LOOSE CHANGE: APRIL 17, 2022

Vintage slabs from the early days of third-party coin grading continue to be hot sellers at auction, as seen in several auctions at GreatCollections and an online auction at Heritage that focused on vintage and unusual slabs.

Heritage sold an 1881-S Morgan silver dollar — the most common date in the series in nicer Mint State grades — graded Mint State 65 by Numismatic Guaranty Co. for a hefty $5,040 on March 7.

To read the complete article, see:
Market Analysis: Strong market for vintage slabs (https://www.coinworld.com/news/us-coins/market-analysis-strong-market-for-vintage-slabs)

 

This exhibition explores the history of transatlantic slavery through its connections with the Bank of England and the wider City of London.

For over 300 years, the slave trade tore more than 12 million African people from their homes and families. In this exhibition, we reflect on how the wealth created through transatlantic slavery shaped the development of Britain.

Open now: The exhibition will be open Monday to Friday 10am – 5pm, with late openings until 8pm every third Thursday of the month.

Entry is free, and no need to book ahead.

To read the complete article, see:
Slavery & the Bank (https://www.bankofengland.co.uk/museum/whats-on/slavery-and-the-bank)

In 1903 at the New Orleans Mint, 4,450,000 million circulation strike silver dollars were minted. Not needed in circulation at the time, most of the coins were placed in storage. Silver dollars were a glut in American commerce, and even the Treasury Department did not know what to do with all of them. The Bland-Allison Act of February 28, 1878, the Sherman Silver Purchase Act of 1890, and other boondoggle pieces of legislation were enacted to make Uncle Sam the buyer for millions of ounces of silver mined in the West.

It was determined that the easiest way to store all of this silver was to mint it into the largest denomination of that metal, the silver dollar. From March 1878 onward, hundreds of millions of silver dollars were struck, using a design by George T. Morgan (hence the Morgan dollar). Millions were placed into circulation, but hundreds of millions of others were stored in vaults set up by the Treasury, including at other mints, at the Treasury Building next to the White House in Washington, and in government Post Office buildings. By 1918 about a half-billion unwanted silver dollars were in storage.

To read the complete article, see:
Bowers on Collecting: The fascinating 1903-O silver dollar (http://news.coinupdate.com/bowers-on-collecting-the-fascinating-1903-o-silver-dollar-2/)

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