NumisMaster Logo
Home
Register
Sign In
Free Newsletter

Collector Info
In Print
Site Map

Dollars Held Until the 23rd Century
May 11, 2009



The new Star Trek movie hit theaters over the weekend. Capt. James Tiberius Kirk saves earth in the 23rd century.

What wasn't in the plot but could have been was his Iowa hometown's celebration of their new hero.

Among the events held there, U.S. Mint Director Edmund C. Moy VIII officially released some of the three billion Presidential dollars that had been in storage for over 200 years.

Moy, a direct descendant of the Mint director who oversaw production of some of the coins, took another leaf from his ancestor's playbook and spent some of the coins for lunch. They are still legal tender and the audience found the whole exercise fascinating because coins hadn't been used on earth for over 100 years.

The Mint still exists as a small cultural office that oversees a museum in Philadelphia and is custodian of the Presidential dollars and other coins that were considered important enough to be retained in long-term storage.

The Numismatic Guaranty Coin Grading Service was on hand to grade the newly released coins. Trading among collectors of odd and curious money, which these coins have become, indicates that dollar coins in the top grade of MS-1,000, bring high prices.

President of the American Numismatic Association, Patti Mishler Horton-Finner, was supposed to be on hand, but could not be. Lawyers detained her with depositions in the pending lawsuit against ANA for changing the grading system from 700 points to 1,000.

Moy noted in his remarks that the coins were an important legacy of earth to the United Federation of Planets. He himself was pleased that this large backlog of coins still existed, despite the fact that official Mint policy in the 21st century, had it successfully introduced the Presidential dollar coins to everyday use, would have prevented their accumulation.

He added that perhaps in an alternative time line, Americans would have found Presidential dollars convenient to use and clamored for more of them. Stay tuned for the next movie.



Add to: del.icio.us   digg
With this blog: Email to friend   Print



Something to add? Notice an error? Comment on this blog.
  


About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

Search this Blog
Email Updates
Email me a message when a new post is added!
RSS Feed
More Links
Numismatic News
 



About Us | Contact Us | Privacy | Your data is secure
©2014 F+W Publications, Inc., Iola, Wisconsin. All rights reserved.