The Lynchburg Sesquicentennial half dollar was a commemorative half dollar designed by Charles Keck and struck by the United States Bureau of the Mint in 1936, to celebrate the 150th anniversary of the 1786 incorporation of the independent city of Lynchburg, Virginia. The obverse of the coin depicts former Secretary of the Treasury and U.S. Senator Carter Glass, a native of Lynchburg. The reverse depicts a statue of the Goddess of Liberty, with Lynchburg sites behind her, including the Old Courthouse and the city's Confederate monument.
Glass sponsored legislation for the half dollar, which passed Congress without difficulty. The Commission of Fine Arts proposed that the coin should bear the portrait of John Lynch, founder of Lynchburg, on the obverse, but no portrait of him was known. Instead, the Lynchburg Sesqui-Centennial Association decided Senator Glass should be on the coin. Despite his opposition, Glass became the third living person to appear on a U.S. coin, and the first to be shown alone.
The coins sold well when placed on sale in the late summer of 1936, and sales to out-of-towners were limited. The entire issue sold out, with some put aside for the sesquicentennial celebrations in October. Issued for $1, the coins have appreciated over the years, with 2018 estimates of value ranging between $225 and $365, depending on condition.
Background
The Lynchburg Sesqui-Centennial Association desired to have a commemorative half dollar honoring the anniversary of the Virginia General Assembly's 1786 first mention of the incorporation of Lynchburg; it became a city in 1852. In 1936, commemorative coins were not sold by the government—Congress, in authorizing legislation, usually designated an organization with exclusive rights to purchase them at face value and vend to the public at a premium. In the case of the Lynchburg half dollar, the responsible group would be the Sesqui-Centennial Association.
The year 1936 saw Congress authorize 15 new commemorative coin issues, and pieces authorized in prior years were struck again, dated 1936. That year saw a major boom in commemorative coin prices, and the new issues helped fuel the market. Some of these new issues, like the Cincinnati Musical Center half dollar, were controlled by insiders for private profit. The Lynchburg piece, on the other hand, would defray the cost of the anniversary celebrations, and was motivated by pride in the city and its history. Lynchburg was a supply center for the Confederacy during the Civil War; a Union attempt to take the city was beaten back in 1864 by Confederate General Jubal Early. In 1858, Carter Glass, later Secretary of the Treasury and a representative and senator from Virginia, was born there, and lived there in 1936.
Legislation
Glass introduced the bill for a Lynchburg Sesquicentennial half dollar in the Senate on April 8, 1936; it was referred to the Committee on Banking and Currency. On April 22, Alva B. Adams of Colorado reported it back to the Senate. In its report, the committee noted that the bill included the standardized language it advocated because of past commemorative coin abuses: including that they be issued by only one mint and no fewer than 5,000 at a time, have only one design, be struck within a year of enactment, and bear the date 1936 even if struck later. The committee recommended the bill pass.
On April 24, Adams brought the bill before the Senate, and moved that the authorized quantity of the coins be increased from 10,000 to 20,000. Both the amendment and the bill were agreed to without debate or recorded opposition. The bill then went to the House of Representatives where on 22 May, Virginia's Clifton A. Woodrum brought it to the floor. Robert F. Rich of Pennsylvania, a Republican, took the floor long enough to note that "this is, perhaps, the thirtieth bill of this kind to come in here this session of Congress. It is surely the beginning of Democratic inflation, and I warn the Members of the House to beware." Following laughter and applause, the bill passed without objection, and with the signature of President Franklin D. Roosevelt on May 28, 1936, became a law authorizing 20,000 half dollars.