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10 Lesser-Known U.S. Coins

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President Obama recently suggested the retirement of the penny as a way of reducing the federal budget, since it costs nearly two and a half times its face value to mint. While that may not happen any time soon, it’s still interesting to look at some other coins in U.S. history that were retired, were exceptionally rare, or never even made it off the drawing board...

1. Bullion coins

While most of America’s coinage is made up of a variety of materials, bullion coins are made up entirely of precious metals. Currently, there are four kinds: Silver Eagles, Gold Eagles, Platinum Eagles, and Gold Buffalos.

Each are legal tender and have their own face value: Silver Eagles are $1, Gold Eagles are $5, $10, $25, or $50 (depending on weight), Platinum Eagles are $100, and Gold Buffalos are $50. However, it would be a really horrible idea to spend them—the coins are intended to be bought and sold at the current market value of the metal from which they were created (which is far, far higher than the face value).

Bullion coins aren’t circulated and can’t be purchased from the U.S. Mint directly. Instead, a network of authorized sellers can hook you up ... to the tune of the market value of the metal, plus a little extra for the convenience of having it in coin form.

2. Unions

After the gold rush of 1849, Californians had a bit of a money problem. Previously, the region had solely used its own specially-minted coins for currency. Once California reached statehood, however, this became troublesome, because the U.S. Mint didn’t issue higher-value coins and paper currency was still very slow to circulate out west.

To combat this, Congress considered creating two new coins: the $100 Union and $50 Half-Union. The proposal failed, however, and neither coin saw circulation.  But in 1910, a private collector came forward with two gold Half-Unions, both marked with an 1877 date (nearly twenty years after they were rejected).

The coins are kind of a mystery. No one knows exactly why they were created (or when, since the 1877 date is possibly incorrect), but several other collectors have since found copper Half-Unions made using the same die. The two original Half-Unions are now in the Smithsonian.

3. Eagle Coins

From 1792 to 1933, America issued gold coins known as eagles (not to be confused with the bullion coins mentioned previously). The longest-lived obsolete coin in U.S. history, eagles were actually a series of related denominations. The eagle itself was worth $10, but the Mint also produced the double-eagle ($20), half-eagle ($5), and quarter-eagle ($2.50).

In 1933, however, President Franklin D. Roosevelt, who believed that people hoarding gold might prolong the Great Depression, signed Executive Order 6102, which made it illegal for individuals to possess more than $100 worth of gold. Any amounts in excess were turned over to the government for a cash equivalent. This effectively ended production of the eagle coins, as the Mint started melting down its own supplies to assist.

4. Stella

In the 1860s, several European countries banded together to create a universal currency, sort of like an early attempt at the Euro. This group called itself the Latin Monetary Union (or LMU) and created standards for gold and silver coins that could be minted by the individual countries but were also easily exchanged on a one-for-one basis.

The U.S. briefly considered joining the LMU and produced a concept coin called the Stella. Valued at $4 US, the Stella would have been America’s version of the LMU gold coin. However, Congress rejected both the Stella and the LMU (which disbanded after World War I), so the coin went unused.

5. Three-Dollar Piece

From 1854 to 1889, the U.S. Mint produced a gold coin worth $3, which is a bit surprising, since they already had the aforementioned quarter-eagle worth $2.50. Why did they feel the need to create a separate coin for the extra 50 cents? The answer is stamps.

More specifically, for buying a whole lot of stamps. In the mid-1800s, the U.S. Postal Service actually lowered the price of stamps from five cents to three. Thus, it was widely assumed (though never directly stated) that, essentially, the sole purpose of $3 coins was for businesses to conveniently buy 100 stamps in a single transaction. Obviously, they weren’t much use for anything else. Since stamps couldn’t stay the same price forever, the coin was retired within a few decades.

(For the record, a three-dollar piece would buy six and a half stamps today.)

6. Twenty-Cent Piece

The shortest-lived circulated coin in U.S. history, the twenty-cent piece only lasted from 1875 to 1878. Once again, this was America attempting to keep parity with Europe—France, in particular. Their twenty-franc piece was approximately the same size and material as the twenty-cent piece, and so the two could, in theory, be exchanged equally.

In reality, this was almost never done. Though francs were a popular reserve currency at the time, the average citizen didn’t have much of a need for a twenty cent coin, especially since quarters were already well-established.

7. Half-Dime

Long before nickels were ever a thing, the U.S. Mint produced an entirely different five cent coin known as the half-dime. They were, in fact, about half the size of a dime as well as being half the value. From 1792 to 1873, silver half-dimes were produced to fill the gap between pennies and dimes, because no one likes a pocket full of pennies.

