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DWLange

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Posts posted by DWLange

  1. Eliasberg worked through several dealers, after acquiring the Clapp Estate through Stack's in 1942. These dealers knew that he lacked most of the coins after the Clapps ceased collecting around 1913, and he would buy complete sets of Mercury Dimes, Walking Liberty Halves, etc. While all of the later coins were uncirculated, they were not selected with the discriminating eye of the Clapps, so the quality is often mediocre on these later issues (weak strikes, worn dies, etc.).

  2. Eliasberg acquired the greater part of this collection in his single purchase of the Clapp Estate in 1942. A few additional coins were added one or two at a time, but most of what he didn't have from the Clapps (post-1913 issues) were purchased for him by dealers who sold him complete sets of those issues in block purchases. Eliasberg was not a great numismatist, just a wealthy and well connected one.

  3. At the urging of Senator Mike Mansfield (D-MT) Congress authorized the coining of silver dollars in 1965. These were dated 1964-D, and all were melted after 300,000+ had been coined. It was a desperate effort to perpetuate silver coinage in the face of impossible market conditions and resulted in a provision being added to the Coinage Act of 1965 that specifically prohibited the coining of silver dollars for a period of five years. His influence was such that Congress compromised with silver-clad half dollars.  These provisions weren't repealed until passage of the Banking Act of 1970, which authorized copper-nickel-clad half dollars, as well as both versions of the Ike Dollar.