Classic Commemorative Coins Merge History, Design

By Connor Falk – Daniel Frank Sedwick, LLC ……
 

The classic commemorative silver half dollar series represents a merger of historical events and people with appealing coin designs. Issued between 1892 and 1954, classic commemorative halves were struck and sold to the growing coin collecting community in the United States. The use of coinage to represent important American events, places, people, and events broadened the appeal of coin collecting. Their designs reflect the classical themes in use during the late 1800s and early 1900s, the art deco era of the 1920s and ’30s, and the post-World War II sensibilities of the late ’40s and early ’50s.

Due to their low mintages and wide collector market, the series has appreciated substantially from the $1 to $2 the coins were originally sold for. In this article, I’ll highlight three important classic commemorative coins as well as an overview of the other commemoratives in our November 2-3 auction.

150th Anniversary of Captain Cook’s Discovery of Hawaii – 1928

Commemorating the sesquicentennial of Captain James Cook’s arrival at the Hawaiian islands on a commemorative half dollar was initially raised in 1927 by the territorial government of Hawaii. The bill easily passed Congress and was signed on March 7, 1928 by President Coolidge. The Philadelphia Mint struck the complete mintage of the type at 10,008 coins. Eight of those struck were used for assay purposes; the other 10,000 were sold by the Bank of Hawaii at $2 a coin. The commemorative proved to be very popular with collectors and quickly sold out. Since then, its low mintage, scarcity, and popularity both in subject matter and design have driven demand and it is now considered a key date in the classic commemorative half dollar series.

The obverse of the coin depicts a left-facing bust of Captain Cook with the legends UNITED STATES OF AMERICA, IN GOD WE TRUST, and HALF DOLLAR just above, to the right, and below the bust, respectively. To the left of the bust, it reads “CAPT. / JAMES COOK / DISCOVERER OF / HAWAII.” The reverse shows a Hawaiian chieftain in front of a Hawaiian beach, holding a spear and with his right arm outstretched with the legends E PLURIBUS UNUM and 1778 1928 below.

The example in our sale, lot 1498, is graded NGC MS 63. The estimate on it is $1,250 to $2,000 USD.

400th Anniversary of Álvar Núñez Cabeza de Vaca’s Old Spanish Trail – 1935

The authorization and design of the 1935 Old Spanish Trail half dollar was a personal project of L.W. Hoffecker, an El Paso coin dealer and ANA official (he would later become the organization’s president from 1939 to 1941). In his position as the chairman of the El Paso Museum Coin Committee, he lobbied the government for a bill to commemorate Spanish explorer Álvar Núñez Cabeza de Vaca’s expedition from Florida to northern Mexico (1528-36). Once the bill had passed, Hoffecker worked with sculptor Edmund J. Senn to create the coin design in plaster based on Hoffecker’s original sketches.

The design takes some artistic liberties with Cabeza de Vaca’s travels: stops in St. Augustine, Jacksonville, Tallahassee, Mobile, New Orleans, Galveston, and San Antonio are shown despite Cabeza de Vaca traveling mainly by boat around the Gulf coast. Upon approval of the designs, the US Mint struck the 10,008 coin mintage in September. Hoffecker received 10,000 of the coins to resale for $2 plus postage; another eight were used for the Assay Commission’s annual meeting. By most accounts, the coins were well-received by collectors and, though they took time to sell out, are rather scarce and desirable.

The obverse of the coin shows a cow head, symbolizing Cabeza de Vaca which literally translates as “head of a cow.” Above, the legends read UNITED STATES OF AMERICA, E PLURIBUS UNUM, and LIBERTY, below the legends, read ALVAR NUÑEZ CABEZA DE VACA and HALF DOLLAR. The reverse design consists of a palmetto tree in front of a map depicting Florida, Alabama, Mississippi, Louisiana, and Texas with a line showing Hoffecker’s interpretation of Cabeza de Vaca’s journey. El Paso is marked at the far left. Legends read OLD SPANISH TRAIL above and 1535 – 1935 below.

The example in our sale, lot 1504, is graded NGC MS 65. The estimate on it is $800 to $1,200.

