AuthorTopic: Numismatic Art - Famous Coins Known For Historic Artistic Appeal  (Read 971 times)

Offline Golden Oxen

  • Golden Oxen
  • Moderator
  • Master Chef
  • *****
  • Posts: 10842
    • View Profile
Diners,  Starting this thread with a coin that is loved and adored by collectors. The Famed Fugio Cent which was the work of one of my heroes Benjamin Franklin. Could there ever have been a more industrious man, our Peter is the only one I've met that comes close.

Talk about a coin for Libertarians, "MIND YOUR BUSINESS", the famous inscription on this Historic American Art Work.

                                             
                                           



                                           

                                                 


                                                                     THE STORY OF THE FUGIO CENTS

--Reprinted from "The Early Coins of America" by Sylvester S. Crosby, with modifications by Ron Guth

These were the earliest coins issued by the authority of the United States.  The records relating to them are very meager, and the papers therein referred to cannot be found.  The ensuing copies of the entries in the Journal of Congress contain all the information that can now be procured regarding the proceedings of the authorities in relation to this coinage:  these we copy according to their dates.

Saturday, April 21, 1787

"The coinage of federal CENTS, coppers, at New York, we are told, is carrying on, and we may expect soon to see them in circulation among us—these will free us from the impositions to which we are now exposed from the floods of light half-coined British half-pence, introduced among us—and as, from the excellent monitorial caution, 'MIND YOUR BUSINESS,' impressed on each of these, they may prove an antidote to insurgency, they will doubtless be held in high estimation."

Link to extensive article on our nation's first coin for interested readers

http://www.coinfacts.com/historical_notes/history_of_the_fugio_cents.htm :icon_study:
       

                                 

Online Surly1

  • Administrator
  • Master Chef
  • *****
  • Posts: 11395
    • View Profile
    • Doomstead Diner
Re: Numismatic Art - Famous Coins Known For Historic Artistic Appeal
« Reply #1 on: October 17, 2015, 10:15:13 AM »
Just splendid.

Keep them up, GO. Wonderful bits of history reflected in coinage.
"It is difficult to write a paradiso when all the superficial indications are that you ought to write an apocalypse." -Ezra Pound

Offline Golden Oxen

  • Golden Oxen
  • Moderator
  • Master Chef
  • *****
  • Posts: 10842
    • View Profile
Way back when money had value, we had the half penny coin. What pride and craftsmanship went into our early coinage.  Our young nation was so proud of it's LIBERTY and FREEDOM.

Miss Liberty is so beautiful and proud, with her flowing locks and wide open eyes beaming forward. What a beautiful antique of our young nations pride and vision.

Wonder what it would have been like to meet Ben Franklin or Paul Revere in person and chat with them for a moment


                                               




                                               

The first United States half cents were 35,334 pieces minted between July 20 and September 18, 1793. The dies are believed to have been prepared by Henry Voigt, but this remains uncertain. Half cents of this date are smaller in diameter than subsequent issues and bear a unique design adapted from the beautiful Libertas Americana medal coined in France. Liberty's bust faces left in this year alone, and the Phrygian Cap of the freedman is borne on her right shoulder. The wreath is extremely elaborate, with extensive detailing that required individual hand-punchings in the die preparation process. This type's beaded border is also unique to the 1793 coinage. In addition to the value expressed two ways on the reverse, the edge of each coin reads TWO HUNDRED FOR A DOLLAR in incused letters.

   

Offline Eddie

  • Administrator
  • Master Chef
  • *****
  • Posts: 12481
    • View Profile
Re: Numismatic Art - Famous Coins Known For Historic Artistic Appeal
« Reply #3 on: November 22, 2015, 10:13:41 AM »
GO, I've never collected coins (other than modern bullion coins)....but I saw these the other day, and thought the premium over bullion was extremely low. I know these aren't truly rare, but it seemed to me that they might be worth paying the slight extra cost for the collectibility factor. I'd appreciate your opinion, either here or privately.



http://www.amergold.com/vault/pageview.php?coin=20_Liberty_gold_coins_ms61

And as an aside, I'd like to know if a "collectible" coin truly provides more "financial privacy" than a bullion coin.
What makes the desert beautiful is that somewhere it hides a well.

Offline Golden Oxen

  • Golden Oxen
  • Moderator
  • Master Chef
  • *****
  • Posts: 10842
    • View Profile
Re: Numismatic Art - Famous Coins Known For Historic Artistic Appeal
« Reply #4 on: November 22, 2015, 05:36:08 PM »
GO, I've never collected coins (other than modern bullion coins)....but I saw these the other day, and thought the premium over bullion was extremely low. I know these aren't truly rare, but it seemed to me that they might be worth paying the slight extra cost for the collectibility factor. I'd appreciate your opinion, either here or privately.



http://www.amergold.com/vault/pageview.php?coin=20_Liberty_gold_coins_ms61

And as an aside, I'd like to know if a "collectible" coin truly provides more "financial privacy" than a bullion coin.

Absolutely the better choice, the numismatic coin over the Generic. Was going to suggest this to you and AZ earlier in your recent purchase postings, but decided it would be nitpicking. Since you opened the door. Lets just do a shoet pros and cons list and see if that clears the fog.

Cons against purchasing numismatic gold at a slight premium to generic bullion coins.


The grading of a coin is an opinion, not a fact. In this case an MS61 coin to the grader might appear to be a AU 58 grade to another. A problem if he is to be the prospective buyer.

