The "Double Standard" Richard M. Nixon Coin: A Legacy of Controversy and Value The "Double Standard" Richard M. Nixon coin is not a real\, officially issued coin. It is a nickname given to a 1974 commemorative half dollar\, issued by the United States Mint to commemorate the 200th anniversary of the birth of George Washington. However\, its significance lies in its historical context and the controversial figure it represents. The coin itself features a portrait of George Washington on the obverse and the Washington Monument on the reverse. While the coin is not inherently valuable due to its common nature\, it has garnered notoriety due to its association with President Richard Nixon\, who resigned from office in 1974 amidst the Watergate scandal. Understanding the “Double Standard” The term "Double Standard" comes from Nixon's famous quote: "If the President does it\, that means that it is not illegal." This statement\, made during a 1972 interview\, encapsulated Nixon's belief that he was above the law. This sentiment resonated with many Americans\, particularly after the Watergate scandal revealed the extent of Nixon's illegal activities. The 1974 commemorative half dollar\, released just months after Nixon's resignation\, became a symbol of the perceived double standard in American politics. Some saw the coin as a reminder of Nixon's abuse of power\, while others saw it as a symbol of national resilience and a reminder of the importance of holding leaders accountable. The Coin's Value and Collecting While the "Double Standard" Richard M. Nixon coin is not officially valued differently from other 1974 George Washington commemorative half dollars\, its historical significance has led to a certain degree of collectible interest. Collectors interested in the coin's association with Nixon and the Watergate scandal might pay a premium for a coin in excellent condition. However\, it's important to note that the value of this coin is largely driven by its historical context and collector demand\, rather than its intrinsic metal value. Factors Affecting the Value of the Coin: Condition: As with any collectible\, the condition of the coin greatly affects its value. A coin in uncirculated condition\, with minimal wear and tear\, will be worth more than a coin that has been heavily circulated. Rarity: While the 1974 George Washington commemorative half dollar was produced in large quantities\, coins with unique or interesting features\, such as misstrikes or variations in the design\, can be more valuable. Historical Significance: The coin's association with Nixon and the Watergate scandal adds to its historical value and potential collector interest. How to Identify a 1974 George Washington Commemorative Half Dollar If you believe you have a "Double Standard" Richard M. Nixon coin\, it's important to accurately identify the coin to determine its value. Look for the following features: Obverse: Portrait of George Washington. Reverse: Image of the Washington Monument with the inscription "George Washington Bicentennial 1732-1932". Edge: Reeded edge. Metal: Silver\, with a composition of 40% silver and 60% copper. Tips for Collecting and Investing in Coins If you are interested in collecting the "Double Standard" Richard M. Nixon coin or other historical coins\, consider these tips: Research: Learn about the coin's history\, significance\, and value. This will help you make informed decisions as a collector. Start small: Begin with affordable coins in good condition. As you gain experience and knowledge\, you can expand your collection. Condition matters: Always examine the condition of a coin before you purchase it. Look for signs of wear\, scratches\, or other damage. Be aware of fakes: There are many counterfeit coins on the market. Be sure to buy from reputable dealers or sources. Consider grading: If you are serious about collecting\, consider having your coins graded by a professional service like PCGS or NGC. This will provide you with an objective assessment of the coin's condition and value. FAQ: Q: Are there any other coins associated with Richard Nixon? A: While there aren't other officially issued coins directly featuring Nixon\, some rare proof coins and Presidential dollars might have collector interest due to their association with his presidency. Q: How much is a 1974 George Washington commemorative half dollar worth in average condition? A: In circulated condition\, it's generally worth around its face value of 50 cents. However\, the value can vary depending on the coin's condition and demand. Q: Where can I buy a "Double Standard" Richard M. Nixon coin? A: You can find these coins online through reputable coin dealers\, auction sites\, or even at coin shows. Q: What are some resources for learning more about coin collecting? A: The American Numismatic Association (ANA) offers excellent resources for both beginners and experienced collectors. Conclusion The "Double Standard" Richard M. Nixon coin\, while not a unique or officially designated coin\, carries a significant historical and political weight. It serves as a reminder of the events of the Watergate era and the complexities of American politics. While its value is not driven by its metal content\, its historical significance and collector interest make it an intriguing piece for anyone fascinated by the history of the United States. Remember that collecting coins is a journey of exploration\, history\, and investment. By researching\, seeking out reputable sources\, and understanding the value of condition\, you can enjoy the fascinating world of numismatics and appreciate the story behind each coin you acquire.