Numismatic News

Peg Leg ‘R’ Exists on 1936 Lincoln Cents

- BY RICHARD GIEDROYC

Have there been some 1936 Lincoln cents found that are missing a peg in the “R” in “LIBERTY?”

The Philadelph­ia Mint struck more cents during 1936 than at any time since 1920. The best-known variety is the Doubled Die Obverse, identified by the doubling of the two mottos and the date. A 1936 cent missing the right leg in “R” (dubbed the Peg Leg or Broken R) has been discussed on CoinTalk. com, with there being questions raised about if this might be related to a lamination error or to the doubled die variety. I am unaware of any example that has been submitted to a third-party certificat­ion service for examinatio­n.

When was the first magazine for coin collectors published?

Germany rather than the United States was the birthplace of magazines for coin collectors. The best known of these early publicatio­ns is likely Köhlers Münzbelust­igungen published by Johann David Köhler between 1729 and 1750 in Nürnberg. Köhler was a prominent historian with a special emphasis on ancient Rome.

What was the first coin publicatio­n in the United States?

This is open to debate. Secretary of State Thomas Jefferson sent a report to the House of Representa­tives in 1790 addressing Jefferson’s objections to U.S. coins being minted overseas. U.S. Mint reports were first published in 1792. The first auction catalog was likely a printed broadside for the June 12, 1828, sale of the Benjamin H. Watkins collection. In 1858, John Hickox published An Historical Account of American Coinage. This was followed by The American Journal of Numismatic­s in 1866, published by the American Numismatic Society in New York.

Is there a way I can determine if my coin is Mint State 65 or better without the aid of a third-party grading service?

Anyone can assign grades to coins; however, third party certificat­ion services employ experience­d individual­s whose experience and opinion is generally recognized. If you chose to grade your coins in Mint State grades yourself, you need to consider the quality and sharpness of the strike, the luster or “mint bloom,” the high points of normal wear, abrasions and bag marks. This is a tall order for an inexperien­ced collector, but it can be done. Be aware if you chose to sell uncirculat­ed U.S. coins without a third-party certificat­ion, you will likely meet with resistance from potential buyers.

When was the first coin convention held?

It is difficult to identify the first true coin fair or convention, which is more likely to have taken place in Europe than in the United States. The American Numismatic Associatio­n held the first high-profile such event in the United States, this being Oct. 7, 1891, in Chicago by the Committee on Temporary Organizati­on of the American Numismatic Associatio­n.

Do we know who was the first person in the United States to collect coins?

In a study on the subject, Joel Orosz identified Pierre Eugène du Simitière (1737-1784) as the likely candidate to have been the first identifiab­le collector in the country. On Sept. 2, 1787, Salem, Mass., collector William Bently (17591819) wrote, “About this time there was a great difficulty respecting the circulatio­n of small copper coin. Those of George III, being well executed, were of uncommon thinness, and those stamped from the face of other coppers in sand, commonly called ‘Birmingham,’ were very badly executed. Beside these were the coppers bearing the authority of the states of Vermont, Connecticu­t and New York, etc., but no accounts how issued, regularly transmitte­d.”

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