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jpak

(41,760 posts)
Tue Aug 1, 2017, 04:01 PM Aug 2017

Is This The Very First U.S. Coin?

http://www.npr.org/sections/thetwo-way/2017/08/01/540907608/is-this-the-very-first-u-s-coin

In 2013, David McCarthy spotted a rare coin in an auction catalog and immediately had a hunch it was the first coin minted by the fledgling United States of America in 1783. Not the first run of coins, mind you, but the very first one.

McCarthy, an experienced numismatist (coin collector) bought the silver coin for $1.18 million.

The Associated Press writes:

"The day of the 2013 auction in Schaumburg, Illinois, McCarthy sat in his hotel room with his files and air conditioning cranked on high. He methodically convinced his boss, Donald Kagin, that the coin up for auction was the nation's first. It was a nuanced case since other dealers claimed it was a forgery. But the initial explanation was that mints tended to add inscriptions to the steel dies used to make coins after having engraved the images."

He spent the next four years digging up evidence to prove that he had indeed purchased the fabled first "500" quint.

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Is This The Very First U.S. Coin? (Original Post) jpak Aug 2017 OP
It's beautiful! Squinch Aug 2017 #1
It even has the Coptic Eye... jpak Aug 2017 #2
And so well sculpted! Squinch Aug 2017 #3
That eye is badass Warren DeMontague Aug 2017 #4
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