My 1900 Mint Set
Private
Updated:
10/12/2025
Views: 522
1900 was a threshold year. The modern world was taking root. Telephones, electricity, and the automobile did not yet dominate in our world. Statistical analysis was becoming more useful with Edgeworth and Spearman leading the way. Teddy Roosevelt was about to lead a charge on what he thought was our old, ugly coinage. The world had more than doubled our knowledge in the last century, and our economic system was about to demand something far more liquid than coinage to lubricate the explosive growth we were about to witness -- The Federal Reserve was more than a decade in our future. 1900 is that "bright line" year in many ways.
1900 was also the year that L. Frank Baum, pictured on the left published the "Wonderful Wizard of Oz," the first of fourteen books featuring the Land of Oz. Henry Littlefield suggested that these writings were an allegory for the monetary policy of the time and the controversy over bimetalism. Hugh Rockoff went so far to suggest that the Land of Oz used the abbrevation for ounce, in which gold and silver are measured as the title for the place in which novels were set, "Oz." Of course the Yellowbrick road was gold -- or so the interpretation goes.
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