I’m reaching out to our clients on what I feel could be the most important situation facing us today. The current Presidential election has been nothing short of historic. Read More
International Precious Metals
We help people invest in precious metals the right way
(June 6, 2016) - International Precious Metals (IPM), a leading provider of rare certified coins and physical precious metals, announced today Read More
International Precious Metals Hosts Exclusive Event with Acclaimed Former Mint Director Edmund C. Moy
International Precious Metals Hosts Exclusive Event with Acclaimed Former Mint Director Edmund C. Moy. Read More
John M. Mercanti signature label coins have proven to be in high demand. John M. Mercanti, the 12th Chief Engraver of the United States Mint, is the most famous U.S. coin engraver of the modern era. Mercanti was incredibly prolific during his 36 year tenure at the US Mint, which lasted from 1974 until his retirement in 2010. Read More
The almighty American Dollar’s current reign as the “World Champion” reserve currency may be coming to a end. The aim is for the chinese yuan to knock out the American Dollar, and has made aggressive moves in precious metals to achieve their goals. With the creation of its Asian Infrastructure Investment Bank (AIIB), they will challenge the U.S. dominance of the world’s financial system. Read More
Edmund C. Moy Signature Labels
Edmund C. Moy is a former U.S. Mint Director, celebrated author, respected economist and sought-after public speaker. Born in Detroit, Michigan, he was raised in Waukesha, Wisconsin. He has been celebrated for his pioneering work at the U.S. mint and has been honored with Edmund C. Moy signature labels . Read More
The North American Origin of Old Native American Coins and Currency
As residents of North America from before the founding of the United States of American, Native Americans have long been honored on United States coins.
Since the 18th century, when the U.S. began striking gold coins for everyday commerce, Native American figures, history and culture have been featured on U.S. currency and these representations and themes remain some of the most popular designs in U.S. history.
History of Native American Coins
The first Native American coin struck - one of the most popular Native American-themed coins to this day - was the Indian Head penny, released into circulation in 1859. The “Indian” featured on the coin is a representation of Lady Liberty wearing a Native American feathered headdress. The penny, designed by James B. Longacre, remained in circulation until 1909 when the Lincoln cent replaced it. Millions of Indian Head pennies were struck and many have survived in decent condition. It is still possible to buy a gently worn, Indian Head penny for less than $5.
In 1913, the Buffalo or Indian Head nickel, designed by James Earle Fraser, entered circulation. The Native American featured on the obverse was a combination features from sketches by Fraser of three Native American men. The buffalo on the revers is actually a bison, modeled after Black Diamond, a bison residing in the New York Central Park Zoo. The last Buffalo nickel was struck in 1938, the year the first Jefferson nickel was released. The popularity of the Buffalo (Indian Head) nickel inspired the U.S. Mint to reinvent the famous Native American coin’s design and place it on an American Buffalo 24-karat gold coin with a $50 face value.
From 1908 to 1929 Indian Head type $2.50 and $5 gold coins were minted and from 1907 through 1933, the $10 Indian Head type coin was struck. The $10 Indian Head features Lady Liberty wearing a Native American war bonnet.
Most Valuable Native American Coins
- One of the most valuable Native American coins is the 1854 O $3 Gold Indian MS-62N selling for $100,654.
- Another valuable piece is the 1909 O $5 Gold Half Eagle MS-60N currently selling for $45,501.
- The 1852 O Type 1 Double Eagle AU-58N sells for $27,732.
- The 1850 O Type 1 Double Eagle AU-53 sells for $26,887.
Modern Native American Coins
In 2000, the United States Mint released the Sacagawea gold dollar, featuring an image of the Shoshone woman carrying her infant son, Jean Baptiste.
In 2007, president George W. Bush signed the Native American $1 Coin Act instructing the U.S. Mint to begin producing coins that celebrate Native Americans’ contributions to American history.
In 2009, the mint released the Native American dollar coin which features a variety of images of Native American people, history and culture. The obverse of all these coins feature Sacagewea with the inscriptions LIBERTY and IN GOD WE TRUST. The reverse features a new design each year honoring important contributions of Indian tribes or individual Native Americans with the inscriptions $1 and UNITED STATES OF AMERICA. The Native American dollar coin series was issued to run concurrently with the remaining years of the Presidential dollar series.
The coins are selected by the Secretary of the Treasury with input from the U.S. Senate Committee on Indian Affairs, the Congressional Native American Caucus of the U.S. House of Representatives, the Commission of Fine Arts and the National Congress of American Indians and public review by the Citizens Coinage Advisory Committee. The golden Native American $1 Coins have a distinctive edge and feature edge-lettering of the year, mint mark and E PLURIBUS UNUM.
The Native American dollar coin program is set to run through at least 2016.
The Citizens Coinage Advisory Committee, CCAC was formed in 2003. It serves as a replacement for the Citizens Commemorative Coin Advisory Committee, which though similar, had a more limited role. The CCAC functions as a representative of the interests of American citizens and coin collectors.
It was established to advise the Secretary of the Treasury on proposed themes or designs for circulating coinage, bullion coinage, Congressional Gold Medals, national and other medals. The CCAC also makes recommendations with regard to the events, people, or places to be commemorated on coins in each of the five calendar years following the year in which a commemorative coin designation is made.
They also make recommendations with respect to the mintage level for any commemorative coin. The Secretary makes the final decision on all coins based on the committee's recommendations.
The committee is comprised of 11 members whose job it is to offer experienced an impartial advice to the Secretary of the Treasury, spends hours determining how money looks and how moments in American history will be perceived by future generations. Of the 11, four members are recommended by House and Senate leadership. Currently, those four are Donald Scarinci, Mike Moran, Thomas J. Uram and Mary Lannin. It is mandated that one person on the committee be an expert in the study or collection of currency, also known as numismatics.
Dr. Michale Bugeja fills that seat. One member - currently Robert Hoge - must be an expert in the curation of numismatics. The committee must also have an expert in medallic art – Heidi Wastweet - and an American historian – Dr. Herman Viola. The remaining three are drawn from the general public. Those currently include Erik Jansen, Gary Marks and Jeanne Stevens-Sollman.
A public meeting of the CCAC is set for 9:30 a.m. until 6:45 p.m. Thursday, March 5 in Room 151 of the Oregon Convention Center at 777 NE Martin Luther King Jr. Blvd in Portland, Oregon. Agenda items include the review and consideration of candidate designs for the 2016 Mark Twain Commemorative Coin Program, the Monuments Men Recognition Act Congressional Gold Medal Program, the Code Talkers Recognition Congressional Gold Medal Program for the Rosebud Tribe, and the Ronald Reagan Presidential $1 Coin.The CCAC will also review and advise on design concepts for the 2017 America the Beautiful Quarters Program Coins, the Nancy Reagan First Spouse Gold Coin and Bronze Medal, and the 2017 Lions Clubs International Century of Service Commemorative Coin Program.
The CCAC will also host a public forum the next day, Friday, March 6, 2015, at 9 a.m. in Room 149 to receive input from collectors and other members of the public. Any member of the public interested in submitting matters for the CCAC’s consideration or addressing the CCAC at the Public Forum is asked to submit them by fax to the following number: 202–756–6525.
For more information write to William Norton, United States Mint Liaison to the CCAC; 801 9th Street
NW., Washington, DC 20220; or call 202–354–7200.