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The E-Sylum: Volume 23, Number 41, October 11, 2020, Article 32

LOOSE CHANGE: OCTOBER 11, 2020

Here are some additional items in the media this week that may be of interest. -Editor

New American Eagle Reverse Designs

I didn't get a chance to cover this in last week's issue, but Coin World's Bill Gibbs wrote the U.S. Mint's planned new designs for the reverse of the American Eagle bullion coins. -Editor

2021 American Eagle reverse designs

The United States Mint on Oct. 1 unveiled the new reverse designs for the 2021 American Eagle gold and silver coins. The designs are scheduled to appear in midyear, with Mint officials thus far silent on how the design transition will be conducted before the new coins are released.

The new reverse of the American Eagle silver coin will depict an eagle in flight with an oak branch in its talons, a design favored by the Commission of Fine Arts for the American Eagle gold bullion coin.

The American Eagle gold coin will depict an eagle's head in close-up; the Citizens Coinage Advisory Committee recommended a similar design for the reverse of the silver coin, principal differences being with the inscriptions, including placement of the mottoes.

To read the complete article, see:
Mint unveils American Eagles with new reverse designs (https://www.coinworld.com/news/us-coins/mint-unveils-american-eagles-with-new-reverse-designs)

Walmart Keeps the Change

A Pennsylvania Walmart customer got a surprise instead of change for her purchase. -Editor

Walmart coin shortage sign A national coin shortage has some retailers asking customers to pay with credit or debit cards, or use exact change if possible.

But a Lehigh Valley woman said the Whitehall Township Walmart store took it a step further and refused to give her change — with no advance warning.

"We gave them $42; I was supposed to get 84 cents back.

Richards, who paid at the MacArthur Road Walmart's self-checkout line, said she got no satisfaction when she questioned the lack of change at the register. She then went to customer service and, after waiting several minutes, she said, the store handed her the change.

Avani Dudhia, a Walmart spokesperson, said store personnel believe Richards' event was an isolated incident, and that signs are posted at each register asking customers to provide exact change or other means of payment. She also said the company's policy has been giving customers the choice of receiving change or donating the difference.

To read the complete article, see:
Shortchanged? Lehigh Valley shopper says she was refused 84 cents at Walmart amid COVID coin shortage (https://www.mcall.com/business/mc-biz-walmart-lehigh-valley-customer-denied-change-back-20201005-czmsy5pppvesxddpmsel34ige4-story.html)

The St. Luke Finance Corporation in the 1920s

Last week we discussed Maggie Lena Walker's St. Luke bank. Coincidentally, the week the Museum of American Finance is offering a Zoom program on the St. Luke Finance Corporation in the 1920s by the author of Banking on Freedom, published in 2019 by Columbia University Press. -Editor

Banking on Freedom book cover Shennette Garrett-Scott on "Dreaming of Colored People: Black Women and the St. Luke Finance Corporation in the 1920s"

MoAF/Fordham Webinar Series

Wednesday, October 14, 2020 | 12:00 PM to 1:00 PM

Join us for a talk with award-winning author and professor Shennette Garrett-Scott on her book Banking on Freedom: Black Women in US Finance Before the New Deal. African American women in 1920s-era Harlem participated in real estate and other investment schemes for complex reasons. They often hoped to combine individual gain and collective uplift in their financial pursuits. The St. Luke Finance Corporation was one such scheme that showed great promise but struggled against structural and institutional inequities as well as criticism from some sectors of the Black community.

To read the complete article, see:
Shennette Garrett-Scott on "Dreaming of Colored People: Black Women and the St. Luke Finance Corporation in the 1920s" (https://www.moaf.org/events/general/2020-10-14-shennette-garrett-scott-on-dreaming-of-colored-people-black-women-and-the-st-luke-finance-corporation-in-the-1920s)

To read the earlier E-Sylum article, see:
MAGGIE LENA WALKER'S SAVINGS BANK (https://www.coinbooks.org/v23/esylum_v23n40a30.html)



Wayne Homren, Editor

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