United States Sesquicentennial coinage

Last updated

Sesquicentennial half dollar
Value50 cents (0.50 US dollars)
Mass12.50 g
Diameter30.6 mm
Thickness1.8 mm
Edge reeded
Composition
  • 90 % silver
  • 10 % copper
Silver0.36169  troy oz
Years of minting1926
Mint marksNone. All pieces struck at Philadelphia Mint without mint mark.
Obverse
1926 50C Sesquicentennial.jpg
Design Jugate heads of George Washington and Calvin Coolidge
DesignerModeled by John R. Sinnock from designs by John Frederick Lewis
Design date1926
Reverse
1926 50C Sesquicentennial.jpg
DesignThe Liberty Bell
DesignerModeled by John R. Sinnock from designs by John Frederick Lewis
Design date1926
Sesquicentennial quarter eagle ($2.50)
United States
Value2.5 United States dollars
Mass4.18 g
Diameter18 mm
Edgereeded
Composition.900 gold, .100 copper
Gold.12094  troy oz
Years of minting1926
Mint marksNone. All pieces struck at Philadelphia Mint without mint mark.
Obverse
1926 $2 1-2 Sesquicentennial.jpg
Design Liberty, bearing a scroll representing the United States Declaration of Independence and a torch
Designer John R. Sinnock
Design date1926
Reverse
1926 $2 1-2 Sesquicentennial.jpg
DesignIndependence Hall, with a rising Sun behind it
DesignerJohn R. Sinnock
Design date1926

The United States Sesquicentennial coin issue consisted of a commemorative half dollar and quarter eagle (gold $2.50 piece) struck in 1926 at the Philadelphia Mint for the 150th anniversary of American independence. The obverse of the half dollar features portraits of the first president, George Washington, and the president in 1926, Calvin Coolidge, making it the only American coin to depict a president in his lifetime. [lower-alpha 1]

Contents

By the March 1925 Act of Congress, by which the National Sesquicentennial Exhibition Commission was chartered, Congress also allowed it to purchase 1,000,000 specially designed half dollars and 200,000 quarter eagles, which could be sold to the public at a premium. The Commission had trouble agreeing on a design with Mint Chief Engraver John R. Sinnock, and asked Philadelphia attorney, arts patron and numismatist John Frederick Lewis (1860–1932) to submit sketches. [1] These were adapted by Sinnock, without giving credit to Lewis, whose involvement would not be generally known for forty years.

Both the quarter eagle, designed by Sinnock, and the half dollar were struck in the maximum number authorized, but many were returned to the Mint for melting when they failed to sell. The Liberty Bell reverse for the half dollar was later reused by Sinnock, again without giving Lewis credit, on the Chief Engraver's Franklin half dollar, which was first minted in 1948.

Inception

Legislation for a commemorative coin to mark the 150th anniversary of American independence was introduced on behalf of the United States National Sesquicentennial Exhibition Commission, which was charged with organizing what became known as the Sesquicentennial Exposition in Philadelphia. In the Act of March 3, 1925, Congress both chartered the Commission and allowed one million half dollars and 200,000 quarter eagles to be struck in commemoration of the Sesquicentennial of American Independence. These coins would be sold only to the Commission, at face value; it could then retail them to the public at a premium. [2] Profits would go to financing the Exposition. [3]

The original version of the bill, introduced in the House of Representatives on February 16, 1925 by Pennsylvania Congressman George P. Darrow and in the Senate by that state's George W. Pepper, called for a $1.50 gold coin for the 150th anniversary, for commemorative half dollars, and for a $1 bill honoring the Declaration of Independence. [4] [5] A hearing was held before the House Committee on Industrial Arts and Expositions two days later, at which Congressman Darrow predicted that the $1.50 gold pieces would not be opposed by either the Treasury or the Committee on Coinage, Weights, and Measures, [6] but he was incorrect; Treasury Secretary Andrew W. Mellon would not support them. [7] The Commission also hoped to have commemoratives depicting the enlargement of the country through acquisitions such as the Louisiana Purchase and the Annexation of Texas, but these were not included in the final version of the bill. [8] Nevertheless, the Commission continued to pursue congressional approval of the $1.50 piece and the other proposed commemoratives at least through August 1925. [9]

