LOT #29554 |
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1900 Bumstead Lesher Dollar....
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Sold on Sep 18, 2008 for:
$1,955.00
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Description
Scarce HK-788 1900 Lesher "Referendum" Dollar
1900 Bumstead Lesher Dollar. Zerbe-2, HK-788, Bumstead Type One Reverse. Silver, 35 x 35 mm, 30.4 gm. An eye-appealing survivor from an estimated private mintage of only 210 pieces. These peculiar pieces were issued at the turn of the century by Joseph Lesher, a Colorado mine owner and advocate of silver as a key commodity in the U.S. economy. To promote his free coinage of silver sentiment, he had dies made and silver 1-ounce souvenirs struck. Even though each of Lesher's "coins" only contained about $0.65 worth of bullion, he promised to redeem them at $1.25 per unit, which was also his selling price. The idea never reached Lesher's expectations and, as such, he discontinued his enterprise the following year. As a result most of the Referendum dollars are today scarce, or even rare. The current example is stamped "564" with a period after the number. Dove gray patination intermingles with subdued electric-blue toning on both sides of this Choice AU so-called dollar. A minuscule rim tick on the lower-left corner (date side) is noted only for the sake of accuracy.Auction Info
2008 September Long Beach, CA Tokens & Medals Signature Auction #1100 (go to Auction Home page)
Auction Dates
September, 2008
17th-18th
Wednesday-Thursday
Bids + Registered Phone Bidders: 25
Lot Tracking Activity: N/A
Page Views: 903
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