Search found 322 matches

by RogerB
Fri Jun 05, 2020 7:23 pm
Forum: Discussion Forum
Topic: Anyone know what is going on the edge on this 1889P?
Replies: 8
Views: 325

Re: Anyone know what is going on the edge on this 1889P?

A couple of thoughts of the OP’s interesting coin. Weak peripheral lettering can have several causes: Blank struck instead of an upset planchet; Die set-up test piece; or Collapsed peripheral portion of die. Blank struck would be the most common cause. Failure to upset the planchet rim would reduce...
by RogerB
Tue Jun 02, 2020 11:47 pm
Forum: Discussion Forum
Topic: 1890-S with over polished lower tail feather
Replies: 1
Views: 98

Re: 1890-S with over polished lower tail feather

The die was lapped too many times, or with too much pressure and that removed some of the detail. It might also have happened during re-basining of the die to correct differential expansion during hardening & tempering.
by RogerB
Sun May 31, 2020 4:29 pm
Forum: Discussion Forum
Topic: Does anyone recognize this handwriting?
Replies: 8
Views: 395

Re: Does anyone recognize this handwriting?

The digits 2 - 3 - 5 seem distinctive.
by RogerB
Sun May 31, 2020 4:27 pm
Forum: Discussion Forum
Topic: David M Bradford - 1st NO Mint Supervisor
Replies: 4
Views: 274

Re: David M Bradford - 1st NO Mint Supervisor

Very interesting and well written information. Learned all sorts of new things -- including that David Bradford did NOT invent the "Bradford Pear" tree.

:)
by RogerB
Fri May 29, 2020 10:26 pm
Forum: Discussion Forum
Topic: Users of 1900 data for research projects - Update
Replies: 3
Views: 146

Re: Users of 1900 data for research projects - Update

RG104 E-229 Boxes 106 - 124 (Dec 15, 1899 to Oct 6, 1900) are available in NNP. The remaining boxes will be available from me per the opening post.
by RogerB
Fri May 29, 2020 5:59 pm
Forum: Discussion Forum
Topic: Users of 1900 data for research projects - Update
Replies: 3
Views: 146

Users of 1900 data for research projects - Update

It is expected that NARA will reopen soon and I can digitize the balance of 1900 data in Entry 229. Several collectors are using these documents in research projects and this will allow them to complete searching CY 1900. Anyone who wants to receive the balance of 1900 files should send me a PM or e...
by RogerB
Thu May 28, 2020 3:25 pm
Forum: Discussion Forum
Topic: My 1921 Peace dollar VAM 3
Replies: 9
Views: 308

Re: My 1921 Peace dollar VAM 3

The "B" looks odd because of insufficient metal to fill the die. This, and the weak central details are typical for this date.

Good eyes to spot that variety!
by RogerB
Wed May 27, 2020 4:09 pm
Forum: Discussion Forum
Topic: Sample “Special Assay” report for 1890 Morgan dollars
Replies: 1
Views: 138

Re: Sample “Special Assay” report for 1890 Morgan dollars

These Special Assay reports were made monthly for each mint, so there are a lot of them scattered throughout US Mint archives. It's unclear if they have much research value or are more just curiosities.
by RogerB
Tue May 26, 2020 3:35 pm
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Re: Monthly silver to gold ratio 1896 - 1924

After 1933 gold entered the US as payment for commodities and exchange for dollars. Just prior to WW-II British, French and other non-Axis countries shipped gold and other precious materials to Quebec and Ft. Knox for safekeeping. This remained the various nations' property and were never counted am...
by RogerB
Tue May 26, 2020 12:12 am
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Re: Monthly silver to gold ratio 1896 - 1924

I might also add, just for clarity, that FDR did not devalue the dollar except in relation to gold. There was no change in domestic commodity prices, no sudden price increases, and only a small decline in foreign dollar exchange. Other countries had already dropped the circulating gold exchange stan...
by RogerB
Mon May 25, 2020 7:12 pm
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Re: Monthly silver to gold ratio 1896 - 1924