Trouble for the half-dime started in 1866, though, when nickel lobbyists convinced the government to authorize the creation of new five-cent pieces made out of, of course, nickel alloy. The half-dime lasted less than a decade afterward. The new so-called “nickel” quickly edged it out.

8. Three-Cent Piece

Tying back into the previously-mentioned three-dollar piece and the half-dime, the three-cent piece was a short-lived (but fairly popular) coin that was minted between 1851 and 1889. The original three-cent coin was made of silver and was introduced in response to the cheap stamps that also led to the creation of the three-dollar piece. One coin was equal to one stamp, which was simple and convenient. (You would need sixteen of them to buy a single stamp today.)

But silver hoarding became common during the Civil War, which caused circulation problems. Luckily, the same nickel lobbyists who pressured for the half-dime replacement had also gotten Congress to introduce an alternative: the three-cent nickel. For the first few years of its life, the “nickel” actually came in both three-cent and five-cent varieties.

However, since the three-cent nickel was about the same size as a dime, the two often got confused. In addition, the price of stamps changed once again, leading to the three-cent coin becoming largely unnecessary, and so it was phased out in 1889.

9. Two-Cent Piece

Another experimental coin, the two-cent piece was mostly just a stopgap piece to be used to combat coin shortages until the Civil War ended. When the war did end, the U.S. Mint just decided to keep making them and see if anyone used them. They didn’t, and between the initial 1864 run and the final 1873 series, production dropped from 20 million coins to just 600. As in 600 total.

Ironically, they might have been very popular in 1883, when the Postal Service once again performed a now-unthinkable act and dropped the cost of stamps down to two cents (where they stayed, except for a short time during WWI, until 1932).

10. Half-Cent
 

Although Americans now only see fractions of a cent at gas stations, they used to be much more common. From 1793 to 1857, the U.S. Mint produced a half-cent—the smallest value coin in American history. Fractions of a cent, which are technically called mills, were actually very useful when small denominations of currency actually had some value to them.

In fact, some states even produced one mill tokens, worth 1/10 of a cent, at various points in history. These tokens, which were not official U.S. coinage (hence the word token instead of coin), were most often used for paying sales tax on purchases.

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6 East Coast Castles to Visit for a Fairy Tale Road Trip
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Once the stuff of fairy tales and legends, a variety of former castles have been repurposed today as museums and event spaces. Enough of them dot the East Coast that you can plan a summer road trip to visit half a dozen in a week or two, starting in or near New York City. See our turrent-rich itinerary below.

STOP 1: BANNERMAN CASTLE // BEACON, NEW YORK

59 miles from New York City

The crumbling exterior of Bannerman Castle
Garrett Ziegler, Flickr // CC BY-NC-ND 2.0

Bannerman Castle can be found on its very own island in the Hudson River. Although the castle has fallen into ruins, the crumbling shell adds visual interest to the stunning Hudson Highlands views, and can be visited via walking or boat tours from May to October. The man who built the castle, Scottish immigrant Frank Bannerman, accumulated a fortune shortly after the Civil War in his Brooklyn store known as Bannerman’s. He eventually built the Scottish-style castle as both a residence and a military weapons storehouse starting in 1901. The island remained in his family until 1967, when it was given to the Taconic Park Commission; two years later it was partially destroyed by a mysterious fire, which led to its ruined appearance.

STOP 2. GILLETTE CASTLE STATE PARK // EAST HADDAM, CONNECTICUT

116 miles from Beacon, New York

William Gillette was an actor best known for playing Sherlock Holmes, which may have something to do with where he got the idea to install a series of hidden mirrors in his castle, using them to watch guests coming and going. The unusual-looking stone structure was built starting in 1914 on a chain of hills known as the Seven Sisters. Gillette designed many of the castle’s interior features (which feature a secret room), and also installed a railroad on the property so he could take his guests for rides. When he died in 1937 without designating any heirs, his will forbade the possession of his home by any "blithering sap-head who has no conception of where he is or with what surrounded.” The castle is now managed by the State of Connecticut as Gillette Castle State Park.

