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1804 Bank Of England Dollar Questions

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Anaximander's Avatar
United Kingdom
709 Posts
 Posted 05/19/2013  2:07 pm Show Profile   Bookmark this topic Add Anaximander to your friends list Get a Link to this Message Number of Subscribers
A couple of days ago I was in my local antique shop ( who does me good deals on coins), when a man came in offering an 1804 Bank of England dollar. It was in VF or better and he wanted £500. Coin yearbook 2013 gives it as around £275.

I had a good look at it, but not being expert was not really sure what to look for. I saw a faint "ripple" on the obverse, which could have been part of the head of the old obverse from the Spanish dollar which provided the flan.

The rim of the coin was perfectly smooth all round, almost too perfect. I have some Spanish dollars and they have a pattern rolled into them. There was no trace of anything at all on the rim, which was beautifully smooth and flat all round. This worried me a little and I did not buy it, not even for the catalogue price.

What should be on the rim of one of these coins? Should there be a pattern or milling, or is it right being smooth?
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Sap's Avatar
Australia
16868 Posts
 Posted 05/19/2013  11:55 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The rim of BoE dollars "should" be plain. They used plain collars to enclose the Spanish dollar as it was being overstruck. In some cases, remnants of the original box-and-circle edge can still be seen, but only remnants.

I recall I had the same "that looks dodgy" reaction when I first saw the edge of a Bank dollar for sale in a local dealer here and was reluctant to pay the rather high asking price. He let me have it at a discount (since he wasn;t entirely sure, either) and I asked around at my local coin club; they verified with their own examples that the edge is indeed supposed to be plain.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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