OSBORNE COINAGE SERIES
The second and third in the series are set to release in Summer 2019 Third in the series is the Abraham Lincoln portrait, immortalized on the US penny for over a century. Second, in the series is the 1893 Morgan Dollar with the female bust representing Liberty. “Let’s just say we make more than 100 million coins a year-that’s conservative.The first in the series in the proud Indian from the 1913 Buffalo nickel and is currently available. “But we have very high-speed equipment that you won’t find in other mints because of the turnaround time that’s needed on some of these jobs,” Stegman said. He refused even to divulge how fast Osborne’s machinery can crank out coins. Stegman declined to release Osborne’s earnings or product volume. Massive rolls of metal alloys are shaped into blank coins and loaded into presses that stamp the image from the dies onto each coin using 200 tons of pressure. The design then is etched into two dies, one for each side of the coin. The coins are often made from aluminum, but Osborne also works in gold, silver, brass, nickel and other metals.Įach coin starts with a conceptual drawing that can be enhanced using a computer. A company wouldn’t stay in business that long if they turned out garbage.” Gilkes calls Osborne “a top-flight company. * Promotional coins, such as the 17 million 1996 Olympic Games coins General Mills distributed in cereal boxes. * Millions of doubloons used each year at Mardi Gras in New Orleans. * Commemorative sports coins, such as one marking the opening of Denver’s Coors Field in 1995 and another commemorating the Chicago Bulls’ NBA championships. * “Sobriety coins” given to members of Alcoholics Anonymous to mark the anniversary of the day they stopped drinking. The company has made more than 100 million transit tokens for New York City. Philadelphia’s SEPTA mass transit system has bought 14 million train, trolley and bus tokens from Osborne since 1990. Green Duck Corp., based in Hernando, Miss., is Osborne’s primary competitor, particularly in producing tokens for the booming casino gambling industry. Today it’s a smaller field of private mints competing for business. “You had lots of different companies start up producing tokens for companies and merchants that were used as change.” “There was the need for small change-all the copper was being used for the war,” Gilkes said. Many private mints opened during the Civil War. The first mint in what now is the United States was established in 1652 in Boston, prompted by a shortage of British coins and an influx of Dutch and Spanish coins. There are 40 to 50 private mints in the United States, said Paul Gilkes, a senior writer for Coin World magazine. “We had train tracks running up to the building-they were loading up cars every day,” said Stegman, whose family bought the mint two years after the war. Using 1,300 workers around the clock, Osborne made 5 billion of the red and blue tokens in five months, as many as 80 million a day. Roosevelt.ĭuring World War II, the Office of Price Administration commissioned Osborne to make tokens to replace the small change handed out when food rationing coupons were redeemed. Osborne also made campaign coins for eight other presidential candidates, including Ulysses S. Both sets of dies still sit in the company vault.
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