STOP 3. BELCOURT CASTLE // NEWPORT, RHODE ISLAND

74 miles from East Haddam, Connecticut

The exterior of Belcourt castle
Jenna Rose Robbins, Flickr // CC BY-SA 2.0

Prominent architect Richard Morris Hunt designed Belcourt Castle for congressman and socialite Oliver Belmont in 1891. Hunt was known for his ornate style, having designed the facade of the Metropolitan Museum of Art and the Breakers in Newport, Rhode Island, but Belmont had some unusual requests. He was less interested in a building that would entertain people and more in one that would allow him to spend time with his horses—the entire first floor was designed around a carriage room and stables. Despite its grand scale, there was only one bedroom. Construction cost $3.2 million in 1894, a figure of approximately $80 million today. But around the time it was finished, Belmont was hospitalized following a mugging. It took an entire year before he saw his completed mansion.

STOP 4. HAMMOND CASTLE MUSEUM // GLOUCESTER, MASSACHUSETTS

111 miles from Newport, Rhode Island

Part of the exterior of Hammond castle
Robert Linsdell, Wikimedia Commons // CC BY 2.0

Inventor John Hays Hammond Jr. built his medieval-style castle between 1926 and 1929 as both his home and a showcase for his historical artifacts. But Hammond was not only interested in recreating visions of the past; he also helped shape the future. The castle was home to the Hammond Research Corporation, from which Hammond produced over 400 patents and came up with the ideas for over 800 inventions, including remote control via radio waves—which earned him the title "the Father of Remote Control." Visitors can take a self-guided tour of many of the castle’s rooms, including the great hall, indoor courtyard, Renaissance dining room, guest bedrooms, inventions exhibit room, library, and kitchens.

STOP 5. BOLDT CASTLE // ALEXANDRIA BAY, THOUSAND ISLANDS, NEW YORK

430 miles from Gloucester, Massachusetts

It's a long drive from Gloucester and only accessible by water, but it's worth it. The German-style castle on Heart Island was built in 1900 by millionaire hotel magnate George C. Boldt, who created the extravagant structure as a summer dream home for his wife Louise. Sadly, she passed away just months before the place was completed. The heartbroken Boldt stopped construction, leaving the property empty for over 70 years. It's now in the midst of an extensive renovation, but the ballroom, library, and several bedrooms have been recreated, and the gardens feature thousands of plants.

STOP 6. FONTHILL CASTLE // DOYLESTOWN, PENNSYLVANIA

327 miles from Alexandria Bay, New York

Part of the exterior of Fonthill castle

In the mood for more castles? Head south to Doylestown, Pennsylvania, where Fonthill Castle was the home of the early 20th century American archeologist, anthropologist, and antiquarian Henry Chapman Mercer. Mercer was a man of many interests, including paleontology, tile-making, and architecture, and his interest in the latter led him to design Fonthill Castle as a place to display his colorful tile and print collection. The inspired home is notable for its Medieval, Gothic, and Byzantine architectural styles, and with 44 rooms, there's plenty of well-decorated nooks and crannies to explore.

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7 Famous People Researchers Want to Exhume
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This week, the surrealist painter Salvador Dali is being exhumed from his grave in Figueres, northeastern Spain, where he has lain beneath the stage of a museum since his death in 1989. Researchers hope to collect DNA from his skeleton in order to settle a paternity suit brought by a tarot card reader named Pilar Abel, who claims that her mother had an affair with the artist while working as a maid in the seaside town where the Dalis vacationed. If the claim is substantiated, Abel may inherit a portion of the $325 million estate that Dali, who was thought to be childless, bequeathed to the Spanish state upon his death.

The grave opening may seem like a fittingly surreal turn of events, but advances in DNA research and other scientific techniques have recently led to a rise in exhumations. In the past few years (not to mention months), serial killer H. H. Holmes, poet Pablo Neruda, astronomer Tycho Brahe, and Palestinian leader Yasir Arafat, among many others, have all been dug up either to prove that the right man went to his grave—or to verify how he got there. Still, there are a number of other bodies that scientists, historians, and other types of researchers want to exhume to answer questions about their lives and deaths. Read on for a sampling of such cases.

1. LEONARDO DA VINCI

An international team of art historians and scientists is interested in exhuming Leonardo da Vinci's body to perform a facial reconstruction on his skull, learn about his diet, and search for clues to his cause of death, which has never been conclusively established. They face several obstacles, however—not the least of which is that da Vinci's grave in France's Loire Valley is only his presumed resting place. The real deal was destroyed during the French Revolution, although a team of 19th century amateur archaeologists claimed to have recovered the famed polymath's remains and reinterred them in a nearby chapel. For now, experts at the J. Craig Venter Institute in California are working on a technique to extract DNA from some of da Vinci's paintings (he was known to smear pigment with his fingers as well as brushes), which they hope to compare with living relatives and the remains in the supposed grave.

