified currency throughout the nation, have used mintmarks to denote from which part of the nation the coin originated. France, Germany, Spain (and the Spanish colonies in the Americas) and Britain have all used them to particular effect.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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