Archive for September, 2007

1909 V.D.B. Lincoln Cent

Photos used with permission and courtesy of Heritage Auction Galleries

Description:The first year issue of perhaps one of the most popular and enduring designs in US Coinage. The new coin featured a portrait of Abraham Lincoln on the front and two “ears” of wheat on the back. The designers initials “VDB” were placed near the rim on the reverse. A total mintage of 24,479,000 coins came from the Philadelphia Mint, so examples can be found at all grade levels. However a much smaller mintage was generated from the San Francisco Mint which produced only 484,000 coins

The 1909-S VDB enjoys a constant level of popularity from collectors because of its relatively low mintage, first year of issue status, and the only year the designer’s initials were placed on the lower reverse.

Citing the famous ‘09-S VDB in his book, Complete Encyclopedia of U.S. and Colonial Coins, Walter Breen writes that John Zug, an early 20th century coin dealer, bought 25,000 (five bags) of these coins from the San Francisco Mint at issue and resold them at 1 3/4 cents apiece around 1918. This is just one of many stories that might be told about this famous issue.

Chief Engraver Charles Barber is often portrayed as a jealous (and even villainous) figure by imaginative numismatic writers, especially when the subject concerned designs from outside artists. Barber is frequently credited with the prompt removal of the ‘prominent’ V.D.B. initials from the reverse; they returned to the Cent on Lincoln’s shoulder in 1918, after Barber’s demise.

Specifications:

Designer: Victor David Brenner
Mintage: Philadelpha Mint 28,479,000 - San Francisco Mint 484,000 : Matt Proofs 420
Denomintion: One Cent
Diameter: 19 millimeters
Metal content: 95% copper - 5% Tin and Zinc
Weight: 48 grains (3.11 grams)
Dies:

Additional Resources :

Last Updated : 09/22/2007

1853 Seated Half Dollar - Arrows and Rays

Photos used with permission and courtesy of Heritage Auction Galleries

Description:
The 1853 is a highly desirable one-year type Seated Half Dollar with arrows at the date and rays on the reverse added to indicate a weight reduction from 13.36 grams to 12.44 grams.

While Arrows and Rays Halves are relatively available in the better grades of AU and lower-end Uncirculated, there are very few truly Gem, upper-end Mint State examples known.

When vast quantities of California gold began arriving in the nation’s commercial centers, the overwhelming new supplies made silver overpriced in relation to gold or other currencies. The silver content of the nation’s coins exceeded their face value, leading to wholesale meltings. To alleviate the situation, the silver content of the nation’s minor coinage was somewhat lessened, to an amount less than their face value, indicated by arrows at the date and rays on the reverse. (Neophyte collectors sometimes believe that the 1873 Arrows coinage shows a further silver reduction, but in fact the opposite is true.)

Specifications:

Designer: Obverse by Thomas Sully, modified by Christian Gobrecht and Robert Ball Hughes, Reverse by Christian Gobrecht
Mintage: 3,532,708 and 10 Proofs
Denomintion: Half Dollar
Diameter: ±30 millimeters
Metal content: 90% Silver - 10% Copper
Weight: ±192 grains (±12.4 grams)
Edge: Reeded

Additional Resources :

Last Updated : 09/22/2007

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