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I'd be interested in knowing how the coin was promoted, how someone would obtain one.
I'd be interested in knowing how the coin was promoted, how someone would obtain one.
The Lafayette Memorial Commission (LMC) released a letter/notice to the press in late November 1899 that was picked up by hobby publications (e.g., the ANA's The Numismatist) and general media newspapers across the country. The notice provided ordering instructions for those interested. Orders were directed to the Secretary of the LMC c/o Chicago's American Trust & Savings Bank. Initially the LMC handled the mail orders for the coin, but later passed the fulfillment responsibility to AT&S Bank as it became more engaged in its activities for the 1900 Paris Exposition. The coins were sold for $2.00 each.
Coins could also be ordered through one's local bank in many cases; the bank would then forward the order, along with others it had received, to the LMC.
About 2,000 of the coins were sold at the Paris Exposition. A much higher sales figure was expected by the LMC (i.e., 10,000+), but did not materialize. Thus, domestic sales of approximately 34,000 coins accounted for the balance of those sold - the Lafayette dollar had a net mintage of 36,026 (including the 26 assay coins).
Hope that answers your question!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
06/24/2021 09:21 am
06/24/2021 09:21 am



















