1900 SC$ HK-788, Lesher, AB Bumstead MS(PCGS#19001)

1900 SC$ HK-788, Lesher, AB Bumstead MS (PCGS#19001)

November 2019 Baltimore Colonial Coins and Americana Auction

详细说明: 1900 Lesher or Referendum Dollar. Bumstead Type, First Reverse. Silver. HK-788, Zerbe-2. Rarity-5. No. 105. AU-53 (PCGS). Warmly and originally patinated, both sides are awash in blended dove, steel and golden-gray. Visually appealing with sharp detail throughout and an overall smooth, satiny texture. 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.'" Click here for certification details from PCGS.