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Posted 09/02/2014 09:28 am
Unholyroller ... Not a blanket or general statement on my part but with regard to the production of counterfeits - I mentioned that because the lower silver value then made it more affordable for counterfeiters to mix some silver in with the pot metal. Thus, the cheaper silver would enhance the color of the counterfeits and give the fakes something of a "ring" which would then give the pieces a more legitimate look. It's clear that the Hard Times era saw a sharp increase in the production of these counterfeits, evidenced by the comparatively high ratio of CBH's to the then newer Seated Liberty design.
One of the reasons we have so many high grade CBH's today is that they generally didn't see much circulation in those early years. As specie coins, they were hoarded by banks and individuals who could afford to "sit" on silver these coins.
One of the reasons we have so many high grade CBH's today is that they generally didn't see much circulation in those early years. As specie coins, they were hoarded by banks and individuals who could afford to "sit" on silver these coins.
