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1937 Oregon Trail Commemorative Half Dollar


Photo Courtesy of Gold Rarities Gallery
Copy Courtesy of Numismatic Guaranty Corporation
For at least a decade before the California gold rush of 1849, there was a growing migration of settlers to the West. Most of these pioneers were bound for the rich farmland of the Willamette Valley in the Oregon territory and followed a route which stretched over 2,000 miles from Independence, Missouri to Fort Vancouver, now Vancouver, Washington. Crossing the continent on this Oregon Trail was an arduous undertaking in the 1840s, made even more perilous by non-existent roads and the constant threat of violent storms, prairie fires, dysentery and cholera, not to mention sporadic Indian attacks. Travelers on the trail organized themselves into small companies to better fend off the many hazards en route. Due to the rigors of the trip, many did not make it the whole way. But the promise of a new beginning was at the end of the journey, and this spurred on a continuing exodus. As difficult as it was, more than 6,000 people used the trail by 1846. Only the discovery of gold in California in 1848 reduced the flow of traffic.

Due to the rigors of the trip, many did not make it the whole way
In 1926, a New York corporation calling itself the Oregon Trail Memorial Association, Inc. petitioned Congress to authorize a half dollar to "commemorate the heroism of our fathers and mothers who traversed the Oregon Trail to the far West with great hardship, daring, and loss of life, which not only resulted in adding new states to the Union, but earned a well-deserved and imperishable fame for the pioneers." The Association, whose president was the pioneer Ezra Meeker (who made the journey in 1851), ostensibly sought to use the funds raised to erect monuments along the route. Subsequent events proved that the promoters had little more than unbridled greed on their minds. Congress, however, was apparently satisfied that the commemoration was of national significance, and passed legislation on May 17, 1926 authorizing the coining of "no more than six million" coins. Thus, the Oregon Trail Commemorative Half Dollar was born - along with the beginning of a speculator rush for limited edition coins.

The design was completed by the famed husband and wife team of James Earle and Laura Gardin Fraser. Mrs. Fraser had designed several commemorative coins, notably the 1922 Grant half dollar and dollar, and her husband, who is credited with the obverse design of the Oregon Trail half, is remembered for creating one of the most memorable of all modern coin designs, the Buffalo nickel.