100th Anniversary of Missouri’s Admission to the Union – 1921

The authorization for the Missouri Centennial half dollar called for a massive mintage of 250,000 coins, a reduction from the 500,000 called for in a prior draft of the bill. Such a mintage would easily make it one of the most common classic commemoratives, yet only 50,028 coins were struck. Of this, 28 were set aside for the Assay Commission. The 50,000 mintage was then sent to the Sedalia Trust Company for mail orders as well as sales at the Missouri Centennial Exposition at a price tag of $1.

Of these 50,000 coins, 5,000 were initially struck with a special notation 2*4 to the left of the bust before having this device ground off the dies. For the 45,000 without the 2*4 notation, 29,600 coins were melted after sales proved sluggish. The final numbers, 5,000 coins with 2*4, 15,400 without 2*4, are suspect as modern market prices suggest the availability for both versions is about the same with a slightly higher premium for the 2*4 versions. Many numismatic experts suggest a roughly even 10,000/10,400 split is more likely.

The obverse shows a left-facing bust of Daniel Boone wearing a coonskin cap with the legend UNITED STATES OF AMERICA above, 1821 and 1921 flanking, and HALF DOLLAR below. The notation 2*4 is present to the left of the bust, just above the 1821. The reverse shows a frontiersman holding a rifle and gesturing to the left, directing the attention of a Native American who is holding a peace pipe. A field of stars is set along the background with SEDALIA below and MISSOURI CENTENNIAL above.

The example with 2*4 notation in our sale, lot 1490, is graded NGC MS 64. The estimate on it is $800 to $1,200.

