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Discovering the World of Money Collecting: An Overview of U.S. Coins and Currency

Embark on a journey into the fascinating realm of coin and paper money collection with a focus on U.S. currency. Explore the history, types, and intricacies of coins and banknotes, from colonial issues to modern denominations. Learn about valuable collectibles, vocabulary, and club resources. Start your own collection today!

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Discovering the World of Money Collecting: An Overview of U.S. Coins and Currency

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  1. Money Collecting By Michael McNeil

  2. Introduction • I hope you may appreciate the study of coins, paper money, tokens and medals. • Things to be learned today: • The different U.S. coins • Paper money • Local clubs • Anyone can get started. All you need is an interest in coins and a box to put them in.

  3. Agenda • Coins • Paper Money • Local Coin Clubs

  4. Overview • Money is every where. • Today I will talk mainly about US currency.

  5. Vocabulary • What is a money? • The most common medium of exchange; functions as legal tender. • What is a coin? - A metal piece (usually a disc) used as money. • What is paper money? • Paper notes with standardized characteristics issued as money.

  6. U.S. Coins - Pre-Federal issue • Colonial Issues • This coinage, the first struck for the English colonies in America, was issued about 1616. Coins similar to this were struck until about 1780 for Dutch Markets. • Post-Colonial Issues dates between 1783-1796.

  7. U.S. Coins - Federal Issues • Continental Currency (1776-1792) • Half Cents (1793-1857) • Large Cents (1793-1857) • Small Cents (1857) • Flying eagle (1856-1858) • Indian Head (1859-1909) • Lincoln, wheat ears reverse (1909-1958) • Lincoln, Memorial reverse (1959 to current)

  8. U.S. Coins • Two-Cent Piece (1864-1873) • Three-Cent Piece • Silver Three-Cent Piece (1851-1873) • Nickel Three-Cent Piece (1865-1889)

  9. U.S. Coins Nickel Five-Cent Piece Shield (1866-1883) Liberty Head (1883-1912) Indian Head or Buffalo (1913-1938) Jefferson (1938 to current) Wartime Silver Alloy (1942-1945) Prewar Composition (1946-1967) Peace Medal (2004) Keelboat (2004) American Bison (2005) Ocean In View (2005) Westward Journey (2006)

  10. U.S. Coins Half Dime (1794-1873) Dime Draped Bust (1796-1807) Capped Bust (1809-1837) Liberty Seated (1837-1891) Barber or Liberty Head (1892-1916) Winged Liberty Head or “Mercury” (1916-1945) Roosevelt (1946 to current) Twenty-Cent Piece (1875-1878)

  11. U.S. Coins • Quarter alias “two bits” • Draped Bust (1796-1807) • Heraldic Eagle Reverse (1804-1807) • Capped Bust (1815-1838) • Liberty Seated (1838-1891) • Barber or Liberty Head (1892-1916) • Standing Liberty (1916-1930) • Washington (1932 to current) • Silver (1932-1964) • Clad (1965-1998) • State Quarter (1999-2008)

  12. U.S. Coins • Half Dollar • Flowing Hair (1794-1795) • Draped Bust (1796-1797) • Heraldic Eagle Reverse (1801-1807) • Capped Head Bust Lettered Edge (1807-1839) • Liberty Seated (1839-1891) • Barber or Liberty Head (1892-1915) • Liberty Walking (1916-1947) • Franklin (1948-1963) • Kennedy (1964 to current)

  13. U.S. Coins • Dollar • Flowing Hair (1794-1795) • Silver Draped Bust (1795-1804) • Gobrecht Dollars (1836-1839) • Liberty Seated (1840-1873) • Trade Dollars (1873-1885) • Morgan (1878-1921) • Peace (1921-1935) • Eisenhower (1971-1978) • Susan B. Anthony (1979-1999) • Sacagawea (2000-2006) • George Washington (2007)

  14. U.S. Currency • Large size • Small size • Fractional

  15. Portraits • $1 - George Washington • $2 – Thomas Jefferson • $5 – Abraham Lincoln • $10 – Alexander Hamilton • $20 – Andrew Jackson • $50 – Ulysses S. Grant • $100 – Benjamin Franklin • $500 –William McKinley • $1,000 Grover Cleveland • $5,000 James Madison • $10,000 Salmon P. Chase • $100,000 Woodrow Wilson

  16. Currency – What to look for? • Star or Replacement notes • Block Letter A-A, A-B,A-C, and so on. • Collection by the numbers • Solid numbers 22222222 • Low numbers 00000001 being the ultimate • Radar number 12344321 • Ladder number 12345678 • Poker hands 33445566

  17. Local Clubs • Anderson - Madison County Coin Clubhttp://madisonccc.tripod.com/index.htm • Muncie Coin and Stamp Club • Marion Coin Club • Greencastle Coin Club • Jasper Coin Club • Bloomington Coin Club

  18. Summary • Many different U.S. coins. • Next time you get change take a moment and search for a treasure. • I invite you to come to a coin club or find a coin club near you.

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