President GEORGE WASHINGTON 1963 Quarter Dollar United States Silver Coin i43129

Item: i43129

 Authentic Coin of:

United States of America
George Washington Silver Quarter Dollar
Silver Quarter 24mm (6.19 grams) This coin is 90% silver, and 10%
copper.

LIBERTY IN GOD WE TRUST 1963,
Head of first president George Washington left.

UNITED STATES OF AMERICA QUARTER
DOLLAR, Bald eagle with wings outspread perches on a bundle of arrows framed
below by two olive branches ; E PLURIBUS UNUM
“out of many, one” in field above.

A beautiful coin illustrating
true U.S. Constitutional currency which defined the dollar as a quantity of
silver. What is interesting to note is that United States of America coins,
which were dimes, quarters, half dollars and dollars were made of silver until
1964 as per the mandate of the 1792 Coinage Act. The advantage of currency
backed by precious metals being a medium of exchange that maintains and perhaps
even gains buying power over time. There was little or no inflation when the
ideals of the founding fathers were followed. The idea of paper money was a
piece of paper which was exchangeable for coins at any time. It allowed you to
easily transport your money without having to carry the weight of the gold
silver and non-precious metal USA coins.

Article I, Section. 10 of
U.S. Constitution

“No State shall enter into any
Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin
Money; emit Bills of Credit; make any Thing but gold and silver Coin as Tender
in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law
impairing the Obligation of Contracts, or grant any Title of Nobility.”

It is also interesting to note
that silver is an industrial metal and supplies are being used up at rapid
rates. Silver coins were placed in jugs of water as per it’s anti-microbial
properties. Also when cows were milked, many used or still use silver pails to
catch the milk. Silver is also used in electronics as it is non-corrosive.
Another interesting thing was that at times in history, American people were
actually able to bring their silver to the U.S. mint and get silver coins in
exchange.

The great idea of money is for
it to be plentiful to allow for easy exchange. You see, contrary to popular
belief, US money, even with the 1792 Coinage Act did have what may be described
as fiat, or coins of non-precious metal. The 1 Cent or Penny Coins were made of
copper and the 5 Cent or Nickel coins were made of nickel. However, the
brilliant thing is that the copper and nickel coins were exchangeable for silver
and gold coins. So because of this, there was gold and silver backing, in effect
for the copper and nickel coins. So the amazing thing is that there was
plentiful money, which was issued constantly and did not bear any interest for
it’s use.

So in conclusion, money is an
interesting topic of discussion and study. It can both free and enslave and
there is a lot of good in all types of systems. What is also amazing is that the
money of the United States has the words “In God We Trust”. This makes this
phrase the most written phrase in existence. The more we love people and use
money as a tool for their benefit, the better the world is becoming. We live in
an amazing time and world where we are connected via the internet and where the
best ideas are winning.

Two great documentary films to
watch on this topic is Money Masters and The Secret of Oz.

You are bidding on the exact

Guarantee of Authenticity.

The Washington
Quarter is the present
quarter dollar
or 25-cent piece issued by the
United States Mint
. The coin was first struck
in 1932; the original version was designed by sculptor
John Flanagan
.

As the United States prepared to celebrate the 1932 bicentennial of the birth
of its first president,
George Washington
, members of the bicentennial
committee established by
Congress
sought a Washington half dollar. They
wanted to displace for that year only the regular issue
Walking Liberty half dollar
; instead Congress
permanently replaced the
Standing Liberty quarter
, requiring that a
depiction of Washington appear on the
obverse
of the new coin. The committee had
engaged sculptor
Laura Gardin Fraser
to design a commemorative
medal, and wanted her to adapt her design for the quarter. Although Fraser’s
work was supported by the
Commission of Fine Arts
and its chairman,
Charles W. Moore,
Treasury Secretary

Andrew W. Mellon
chose a design by Flanagan,
and Mellon’s successor,
Ogden L. Mills
, refused to disturb the
decision.

