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 Replies: 10 / Views: 1,367 |
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Pillar of the Community
United States
4883 Posts |
See: http://www.ebay.com/itm/1802-DRAPED..._1477wt_1153Is it possible that this is a restrike, and is there any way of telling even if it was? Would it certify differently if it was? And, oh yeah, did this really need a CAC sticker? Now I don't know for certain that this indeed ought to be one, but many true seven figure coins are there? Is it a short enough list that anyone here would want to take that on? I know, too many questions.... Colligo ergo sum
Edited by Lucky Cuss
03/28/2015 9:09 pm
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Moderator
 United States
23522 Posts |
There's a sort of semantic difference about these novodels from other "unauthorized" strikes having to do with the level of management participation. It was more a systematic thing, semi-official in that it seems there was a plan and nobody snuck around.
None were struck near their date. They first appeared in 1876 in the hands of a prominent dealer, looking freshly struck and using an edge design beyond the technology of 1802.
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Pillar of the Community
 United States
4883 Posts |
So am I to understand that all "proofs" bearing this date would have been struck at a later time? That wasn't clear from the (meagre) source materials I have regarding this issue, although I was aware that "proof" strikes per se were not part of the mint's repertoire this early on.
Colligo ergo sum
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Bedrock of the Community
United States
17884 Posts |
Yes, the dies for the 1801, 02, and 03 proof bust dollars were probably made around the same time as the dies for the 1804 dollar but were left undated. Later around 1858 when they began making the restrike 1804 dollars the unused dies were dated with the 01 to 03 dates, paired with the rev die used on the original 1804 and used to strike a few proof plain edged bust dollars. (The class II 1804 dollars probably came a little later because by that time the original rev die was apparently no longer available.)
The proof bust dollars were struck with plain edges but once complaints began over the restriking of the 1804 dollar the coins were then lettered post-strike. (All of the coins were struck in close collars. If the planchets were lettered before striking the collar crushed the lettering. This is seen on all the original 1804 dollars and the restrike proof 1834, 35, and 36 bust halves. The class III restrike 1804 dollars and the proof 01, 02, and 03 bust dollars do not show crushed edges.
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Valued Member
Canada
79 Posts |
Seems like an awful huge number for a restrike. Regardless of the prestige of owning a coin this valuable, the fact that it wasn't actually struck in 1802 would make me feel almost like I was buying a counterfeit. Anyone else feel the same way?
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Bedrock of the Community
United States
17884 Posts |
Do you feel the same way about the 1804 dollar? The "originals" were struck in 1834, and the class II and II around 1858.
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Valued Member
Canada
79 Posts |
Conder101, because I do not collect the series at all, I guess it would bother me a little knowing that. Obviously I would love the opportunity to afford such a coin, but I would honestly put my money into other coins that appeal to me. For that price, I could complete my Seated Liberty Half collection!
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Valued Member
United States
212 Posts |
Free shipping? I'll take it
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Pillar of the Community
United States
1704 Posts |
All of the OP's questions would have been answered if he had read all of the information provided in the sellers' description.
Myself, I would not buy this coin at any price. I would want to own an example of one actually struck in 1802 in a circulated grade.
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Moderator
United States
23522 Posts |
My post above came directly from the auction copy.
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Bedrock of the Community
United States
17884 Posts |
And it's correct. The true close collar technology was not available in 1802, and all of the 1801,02,03 and class III 1804 dollars (With the possible exception of the Linderman 1804) trace their pedigrees back to Philadelphia dealer William Idler. (and even in the case of Linderman;s coin he claimed he had purchased it and had to pay it off in installments. So it may have come from Ilder as well. More likely though is that Idler got the coins from Linderman and he invented the payment story.)
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Replies: 10 / Views: 1,367 |
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Posted 03/28/2015 7:27 pm
