Heritage Auctions announces 'Dollars For Dimes' in
Heritage Auctions has announced the creation of a "Dollars For
Dimes" charitable initiative in 2013 to benefit the mission of The
March of Dimes, one of America's most beloved charities. In it,
Heritage will donate $1 to the Dallas chapter of the organization
for every dime it sells during the calendar year.
"Heritage has a long history of working with various charities,
with the March of Dimes chief among them," said Steve Ivy,
Co-Founder and Co-Chair of Heritage Auctions. "We've made standing
donations to the March of Dimes for several years and wanted make
it more interactive for collectors. They'll know now that their
purchase of a dime from us — any year and any grade — will result
in a donation to a very good cause."
Heritage estimates that the total amount of the 2013 donation,
based on the numbers from 2010-2012, will exceed $10,000.
The March of Dimes Foundation is a United States nonprofit organization that works to improve the
health of mothers and babies. It was founded by President Franklin D. Roosevelt in 1938 to combat polio. The
foundation's annual fundraising event requested that every child
donate a dime. Originally known as the National Foundation for
Infantile Paralysis, the name "March of Dimes" was coined by
comedian Eddie Cantor, playing on the name of a popular newsreel
series of the 1930s, "The March of Time."
View the dimes in the 2013 January 9-14 US Coin FUN Signature
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Lloyd Mincy joins Heritage Auctions as Numismatic
Heritage Auctions has announced that longtime prominent collector,
expert and member of the prestigious U.S. Gold Club, Lloyd Mincy,
has joined its Dallas headquarters as Consignment Director in
"A number of Heritage Auctions' most senior executive and
numismatic staff have worked with Lloyd over the years as he
acquired and sold a number of major rarities from his personal
collection," said Todd Imhof, Executive Vice President of Heritage
Auctions. "He has been a class act and enjoyable to work with on
every single transaction. Further, Lloyd is highly respected by
every high-end dealer he has ever worked with as a collector and
the company is totally confident in his ability to parlay this
reputation into a very long career here at Heritage."
Mincy comes to Heritage from the Financial Planning community,
though his passion for numismatics dates back to his childhood and
the age of 7 when his grandmother let him break open her childhood
"Out scattered Indian cents, Liberty and Buffalo nickels," said
Mincy. "I immediately wanted Whitman albums and started to fill in
As time passed, his collecting was shelved due to his studies in
Marketing at Michigan State University. In 1992, after 5 years with
IBM, he joined Shearson Lehman Brothers, continuing his career
three years later, in 1995, as an independent advisor in 1995 where
his career progressed accordingly. In 2001, he purchased an updated
Red Book and soon realized he could get back into collecting and
started building a high-end collection of key date rarities.
"All my free time was now spent attending auctions and
establishing relationships with dealers and collectors," he said.
"I knew what my passion truly was. The timing of this is perfect
for me and absolutely feels like the right thing to do. Heritage is
doing things to expand the numismatic industry and providing
services to collectors that no one else comes close to these days
and I hope to show other connoisseurs how to best utilize the
company's buying and selling platforms."
"Lloyd's background and experience working with investors in a
financial planning capacity makes him increasingly valuable to the
numismatic community," said Jim Halperin, Co-Chair and Co-Founder
of Heritage Auctions, "as rare coins and currency continue to make
progress as a legitimate asset class."
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Hiring Women to Adjust Planchets and Operate
This article appeared in the Winter 2012 Issue of the
'Journal of Numismatic Research'
the full article here
Contrary to popular belief, women formed a significant part of
the labor force in nineteenth century America. A 1910 Senate report
stated, "The wage labor of women is as old as the country itself
and has merely increased in importance." It also reported that in
1820 ten percent of industrial employees had been female, and this
was nearly one quarter in 1850.
