By Doug Winter – RareGoldCoins.com

The decade between 1834 and 1844 was the beginning of the modern era at the United States mint. The second half of this decade was especially interesting. A number of experiments and acts of legislation provided some of most attractive and popular issues in the history of American coinage.

A combination of factors occurred in the early to mid 1830’s that led to these design changes and the introduction of new mints and new denominations. Large quantities of gold were discovered in North Georgia and western North Carolina in the early 1830’s. This led to the establishment, in 1834, of branch mints in Charlotte, New Orleans and Dahlonega. These mints opened in 1838 and by the end of the 1830’s, all three were producing gold coins.

An important technological advance was the introduction of the steam press in 1836. Coins were now able to be struck using a close collar which allowed for a thicker edge and a more precise diameter and sophisticated designs. It also meant that the quaint, “folk art” designs of John Reich were to be replaced with more modern, technologically savvy renderings.

Christian Gobrecht was named the new Mint Engraver in 1835, after the exodus of John Reich. Gobrecht was a talented artisan whose skill enabled the Mint to modernize its gold coinage. Beginning in 1838, he attempted to create a uniform Liberty Head design for all three of the current gold denominations. This design would remain, with minor changes, until 1907.

One of the first assignments that Gobrecht was given was to design a new gold dollar. A small number of experimental pieces were produced in gold (Judd-67) as well as in a gold alloy, silver and copper. Despite an attractive design, this experiment did not produce any immediate results and the gold dollar denomination was shelved until 1849.

As more and more gold was discovered in the south, the importance of the yellow metal in coinage increased. Conversely, large discoveries of silver in Mexico and South America meant that the price of gold bullion rose. The Classic Head quarter eagle was introduced in 1834 and it featured a design by William Kneass and John Reich. The weight of these quarter eagles was reduced to 258 grains (from 270) and the diameter was lessened from nineteen millimeters to 17.5. Most importantly, mintage figures rose dramatically. Between 1829 and 1834 around 25,000 quarter eagles were struck. In 1834 alone, over 112,000 of the new Classic Head pieces were produced. (more…)

A possibly unique gold coin celebrating the assassination of Julius Caesar will go on display at the British Museum today – the Ides of March, marking the 2,054th anniversary of his death.

The coin was struck in honour of Marcus Junius Brutus, one of the assassins of Julius Caesar. The reverse shows the cap of liberty given to freed slaves flanked by two daggers. This indicates Brutus’ intention of freeing Rome from Caesar’s imperial ambitions and the murder weapons employed to do so. Below the daggers is the day of the deed; EID.MAR, the ides of March.

Few coins capture a moment in history with such stark and brutal imagery. Brutus had carried out the attack with some fellow Roman Senators in 44 BC when Caesar had come unarmed to address the Senate on 15 March. This day was known to the Romans as the ides, or the middle day of the month and was recognised on a new calendar system that Caesar himself had established just two years before.

The assassins, or ‘freedom party’ as they regarded themselves, fled Rome to Macedonia to raise an army. However, they were defeated by Caesar’s allies led by Mark Antony and Octavian at the Battle of Philippi (42 BC). Brutus subsequently committed suicide.

The decision to flee east was probably influenced by the richness of the provinces of the eastern Roman Empire – raising an army was a very costly business. Supplies needed to be bought and soldiers needed wages. Amongst the coins the conspirators briefly struck to this end was this one.

Although numerous surviving examples of the silver version are known, including several in the British Museum’s coins and medals collection, there were only believed to be two in gold.

Curiously, King George III (reigned 1760-1820) owned one of the two gold examples as part of his large chronological sequence of coins and medals followed a system common among eighteenth-century collectors to arrange their ancient Roman coin collections. Experts now believe that this coin is a fake.

The present example on display was offered for sale to the British Museum in 1932 but they couldn’t afford to buy it. Sold privately to a number of collectors , its present owner (anonymous) has loaned the coin to the museum, and it will be displayed publicly for the first time.

This Chain cent appeared on the April 1869 Levick plate, the first photographic plate of large cents that appeared in the American Journal of Numismatics.

This lovely 1793 Chain cent, like most early coins, has considerable character and individuality. It combines outstanding technical quality with an historic provenance that dates back nearly 150 years, one of the longest ownership records of any Chain cent known today.

This Chain cent appeared on the April 1869 Levick plate, the first photographic plate of large cents that appeared in the American Journal of Numismatics. The Levick plate was also the first systematic attempt at the classification of large cent varieties. Twelve obverse dies and 10 reverse dies were illustrated in an arrangement of 15 different varieties. The photography was by Joseph N.T. Levick, with the descriptions and arrangements by Sylvester S. Crosby. The achievement was remarkable for the time, as only seven additional die marriages have been discovered in the 141 years since that publication.

R.W. Julian wrote in an article on the 1793 cents in the May 1990 issue of Coins magazine: “There is probably more fascination with the 1793 issues of the Philadelphia Mint than any other coinage of this country, yet the average collector knows little of this far-off year.”

The 1793 Chain cents, beginning with the famous Chain AMERI cent, were the first federal coins actually struck at the U.S. Mint early that year. The entire production of 36,103 coins (of all five known varieties), took place in early March, although R.W. Julian, Walter Breen, and others speculated that some may have been minted on February 22, marking President Washington’s birthday. (more…)