Category: Items of Interest

Certifying a Family Heirloom: 1805 $5 Gold Coin

Although not a coin collector, Robert McGough owned a coin that was meaningful to him. He had owned it all of his life. As an eight-month-old baby he visited his great-grandmother who was a practical nurse in the employ of an older lady, well into her 90s.

This woman was enamored with the smile and disposition of her caretaker’s great-grandchild. At the end of the visit, she gave to the baby a gold coin that she had been given as a young girl nearly 90 years before.

McGough’s grandmother and the woman who gifted him the coin both passed away when he was quite young. The coin sat tucked away for many years, and was seldom looked at. On those occasions when it was taken out, he remembers being told, “You got that as a baby,” and it was something that he owned his entire life.

Now 66, McGough sought to investigate the coin, as he was curious about its value. The coin was an 1805 five dollar gold piece, and it was not obvious how to determine its value. Just 33,183 were made, and there is a wide range in value depending on condition. But McGough’s primary concern was finding someone he could trust, because he didn’t know any dealers near him in Tennessee and didn’t want to be misled about the value of the coin.

Some Internet searching led him to dealer John Albanese, and a few phone conversations made him comfortable with him and the procedures for shipping the coin to Albanese with proper insurance.

After reviewing the coin, Albanese recommended having it certified so that it could realize its full market value. It was submitted to NGC, where it graded MS 63, putting it in the upper echelons of known examples. McGough could not have been a better steward for it. The coin is an attractive tan gold color and has a perfect original skin. It’s just some light abrasion and a few wispy lines that keep it from higher grade, and it is simply a wonderful choice uncirculated example.

While nothing has been decided, McGough comments that, “Getting the coin certified was a step toward selling the coin. It’s been a very good experience to get this accurate information.”

World War II WASPS Receive Congressional Gold Medal

The Women Airforce Service Pilots (WASP) of World War II were honored with the Congressional Gold Medal during a ceremony today in Emancipation Hall at the Capitol Visitor Center.  Both surviving members of the WASP, as well as representatives of deceased members of the organization, participated in the ceremony.  The medal, presented by the Congressional leadership, honors WASP members for their pioneering military service that led to reform in the U.S. Armed Forces.

The WASPs served between 1942 and 1944, ferrying aircraft between U.S. bases, testing fighter planes and towing targets for the men to practice shooting at with live ammunition. They flew more than 60,000,000 miles in every type of aircraft flown by the Army Air Corps, including the B-26 bomber – also known as the “widow maker” – and the B-29 Superfortress. Thirty-eight of them died while serving their country.

Despite their service, the women had to pay their own way to Sweetwater, Texas, for training at Avenger Field. They set up collections to help bury fallen female pilots, who – because they were considered civilians – were not given military honors. And, as the war was ending, they were forced to pay their own bus fare home. When the program was disbanded in 1944, the women’s records were classified and sealed, denying them recognition for their service.

The 1,074 WASPs were never granted military rank, never flew in combat and were denied veterans benefits until 1977. Only 300 of these female pilots survive today.

The obverse (heads side) of the WASP Congressional Gold Medal was designed by United States Mint Artistic Infusion Program Master Designer Joel Iskowitz and sculpted by United States Mint Sculptor-Engraver Phebe Hemphill.  The design depicts the portrait of a WASP with three others in the foreground in period uniforms with an airborne AT-6 in the background.  Inscriptions on the obverse are WOMEN AIRFORCE SERVICE PILOTS and 1942-1944.

The medal’s reverse (tails side) was designed and sculpted by United States Mint Sculptor-Engraver Don Everhart.  The design features the three aircraft that the WASPs flew during their training: the AT-6, B-26 and P-51.  The WASP wings are depicted at the base of the design.  Inscriptions on the reverse are THE FIRST WOMEN IN HISTORY TO FLY AMERICAN MILITARY AIRCRAFT, ACT OF CONGRESS and 2009.

Pocket Change Yields an Unusual Find

By Tim Shuck

Many collectors have occasionally discovered an older coin in circulation. I have, usually Wheat Lincoln cents of various dates or, more infrequently, a silver dime or quarter. I’ve never been too surprised at these finds because the cents, dimes, and quarters of 40 or more years ago look much like the ones minted more recently. Thus, they often pass back and forth without drawing attention.

Occasionally, a non-collector might notice the ‘wheat’ on the back of cents, and a few might have wondered about the different surface and edge coloration when silver coins are encountered. But those older coins are the same diameter and approximately the same weight as their modern versions, and don’t stand out unless you’re carefully looking.

Roll-searchers of course find a great variety of coins, not only older U.S. coins but often world coins as well. I’m not a roll-searcher and confess that though I do look through the coins I receive, I am not as vigilant as many coin collectors in closely examining change.

Recently however I was notified of a in-circulation find that I’m fairly certain even I would have noticed. In an email from my brother in the Richmond, Virginia, area, he noted that a co-worker had discovered an unusual coin in his pocket change. A U.S. coin, but one that didn’t quite look right. I contacted the finder, and he provided me with this narrative (slightly edited for publication):

“I went through the drive-through at the local Chic-fil-A to get a milkshake. I confess to a serious addiction to their milkshakes. I got the change and stuffed it my pocket and drove off for home.

When I was getting ready to throw the change into the coin jar on the kitchen counter, I noticed that a couple of quarters looked very new. My wife is saving state quarters to make full sets for the grandkids and I’m under instructions to check any good ones to see if she needs them. (more…)

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