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Origin of term "business strike."

CaptHenwayCaptHenway Posts: 32,749 ✭✭✭✭✭
in U.S. Coin Forum
Just used the term "business strike" in a story I am writing, and reflected upon its origin.

The logical explanation is that it is a coin intended to be used in commerce, or "business."

Does anybody know otherwise, or have another theory?

Thanks.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • NoPoleNoPole Posts: 46
    I think it made up by dealers
  • CalebCaleb Posts: 739 ✭


    << <i>Just used the term "business strike" in a story I am writing, and reflected upon its origin.

    The logical explanation is that it is a coin intended to be used in commerce, or "business."

    Does anybody know otherwise, or have another theory?

    Thanks. >>



    Sounds 'BS' to me image
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭


    << <i>Just used the term "business strike" in a story I am writing, and reflected upon its origin.

    The logical explanation is that it is a coin intended to be used in commerce, or "business."

    Does anybody know otherwise, or have another theory?

    Thanks. >>

    Yup that is what it is no specail care in makeing them. That is why it's hard to find a nice coin in bank rolls and only in mint set when they are made with out satin finish. image


    Hoard the keys.
  • PerryHallPerryHall Posts: 46,850 ✭✭✭✭✭


    << <i>Just used the term "business strike" in a story I am writing, and reflected upon its origin.

    The logical explanation is that it is a coin intended to be used in commerce, or "business."

    Does anybody know otherwise, or have another theory?

    Thanks. >>



    Your explanation makes sense to me. We must now call proofs and commems "collector strikes" to be consistent.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • firstmintfirstmint Posts: 1,171 ✭
    I've too have used that terminology in the past, but now, I'm using "circulation strike".

    The Mints were in business to strike coins, but there is a difference in ones that were struck for regular circulation or the ones struck in Proof.

    Just my take.
    PM me if you are looking for U.S. auction catalogs
  • RGTRGT Posts: 508 ✭✭
    Some of the mint products are more appropriately called "funny-business" strikes.
  • homerunhallhomerunhall Posts: 2,496 ✭✭✭
    At last week's FUN show Dave Bowers told me Walter Breen came up with the term. Dave does not like the term and prefers "circulaton strike". PCGS uses "regular strike" though I think Dave's terminology is probably better.

    hrh

  • CaptHenwayCaptHenway Posts: 32,749 ✭✭✭✭✭


    << <i>At last week's FUN show Dave Bowers told me Walter Breen came up with the term. Dave does not like the term and prefers "circulaton strike". PCGS uses "regular strike" though I think Dave's terminology is probably better.

    hrh >>



    Huh! What a coincidence!

    Somebody else told me that the Mint uses the term "production strikes."
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • LakesammmanLakesammman Posts: 17,460 ✭✭✭✭✭
    Circulation strike seems to make sense, as proofs are a non-circulation strike........
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • OverdateOverdate Posts: 7,159 ✭✭✭✭✭
    More than two categories are needed. Bullion gold and silver eagles cannot be considered "circulation strikes" when they never show up in circulation.

    My Adolph A. Weinman signature :)

  • PerryHallPerryHall Posts: 46,850 ✭✭✭✭✭


    << <i>More than two categories are needed. Bullion gold and silver eagles cannot be considered "circulation strikes" when they never show up in circulation. >>



    They are usually refered to as NCLT---Non Circulating Legal Tender.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TheBigBTheBigB Posts: 942 ✭


    << <i>More than two categories are needed. Bullion gold and silver eagles cannot be considered "circulation strikes" when they never show up in circulation. >>



    How about "InvestmentStrike®", please remember that Investment Strike will soon be a registered trade mark of TheBigB Inc.
  • PerryHallPerryHall Posts: 46,850 ✭✭✭✭✭


    << <i>

    << <i>More than two categories are needed. Bullion gold and silver eagles cannot be considered "circulation strikes" when they never show up in circulation. >>



    How about "InvestmentStrike®", please remember that Investment Strike will soon be a registered trade mark of TheBigB Inc. >>



    Many of the smaller AGE's are used in jewelry and aren't really considered to be investments.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CaptHenwayCaptHenway Posts: 32,749 ✭✭✭✭✭


    << <i>

    << <i>More than two categories are needed. Bullion gold and silver eagles cannot be considered "circulation strikes" when they never show up in circulation. >>



    How about "InvestmentStrike®", please remember that Investment Strike will soon be a registered trade mark of TheBigB Inc. >>



    "Bullion strikes" would work.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>More than two categories are needed. Bullion gold and silver eagles cannot be considered "circulation strikes" when they never show up in circulation. >>



    They are usually refered to as NCLT---Non Circulating Legal Tender. >>






    Yes, they are called that. But that could also include all proofs and commems as well, couldnt it?
  • gecko109gecko109 Posts: 8,231 ✭
    Tom, you done shoveling yet? image
  • CaptHenwayCaptHenway Posts: 32,749 ✭✭✭✭✭


    << <i>Tom, you done shoveling yet? image >>



    Next door neighbor just finished digging me out. Had about six inches with not much drifting. How were things closer to the lake?
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • thecoinlookthecoinlook Posts: 356 ✭
    You know... while typing up some descriptions, I had a serious thought for at least 30 seconds (haha) about business strike versus circulation strike.
    Then I remembered this thread and checked it again to see what people thought.

    I suppose it's possible to have a business strike, but not a circulation strike?

    Commem Halves (modern and classic)... not intended for circulation, and should not be considered circulation strikes, but business strike yes?

    I don't know, just a morning ramble

    I ended up using circulation strike in my description, and will probably try to convert to that, instead business strike (for non-commem coins).
    (just re-read the previous replies before posting, and as Overdate mentioned, Bullion coins would fall under this same... whatever.)
    I'm done.
  • DentuckDentuck Posts: 3,820 ✭✭✭
    House editorial style at Whitman Publishing is to use circulation strike.


  • 57loaded57loaded Posts: 4,967 ✭✭✭
    BS is more common, but CS is more accurate, i suppose

    good topic! (for dummies like me) image
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    Funny. Last night I was reading Adams/Bently Comitia Americana book, and noticed that they used the term "business strike" in relation to the WBB medal.

    Now WTH does "business strike" mean in terms of medal production image

    I had also heard Breen originated the term. A careful reading of Wayte Raymond's CCJ from the early 1950s might reveal the source.
    Newman Numismatic Portal, www.NewmanPortal.org

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