2. MERIWETHER LEWIS

A portrait of Meriwether Lewis
Wikimedia Commons // Public Domain

As one half of Lewis and Clark, Meriwether Lewis is one of America's most famous explorers, but his death belongs to a darker category—famous historical mysteries. Researchers aren't sure exactly what happened on the night of October 10, 1809, when Lewis stopped at a log cabin in Tennessee on his way to Washington, D.C. to settle some financial issues. By the next morning, Lewis was dead, a victim either of suicide (he was known to be suffering from depression, alcoholism, and possibly syphilis) or murder (the cabin was in an area rife with bandits; a corrupt army general may have been after his life). Beginning in the 1990s, descendants and scholars applied to the Department of the Interior for permission to exhume Lewis—his grave is located on National Park Service Land—but were eventually denied. Whatever secrets Lewis kept, he took them to his grave.

3. SHAKESPEARE

A black and white portrait of Shakespeare
Hulton Archive/Getty Images

Shakespeare made his thoughts on exhumation very clear—he placed a curse on his tombstone that reads: "Good frend for Jesus sake forebeare/ To digg the dust encloased heare/ Bleste be the man that spares thes stones/ And curst be he that moves my bones." Of course, that hasn't stopped researchers wanting to try. After Richard III's exhumation, one South African academic called for a similar analysis on the Bard's bones, with hopes of finding new information on his diet, lifestyle, and alleged predilection for pot. And there may be another reason to open the grave: A 2016 study using ground-penetrating radar found that the skeleton inside appeared to be missing a skull.

4. JOHN WILKES BOOTH

A black and white photograph of John Wilkes Booth
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The events surrounding Abraham Lincoln's death in 1865 are some of the best-known in U.S. history, but the circumstances of his assassin's death are a little more murky. Though most historical accounts say that John Wilkes Booth was cornered and shot in a burning Virginia barn 12 days after Lincoln's murder, several researchers and some members of his family believe Booth lived out the rest of his life under an assumed name before dying in Oklahoma in 1903. (The corpse of the man who died in 1903—thought by most people to be a generally unremarkable drifter named David E. George—was then embalmed and displayed at fairgrounds.) Booth's corpse has already been exhumed from its grave at Baltimore's Greenmount Cemetery and verified twice, but some would like another try. In 1994, two researchers and 22 members of Booth's family filed a petition to exhume the body once again, but a judge denied the request, finding little compelling evidence for the David E. George theory. Another plan, to compare DNA from Edwin Booth to samples of John Wilkes Booth's vertebrae held at the National Museum of Health and Medicine, has also come to naught.

5. NAPOLEON

A portrait of Napoleon
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Napoleon has already been exhumed once: in 1840, when his body was moved from his burial-in-exile on St. Helena to his resting place in Paris's Les Invalides. But some researchers allege that that tomb in Paris is a sham—it's not home to the former emperor, but to his butler. The thinking goes that the British hid the real Napoleon's body in Westminster Abbey to cover up neglect or poisoning, offering a servant's corpse for internment at Les Invalides. France's Ministry of Defense was not amused by the theory, however, and rejected a 2002 application to exhume the body for testing.

6. HENRY VIII

A portrait of Henry VIII
Hulton Archive/Getty Images

In his younger years, the Tudor monarch Henry VIII was known to be an attractive, accomplished king, but around age 40 he began to spiral into a midlife decline. Research by an American bioarchaeologist and anthropologist pair in 2010 suggested that the king's difficulties—including his wives' many miscarriages—may have been caused by an antigen in his blood as well as a related genetic disorder called McLeod syndrome, which is known to rear its head around age 40. Reports in the British press claimed the researchers wanted to exhume the king's remains for testing, although his burial at George’s Chapel in Windsor Castle means they will need to get the Queen’s permission for any excavation. For now, it's just a theory.

7. GALILEO

A portrait of Galileo
Hulton Archive/Getty Images

The famed astronomer has had an uneasy afterlife. Although supporters hoped to give him an elaborate burial at the Basilica of Santa Croce, he spent about 100 years in a closet-sized room there beneath the bell tower. (He was moved to a more elaborate tomb in the basilica once the memory of his heresy conviction had faded.) More recently, British and Italian scientists have said they want to exhume his body for DNA tests that could contribute to an understanding of the problems he suffered with his eyesight—problems that may have led him to make some famous errors, like saying Saturn wasn't round. The Vatican will have to sign off on any exhumation, however, so it may be a while.

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