The 1938 New Rochelle 250th Anniversary Commemorative Half Dollar is a significant piece of U.S. numismatic history. It was issued to commemorate the founding of New Rochelle, New York, and marks a noteworthy event in the world of American coinage. This coin not only represents the history of New Rochelle but also showcases the artistry of the U.S. Mint and the tradition of commemorative coin programs in the early 20th century.
The Background of the 1938 New Rochelle Half Dollar
The 1938 New Rochelle 250th Anniversary Commemorative Half Dollar was authorized by Congress to celebrate the 250th anniversary of the founding of New Rochelle. The city, located in Westchester County, New York, was established in 1688. To commemorate this milestone, local leaders requested the creation of a commemorative coin to honor the city’s history. This request was formalized into law through the passage of the Coinage Act of 1938, which allowed the U.S. Mint to issue the half dollar coin.
Design Features
The design of the 1938 New Rochelle Half Dollar is a testament to the skill of its engraver, Felix Schlag. The obverse features an image of the French Huguenot Church, which symbolizes the city’s colonial heritage. The church is depicted in great detail, capturing its architectural beauty and historical importance. The reverse of the coin features a standing figure of a pioneer settler with a plow, representing the settlers who helped to establish New Rochelle and contribute to its agricultural development. The inscription “NEW ROCHELLE 1688-1938” is also found on the reverse, underscoring the significance of the 250th anniversary.
In addition to the image of the Huguenot Church, the design also includes the date and the word “LIBERTY” at the top, with “IN GOD WE TRUST” below. The coin is inscribed with the words “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM,” which are familiar mottos on U.S. coins.
Mintage and Distribution
The 1938 New Rochelle Half Dollar had a relatively small mintage compared to other commemorative coins issued during the era. Just over 25,000 coins were minted, making it a rare and highly sought-after item among collectors. The coin was sold at a premium, which was not uncommon for commemorative coins, but its rarity and beauty have helped maintain its value in the numismatic market.
The majority of these coins were distributed through local banks, with many being sold directly to residents of New Rochelle. A portion of the coins was also made available through mail order to collectors nationwide. Due to the limited mintage and the significant historical event it represents, the 1938 New Rochelle Half Dollar is highly prized by collectors today.
Value and Collectibility
The 1938 New Rochelle 250th Anniversary Commemorative Half Dollar has become a popular coin among collectors due to its limited mintage, beautiful design, and historical significance. The coin’s value depends on factors such as its condition, with coins in higher grades fetching higher prices. In general, the coin is relatively affordable compared to other rarer commemorative coins, though it remains a prized addition to many collections.
In mint state, the coin can be worth hundreds of dollars, and the value can increase even further for examples in exceptional condition or with unique features. As with any coin, the market for the 1938 New Rochelle Half Dollar can fluctuate, but its popularity remains steady due to its role in U.S. coin history.
Conclusion
The 1938 New Rochelle 250th Anniversary Commemorative Half Dollar serves as an important reminder of the city’s heritage and the enduring tradition of commemorative coinage in the United States. Whether you are a numismatist or simply someone interested in American history, this coin offers a tangible link to the past, celebrating the spirit of New Rochelle and its role in shaping the American story.
FAQs
What is the 1938 New Rochelle 250th Anniversary Commemorative Half Dollar?
The 1938 New Rochelle Half Dollar is a commemorative coin issued by the U.S. Mint to celebrate the 250th anniversary of the founding of New Rochelle, New York, in 1688.
How many 1938 New Rochelle Half Dollars were minted?
A total of 25,000 coins were minted, making it a rare and highly sought-after item for collectors.
What is the value of the 1938 New Rochelle 250th Anniversary Half Dollar?
The value of the 1938 New Rochelle Half Dollar varies depending on its condition. Coins in higher grades can be worth hundreds of dollars, with exceptional examples fetching even higher prices in the market.