How coins were minted a century ago
Rich49
Posts: 190 ✭✭✭
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
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!
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Very cool video.
Yeah I was thinking the same thing.Breathing in fumes, No eye protection,Hearing loss
If that stack of gold bullion was valued at 150,000 in 1907 what is the value today?
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Oh and cool video thanks for posting.
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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 !
That is way cool!
A few thoughts:
Stamped, pressed and minted......all terms used.
Very interesting and now we know why error coins can be worth so much.
bob
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).
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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NOT, bet he committed suicide shortly after filming.
bob
Can you imagine just how much noise was generated by banks of those machines cranking out coins?
I have been on the floor of the Denver and Philadelphia Mints with presses running. Very loud.
That was fun. Thanks.
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
Cheers, RickO
Awesome video! Thanks for sharing!
interesting video
https://photos.app.goo.gl/Lu7hEuQDcc95URgz6
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 !)
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.
Nice. There are several others at NARA in Philadelphia and College Park.