Numismatic News

Numismatic Facts and Fables

All collectors, at some time or other, have read stories about coins that everyone believes to be true and therefore must be correct. Whenever the words “well-known” appear, it is occasionally necessary to think that this just might not be the case. And sometimes it is not.

One of the earliest rumors that does not seem to die is the often-heard remark that engraver John Reich put his “fat mistress” on the coinage with the design changes of 1807-1808. Although this is possible, it should be noted that this is not contemporary information, but rather the grumblings of a Mint officer a half century later. As this particular officer was often wrong, there is a good chance he was here also.

It is true that Reich redesigned the coinage in 1807 and 1808, but this was done at the express direction of Mint Director Robert Patterson, who disliked the designs then in use. Considering that it was Patterson’s personal project, and that Philadelphia was a relatively small town, it is very difficult to believe that Reich’s mistress, assuming that he had one, would have appeared on the coinage.

In those days, the bridge between the classes was sometimes a deep one, and Reich would have been on shaky grounds to have used a model of this type. It is far more likely

You’re reading a preview, subscribe to read more.

More from Numismatic News

Numismatic News4 min read
Copper, Copper Everywhere
For the longest time, the three metals from which coins have been made are copper, silver and gold. We’ll admit that there have been some others, such as zinc, tin and aluminum, but will also comment that these are relatively new additions to the mix
Numismatic News1 min read
Numismatic News
www.numismaticnews.net VP/GENERAL MANAGER, COLLECTIBLES: Corinne Zielke EDITORIAL DIRECTOR: Maggie Pahl EDITOR: Sophia Mattimiro CONTRIBUTING WRITERS: Richard Giedroyc, Ken Potter, R.W. Julian, Clifford Mishler, Mark Benvenuto, F. Michael
Numismatic News2 min read
Coin and Stamp Hobbies Diverge
Bill Gross, founder of investment management company PIMCO and well-known bond investor, was preparing to sell his stamp collection for an estimated $15 million to $20 m`illion at the time this commentary was being written. He was recently quoted by

Related Books & Audiobooks