The new silver quarters entered circulation on August 1, 1932; they were
struck in that metal until the Mint transitioned to copper-nickel clad coinage
in 1965. A special
reverse
commemorating the
United States Bicentennial
was used in 1975 and
1976, with all pieces bearing the double date 1776–1976; there are no 1975-dated
quarters. Since 1999, the original eagle reverse has not been used; instead that
side of the quarter has commemorated
the 50 states
,
the nation’s other jurisdictions
, and
National Park Service
sites—the last as part of
the
America the Beautiful Quarters
series, which
will continue until 2021. The bust of Washington was made smaller beginning in
1999; in 2010 it was restored to bring out greater detail.

George Washington
 (February 22, 1732 [O.S.
February 11, 1731] – December 14, 1799) was
the first
President of the United States
(1789–1797), the
Commander-in-Chief
of the
Continental Army
during the
American Revolutionary War
, and one of the
Founding Fathers of the United States
. He
presided over the convention that drafted the
United States Constitution
, which replaced the
Articles of Confederation
and remains the
supreme
law of the land
.

Washington was elected president as the unanimous choice of the
electors
in the elections of both
1788–1789
and
1792
. He oversaw the creation of a strong,
well-financed national government that maintained neutrality in the wars raging
in Europe, suppressed rebellion, and won acceptance among Americans of all
types. Washington established many forms in government still used today, such as
the
cabinet system
and
inaugural address
. His retirement after two
terms and the peaceful transition from his presidency to that of
John Adams
established a tradition that
continued up until Franklin D. Roosevelt was elected to a third term. Washington
has been widely hailed as “father
of his country” even during his lifetime.

Washington was born into the provincial gentry of
Colonial Virginia
; his wealthy planter family
owned tobacco plantations and slaves, that he inherited. Although Washington
owned hundreds of slaves throughout his lifetime, his views on slavery evolved,
and he desired to free them and abolish slavery. After both his father and older
brother died when he was young, Washington became personally and professionally
attached to the powerful
William Fairfax
, who promoted his career as a
surveyor and soldier. Washington quickly became a senior officer in the colonial
forces during the first stages of the
French and Indian War
. Chosen by the
Second Continental Congress
in 1775 to be
commander-in-chief of the Continental Army in the American Revolution,
Washington managed to
force the British out of Boston
in 1776, but
was defeated and almost captured later that year when he
lost New York City
. After
crossing the Delaware River
in the dead of
winter, he
defeated the British
in two battles, retook New
Jersey and restored momentum to the Patriot cause.

Because of his strategy, Revolutionary forces captured two major British
armies at
Saratoga in 1777
and
Yorktown in 1781
. Historians laud Washington
for his selection and supervision of his generals, encouragement of morale and
ability to hold together the army, coordination with the state governors and
state militia units, relations with Congress and attention to supplies,
logistics, and training. In battle, however, Washington was repeatedly
outmaneuvered by British generals with larger armies. After victory had been
finalized in 1783, Washington resigned as Commander-in-chief rather than seize
power, proving his opposition to dictatorship and his commitment to
American republicanism
.

Dissatisfied with the
Continental Congress
, in 1787 Washington
presided over the
Constitutional Convention
that devised a new
federal government
for the United States.
Elected unanimously
as the first President of
the United States in 1789, he attempted to bring rival factions together to
unify the nation. He supported
Alexander Hamilton
‘s programs to pay off all
state and national debt, to implement an effective tax system and to create a
national bank, despite opposition from
Thomas Jefferson
.

Washington proclaimed the United States neutral in the wars raging in Europe
after 1793. He avoided war with Great Britain and guaranteed a decade of peace
and profitable trade by securing the
Jay Treaty
in 1795, despite intense opposition
from the
Jeffersonians
. Although he never officially
joined the
Federalist Party
, he supported its programs.
Washington’s Farewell Address
was an
influential primer on
republican virtue
and a warning against
partisanship, sectionalism, and involvement in foreign wars. He retired from the
presidency in 1797 and returned to his home in
Mount Vernon
, and domestic life where he
managed a variety of enterprises. He freed all his slaves by his final will.

