1908, Matte Proof This is a very complex year,
with possibly three Proof finishes used for coinage. The finish
most commonly seen is a dark matte Proof finish, and of the
116 coins struck, this represents virtually all known examples.
As a date, this is the most commonly available of the Proof
issues. Orders for these coins were large, as the 1908 coins
were the first Proofs generally available to collectors. Many
survive in gem condition.
None (for Philadelphia,
PA) left of the arrowheads on the reverse.
The 1908 Motto is one of the more
common dates of this beautiful type and I rank it
24th in overall rarity (see Appendix E) in the Indian
Head series. Uncirculated examples of average quality
are not difficult to obtain and even specimens at
the choice and gem levels cannot really be considered
to be scarce. There are also a substantial number
of truly superb examples known of this issue.
Proofs are rare but are by far the
most often encountered of the Indian Head type. However,
since matte proofs are so "fragile" and
show handling marks or even the minutest rubbing to
a far greater degree than brilliant proofs, it is
extremely difficult to locate a proof without detracting
shiny spots or "highlights".
Most of the proofs are of the matte
or sandblast type but there is one known "Roman"
finish or "satin" finish proof that was
undoubtedly struck later in the year to test the newfinish
that would be used in 1909 and 1910. This unique specimen
was in the Boston Museum of Fine Arts for many years
until it was sold in Stack's 1976 ANA Sale. It is
the coin pictured above and it is now in the Robert
Kruthoffer Collection. Matte proofs exist with both
dark and light finishes (most are the former) and
I estimate that only 30-35 proofs can still be accounted
for today.
THE
BARBER-ST. GAUDENS DESIGN, WITH MOTTO (1908-33)
Less than a year after
adoption of the St. Gaudens design, an outraged and
furious Congress (probably goaded by vociferous clergy)
ordered that the motto IN GOD WE TRUST be forthwith
restored to the coinage, as mandated by the Act of
March 3, 1865. The 1907 issues and the first ones
of 1908 had lacked this motto because Pres. Theodore
Roosevelt, on religious grounds (Dutch Reformed Church
and Freemasonry), believed that placing the name of
God on currency was a debasement amounting to blasphemy.
After all, these coins bearing the name of God were
likely too often to be dropped, stepped on, used in
rigged gambling or for hiring assassins or buying
murder weapons.
Congressmen, of course, had forgotten about the jeers
which greeted the original addition of this motto
to our coins. Many even in the 1860s recognized that
it was likely to be misread or satirically rendered,
as in fact happened; "In Gold We Trust"
and "In God We Trust-All Others Must Pay Cash"
became mock slogans heard to the present day. Others
assumed that the proper name of the god worshipped
by the owners-and possibly some of the makers-was
Mammon.
Nevertheless, Congress insisted on flinging this particular
lump of incense onto the altar, even as-in one of
the weirder coincidences-the British Parliament was
to do three years later when George V's new 1911 Canadian
"Godless" coins omitted the traditional
initials D.G. (= DEI GRATIA, 'By the grace of God').
Possibly the congressmen were more concerned with
proving that they were not atheists than with preserving
separation of church and state.
The new design with motto is by Charles E. Barber,
after St. Gaudens. Aside from the addition of the
motto, none of Barber's niggling changes are defensible
as improvements unless one insists that more of the
first U of UNUM had to show. Nor is striking quality
improved.
Denver
Mint coins 1908-10 continue the extra broad mint-mark,
tilted so as to follow the curve of border, as on
7099; later dates show a much smaller mintmark. S
mintmarks are always small, also following the curve
of border.
Coins dated 1908-11 have 46 stars on edge as before;
1912-33, 48 stars, the extra two being added to honor
the admission of Arizona and New Mexico. Edges continued
to be imparted by segmented (tripartite) collars.
All proofs 1908-15 are
much rarer than their mintage figures suggest; notably
rarer than most dates 1897-1907. Many were melted
in 1917 as unsold, others spent during the 1921 and
1929-33 financial crises. These proofs have finishes
differing from one year to another; see Breen {1977},
pp. 207-16. Dangerous forgeries exist; authentication
strongly recommended.
Before 1920 no dates
or mintmarks are rare in ordinary grades, though some
are Ex. rare choice. Thereafter, only two dates are
readily obtainable: 1926 and 1932. In my experience,
1920 S is rarer than 1930 S or 1933. For some decades
one 1930 S turned up in the San Francisco area every
three years, probably from a single roll. The 1933
is usually considered rarest, only a few dozen at
most legally released in Jan.-Feb. 1933. About 1952
a small hoard, possibly 20-30 in all, probably the
majority of the coins issued, showed up on the East
Coast. (I studied eight of them on a single tray in
1953: gem mint-state beauties.) A few others turned
up later, from French and Swiss banks. No hoard of
1920 S ever appeared, though since 1980 possibly four
or five have returned from Europe, and reportedly
10 more were found in upper New York State. Most of
these late dates only come UNC. with varying amounts
of bag marks, testifying to their long residence in
bank cash reserves.
THE BARBER-ST. GAUDENS DESIGN, WITH MOTTO
Designer, Engraver, Charles E. Barber, after St. Gaudens.
Mints, Philadelphia (no mintmark), San Francisco (mintmark
S), Denver (D). Mintmark opposite or below arrow points.
Physical Specifications, Authorizing Acts, as before.
Grade range and standards, as before. NOTE: Not collected
in low grades.
HISTORY
in 1908: New York City, Jan. 17. A wireless
message from Puerto Rico is received at Times Towerr. Collingwood, Ohio, March 4. Schoolhouse blaze
kills 175 children. Chelsea, Massachusetts, Apr. 12. One-quarter
of town is destroyed by fire; 19 deaths reported. Chicago, May 10. Socialist National Convention
nominates Eugene V. Debs of Indiana for president. Washington, D.C., May 30. In response to last
year's financial panic. Congress enacts Al-drich-Vreeland
Act. establishing National Monetary Commission. Washington, D.C., June 23. Diplomatic relations
between United States and Venezuela are severed because
of latter's unwillingness to compensate for injuries
sustained by Americans during recent upheavals. Rome, June 29. Pope Pius X issues encyclical
Sapienti Con-silio, declaring that United States is
no longer a missionary area. Springfield, Illinois, Aug. 15. When a white
woman claims a Negro raped her, community of Negroes
is attacked and some are lynched. Yellowstone National Park, Aug. 24. On road
between Old Faithful and Thumb, one man holds up 17
coaches in a day, assisted by a strategic bend in
road. Detroit, Mich., Oct. 14. Chicago Cubs defeat
Detroit Tigers in World Series, four games to one. Nyack, New York, Dec. 27. Followers of doomsday
prophet Lee J. Spangler sit atop a mountain awaiting
end of world dressed in white gowns, "specially
made for occasion." New York City. Ex-Lax Company founded by Max
Kiss, who promotes his product with filmed advertisements
in movie theaters. Utah. Dinosaur bones discovered near Jensen. California. Construction begins on Owens Valley
Aqueduct, to bring water to Los Angeles. Boston. Van Wyck Brooks's The Wine of the Puritans
published.