In May, H. P. Caemmerer, secretary of the Commission of Fine Arts, a body charged with making recommendations on the approval of coinage design, wrote to the Sesquicentennial Commission, asking what they proposed to do about the coins. Having received no reply, he wrote again in late August, this time to Milton Medary, a member of the Fine Arts Commission, asking what progress had been made. Medary replied that the Sesquicentennial Commission was in touch with the new Chief Engraver at the Philadelphia Mint, John R. Sinnock (his predecessor, George T. Morgan, had died in January), but that Sinnock had not yet submitted satisfactory designs. [10]

Apparently dissatisfied with Sinnock's work, the Sesquicentennial Commission hired John Frederick Lewis to create designs. [10] Lewis, who served as president of the Pennsylvania Academy of Fine Arts from 1906 until his death in 1932, [11] was known as a numismatist, but not as an artist. [12] [13] On December 8, 1925, Sesquicentennial Commission director Asher C. Baker submitted Lewis's sketches, which appear much like the present half dollar, to Fine Arts Commission chairman Charles Moore. Baker referred to Lewis's "designs for the coins", which may mean that he submitted sketches for the quarter eagle as well, but if so, they are not extant and were not acted upon by the Fine Arts Commission. [14] The half dollar designs were approved by the Fine Arts Commission, on condition the sketches were converted into models by a competent sculptor, and Moore sent them on December 11 to Mint Director Robert J. Grant. The resultant plaster models, made by Sinnock, were submitted to the Fine Arts Commission on March 13, 1926, and were undoubtedly endorsed, but the approval letter is lost. [14]

Sinnock's sketches for the quarter eagle were sent to the Fine Arts Commission on February 27, 1926, and were forwarded to sculptor member Lorado Taft for his views. Moore sent his commission's approval to Grant on March 26, with several recommendations, including that the motto E Pluribus Unum , present on the obverse in Sinnock's sketches, and the sun's rays on the reverse, be omitted. The rays were not removed, and the motto was moved to the reverse. Approval of the models followed in April, again with minor suggestions. [15]

Design

The obverse of the half dollar features jugate busts of George Washington, first president of the United States, and Calvin Coolidge, the president in 1926. According to Anthony Swiatek and Walter Breen, "both were mistakes. Washington was not president of the Continental Congress in 1776, and Coolidge's likeness was illegal. By an 1866 Act of Congress, no living person could be portrayed on U.S. coins or currency; but this law had been many times violated and would be again." [16] Although Sinnock had not previously designed a coin showing a president, he had created presidential medals under Chief Engraver Morgan's direction. [17] Other living Americans, including Virginia Senator Carter Glass, have appeared on commemorative coinage, but Coolidge is the only president to appear on a U.S. coin in his lifetime. The Liberty Bell appears on the reverse, making the Sesquicentennial half dollar the first U.S. coin to bear private advertising—that is, the legend "Pass and Stow" on the bell, for the long-defunct partnership of John Pass and John Stow, who recast the bell after it initially broke in 1752. [18] [19] Sinnock's initials JRS are on the obverse, on the truncation of Washington's bust. [20]

1976-S 50C Clad Deep Cameo.jpg
The Bicentennial half dollar resembles the earlier quarter eagle.

Swiatek and Breen describe the obverse of the quarter eagle as "very Art Deco". [16] Liberty appears on it, wearing a liberty cap and holding both a scroll representing the United States Declaration of Independence and a torch likely intended to recall the Statue of Liberty. The reverse depicts Independence Hall, where the Declaration was signed, and the rising Sun behind it. Sinnock's initials are to the right, above the right wing of the building. [21] Bowers pointed out that the depiction of Independence Hall closely resembles that on the Bicentennial half dollar, struck a half century later. [22] As no clock hands are seen on the bell tower of the building on the quarter eagle, it is not possible to say what time is intended—on the Bicentennial half dollar, the time is 3:00. [23]

At the insistence of the Sesquicentennial Commission, the coins were minted in very shallow relief, and thus struck up poorly. [12] Coin dealer and numismatic author Q. David Bowers opined, "from the standpoint of aesthetic appeal the [half dollar] is at the bottom of the popularity charts along with the 1923-S Monroe half dollar". [24]

