1900 SC$ HK-787 MS(PCGS#19000)

Winter 2022 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

3055

等级

MS62

价格

25,424

详细说明

1900 Lesher or Referendum Dollar. First Type. HK-787, Zerbe-1. Rarity-6. Silver. No. 67. MS-62 (PCGS). 35 mm, octagonal. Phenomenal quality for a type that is elusive in all grades, this is also a handsome piece with marbled steel-gray and sandy-gold patina. Direct viewing angles call forth more vivid cobalt blue and reddish-apricot iridescence that further enhances the eye appeal. Sharply struck with a lively satin to semi-reflective finish. The following is from the December 1900 issue of monthly bankers periodical "Dicker man's United States Treasury Counterfeit Detector 'REFERENDUM' Dollars." -- A Victor, Col., dispatch to the Denver Evening Postsays: "A unique enterprise has been established in Victor by Joseph Lesher, a Colorado pioneer and silver mine owner. He has procured a die, laid in a supply of silver bullion, and manufactured several silver coins, each containing one ounce of pure silver. He calls his coins 'referendum' dollars, because they are to be referred to the people for acceptance or rejection. Mr. Lesher proposes to demonstrate that the 'intrinsic value' theory is a delusion and a snare. His silver at the present quotation costs him 65 cents per ounce, the expense of coining is 15 cents -- 80 cents in all, but he values his dollars at $1.25, and intends to keep them above par. Although he is confident that the silver alone is really worth $1.29 an ounce, he admits that other people may be prejudiced: therefore he promises to pay $1.25 in United States money on demand for each 'referendum dollar.'" HK-787 was the first type of Lesher dollar issued, and a mere 100 were struck and distributed. Published at the lesherdollars.comwebsite, Adna Wilde's survey states that 50 examples are known for this type, and most are in lower grades than seen here. This one is engraved with the number 67 near the lower reverse border, and is included in the Wilde census. A great way to start collecting these popular pieces is to obtain both rarity and high grade, and this one certainly has both. Provenance: Ex Michael; Salony. Click here for certification details from PCGS.