The Civil War gave American women the opportunity to enter paid
employment in government service, industry, and public schools in
significantly greater numbers than previously. The Census Bureau
was quick to recognize this, and the 1870 report for the first time
showed "Females Engaged in Each Occupation." The same Census
demonstrated that women were present in over three-quarters of
occupations. They were found in such unexpected places as iron and
steel works, mines, sawmills, oil wells and refineries, and held
such surprising jobs as ship rigger, teamster, or brass foundry
worker. They made up one-third of factory "operatives" and
two-thirds of teachers. The Bureau separated out data for married,
single, divorced, and widowed women in 1890. The Census data should
lay to rest the belief that nineteenth century married women — at
least those who were white and middleclass — stayed at home
pursuing their "true womanhood" destiny.
Peale's innovation was to turn a significant part of the coining
process over entirely to female employees, and to do this within a
major government bureau. His decision was evidently inspired by a
combination of errors by the male adjusters, and the drive to save
money. Women made less than half what men did in the same job —
until 1887 when equal pay was enforced.
Men were employed to adjust planchets and operate presses until
early 1850 when women were given a trial as adjusters by coiner
Franklin Peale.123 The test period went well and male adjusters
were placed in more physically demanding jobs with women taking
their place. A similar test was conducted in 1852 or early 1853 by
Peale in using women to feed planchets into the presses. This also
was satisfactory and several of the less productive adjusters were
moved to the less convivial press room. In neither instance did
this require any change in operating procedure.
The coining department benefited from the greater dexterity and
speed of women in adjusting planchets, and the lower pay given to
Comments by Mint Director Snowden were published in 1863:
Women are employed to adjust the weight of the blanks of
planchets, preparatory to the coinage — each piece for the gold
coinage being separately weighed and adjusted. So also are the
larger coins of silver, namely the dollar and half dollar. They are
also employed in feeding the coining presses. There are about fifty
women at present employed. This force is amply sufficient for our
present operations, and for any additional amount of work that the
mint may be called on to perform.
The employments in which they are engaged are healthy and
pleasant. Some years ago the women received seventy-five cents a
day in the adjusting room, and eighty-five cent for those employed
in the coining room. Since that time I have increased their per
diem compensation to $1.10 in both departments. They are paid
monthly. Men employed in labor of a similar character secure about
$2.20 per day. A day's work is about ten hours, but ordinarily the
women do not work more than seven or eight hours — sometimes more,
sometimes less, but never beyond ten hours. There are no other
occupations in the mint, than where they are now employed, suitable
for women. I am greatly in favor of employing women, and I have
extended the employment of them as far as is practicable. For
adjusting the wright of coins, and attending or feeding the coining
presses, I consider women as not inferior to men, except that they
cannot endure work for a great a number of hours.
A great many applications are made for situations in the mint.
None but a thoroughly honest person should occupy such a
Light weight blanks, those under the legal margin of error, were
thrown into a reject basket and would eventually be sent back to
the melting and refining department. Blanks that were slightly
underweight and those of standard (legal standard) weight were put
aside on stacking trays. Overweight blanks, which were usually the
majority since the goal was to have slightly heavy strips for the
blanking press, were lightly filed on the edges and individually
weighted to make sure too much gold had not been removed.
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This Week's Top Ten
The ten highest valued Denver Mint coins to sell in Heritage
auctions, one per coin:
1927-D $20 MS67 PCGS. Sold for $1,897,500.
1926-D $20 MS66+ PCGS Secure. CAC. Sold for $402,500.
1911-D $5 MS65+ PCGS. CAC. Sold for $299,000.
1919-D 50C MS66 PCGS. Sold for $270,250.
1918/7-D 5C MS65 PCGS. Sold for $264,500.
1931-D $20 MS66 PCGS. CAC. Sold for $253,000.
1908-D $10 Motto MS68 PCGS. Sold for $230,000.
1909-D $20 MS67 PCGS. Sold for $218,500.
1919-D 10C MS66 Full Bands PCGS. Sold for $218,500.
1925-D $20 MS66 PCGS. Sold for $207,000.
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