Cartwheels - Cartwheel Effect on Coins
Cartwheels and the cartwheel effect on coins is defined on this coin terms glossary page.
Coin Defined - What is a Coin?
cartwheels A name given to British pennies and later to Morgan Dollars because of their wide rims. certified coins/certified banknotes A name given to coins or paper money graded by a third party authentification and grading company.
cartwheels like the Morgan and Peace dollars. Its authorized fineness differs, too, but its actual fineness doesn't, because of some curious doings at the Mint.
Even as the numismatic hobby underwent rapid growth beginning in the 1930s, interest in other collecting areas far outpaced the attention paid to the large Morgan cartwheels.
Anyone could have substituted other cartwheels for their 1964-D samples. Therefore, it is not surprising that Barry Krause and other writers continue to theorize that 1964-D Peace Dollars do exist. However, the law prohibits their possession.
Their large distinctive raised rims were reminiscent of cartwheels and they were nicknamed accordingly.
In 1797 George III contracted Matthew Boulton of the Soho mint in Birmingham to produce large two pence and penny coins known as "cartwheels," because of their wide extruding rim.
Bland-Alison led to the overproduction of silver dollars, resulting in millions of these unused "cartwheels" languishing in bank and Treasury vaults.
 See also: Coin, Cartwheel, Dollar, Mint, Numismatic
  
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