Prototype of 1st US dollar coins auctioned for $840k

Discussion in 'US Coins Forum' started by Dougmeister, Apr 26, 2021.

  1. Dougmeister

    Dougmeister Well-Known Member

  2. Avatar

    Guest User Guest

    to hide this ad.
  3. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Excellent article . Thanks for sharing ! :happy:
    Raymond Houser likes this.
  4. BRandM

    BRandM Counterstamp Collector

    Interesting story. I wonder how you would grade a coin like that...what's wear or damage as opposed to the flaws one could expect on a coin struck under such crude circumstances.

  5. Robert Ransom

    Robert Ransom Well-Known Member

    VF-30, 41 minting errors including soft rev. strike. :hilarious::hilarious::hilarious:
    BRandM likes this.
  6. Mr.Q

    Mr.Q Well-Known Member

    Interesting read, thanks for the post.
  7. BRandM

    BRandM Counterstamp Collector

    Sounds about right, Robert. Quite a challenge to grade a coin like that.

    Robert Ransom likes this.
  8. Robert Ransom

    Robert Ransom Well-Known Member

    In all seriousness, you would absolutely need the coin in hand to make any reasonable determination.
  9. johnmilton

    johnmilton Well-Known Member

    I had never seen really detailed pictures of this piece before and did not know that it was corroded. I did not know that it was found on the site of the first mint in the mid 1870s. I suppose the net grade of VF-30 is correct, but since it's unique, it really does not matter. It is an interesting piece of history.

    I don't know that the word "prototype" really applies. It's a pattern coin that was probably struck to see of the largest press the mint had at the end of 1794 could strike a dollar sized coin.

    As It turned out, it could barely do it. Dollar production was suspended until a larger press could be obtained circa June 1795.
    GoldFinger1969 likes this.
Draft saved Draft deleted

Share This Page