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HISTORY Origins Mintmarks were first developed to locate a problem. If a coin was underweight, or overweight, the mintmark would immediately tell where the coin was minted, and the problem could be located and fixed. Another problem which could occur would be a dishonest mint official Debasing the coin, or putting less Precious Metal in the coin than specified. The first mint marks, called "Magistrate Marks" were developed by the Greek , and named the Magistrate in charge of producing that coin. Debasing a coin, or otherwise tampering with it, was a very serious crime, often punishable by death in many civiliations. For example, in 1649 , the directors of the Spanish colonial American Mint at Potosi , in what is today Bolivia , were condemned to death for seriously debasing the coinage. The initials of the Assayer as well as the mint mark were immediate identifiers when the coins were inspected. MINTMARKS IN NUMISMATICS In the 19th centuray, numismatists did not generally collect coins according to mintmark: they attempted to obtain date sets of coins. A turnaround began after 1893, when A. G. Heaton 's "A Treatise on Coinage of the United States Branch Mints" was published. Heaton cited example after example of mint-marked coins that were much scarcer than Philadelphia products and that should bring high premiums. When the United States abandoned Silver coinage in 1964 , mintmarks were removed from the new Copper - Nickel coins to prevent coin collectors from removing too many coins from circulation. The silver coins quickly disappeared from circulation, and it was feared that if collectors saved too many of the new coins, there would be a serious shortage of coinage. EXAMPLES Examples of mint marks in United States Coinage include P for the Philadelphia Mint , D for the Denver Mint , S for the San Francisco Mint , W for the West Point Mint , CC for the Carson City Mint , C for the Charlotte Mint , and O for the New Orleans Mint . Many mints of the world commonly use a Privy Mark, which is a symbol unique to each mint. The Royal Canadian Mint commonly uses a Maple Leaf privy mark. The Monnaie De Paris uses many different privy marks to denote each branch mint, including a Torch , Cornucopia , or Thunderbolt . Many Islamic coins bear an inscription telling which mint produced the coin. This inscription is often the name of the city where the coin was minted spelled out in Arabic script. EXTERNAL LINKS |
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