A generic bullion Gold coin is always one oz of gold, and it's value is never a question. It has NO numismatic value, and is worth whatever an oz of gold is worth in the fiat you are transacting in at the current point in time. Period. There can be slight argument if the coin is significantly scratched or damaged, but that is rarely the case.

A generic Bullion Gold coin is eligible to be placed in an IRA retirement account, such as an American Gold Double Eagle, a numismatic coin is not.

A numismatic Gold double eagle does not contain an oz of gold.

Originally the purity of all circulating gold coins in the United States was eleven twelfths pure gold (the same 22 karats level as English crown gold) and one twelfth alloy. Under U.S. law, the alloy was composed only of silver and copper, with silver limited to no more than half of the alloy by weight. Thus, U.S. gold coins had 22/24 (22 kt or 91.667%) pure gold, at most 1/24 (0–4.167%) silver, with the remaining one–two 24ths (4.167–8.333%) copper.[1]

If fleeing to another country, or just moving to say South America or Europe, as well as in your Own country the Generic Bullion Gold coin of a nation has instant recognition and marketability. Numismatic coins do not, and arouse suspicion amongst the wary, or those with limited numismatic knowledge, which is 99.9% of the population. Everyone dealing in these matters knows what an American Eagle, a Canadian Maple, a Mexican Libertad, or Austrian Philharmonic is, to name the most popular.

The Grim Reaper has a way of visiting folks unexpectedly, most folks die with their gold in a vault or safe keeping spot known by heirs. They are much less likely to get screwed by the unscrupulous with Generic Bullion coins for obvious reasons. Many of these people prey upon the dim in these matters, and have no conscience or scruples whatsoever. If they size heirs up as ultra dim, they will even claim the coins are counterfeit and your poor father got the shaft by someone. They will low ball bid for them and say they will sell the as forgeries to those who collect such items.
Don't laugh, this is a field where smiling, friendly, handshaking business suited con men are supreme masters at sizing up the strength or wisdom of their prey.


Pros for purchasing Numismatic low premium coins.

The strongest and most important reason to go this route is you are by legal precedent protected from the government declaring your Gold Coinage as unlawful.
FDR was forced to exempt all numismatic gold from his infamous executive order. While this not a guarantee of the future, as long as we are a nation of laws, such legal precedent is very important.

You become in purchasing numismatic gold, a coin collector, not a gold hoarder. You automatically acquire the legal team of the entire coin collecting and numismatic community, which has some very wealthy members, as legal protectors of your hobby and it's historical significance. you become a historian and collector of antiques, rather than a gold hoarding Piggie.

Again please don't laugh, Gold Bugs who blow farts in the governments face by turning their bankster fiat into gold at every opportunity, and urging others to do the same are considered swine. While another holding a sign at an Occupy Wall St movement, are considered  patriots and heroes. I have even been accused of murdering Incas centuries ago.

Numismatic coins are fixed as to supply, generics are manufactured endlessly, leading to higher and higher premiums as time and inflation move on for the scarcer fixed supply numismatic coin.

Numismatic coins as my postings on the diner have been trying to convey can also be classified as antiques, rare engravings, sculpture and art, family heirlooms, worthy of museum display such as the Smithsonian. One can see readily how they differ from generic gold bullion coins.

I prefer the numismatic Eddie, but of course we make up our own minds in these matters.

Two minor statements in closing. The dealer you mentioned in his ad referred to PCGS and NGC as the graders, but never actually specified it wa them, just sort od hinted at it. If they are certified by anyone else I would be wary.

You also mentioned the privacy, collectible, non reportable issues. Those no longer exist in my view. There is little doubt in my mind with revelations about NSA and Diner postings from Palloy, K-Dog, RE and others that privacy is this country no longer exists. If they wished to do so, they could produce a document of your actions for the last 48 hours in my view. A sad commentary of what has happened to our country and what the swill have done to us, so I wouldn't let it influence my decision much on these two choices.     

Illustrations below of two numismatic coins with the same grade to illustrate a point made in posting.

                                                   


                                                   

Illustrated merely to show the difference in gold coins as to looks, color, toning, scratches or marks.  While graded the same they are all very different to a numismatic coin collector


     














 

Offline Eddie

  • Administrator
  • Master Chef
  • *****
  • Posts: 12481
    • View Profile
Re: Numismatic Art - Famous Coins Known For Historic Artistic Appeal
« Reply #5 on: November 22, 2015, 06:13:56 PM »
Thanks very much for the thoughtful reply.
What makes the desert beautiful is that somewhere it hides a well.

Offline Golden Oxen

  • Golden Oxen
  • Moderator
  • Master Chef
  • *****
  • Posts: 10842
    • View Profile
Re: Numismatic Art - Copper Coinage Gallery
« Reply #6 on: October 03, 2017, 05:56:50 AM »
The unique base metal with a monetary history for coins of small purchasing power.

                                       

                                       
                                       


                                       


                                   


                                   


                                       


                                       


                                         


                                       


                                         

 

Related Topics

  Subject / Started by Replies Last post
3 Replies
660 Views
Last post April 25, 2013, 10:27:06 AM
by Petty Tyrant
0 Replies
249 Views
Last post November 30, 2016, 04:31:58 PM
by Palloy
5 Replies
268 Views
Last post December 22, 2016, 10:03:48 AM
by luciddreams