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Replies: 6 / Views: 1,132 |
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Valued Member
United States
438 Posts |
I post this question here, because I feel more people will be able to see it and hopefully answer my question. Now, I do not collect commemoratives, mainly because while in college you cannot collect every coin type, but I just found out about the Oregon Trail commemorative, and wow! This coin is seriously beautiful. Anyways, to get to my point, this coin is a half dollar, I don't own one, but saw them on ebay, now, did people actually use these coins in circulation, or any commemoratives? They are US legal tender, correct? I see that this coin in particular, can be bought in G VG F VF AU BU etc... Were these used in times of desperation, or at one point did the US mint actually send these into circulation? Hopefully somebody can give me the details on this. Just something I couldn't in a quick google search!
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Moderator
 Australia
16829 Posts |
They are legal tender, but it's my understanding that most if not all of them were sold direct to collectors, dealers, or the group that organized that the coins be struck, to be sold at a premium above face value (for half-dollars, typically between $1 and $2). People would be understandably reluctant to take a coin they had paid a premium for and spend it for face value, so it rarely happened. Unsold coins were returned to the mint, but as far as I'm aware these remainders were never simply bagged up with the rest of the half-dollars and sent into circulation.
On the other hand, the Great Depression happened at about he same time as many of the commemorative coins came out - some pre-Depression types no doubt did indeed get spent and circulated during the tough times. Afterwards, World War II might also have seen some people be more concerned with buying what they needed rather than saving special coins.
Finally, some have been used as "pocket-pieces", accruing considerable wear in an effort to undo a botched cleaning job, a staple scratch or some other damage.
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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Pillar of the Community
United States
3276 Posts |
Some coins always make it out into circulation. As stated they were sold to collectors.... But proof sets are not meant to be circulated, but I have found proofs when roll searching cents and nickels. So the same way that these proofs made their way into circulation, commemoratives can do the same. Some half dollar roll searchers have found some old commemoratives searching as well. When people need money and don't know the value or origin of their coins, they will willingly spend anything.
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Bedrock of the Community
United States
20753 Posts |
Due to several times lately of poor economy, crime has increased substantially. One of the major increases is in home robberies, people getting robbed to and/or from a coin store or show. Coin dealers being robbed at shows and at their stores. There has been several such home robberies in my block where I live. Most criminals have little knowledge of Numismatics so to them a coin is a coin. Many realize that some of what they stole is strange so they just dump them into counting machines anywhere. Some even take them to banks in bags or rolls. Regardless of how they get rid of the stolen coins, they all get circulated.
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Pillar of the Community
United States
1151 Posts |
Yes some were put into circulation. Not by the US mint but by people that had bought them. Like for example the 1893 Columbian Expo half dollar they were sold at the door for $1 for a souvenir. I guess some how some of them had gotten into circulation whether by people or by the mint because they were unsold.
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Pillar of the Community
United States
7191 Posts |
The Oregon Trail is a truly beautiful commemorative half dollar. Mintage began in 1926 and continued off and on until 1939. The 1926 and 1926 s are the most common and are found in a variety of condition. Later issues especially the 1939's are very low mintage and command a high price accordingly.
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Rest in Peace
United States
9104 Posts |
Columbians had more made than regular issues, and tens of thousands were spent.
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Replies: 6 / Views: 1,132 |
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