Reach into a jar of old wheat pennies and one coin will stand out immediately: a Lincoln cent the color of a dime. The 1943 steel penny is the only circulating U.S. coin ever struck in steel, born in a single wartime year when the Mint surrendered its copper to the war effort. More than...

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In 1917, the U.S. Mint changed a coin design mid-year, something that had almost never happened before. The reason was sculptor Hermon MacNeil’s original depiction of Liberty on the Standing Liberty Quarter, which showed her right breast exposed beneath a flowing gown. Whether the public outcry was as widespread as legend suggests remains debated, but...

The post The 1917 Type 1 Standing Liberty Quarter: America’s Most Controversial Coin Design and Why It Changed Mid-Year appeared first on Blanchard and Company.

Federal Reserve Holds Key Interest Rate Steady, Inflation Remains High Despite September consumer prices at 3.7%, the Federal Reserve failed to take action to bring inflation down today. The central bank held their key interest rate steady at 3.75-4.00%, as inflation climbs. Two Fed members, who wanted the central bank to raise interest rates to...

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