Washington had a vision of a great and powerful nation that would be built on
republican lines using federal power. He sought to use the national government
to preserve liberty, improve infrastructure, open the western lands, promote
commerce, found a permanent capital, reduce regional tensions and promote a
spirit of American nationalism. At his death, Washington was
eulogized
as “first in war, first in peace, and
first in the hearts of his countrymen” by
Henry Lee
.

The Federalists made him the symbol of their party but for many years, the
Jeffersonians continued to distrust his influence and delayed building the
Washington Monument
. As the leader of the first
successful revolution against a colonial empire in world history, Washington
became an international icon for liberation and nationalism. He is
consistently ranked
among the top three
presidents of the United States, according to polls of both scholars and the
general public.

The bald eagle (Haliaeetus
leucocephalus, from Greek hali- = sea, aiētos =
eagle
, leuco- = white, cephalos =
head) is a
bird of prey
found in North America. A
sea eagle
, it has two known sub-species and
forms a
species pair
with the
white-tailed eagle
(Haliaeetus albicilla).
Its range includes most of Canada and Alaska, all of the
contiguous United States
, and northern Mexico.
It is found near large bodies of open water with an abundant food supply and
old-growth trees for nesting.

The bald eagle is an opportunistic feeder which subsists mainly on

fish, which it swoops down and snatches from the water with its
talons. It builds the largest
nest
of any North American bird and the largest
tree nests ever recorded for any animal species, up to 4 m (13 ft) deep, 2.5 m
(8.2 ft) wide, and 1 metric ton
(1.1
short tons
) in weight.
Sexual maturity
is attained at the age of four
to five years.

Bald eagles are not actually
bald
; the name derives from an older meaning of
“white headed”. The adult is mainly brown with a white head and tail. The sexes
are identical in plumage
, but females are about 25 percent
larger than males. The beak
is large and hooked. The plumage of the
immature is brown.

The bald eagle is both the
national bird
and
national animal
of the United States of
America. The bald eagle appears on its
Seal
. In the late 20th century it was on the
brink of
extirpation
in the continental United States.
Populations recovered and the species was removed from the
U.S. federal government’s
list of
endangered species
on July 12, 1995 and
transferred to the list of
threatened species
. It was removed from the
List of Endangered and Threatened Wildlife in the
Lower 48
States on June 28, 2007.

Theeee Coinage Act
 or the Mint Act, passed by the
United States Congress
on April 2, 1792,
established the
United States Mint
and regulated the coinage of
the United States. The long title of the legislation is An act establishing a
mint, and regulating the Coins of the United States. This act established
the silver
dollar
as the unit of money in the United
States, declared it to be lawful tender, and created a
decimal
system for U.S. currency.

By the Act, the Mint was to be situated at the
seat of government
of the United States. The
five original officers of the U.S. Mint were a Director, an Assayer, a Chief
Coiner, an Engraver, and a
Treasurer
(not the same as the
Secretary of the Treasury
). The Act allowed
that one person could perform the functions of Chief Coiner and Engraver. The
Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with
the Secretary of the Treasury.

Although some of the provisions in the 1792 Coinage Act were adjusted as time
went by, the majority of the rules specified in this Act remained in effect for
many decades. Essentially, it provided the basic framework on which all
subsequent coinage production was based. While the first draft of the Act
stipulated that all coins would employ a portrait of the president on the
obverse, the final version called for an image emblematic of liberty. The Act
also authorized construction of a
mint building in Philadelphia
, the nation’s
capital. This was the first federal building erected under the
United States Constitution
. Mint director
David Rittenhouse
laid the building’s
cornerstone
on July 31.

