Archive for the 'Currency' Category

PORTRAIT CHANGE ANNOUNCED TODAY


Harriet Tubman (born Araminta Ross)  (1822 – March 10, 1913)

Treasury Secretary Jack Lew (below) announced plans today for Harriet Tubman
to replace U.S. President Andrew Jackson as the portrait on the front side of the
twenty-dollar bill. The exact design will be announced in 2020.


Tubman, was a Christian African-American, born into slavery who became a humanitarian, abolitionist and one of the leaders’ of the Underground Railroad
during the American Civil War as a Union spy. she became an icon of American 
courage and freedom.


Jacob Joseph "Jack" Lew.


A current $20 bill with the seventh U.S. President (1829–37), Andrew
Jackson
who has been featured on the bill since 1928.

posted by Bob Karm in Activist,Civil war,Currency,CURRENT EVENTS,Government,HISTORY,President,Slavery and have No Comments

COIN AUTHORIZED ON THIS DAY IN 1875

  1876-20centcoin    187620centcoinr                                                                          
The American twenty-cent piece

The father of the twenty-cent piece was Nevada Senator
John P. Jones and part-owner of the Crown Point Mine. He
introduced a bill to authorize a twenty- cent piece, one of his
first legislative endeavors. His proposal cited the lack of small 
change in the West. It was endorsed by the Director of the mint
Linderman and other legislators went along with it, largely as a
favor to Sen. Jones. The bill was signed into law by President
Ulysses S. Grant on March 3, 1875. The coin was only used
for 3 years. 

John_P_Jones_Senator
John Percival Jones
(January 27, 1829 – November 12, 1912)

 


posted by Bob Karm in ANNIVERSARY,Currency,DEBUT,Fincncial,Government,HISTORY,Money and have No Comments

RARE NICKEL HAS SOLD FOR MILLIONS!

rare nickel

SCHAUMBERG, Ill. (AP) – A rare century-old U.S. nickel that was once mistakenly declared a fake has sold at auction for more than $3.1 million.

The 1913 Liberty Head nickel is one of only five known to exist. But it’s the coin’s
back story that adds to its cachet: It was surreptitiously and illegally cast, discovered
in a car wreck that killed its owner, declared a fake, forgotten in a closet for
decades then declared the real deal.

It was offered for sale by four Virginia siblings at a rare coin and currency auction in
the Chicago suburb of Schaumburg on Thursday, and sold for well over the expected 
$2.5 million.

The winning bidders were two men from Lexington, Ky., and Panama City, Fla., who 
bought the coin in partnership.

posted by Bob Karm in Auction,Collectibles,Currency,CURRENT EVENTS,Fincncial,HISTORY,New release and have No Comments

ONLY FIVE KNOWN TO EXIST TODAY!

 one fo five nickles

RICHMOND, Va. (AP) – A humble 5-cent coin with a storied past is headed to auction and bidding expected to top $2 million a century after it was mysteriously minted.

The 1913 Liberty Head nickel is one of only five known to exist, but it’s the coin’s
back story that adds to its cachet: It was surreptitiously and illegally cast, discovered
in a car wreck that killed its owner, declared a fake, forgotten in a closet for decades
and then found to be the real deal.

It all adds up to an expected sale of $2.5 million or more when it goes on the auction block this spring in suburban Chicago.

"Basically a coin with a story and a rarity will trump everything else," said Douglas
Mudd, curator of the American Numismatic Association Money Museum in Colorado Springs, Colo., which has held the coin for most of the past 10 years. He expects it
could fetch more than Heritage Auction’s estimate, perhaps $4 million and even up
to $5 million.

"A lot of this is ego," he said of collectors who could bid for it. "I have one of these
and nobody else does."

The sellers who will split the money equally are four Virginia siblings who never let
the coin slip from their hands, even when it was deemed a fake.

The nickel made its debut in a most unusual way. It was struck at the Philadelphia
mint in late 1912, the final year of its issue, but with the year 1913 cast on its face,
the same year the beloved Buffalo Head nickel was introduced.

posted by Bob Karm in Currency,CURRENT EVENTS,HISTORY,Memorabillia,New release and have No Comments

THE FIRST SECRETARY OF THE TREASURY

Hamilton

alexander_hamilton

Alexander Hamilton
(January 11, 1755 or 1757 – July 12, 1804)

Alexander Hamilton was a Founding Father and the first Secretary of 
the Treasury of the United States in the administration of President 
George Washington. He was also one of America’s first constitutional
lawyers and the founder of the American Federalist party..

posted by Bob Karm in ANNIVERSARY,BIRTHDAY,Currency,DEBUT,Government,HISTORY,POLITICAL and have No Comments