LOT #5058 |
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1886 Eutopia Dollar MS63 NGC. HK-1005, R.8....
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Sold on Aug 7, 2014 for:
$2,937.50
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Description
1886 Republic of Eutopia So-Called Dollar
MS63, HK-1005, Rare Bimetallic Issue
1886 Eutopia Dollar MS63 NGC. HK-1005, R.8. Ex: John J.
Ford, Jr. A bimetallic variety with a small gold insert at the
center and a broad outer ring of silver. During the late 19th
century, the gold standard was backed by financial institutions,
while debtors, farmers, and silver miners wanted silver and gold to
trade at a fixed ratio. Nicholas Veeder of Pittsburgh devised the
Eutopia "dollar" as a solution to satisfy both sides, but his
efforts were ignored except by future collectors. A semiprooflike
piece with splashes of lavender toning across the silver outer
ring.Ex: Mayflower, 11/1974, lot 687; John J. Ford, Jr. Collection, Part 23 (Stack's-Bowers, 8/2013), lot 21342.
Auction Info
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago #1208 (go to Auction Home page)
Auction Dates
August, 2014
5th-9th
Tuesday-Saturday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,258
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