Art historian Cornelius Vermeule took a more positive view of the two coins. Commenting on the half dollar obverse, he praised its technical aspects, showing the Mint had learned something from earlier attempts at coin redesign. He admired the reverse, calling the bell and the lettering "jewels of precision". [25] For the quarter eagle obverse, with its figure of a robed Liberty standing on a globe, Vermeule suggested that Sinnock "revert[ed] in part to the allegorical iconography of the nineteenth century." [25] He felt that the Liberty allegory is too blatant, with scroll and torch, and noted that Sinnock eventually found a more proper place for his torch on the Roosevelt dime (1946). [26] The figure itself, despite classical robes, "looks more like a 'flapper' of the 1920s. Her cloth cap accentuates this," according to Vermeule. [26] The reverse, in Vermeule's view, was part of a tradition of realistic views of structures on U.S coins that would repeat itself with the Jefferson nickel (1938). [27]

Distribution and aftermath

1950-D 50C (Full Bell Lines) (rev).jpg
Dime Reverse 13.png
Sinnock's later Franklin half dollar reproduces the Liberty Bell from the commemorative half; his Roosevelt dime evokes the torch from the quarter eagle.

The first Sesquicentennial half dollar was coined by Philadelphia Mayor W. Freeland Kendrick at a special ceremony at that city's mint on May 19, 1926. It was presented to President Coolidge when he visited the Exposition [28] and today rests in the Calvin Coolidge Presidential Library and Museum. [13] Lewis, in a May 5 letter to Mint Director Grant, had indicated his (mistaken) understanding that a mark was placed on the first 1,000 coins struck to distinguish them and proposed that it be "K" for Kendrick; this was not done. [13]

The Philadelphia Mint coined 1,000,528 of the half dollars at the behest of the Commission in May and June 1926, with the excess over the authorized mintage reserved for inspection and testing at the 1927 meeting of the United States Assay Commission. [29] They also had the mint strike 200,226 quarter eagles in May and June, with the excess also set aside for the Assay Commission. The gold piece was the second quarter eagle to be a commemorative, after the Panama–Pacific issue of 1915. No further gold commemoratives, of any denomination, would be issued by the Mint Bureau until 1984, when a $10 piece was issued for the Los Angeles Olympics. [30]

The Sesquicentennial Exposition opened in Philadelphia on June 1, 1926, financed in part by $5 million in bonds floated by the city. Work had not been completed on many of the exhibits and construction continued to the close of the fair. Nevertheless, there were many scientific, artistic, and commercial displays. Most firms that exhibited lost money by their participation, as did the city, and according to Bowers, "in the annals of fairs and expositions in the United States, the Sesquicentennial event earns a low rating." [12]

Sales of coins at the Exposition were handled by the Commission; those by mail were dealt with by the Franklin Trust Company. The half dollar was priced at $1, and the quarter eagle at $4; however they did not sell well and the Commission's belief it could sell the entire mintage proved wildly optimistic. Although six million people visited the Exposition, 859,408 of the 1,000,000 half dollars were returned to the mint for melting. Similarly, 154,207 quarter eagles of the mintage of 200,000 were returned for melting. [28] This did not take place all at once: 420,000 half dollars had been returned by January 1930, with the rest later. [31] According to coin dealer B. Max Mehl in his 1937 volume on commemoratives, "Philadelphia with a population of over 2,000,000 people ... could and should have sold a greater number of coins". [32] Arlie R. Slabaugh wrote in his 1975 book on the same subject, "we have been called complacent about our independence and the American way of life in recent years—judging by the sale of these coins, it must have been much worse in 1926!" [33]

Sinnock reused the reverse for the Franklin half dollar, first struck in 1948, the year after his death. Mint and other publications gave credit for both coins' designs only to Sinnock until Don Taxay published his An Illustrated History of U.S. Commemorative Coinage in 1967, disclosing Lewis's involvement. [12] Taxay referred to "the Mint's ... final, deliberate misattribution of the artist who designed the half dollar" [10] and wrote, "perhaps after these forty years, it is time for a new credit line". [34] Bowers noted, "Lewis and Sinnock should share the credit." [12] R. S. Yeoman's A Guide Book of United States Coins (2015 edition) notes the involvement of both men, and values the half dollar at $90, with the quarter eagle beginning at around $450, though higher-graded coins may sell for more. [35] Many specimens of both coins are known in circulated condition. [13]

Notes

  1. While Coolidge may have been the only living president on an American coin, he was not the only living person. Thomas Kilby appeared on the Alabama Centennial half dollar in 1921, and in 1936, Joseph Taylor Robinson appeared on the Arkansas-Robinson half dollar and Carter Glass appeared on the Lynchburg Sesquicentennial half dollar.

