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DWLange

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Posts posted by DWLange

  1. Minor coins had very limited legal tender value and tended to accumulate in the hands of  businesses. Banks did not want large numbers in deposits and could refuse them above their legal tender limit. The solution was a law passed in 1871 that allowed for their redemption in paper money by the Treasury when presented in quantities of not less than, I believe, $25. The T then cleaned and reissued them in lieu of new coins, which accounts for the plunge in mintages of small coins starting that year.

  2. This confirms what has been published in most U. S. Mint histories. The absence of chopmarks likely results from the lower silver content of standard dollars versus trade dollars. This was the purpose of creating a U. S. trade dollar in the first place---to be more competitive with the Mexican "dollars" in the Asia trade. Most of the standard dollars sent to the Far East were probably melted, the recovered silver being sold to India, where it was preferred over equivalent values in gold.

  3. The photos that tj96 posted are of the Type B used for proofs and a minority of 1964 Philadelphia currency strikes versus the Type A of normal 1964(P) and 1964-D currency strikes. The differences are easily seen, but they do little to assist in distinguishing the Type C 1964-D quarters struck with a clad hub reverse.

    On the link provided, you should compare the Type A reverse of truly normal 1964-D quarters against the Type C. For these two the diagnostic points cited above are nearly indistinguishable. The most reliable way to distinguish a Type C strike is by its crisp E PLURIBUS UNUM and it very sharply defined wing feathers. The overall lower relief will jump out at you, too, once you've seen a few examples of the Type C.