On May 8, 1792 An Act to Provide For a Copper Coinage was signed into
law by President
George Washington
. This legislation resulted in
the birth of the copper cent, from which descends today’s one cent piece. The
Act also stipulated that “the director of the mint… be authorized to contract
for and purchase a quantity of copper, not exceeding one hundred and fifty
tons… to be coined at the mint into cents and half-cents… and be paid into
the treasury of the United States, thence to issue into circulation.”
Furthermore, “no copper coins or pieces whatsoever except the said cents and
half-cents, shall pass current as money, or shall be paid, or offered to be paid
or received in payment for any debt, demand, claims, matter or thing
whatsoever.”

Effects

Merchants and bankers were reluctant to bring silver bullion to the Mint
because the disclosure of the illegal silver standard that was previously in
effect. The silver coinage of 1794 and 1795 employed a 0.900 fine standard
instead of the 0.8924+ standard (317.25/416=0.89242788461) as prescribed in the
Mint Act of April 2, 1792 (Heritage Coin Auction #390, Vol III, p. 117). The
most immediate effect of this practice was that depositors ended up paying an
addition 2.5 grams of silver bullion (about 10% extra) for every dollar they
received (Taxay, 1966, p. 89). When this became widely known, bullion deposits
brought to the mint declined significantly in 1796 and 1797.

Authorization
and free coinage

The Act authorized production of the following coins:

The coins were to contain the following markings:

• One side was to have an impression emblematic of liberty, with the
  inscription “Liberty”, and the year of the coinage.
• The reverse side of each of the gold and silver coins was to have the
  figure or representation of an eagle with the inscription “UNITED
  STATES OF AMERICA.”
• The reverse of the copper coins was to have an inscription expressing
  the denomination.

The Act defined the proportional value of gold and silver as 15 units of pure
silver to 1 unit of pure gold. Standard gold was defined as 11 parts pure gold
to one part alloy composed of silver and copper. Standard silver was defined as
1485 parts pure silver to 179 parts copper alloy. The Act also specified the
dollar as the “money of account” of the United States, and directed that all
accounts of the federal government be kept in dollars, “dismes“,
cents
, and “milles“,
a mille being one-tenth of a cent or one-thousandth of a dollar. The silver
content of a dollar under this act was almost exactly equal to ¹/₅
of the silver content of the contemporary British
pound sterling
, or 4 British shillings.

Under
Sec.14
, any person could bring gold or silver
bullion and have it coined free of charge, or later for a small fee, exchange it
immediately for an equivalent value of coin. The paragraph summary states:
“Persons may bring gold and silver bullion, to be coined free of expense;”

Quality control
measures were implemented in
that from each separate mass of gold or silver used to produce coins, three
coins were set aside by the treasurer. Each year on the last Monday in July,
under the inspection of the
Chief Justice
, the Secretary and Comptroller of
the Treasury, the
Secretary of State
, and the
Attorney General
, the coins were to be
assayed
and if the coins did not meet
established standards, the officers were disqualified from office. The meetings
later became formalized as the
United States Assay Commission
, which continued
meeting until it was disbanded in 1980.

Section 19 of the Act established a penalty of death for debasing the gold or
silver coins authorized by the Act, or embezzlement of the metals for those
coins, by officers or employees of the mint; this section of the Act apparently
remains in effect and would, in theory, continue to apply in the case of “any of
the gold or silver coins which shall be struck or coined at the said mint.” (At
present the only gold or silver coins struck by the US mint are the
American Silver Eagle
and the
American Gold Eagle
coins, some
Proof coinage
at the
San Francisco Mint
, such as the silver
US State Quarters
, and much of the
Commemorative coinage of the United States
.)
All other sections of the act have been superseded, as for example the
Coinage Act of 1834
changing the silver-to-gold
weight ratio. Various acts have subsequently been passed affecting the amount
and type of metal in U. S. coins, so that today there is no legal definition of
the term “dollar” to be found in U. S. statute. Current statutes regulating
coinage in the United States may be found in
Title 31 of the United States Code
.

See also

• Coinage Act of 1834
• Coinage Act of 1849
• Coinage Act of 1857
• Coinage Act of 1864
• Coinage Act of 1873
• Coinage Act of 1965
• Mill (currency)