References and bibliography

  1. Brief biographical entry for John Frederick Lewis at pcgs.com (excerpted from Q. David Bowers, 1992. Commemorative Coins of the United States: A Complete Encyclopedia)
  2. Flynn, pp. 350–351.
  3. Flynn, p. 223.
  4. "H. J. Res. 357". United States House of Representatives. February 16, 1925.(subscription required)
  5. "S. J. Res. 187". United States Senate. February 16, 1925.(subscription required)
  6. "Hearings of the Committee on Industrial Arts and Expositions on H. J. Res. 357". United States House of Representatives. February 18, 1925. pp. 9–10.(subscription required)
  7. Slabaugh, p. 76.
  8. Bowers, pp. 225–226.
  9. Taxay, pp. 111–112.
  10. 1 2 3 Taxay, p. 111.
  11. Goodyear, Frank H. Jr. "A History of the Pennsylvania Academy of the Fine Arts, 1805-1976 (Resource Library, July 16, 2008)
  12. 1 2 3 4 5 Bowers, p. 226.
  13. 1 2 3 4 Flynn, p. 169.
  14. 1 2 Taxay, p. 112.
  15. Taxay, pp. 112, 117.
  16. 1 2 Swiatek & Breen, p. 221.
  17. Vermeule, p. 171.
  18. Swiatek, pp. 186–187.
  19. Flynn, p. 168.
  20. Swiatek, p. 186.
  21. Swiatek & Breen, pp. 221–222.
  22. Bowers, p. 643.
  23. Swiatek, p. 192.
  24. Bowers, p. 227.
  25. 1 2 Vermeule, p. 172.
  26. 1 2 Vermeule, p. 173.
  27. Vermeule, pp. 172–173.
  28. 1 2 Swiatek, p. 187.
  29. Bowers, pp. 226, 228.
  30. Bowers, pp. 644–645.
  31. Bowers, p. 227 n.1.
  32. Mehl, p. 21.
  33. Slabaugh, p. 73.
  34. Taxay, p. 117.
  35. Yeoman 2014, pp. 294–295.

Books

Listen to this article (15 minutes)
Sound-icon.svg
This audio file was created from a revision of this article dated 17 June 2016 (2016-06-17), and does not reflect subsequent edits.

Related Research Articles

<span class="mw-page-title-main">Alabama Centennial half dollar</span> US commemorative coin

The Alabama Centennial half dollar, or Alabama half dollar, was a commemorative fifty-cent coin struck by the United States Bureau of the Mint in 1921 as a belated acknowledgement of the 100th anniversary of Alabama's admission to the Union in 1819. The coin was created by Laura Gardin Fraser, the first woman credited with designing a coin.

<span class="mw-page-title-main">Elgin, Illinois, Centennial half dollar</span> 1936 commemorative U.S. coin

The Elgin, Illinois, Centennial half dollar was a fifty-cent commemorative coin issued by the United States Bureau of the Mint in 1936, part of the wave of commemoratives authorized by Congress and struck that year. Intended to commemorate the centennial of the founding of Elgin, the piece was designed by local sculptor Trygve Rovelstad. The obverse depicts an idealized head of a pioneer man. The reverse shows a grouping of pioneers, and is based upon a sculptural group that Rovelstad hoped to build as a memorial to those who settled Illinois, but which was not erected in his lifetime.

<span class="mw-page-title-main">Louisiana Purchase Exposition gold dollar</span> United States commemorative coin

The Louisiana Purchase Exposition gold dollar is a commemorative coin issue dated 1903. Struck in two varieties, the coins were designed by United States Bureau of the Mint Chief Engraver Charles E. Barber. The pieces were issued to commemorate the Louisiana Purchase Exposition held in 1904 in St. Louis; one variety depicted former president Thomas Jefferson, and the other, the recently assassinated president William McKinley. Although not the first American commemorative coins, they were the first in gold.