Other Classic Commemoratives in our auction

• Lot 1486 – USA (San Francisco mint), half dollar, 1915-S, Panama-Pacific, NGC MS 64. Estimate: $400 to $600.
• Lot 1487 – USA (Philadelphia mint), half dollar, 1918, Lincoln-Illinois, NGC MS 63. Estimate: $100 to $150.
• Lot 1488 – USA (Philadelphia mint), half dollar, 1920, Maine, NGC MS 65. Estimate: $200 to $300.
• Lot 1489 – USA (Philadelphia mint), half dollar, 1921, Alabama, 2×2, NGC UNC details / obv improperly cleaned. Estimate: $150 to $225.
• Lot 1491 – USA (Philadelphia mint), half dollar, 1922, Grant, no star, NGC MS 64. Estimate: $125 to $200.
• Lot 1492 – USA (Philadelphia mint), half dollar, 1924, Huguenot, NGC MS 65. Estimate: $125 to $200.
• Lot 1493 – USA (Philadelphia mint), half dollar, 1925, Fort Vancouver, NGC MS 63. Estimate: $250 to $375.
• Lot 1494 – USA (Philadelphia mint), half dollar, 1925, Lexington-Concord, struck through error, NGC MS 62. Estimate: $80 to $120.
• Lot 1495 – USA (Philadelphia mint), half dollar, 1925, Stone Mountain, NGC MS 64. Estimate: $80 to $120.
• Lot 1496 – USA (San Francisco mint), half dollar, 1925-S, California, NGC MS 64. Estimate: $150 to $225.
• Lot 1497 – USA (Philadelphia mint), half dollar, 1927, Vermont, NGC MS 64. Estimate: $150 to $225.
• Lot 1499 – USA (Philadelphia mint), half dollar, 1934, Maryland, PCGS MS64. Estimate: $100 to $150.
• Lot 1500 – USA (Philadelphia mint), half dollar, 1934, Texas, NGC MS 66. Estimate: $150 to $225.
• Lot 1501 – USA (Philadelphia mint), half dollar, 1935/34, Boone, NGC MS 64. Estimate: $80 to $120.
• Lot 1502 – USA (Philadelphia mint), half dollar, 1935, Connecticut, NGC MS 64. Estimate: $150 to $225.
• Lot 1503 – USA (Philadelphia mint), half dollar, 1935, Hudson, NGC UNC details / improperly cleaned. Estimate: $400 to $600.
• Lot 1505 – USA (San Francisco mint), half dollar, 1935-S, San Diego, NGC MS 65. Estimate: $80 to $120.
• Lot 1506 – USA (Denver mint), half dollar, 1936-D, Columbia, NGC MS 67. Estimate: $300 to $450.
• Lot 1507 – USA (Philadelphia mint), half dollar, 1936, Albany, NGC MS 64. Estimate: $125 to $200.
• Lot 1508 – USA (Philadelphia mint), half dollar, 1936, Bridgeport, NGC MS 63. Estimate: $80 to $120.
• Lot 1509 – USA (Philadelphia mint), half dollar, 1936, Cleveland-Great Lakes, NGC MS 65. Estimate: $80 to $120.
• Lot 1510 – USA (Philadelphia mint), half dollar, 1936, Delaware, NGC MS 64. Estimate: $150 to $225.
• Lot 1511 – USA (Philadelphia mint), half dollar, 1936, Elgin, NGC MS 65. Estimate: $100 to $150.
• Lot 1512 – USA (Philadelphia mint), half dollar, 1936, Gettysburg, NGC MS 64. Estimate: $400 to $600.
• Lot 1513: USA (Philadelphia mint), half dollar, 1936, Lynchburg, NGC MS 64. Estimate: $125 to $200.
• Lot 1514: USA (Philadelphia mint), half dollar, 1936, Norfolk, NGC MS 66. Estimate: $200 to $300.
• Lot 1515: USA (Philadelphia mint), half dollar, 1936, Rhode Island, NGC MS 65. Estimate: $80 to $120.
• Lot 1516: USA (Philadelphia mint), half dollar, 1936, Robinson-Arkansas, NGC MS 63. Estimate: $80 to $120.
• Lot 1517: USA (Philadelphia mint), half dollar, 1936, Wisconsin, PCGS MS64. Estimate: $125 to $200.
• Lot 1518: USA (Philadelphia mint), half dollar, 1936, York, NGC MS 65. Estimate: $100 to $150.
• Lot 1519: USA (San Francisco mint), half dollar, 1936-S, Bay Bridge, NGC MS 64. Estimate: $100 to $150.
• Lot 1520: USA (San Francisco mint), half dollar, 1936-S, Cincinnati, NGC MS 64. Estimate: $250 to $375.
• Lot 1521: USA (Denver mint), half dollar, 1937-D, Oregon Trail, NGC UNC details / improperly cleaned. Estimate: $100 to $150.
• Lot 1522: USA (Philadelphia mint), half dollar, 1937, Antietam, NGC MS 64. Estimate: $400 to $600.
• Lot 1523: USA (Philadelphia mint), half dollar, 1937, Roanoke, NGC MS 64. Estimate: $100 to $150.
• Lot 1524: USA (Philadelphia mint), half dollar, 1938, New Rochelle, NGC MS 66. Estimate: $250 to $375.
• Lot 1525: USA (Philadelphia mint), half dollar, 1946, Iowa, NGC MS 67. Estimate: $125 to $200.
• Lot 2263: USA (San Francisco mint), half dollar, 1923-S, Monroe, NGC MS 63. Estimate: $70 to $100.
• Lot 2264: USA (Philadelphia mint), half dollar, 1926, American Sesquicentennial, NGC MS 62. Estimate: $60 to $90.
• Lot 2265: USA (Philadelphia mint), half dollar, 1935, Arkansas, NGC MS 64. Estimate: $70 to $100.
• Lot 2266: USA (Philadelphia mint), half dollar, 1936, Long Island, NGC MS 64. Estimate: $60 to $90.
• Lot 2267: Lot of four USA (Philadelphia mint), half dollar commemoratives in NGC slabs: 1893, Columbian, UNC details / cleaned; 1920, Pilgrim, UNC details / cleaned; 1951, Booker T. Washington, MS 65; 1952, Washington-Carver, MS 64. Estimate: $100 to $150.

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About the Author

Connor Falk is a full-time numismatist specializing in United States and Mexican coins and paper money, having joined Daniel Frank Sedwick, LLC in 2016. He manages consignments, research, and cataloging in addition to assisting with bidder/client relations, advertising, and catalog production. Previously, Falk worked in numismatic journalism writing for Numismatic News on U.S. coin topics and contributing to trade publications. Connor today focuses predominately on U.S. and Mexican coins and paper money. Beyond numismatics, he also enjoys reading, running, scuba diving and rooting for his hometown football team, the Green Bay Packers. Falk is a member of the American Numismatic Association (ANA), the International Association of Professional Numismatists (IAPN), the Central States Numismatic Society (Life Member), the U.S.-Mexican Numismatic Association (Life Member), the Chicago Coin Club and the Nicolet Coin Club and holds a B.A. in English from University of Wisconsin – Stevens Point (2014).

Connor can be reached at [email protected]