Were US Gold coins ever available from the mint or from banks in rolls?; and if so.........
SanctionII
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.............. does anyone have any stories (that you have heard or that you were personally involved in) regarding OBW rolls of gold coins? If so, please regale us with the story(ies).
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He used to get BU gold coins at the bank, sometimes in rolls. After all, they were a coin in circulation back then.
I can remember as a child when he would dip off the rainbows and the colors from the Morgans he would buy in bags. You had to order them, but you could still buy bags of silver dollars as recently as the late 50s. AT FACE VALUE! He would throw them in his vault, not litterally of course, and then open them when he had time. Sometimes that was years later and that's when I got to see some of his stuff.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>How many coins were in a roll of each denomination? >>
40 coins for all the fractionals and 20 for the full Double Eagles from what my memory tells me, but they could have been fractional rolls. There used to be 25 penny rolls from the banks back then too.
It was a whole different world way back then, well before probably anybody around her was born yet.
Edit: My bad, I meant 40 and 20 , but I typed 20 and 10. Just having a blond moment here.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Another story I've read is that virtually all of the 1929 half eagles that are known today came from two rolls of 40 coins each that were issued before the 1933 Gold Surrender Order.
<< <i>Wow! A 20-coin roll of double eagles would have really been a lot of weight to carry around! >>
People did not carry those around. They are transported from place to place in that days equivalent of armed cars for payments made for major business deals.. A roll of 20 double eagles would have been more than most family’s annual income in the late 19th and early 20th century.
<< <i>How fricken cool would it be to have a roll of quarter eagles or half eagles. Pretty cool I say, pretty cool. >>
It was just money back then. It represented a lot of money to many people, but the interest factor was in a par with today's state quarters as collectors' items.
<< <i>
<< <i>Wow! A 20-coin roll of double eagles would have really been a lot of weight to carry around! >>
People did not carry those around. They are transported from place to place in that days equivalent of armed cars for payments made for major business deals.. A roll of 20 double eagles would have been more than most family’s annual income in the late 19th and early 20th century. >>
I would agree for the most part. However, my Great Uncle was a very wealthy landowner with many farms. He bought them and carried them around. He sold out everything in 79-80 and spent his fortune travelling the world and finally enjoying the fruits of his labors.
He ignored FDRs surrender order as well. He never did like Democrats and he would rant about what FDR had done and how it would mean the death of this nation financially.
He actually lived quite a long life, 103 years to be exact. I attended his funeral less than 2 yrears ago.
No, I wasn't in the will........
As an aside, he was a smoker for nearly 90 years and that wasn't what finally caused his death.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>
<< <i>How fricken cool would it be to have a roll of quarter eagles or half eagles. Pretty cool I say, pretty cool. >>
It was just money back then. It represented a lot of money to many people, but the interest factor was in a par with today's state quarters as collectors' items. >>
Agreed but I was talking about owning one now
<< <i>I can remember as a child when he would dip off the rainbows and the colors from the Morgans he would buy in bags. >>
<< <i>
<< <i>How fricken cool would it be to have a roll of quarter eagles or half eagles. Pretty cool I say, pretty cool. >>
It was just money back then. It represented a lot of money to many people, but the interest factor was in a par with today's state quarters as collectors' items. >>
Come on-- there couldn't have been that little interest in them.
It's sometimes hard for us as collectors to even think about using coins as a medium of exchange. We're so used to thinking of them as collectors items that we think people were idiots to spend the BU Morgan dollars they got as Christmas presents back in the 1940's and 1950's.
Obscurum per obscurius
<< <i>What would it take to complete a mint set for any year, say 1914, but the set is comprised of OBW's for each issue of that year?
<< <i>
<< <i>What would it take to complete a mint set for any year, say 1914, but the set is comprised of OBW's for each issue of that year?
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<< <i>you could still buy bags of silver dollars as recently as the late 50s. AT FACE VALUE! >>
Actually you could do that up to the mid 1960's.
One auction I'm sorry I missed out on on eBay was a "wrapper" from the turn of the century for a roll of double eagles. A METAL wrapper. It was a metal tube with fold down tabs that you bent over the ends of the roll to keep the coins from falling out. it was embossed on the side $20 400 dollars in two lines running lengthwise. I bid but not high enough. Should have saved the picture.