<span class="mw-page-title-main">Cleveland Centennial half dollar</span> 1936 US commemorative 50-cent coin

The Cleveland Centennial half dollar is a commemorative United States half dollar struck at the Philadelphia Mint in 1936 and 1937, though all bear the earlier date. Sometimes known as the Cleveland Centennial Great Lakes Exposition half dollar, it was issued to mark the 100th anniversary of Cleveland, Ohio, as an incorporated city, and in commemoration of the Great Lakes Exposition, held in Cleveland in 1936.

<span class="mw-page-title-main">California Diamond Jubilee half dollar</span> United States commemorative silver fifty-cent piece

The California Diamond Jubilee half dollar was a United States commemorative silver fifty-cent piece struck at the San Francisco Mint in 1925. It was issued to celebrate the 75th anniversary of California statehood.

<span class="mw-page-title-main">Cincinnati Musical Center half dollar</span> US commemorative 50-cent piece

The Cincinnati Musical Center half dollar or Cincinnati Music Center half dollar is a commemorative 50-cent piece struck by the United States Bureau of the Mint in 1936. Produced with the stated purpose of commemorating the fiftieth anniversary of Cincinnati, Ohio, as a center of music, it was conceived by Thomas G. Melish, a coin enthusiast who controlled the group which was allowed to buy the entire issue from the government, and who resold the pieces at high prices.

<span class="mw-page-title-main">Panama–Pacific commemorative coins</span> Series of five commemorative coins of the United States

The five Panama–Pacific commemorative coins were produced in connection with the 1915 Panama–Pacific International Exposition in San Francisco. Struck at that city's mint, the issue included round and octagonal $50 pieces. Excepting modern bullion coins, these two gold pieces are the highest denomination ever issued and the largest coins ever struck by the United States Mint. The octagonal $50 piece is the only U.S. coin to be issued that is not round.

<span class="mw-page-title-main">Hawaii Sesquicentennial half dollar</span> 1928 United States coin

The Hawaii Sesquicentennial half dollar was struck in 1928 by the United States Bureau of the Mint in honor of the 150th anniversary of Captain James Cook's landing in Hawaii, the first European to reach there. The coin depicts Captain Cook on the obverse and a Hawaiian chieftain on the reverse. Only 10,000 were struck for the public, making the coin rare and valuable.

<span class="mw-page-title-main">Lexington–Concord Sesquicentennial half dollar</span> 1925 US commemorative coin

The Lexington–Concord Sesquicentennial half dollar, sometimes the Lexington–Concord half dollar or Patriot half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1925 in honor of the 150th anniversary of the Battles of Lexington and Concord, which began the American Revolutionary War. It was designed by Chester Beach and features Daniel Chester French's 1874 The Minute Man statue on the obverse.

<span class="mw-page-title-main">Missouri Centennial half dollar</span> US commemorative fifty-cent piece (1921)

The Missouri Centennial half dollar is a commemorative fifty-cent piece struck by the United States Mint in 1921. It was designed by Robert Ingersoll Aitken. The US state of Missouri wanted a commemorative coin to mark its centennial that year. Legislation for such a coin passed through Congress without opposition and was signed by President Warren G. Harding on his inauguration day, March 4, 1921. The federal Commission of Fine Arts hired Aitken to design the coin, which depicted Daniel Boone on both sides. The reverse design, showing Boone with a Native American, has been interpreted as symbolizing the displacement of the Indians by white settlers.

<span class="mw-page-title-main">Fort Vancouver Centennial half dollar</span> U.S. bank commemorative fifty-cent piece

The Fort Vancouver Centennial half dollar, sometimes called the Fort Vancouver half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1925. The coin was designed by Laura Gardin Fraser. Its obverse depicts John McLoughlin, who was in charge of Fort Vancouver from its construction in 1825 until 1846. From there, he effectively ruled the Oregon Country on behalf of the Hudson's Bay Company. The reverse shows an armed frontiersman standing in front of the fort.

