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2000 Sacagawea Dollar – Washington Quarter Mule
The 2000 Sacagawea dollar – Washington quarter mule is an error coin featuring the obverse of a Washington quarter (specifically a 50 State quarter) and the reverse of a Sacagawea dollar struck on a gold-colored dollar coin planchet. It is one of the first known authentic mule coins to be released into circulation by the United States Mint. History Mule coins were deliberately produced by US Mint employees for sale to coin collectors Coin collecting is the collecting of coins or other forms of minted legal tender. Coins of interest to collectors often include those that were in circulation for only a brief time, coins with mint errors, and especially beautiful or historic ... in the mid-1800s. However, no authentic (accidental) mules of United States currency were known to exist. This changed in the 1990s, when a Lincoln cent (dated 1993-D) with the reverse of a Roosevelt dime were discovered. In 2000, Frank Wallis of Arkansas discovered a Sacagawea dollar with ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Dollar Coin (United States)
The dollar coin is a United States coin with a face value of one United States dollar. Dollar coins have been minted in the United States in gold, silver, and base metal versions. Dollar coins were first minted in the United States in 1794. While true gold dollars are no longer minted, the Sacagawea, Presidential, and American Innovation dollars are sometimes referred to as golden dollars because of their color. As with several other denominations of U.S. coinage, golden dollars are similar in diameter and color to their Canadian counterpart (known as the "loonie," which predates the Sacagawea dollar by thirteen years). However, unlike the 11-sided Canadian dollar coins, U.S. "golden dollar" coins are round. Dollar coins have never been popular in circulation since inception. Despite efforts by the government to promote their use to save the cost of printing one-dollar bills, such as the Presidential $1 Coin Program, most Americans currently use the bill. For this reason, sinc ...
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Currencies Introduced In 2000
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ...
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Toning (coin)
Toning on a coin is the change of colour brought about through oxidization, which forms a thin layer of tarnish on the metal's surface. Coin toning can vary in aesthetics, and thus can alternately add or detract from a coin's value. Coins with unusual toning colours or patterns tend to be valued by coin collectors. Toning is most common on silver coins, but can be found on coins minted from other metals and alloys, including gold, copper and cupronickel. Types of toning Different colors and patterns of toning can have varying effects on a coin's grade and value. For example, brown spotty toning could decrease a coin's value, while colorful rainbow toning could increase it. Similarly, toning can raise or lower a coin's grade by several points, as grading is based on factors including eye appeal and not just wear. Depending on the environment in which the toning took place, toned coins can come in many different colors and color combinations. Toning patterns may cover an entire co ...
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Numismatic Guaranty Corporation
Numismatic Guaranty Company (NGC) is an international third-party coin grading and certification service based in Sarasota, Florida. It has certified more than 50 million coins. NGC certification consists of authentication, grading, attribution, and encapsulation in clear plastic holders. NGC is a subsidiary of Certified Collectibles Group (CCG), which owns six collectible certification services and is in turn owned by Blackstone, a multibillion dollar New York City hedge fund. History NGC was founded in 1987 in Parsippany, N.J. as one of the first independent third-party coin grading companies. In 1995, NGC was named the official grading service of the ANA, though this is purely for marketing purposes as the ANA does not encapsulate coins in its collection, and those that are encapsulated are a mix of donated coins by different services including rivals such as PCGS. NGC commenced operations at its new location in Sarasota, Florida in 2002. That same year, NGC was named the ...
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Professional Coin Grading Service
Professional Coin Grading Service (PCGS) is an American third-party coin grading, authentication, attribution, and encapsulation service founded in 1985. The intent of its seven founding dealers, including the firm's former president David Hall, was to standardize grading.Laibstain, Harry. ''Investing, collecting & trading in certified commemoratives: an in-depth analysis of gold & silver issues 1892-1954''. DLRC Press, 1995, p. 1-134. The firm has divisions in Europe and Asia, and is owned by parent company Collectors Universe. PCGS has graded over 42.5 million coins, medals, and tokens valued at over $36 billion. History PCGS was founded in 1985 by seven dealers, including the firm's former president, David Hall. The founders' intent was to establish definitive grading standards, backed by a guarantee of grading accuracy. PCGS began operations on February 3, 1986. The firm has since started grading foreign coins and established divisions in Europe and Asia, and was purchased by ...
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Lincoln Cent
The Lincoln cent (sometimes called the Lincoln penny) is a one-cent coin that has been struck by the United States Mint since 1909. The obverse or heads side was designed by Victor David Brenner, as was the original reverse, depicting two stalks of wheat (thus "wheat pennies", struck 1909–1958). The coin has seen several reverse, or tails, designs and now bears one by Lyndall Bass depicting a Union shield. All coins struck by the United States government with a value of of a dollar are called cents because the United States has always minted coins using decimals. The penny nickname is a carryover from the coins struck in England, which went to decimals for coins in 1971. In 1905, sculptor Augustus Saint-Gaudens was hired by the Mint to redesign the cent and the four gold coins, which did not require congressional approval. Two of Saint-Gaudens's proposed designs for the cent were eventually adapted for the gold pieces, but Saint-Gaudens died in before submitting additional des ...
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Coin Collecting
Coin collecting is the collecting of coins or other forms of minted legal tender. Coins of interest to collectors often include those that were in circulation for only a brief time, coins with mint errors, and especially beautiful or historically significant pieces. Coin collecting can be differentiated from numismatics, in that the latter is the systematic study of currency as a whole, though the two disciplines are closely interlinked. A coin's grade is a main determinant of its value. Commercial organizations offer grading services and will grade, authenticate, attribute, and encapsulate most coins. History People have hoarded coins for their bullion value for as long as coins have been minted. However, the collection of coins for their artistic value was a later development. Evidence from the archaeological and historical record of Ancient Rome and medieval Mesopotamia indicates that coins were collected and catalogued by scholars and state treasuries. It also seems pr ...
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United States Mint
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; that responsibility belongs to the Bureau of Engraving and Printing. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point. History The Massachusetts Bay Colony established a mint in Boston in 1652. John Hull was Treasurer and mintmaster; Hull's partner at the "Hull Mint" was Robert Sanderson. The historical marker reads: The first authorization for the establishment of a mint in the United States was in a resolution of the Congress of the Confederation of February 21, 1782, and the first general-circulation coin of the United States ...
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Mule (coin)
In numismatics, a mule is a coin or medal minted with obverse and reverse designs not normally seen on the same piece. These can be intentional or produced by error. This type of error is highly sought after by collectors, and examples can fetch high prices. The earliest mules are found among ancient Greek and Roman coins. Opinion is divided between those who think that they are accidental, the result of an incorrect combination of a new die with one that had officially been withdrawn from use, or the work of coiners working with dies stolen from an official mint, perhaps at a time when one of them should have been destroyed. The name derives from the mule, the hybrid offspring of a horse and a donkey, due to such a coin having two sides intended for different coins, much as a mule has parents of two different species. Prominent examples In March 2014 the Royal Mint confirmed a pair of mule 2014 bullion coins struck in 999 fine silver: approximately 38,000 £2 Lunar Horse co ...
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