• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Archived

This topic is now archived and is closed to further replies.

I finally found "The Money We Want" Morgan Dollar political item!!

11 posts in this topic

Moneywewant.jpg

 

I have been trying to buy this 1896 pro William Jennings Bryan political piece for about three years. I had seen it in a few auctions, but every time it was offered people bid it up to unrealistic levels, like more than $300. The piece is scarce, and it is much scarcer than the gold dollar piece that supporters of William McKinley issued. Still it is not worth several hundred dollars IMO. Finally I located this one at the recent American Political Items Collectors' convention that was held in Columbus, Ohio. It is a neat coin related political item, and here its gold dollar counterpart.

 

GolddollarMcKinley.jpg

 

For those who are not familiar with the "free silver" issue which dominated the 1896 presidential election campaign, Donkey Party candidate, William Jennings Bryan, ran on the concept that silver should be monetized and coined into (mostly) silver dollars on an unlimited basis assuming that 16 parts of silver were equal in value to one part of gold. At the time there was a glut of silver on the market because large quantities of the metal were being mined in the western states. In reality the price ratio between the two metals was more like 32 to 1.

 

Cutting though the political smog, the issue was that debtors were looking to inflate the monetary system so that they could pay back their loans with cheaper dollars. Beyond that there were justified fears that a massive increase in the money supply from the free coinage of silver would result in massive inflation that would wreck the American monetary system. Bryan ran a great campaign, but he was out spent probably by a ratio of 10 to one of more. Today most any economist who is worth his salt would say that Bryan's policies would have been disastrous for The United States economy.

 

Link to comment
Share on other sites

cool, what happened to the Donkey party, did it change its name?

 

If you use the proper name for the Donkey Party on these boards you get this: Democratic Party.

 

WOW! Now I've learned something. That got trough. Lets try this: .

 

Okay, now I know you can name the party, but not the people are loyal to it. (tsk)

 

I think this is first time I've had a conversation with myself here. ;)

Link to comment
Share on other sites

cool, what happened to the Donkey party, did it change its name?

 

If you use the proper name for the Donkey Party on these boards you get this: Democratic Party.

 

WOW! Now I've learned something. That got trough. Lets try this: .

 

Okay, now I know you can name the party, but not the people are loyal to it. (tsk)

 

I think this is first time I've had a conversation with myself here. ;)

 

:signfunny:

Link to comment
Share on other sites

cool, what happened to the Donkey party, did it change its name?

 

If you use the proper name for the Donkey Party on these boards you get this: Democratic Party.

 

WOW! Now I've learned something. That got trough. Lets try this: .

 

Okay, now I know you can name the party, but not the people are loyal to it. (tsk)

 

I think this is first time I've had a conversation with myself here. ;)

 

:signfunny:

 

Okay lets try this on the Elephant Party - Party.

 

Okay, Elephant Party it is! ;)

Link to comment
Share on other sites

Moneywewant.jpg

 

I have been trying to buy this 1896 pro William Jennings Bryan political piece for about three years. I had seen it in a few auctions, but every time it was offered people bid it up to unrealistic levels, like more than $300. The piece is scarce, and it is much scarcer than the gold dollar piece that supporters of William McKinley issued. Still it is not worth several hundred dollars IMO. Finally I located this one at the recent American Political Items Collectors' convention that was held in Columbus, Ohio. It is a neat coin related political item, and here its gold dollar counterpart.

 

GolddollarMcKinley.jpg

 

For those who are not familiar with the "free silver" issue which dominated the 1896 presidential election campaign, Donkey Party candidate, William Jennings Bryan, ran on the concept that silver should be monetized and coined into (mostly) silver dollars on an unlimited basis assuming that 16 parts of silver were equal in value to one part of gold. At the time there was a glut of silver on the market because large quantities of the metal were being mined in the western states. In reality the price ratio between the two metals was more like 32 to 1.

 

Cutting though the political smog, the issue was that debtors were looking to inflate the monetary system so that they could pay back their loans with cheaper dollars. Beyond that there were justified fears that a massive increase in the money supply from the free coinage of silver would result in massive inflation that would wreck the American monetary system. Bryan ran a great campaign, but he was out spent probably by a ratio of 10 to one of more. Today most any economist who is worth his salt would say that Bryan's policies would have been disastrous for The United States economy.

 

I wish I would have known you were looking! I sold a few of these over the years, mostly recently as early as six to nine months ago. I do not get to spend a lot of time on this side of the forum, as I try to divide my time not only between the currency, coin, and comic book forum of the Collector's Society, but also many other collecting forums I belong to.

 

That being said, I admit these are unique political collectibles well worth pursuing.

 

Nice find!

 

'mint'

Link to comment
Share on other sites