Coin History - Aid To Finding & Building Coin Collections With Metal Detectors

March 1781, The Articles of Confederation gaveOther silver denominations that have been struck
Congress the right to determine the value andinclude the 3-cent piece or "trime" as it was
the alloy to be used in any coin struck in America.known, the dime, the 20-cent piece, the quarter
This gave the states the right to coin money, anddollar, half dollar and one dollar coins.
New Hampshire was the first to take action butWhy would our nation produce a 3-cent Silver
few of the coins made it into circulation. Severalcoin? Postage stamps cost 3-cents for many
states, such as New Jersey, Vermont,years and convenience was important to the
Connecticut, Massachusetts and New York beganpublic. That is probably the reason that a 3-cent
coining copper coins. In 1793 the US Federal Mintnickel was produced too (the convenience issue is
opened for business producing half-cents andwhy many coins have short-lived production). I
cents because they were desperately needed forhave used coin history in finding both 3-cent coins
everyday commerce in the young but growingbut the numbers are small because mintages
new nation. These early colonial and US Federalwere low and the silver coins only minted
Mint coins have been found by metal detectorbetween 1851-1873 and the nickel version from
users by extensive research and also by luck. The1865-1889. I have found enough of the nickel
low mintage level meant fewer coins were losttype (a larger coin) to have filled more than half
and the likelihood of finding them with a metalof the spots in the coin folder. Grade levels for
detector greatly reduced.most of these coins are lower than average as
Many half-cents and large cents minted fromnickel coins do not do well in the ground.
1800 to 1857, when the era of their mintingThe 20-cent coin is the toughest silver issue to
ended, have been located by detectorists, withfind in the ground. Only the flying-eagle cent had a
the majority of them being found in the easternshorter life. Production of this type was only four
sector of the US. My personal oldest is an 1812years with coins issued for circulation 1n 1875 and
Large Cent found at a spring in Palm Harbor, FL.1876. This is the only type coin that I have not
This spring was known to be a watering spot forlocated with a metal detector. Finding one is my
wagon trains going through Florida in the midbiggest challenge because production in 1875
1800's and had become a favorite swimming andincluded 1,155,000 coins from the San Francisco
partying spot for teens in recent years. It wasMint, 133,290 from the Carson City Mint and only
research that urged me to check it out and that39,700 from Philadelphia. To make it tougher, the
1812 cent was my reward. It was also the onlydemand was so low for the coin that the mint
non-modern coin I found as many others haddirector Linderman ordered Carson City to melt all
hunted this spot before I did in the early 70's.that it had on hand after producing only 10,000
As a young man in my early twenties, I learned afor circulation in 1876. 12,359 coins were melted
history lesson that has impacted my metaldown leaving very few of the 1876 coins
detector use for nearly 40 years. If you want toescaping into circulation and only 15,900 were
find a specific type or dated coin, i.e. Standingproduced in Philly and none in Franny for that
Liberty Quarters 1916-1930, you need to researchyear. This is an issue that very few metal
and find settlement or building activity informationdetectorist have found, but I will keep trying!
corresponding to that time frame. The 1916 SLThe most sought after and most collected silver
Quarter is extremely rare. To find one that has acoin is the Morgan Dollar. Minted from 1878 to
date on it is extraordinary as only 52,000 were1921 many millions were minted and large
released into circulation in 1916 and the dates onnumbers of them, singularly and in caches, have
all issues from 1916 to 1924 wore off quickly bybeen found with metal detectors. There were
handling. Research county or city building records,none minted between 1905 and 1920 and 1893 -
read early histories of your community and yes, if1895 mintages were low but applying the same
possible, talk to elderly people who were raisedtype of building activity analysis can lead to some
there. To find a quality rare 1916 Quarter, thegood detector finds. An upper class neighborhood
areas checked should have had building activityarea where many of the homes were built in the
between 1916 and early 1920's. Looking in these1880 to 1900 time-frame has yielded several
areas will increase your chances of finding rarerMorgan Dollars for me. A very valuable 1882 S in
tougher dates. I have found one with just a traceAU condition with doubling on both sides is the
of the date and it was found on a researchedbest, but choice 1885 O and 1896 coins are also
school building site. This site also yielded a 1916 Snice additions to my collection.
Barber Quarter in VF, 1916 P & S MercuryI have applied the research principle of coin
Dimes in AU condition and a high grade 1916history to building time with all 20th century coin
Buffalo Nickel.types. Whether it is houses, schools, commercial
Silver coinage has great appeal to coin collectorsbuildings or industrial structures, I have found
and has a history worth investigating. The 1792numerous valuable coins with this technique. A
half-disme or half-dime is rumored to have beenhome built in 1909 turned in a 1908 S Indian Cent
made from George Washington's own silverware.and a 1909 S Lincoln. A two story house built in
This was the year before the US Mint actually1890 and used as a high school turned up nearly
opened and the half-dime was struck by the US40 V Nickels including a 1885 and a 1912 D (plus
Mint from 1794-1873. It may seem strange to usnumerous turn of the century Indian cents). A
today that our first 5 cent coin was not a nickel,commercial parking lot from an early 1900's
but a silver half-dime as nickel production did nottanning business yielded a 1904 O and 1904 S
begin until 1866. These beautiful small denominationBarber Halves with the New Orleans mint coin in
silver coins of several varieties are also tough toXF and valued at $240. A school yard where the
find because of age and size. Research again is1917 building was destroyed in 1964 yielded over
essential in finding many of these. I have found240 pre 1940 coins when the entire lot was
six dating from 1841-1857 ranging from AGleveled over a three month frame in 1978. Over
(about good) to fine condition. Five of the six50 of those coins were Buffalo Nickels with 30 of
were found in researched sites and the lowerthem in the teen years. This is the same site
condition coins probably reflect the fact that 1860mentioned above that turned up my rare 1916 SL
is the earliest settlement date for this communityquarter and as an unexpected bonus, the oldest
and only 2,000 people lived here in 1900. By 1900of my metal detecting coin finds, an AD 69 Israel
very few of the half-dime coins were in generalhalf-shekel.
circulation.