My main points are: 1. A true bi-metallic standard at equivalence cannot be maintained. 2. Silver: Gold ratios have always been arbitrary and cannot be maintained. Yeah, I know this can be "nasty" stuff. But it is something that colors the past of numismatics and has influenced thousands of decision...
by RogerB
Mon May 25, 2020 6:56 pm
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Re: Monthly silver to gold ratio 1896 - 1924

From 1924 forward there were similar ranges although somewhat less volatility after the June 1934 Silver Act. At that point the government put a floor on the price of newly mined silver so that western miners could stay in business. This reduced volatility but the ratio was often closer to 100 to 1 ...
by RogerB
Mon May 25, 2020 3:35 pm
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Re: Monthly silver to gold ratio 1896 - 1924

RE: "I had assumed that so long as governments had a fixed rate for the purchase of bullion that it could "fix" or "set" the market price and that there was little to no change in the ratio. I think I remember that during the years when silver was being purchased for Morgans the price of silver was ...
by RogerB
Mon May 25, 2020 3:21 pm
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Re: Monthly silver to gold ratio 1896 - 1924

Excellent questions and they go directly to the core of any "silver-to-gold" (or analogous) ratio. Since ancient times there have existed two ways of valuing precious metals (and other things). The production value, which depended on total sunk acquisition cost plus enterprise profit. The government...
by RogerB
Mon May 25, 2020 12:46 am
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Re: Monthly silver to gold ratio 1896 - 1924

PPS: The period December 1916 – June 1920 roughly coincides with a period of increasing labor and supply expenses for gold mining companies. Many such businesses could not make a profit with gold fixed at $20.67+ per fine ounce and chose to close mines, or divert work to lead, silver, copper and oth...
by RogerB
Mon May 25, 2020 12:12 am
Forum: Discussion Forum
Topic: Monthly silver to gold ratio 1896 - 1924
Replies: 15
Views: 415

Monthly silver to gold ratio 1896 - 1924

At the risk of inflaming a very few to the detriment of many, here is a table from the U. S. Mint Bureau showing the silver to gold market ratio from 1896 to 1924. Ratios were calculated using the statutory value of gold versus the average monthly silver market price in London. 19240404 Gold to silv...
by RogerB
Sat May 23, 2020 9:03 pm
Forum: Discussion Forum
Topic: Sample “Special Assay” report for 1890 Morgan dollars
Replies: 1
Views: 138

Sample “Special Assay” report for 1890 Morgan dollars

The U.S. Mint term “Special Assay” is occasionally confused with “Annual Assay. ” From the earliest days of our national mint, samples of gold and silver coins were reserved during the year, and then subjected to independent testing by a presidentially appointed body of citizens called the Annual A...
by RogerB
Thu May 21, 2020 2:33 am
Forum: Discussion Forum
Topic: Newly uncovered photo of punishments at US Mint c.1878...
Replies: 6
Views: 293

Re: Newly uncovered photo of punishments at US Mint c.1878...

Actually --- this was the favored cure for migraine headache at the Carson Mint. The two women likely owned the kettle.
Nice find!
by RogerB
Wed May 20, 2020 3:56 am
Forum: Discussion Forum
Topic: 1922 D VAM 2O2 VLDS
Replies: 11
Views: 436

Re: 1922 D VAM 2O2 VLDS

Hmmm...Widest crack since the last time the plumber was here to fix a toilet.
:)
by RogerB
Wed May 20, 2020 3:52 am
Forum: Discussion Forum
Topic: Gold/Silver Ratio
Replies: 32
Views: 920

Re: Gold/Silver Ratio

"Ratios" between precious metals are useless, arbitrary and have no commercial value - and never did. The silver to gold ratio was always an attempt to express commercial availability of one metal in the other so that transactions would have at least temporary equivalence. This goes back at least as...