The|Coinologist.

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Posts Tagged ‘made in usa

Money Museum Receives 1792 Half Disme from California Coin Dealer

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Historically significant coin valued at more than $220,000

COLORADO SPRINGS, CO. — The Edward C. Rochette Money Museum collection now contains a 1792 Half Disme, thanks to the generosity of a California coin dealer.

The early American coin, valued at more than $220,000, was donated by Steven L. Contursi, president of Rare Coin Wholesalers of Irvine, Calif.

“This coin will be a fantastic, historically significant addition to the museum’s collection. I can’t thank Steve enough for his generosity,” American Numismatic Association President Tom Hallenbeck said.

About 1,500 half disme silver coins were struck in the basement of a Philadelphia saw-maker’s shop in July 1792 because the U.S. Mint was not yet operational. The coins were the first authorized by President Washington under the Mint Act of 1792. Thomas Jefferson, who was Secretary of State at the time, personally received the coins on Washington’s behalf.

A half disme is slightly smaller than a modern dime and weighs half as much. Disme – pronounced “deem” – is an early spelling of the word, dime.  Modern researchers estimate that about 275, in various states of condition, survive today.

“This donation was very touching. We haven’t received a donation of this caliber in many years,” Museum Director Tiffanie Bueschel said.

Contursi made headlines in December when he sold the unique 1787 EB on Breast Brasher Doubloon, which subsequently was acquired for $7.4 million by a Wall Street hedge fund. He also sold the 1794 Flowing Hair Silver Dollar, believed by some to be the first U.S. silver dollar ever minted, for $7.8 million in a private sale in May 2010. The silver dollar was on display at the Money Museum for several years.

“I have a background of handling the sales of some of the earliest U.S. coins, so donating this historically significant coin made sense,” Contursi said. “This donation is my way of giving back to the ANA for the wonderful things that they do for collectors.”

The coin’s condition was assessed recently by Numismatic Guaranty Company chairman Mark Salzberg. “I’ve seen several dozen different examples during my career – this coin is far nicer than most. It’s well struck and problem-free with just the lightest touch of circulation wear and rich patina,” Salzberg said.

The public will get a chance to see the coin on display at the spring ANA National Money Show, May 10-12 in Denver. Find out more at www.nationalmoneyshow.com.

Image/Copy: ANA

Safe Find | BROWN SAFE

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Little did I know there was a rise, fall, then a rise again of manufacturers of quality safes in the United States.  I have done many posts on the quality safes that were made here in the nineteenth and twentieth century.  Names like Victor, Cary, and Herring-Hall-Marvin were made in the U.S.A., and built to last.  Then came the import assault.  An influx of highly affordable and very poorly built safes imported primarily from China.  This rapidly put most American safe builders out of business.  But the strong survive, and the Brown Safe Company was just that.  Founded in 1980 it has grown into the premier safe and vault company providing worldwide security solutions.  These safes and vault doors are first class!

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Written by Robert L. Wilson

July 21, 2011 at 7:21 am

Stillwater Mining Company

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Made in the USA, or in this case Mined in the USA, should still be dear to any American’s heart.  Stillwater Mining Company, which is listed on the NYSE (SWC), is the only U.S. producer of palladium and platinum and the only significant source of platinum group metals outside of South Africa and Russia. Before Gold started its uphill climb, a few years back we were watching the platinum roller coaster ride.  The large daily swings we see in gold today, were common-place in platinum then.  Then there is palladium, which has certainly had a run of its own.  Stillwater’s mining operations are located in southern Montana along the Company controlled 28-mile long J-M Reef, the world’s highest-grade deposit of platinum group metals.

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Written by Robert L. Wilson

January 11, 2011 at 8:08 am

ACL DAY

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I just wanted to wish the folks at ACL a Happy 3rd Birthday!  As I have stated before this blog is the Gold Standard of Americana.  Their shop, with all things being  “Made in the USA,” is full of great products!   Take a look and pick something up.  Thanks for everything ACL!

Written by Robert L. Wilson

December 26, 2010 at 9:59 am

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