LOT #1388 |
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1900 $1 Lafayette Dollar MS67 PCGS. CAC....
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Sold on Jul 31, 2009 for:
$77,625.00
Bid Source: Live: Floor bidder
Description
Spectacular 1900 Lafayette Dollar, Superb Gem
A Fabulous Condition Rarity
1900 $1 Lafayette Dollar MS67 PCGS. CAC. DuVall 1-B. A
nationwide campaign by American schoolchildren raised $50,000
towards the construction of the a statue of Lafayette by Paul
Wayland Bartlett, which was to be presented to France at the 1900
Paris Exposition. In 1899, Congress authorized 50,000 (plus 26 for
assay) commemoratives to be struck to cover part of the statue's
cost, but they had a difficult time selling the one dollar coins at
$2 each. Many were later spent or melted. It is interesting that
the engraver of the Lafayette dollar, Charles Barber--who was not
known for his modesty--featured Bartlett's name quite prominently
on the reverse below the statue. Anthony Swiatek and Walter Breen
speculate that this was actually done by Barber to show his
disapproval of Bartlett's design, and not as a concession by the
engraver.The present specimen is a superlative, awe-inspiring example of this popular, crown-sized early commemorative. Both sides are beautifully toned in a mix of sea-green, gunmetal-blue, gold, magenta, and crimson. The underlying surfaces exhibit vibrant, satiny luster that serves to highlight the powerfully impressed design elements. A careful inspection reveals only a few wispy grazes under magnification. The typical Lafayette dollar, an issue that was sold in great numbers to the noncollecting general public, is lightly circulated and often cleaned. Even a pleasing MS63 specimen can be difficult to find and would command a considerable premium. Superb Gem coins are of the utmost rarity and are cherished by serious commemorative collectors. Population: 5 in 67, none finer at either service (6/09).
From The Louis Bassano Collection of U.S. Commemoratives.(Registry values: N10218)
Coin Index Numbers: (NGC ID# BYKW, PCGS# 9222, Greysheet# 10321)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
View all of [The Louis Bassano Collection of U.S. Commemoratives ]
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 7,964
Buyer's Premium per Lot:
15% of the successful bid per lot.
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