<span class="mw-page-title-main">Vermont Sesquicentennial half dollar</span> 1927 American commemorative fifty-cent piece

The Vermont Sesquicentennial half dollar, sometimes called the Bennington–Vermont half dollar or the Battle of Bennington Sesquicentennial half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1927. The coin was designed by Charles Keck, and on its obverse depicts early Vermont leader Ira Allen, brother of Ethan Allen.

<span class="mw-page-title-main">Maryland Tercentenary half dollar</span> US commemorative fifty-cent piece (1934)

The Maryland Tercentenary half dollar was a commemorative fifty-cent piece issued by the United States Bureau of the Mint in 1934. It depicts Cecil Calvert, 2nd Baron Baltimore on the obverse and the Coat of Arms of Maryland on the reverse.

<span class="mw-page-title-main">Connecticut Tercentenary half dollar</span> US commemorative 50-cent coin

The Connecticut Tercentenary half dollar, sometimes called the Connecticut half dollar, is a commemorative 50-cent piece struck by the United States Bureau of the Mint in 1935. The coin was designed by Henry Kreis and commemorates the 300th anniversary of the founding of Connecticut. Its obverse depicts the Charter Oak, where according to legend Connecticut's charter was hidden to save it from being confiscated by the English governor-general. An eagle appears on the coin's reverse side.

<span class="mw-page-title-main">Hudson Sesquicentennial half dollar</span> 1935 commemorative U.S. coin

The Hudson, New York, Sesquicentennial half dollar, sometimes called the Hudson Sesquicentennial half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1935. The coin was designed by Chester Beach. Its obverse depicts the Half Moon, flagship of Henry Hudson, after whom the city of Hudson, New York is named. In addition to showing the ship, the coin displays a version of the Hudson city seal, with Neptune riding a whale, a design that has drawn commentary over the years.

<span class="mw-page-title-main">California Pacific International Exposition half dollar</span> United States commemorative fifty-cent piece

The California Pacific International Exposition half dollar, sometimes called the California Pacific half dollar or the San Diego half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1935 and 1936. Robert Ingersoll Aitken designed the coin. Its obverse depicts Minerva and other elements of the Seal of California; the reverse shows buildings from the California Pacific International Exposition, which the coin was issued to honor.

<span class="mw-page-title-main">Lynchburg Sesquicentennial half dollar</span> US coin worth 50 cents

The Lynchburg Sesquicentennial half dollar was a commemorative half dollar designed by Charles Keck and struck by the United States Bureau of the Mint in 1936, to celebrate the 150th anniversary of the 1786 incorporation of the independent city of Lynchburg, Virginia. The obverse of the coin depicts former Secretary of the Treasury and U.S. Senator Carter Glass, a native of Lynchburg. The reverse depicts a statue of the Goddess of Liberty, with Lynchburg sites behind her, including the Old Courthouse and the city's Confederate monument.

<span class="mw-page-title-main">Columbia, South Carolina, Sesquicentennial half dollar</span> United States commemorative coin

The Columbia, South Carolina, Sesquicentennial half dollar was a commemorative fifty-cent piece struck by the United States Bureau of the Mint. Designed by Abraham Wolfe Davidson and minted in 1936, it marks the 150th anniversary of the designation of Columbia as South Carolina's state capital.

<span class="mw-page-title-main">Illinois Centennial half dollar</span> American commemorative coin

The Illinois Centennial half dollar is a commemorative 50-cent piece struck by the United States Bureau of the Mint in 1918. The obverse, depicting Abraham Lincoln, was designed by Chief Engraver George T. Morgan; the reverse, based on the Seal of Illinois, was by his assistant and successor, John R. Sinnock. Morgan's obverse is based on the statue by Andrew O'Connor.

<span class="mw-page-title-main">Grant Memorial coinage</span> US 1922 gold dollar and silver half dollar

The Grant Memorial coinage are a gold dollar and silver half dollar struck by the United States Bureau of the Mint in 1922 in honor of the 100th anniversary of the birth of Ulysses S. Grant, a leading Union general during the American Civil War and later the 18th president of the United States. The two coins, identical in design and sculpted by Laura Gardin Fraser, portrayed Grant on the obverse and his birthplace in Ohio on the reverse.