How coins were minted a century ago

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Rich49
Rich49 Posts: 191 ✭✭✭
in U.S. Coin Forum

Found this on You Tube .Don't know where this was.Enjoy

A rare video from the archives which documents every aspect of minting coins, from raw bullion to bagged coins.

This is one of the first films, shot in 1907, a silent movie (enhanced with a 21st century soundtrack,) that has the original sub-titles, and classic old mint employees, performing their daily duties.

I had to turn off the sound, horrible music.

https://www.youtube.com/watch?v=Ef8FdPJ5aVw

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Comments

  • anablep
    anablep Posts: 5,208 ✭✭✭✭✭
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    Fascinating! Thanks for sharing.

    I can see so many hazards where fingers, hair or clothes could get caught in presses, gears, or under heavy machinery/bars of metal. Ouch!

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


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  • Coinstartled
    Coinstartled Posts: 10,135 ✭✭✭✭✭
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    Very cool video.

  • Rich49
    Rich49 Posts: 191 ✭✭✭
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    anablep said Fascinating! Thanks for sharing.I can see so many hazards where fingers, hair or clothes could get caught in presses, gears, or under heavy machinery/bars of metal. Ouch!

    Yeah I was thinking the same thing.Breathing in fumes, No eye protection,Hearing loss :(

    photo index.gif

  • CoinCrazyPA
    CoinCrazyPA Posts: 2,899 ✭✭✭✭
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    If that stack of gold bullion was valued at 150,000 in 1907 what is the value today?

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  • CoinCrazyPA
    CoinCrazyPA Posts: 2,899 ✭✭✭✭
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    Oh and cool video thanks for posting.

    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

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  • Rich49
    Rich49 Posts: 191 ✭✭✭
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    "According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.97% per year. Prices in 2017 are 2392.0% higher than prices in 1907. In other words, $100 in the year 1907 is equivalent to $2,492.02 in 2017, a difference of $2,392.02 over 110 years. " WOW !

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  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    That is way cool!

    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • BryceM
    BryceM Posts: 11,940 ✭✭✭✭✭
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    A few thoughts:

    • This gives me a new appreciation for condition rarities. It’s a happy accident that any business-strike coins exist today in MS67 grades.
    • Our nation used to place great importance in the integrity and soundness of a dollar.
    • The average mint worker had (has) an industrial job the same as any other. What fascinates us may as well have been headlights or hubcaps to them.
    • The soundtrack was horrible. ;)
    • There are plenty of potential ways valuable metal could have wandered off.
    • Cool video. Thanks for sharing.
  • AUandAG
    AUandAG Posts: 25,050 ✭✭✭✭✭
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    Stamped, pressed and minted......all terms used.

    Very interesting and now we know why error coins can be worth so much.

    bob :)

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    At about 3:00 they are running a strip through a blanking mill to cut out what I think are half dollars. One strip ends and another begins and the lead end of the new strip shows two half circles where two straight clip blanks were cut out (and no doubt culled out and remelted).

    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • BruceS
    BruceS Posts: 1,549 ✭✭✭✭✭
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    Did you see that guy who's job it was to "ring" each coin. Presumably looking for cracks. Bouncing it off that steel disc. How would you like to do that for 8-10 hours a day?

    Very interesting video.

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  • AUandAG
    AUandAG Posts: 25,050 ✭✭✭✭✭
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    @BruceS said:
    Did you see that guy who's job it was to "ring" each coin. Presumably looking for cracks. Bouncing it off that steel disc. How would you like to do that for 8-10 hours a day?

    NOT, bet he committed suicide shortly after filming.

    bob :(

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • 291fifth
    291fifth Posts: 25,218 ✭✭✭✭✭
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    @Rich49 said:

    anablep said Fascinating! Thanks for sharing.I can see so many hazards where fingers, hair or clothes could get caught in presses, gears, or under heavy machinery/bars of metal. Ouch!

    Yeah I was thinking the same thing.Breathing in fumes, No eye protection,Hearing loss :(

    Can you imagine just how much noise was generated by banks of those machines cranking out coins?

    All glory is fleeting.
  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    I have been on the floor of the Denver and Philadelphia Mints with presses running. Very loud.

    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • ldhair
    ldhair Posts: 7,460 ✭✭✭✭✭
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    That was fun. Thanks.

    Larry

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Great video, thanks for posting. As to all the 'hazards'....How did the human race ever survive? Actually, much like the childhood of many of us 'older' members... it was standard procedure....and many of the so-called hazards of today (not all, of course) are blown out of proportion and were made so by bureaucrats to justify their positions. We survive and multiply.... happily :D;) Cheers, RickO

  • PocketArt
    PocketArt Posts: 1,335 ✭✭✭✭✭
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    Awesome video! Thanks for sharing!

  • Unknown
    Unknown
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  • Rich49
    Rich49 Posts: 191 ✭✭✭
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    Gold was abt $20 oz. in 1907 oz, so roughly @ 150,000.00 is abt 7500 oz .Today Abt 1276.00 oz now X 7500 oz. = $95 million 700 thousand !
    Avg wage in 1907 .22 cents hr $400 -$600 year Avg.(I wonder how much they scraped off their shoes and under their fingernails every day !)

    photo index.gif

  • epcjimi1
    epcjimi1 Posts: 3,489 ✭✭✭
    edited October 8, 2017 1:41PM
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    Vintage stuff. I like the "Each coin is then carefully weighed and tested.", followed by hands dragging coins back on a conveyor belt to illustrate the point. Interesting vid, soundtrack is suspect as other aspects of the vid. But what the hell. Doesn't strike me as American manufacturing practice, either.

  • RogerB
    RogerB Posts: 8,852 ✭✭✭✭✭
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    Nice. There are several others at NARA in Philadelphia and College Park.

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