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Good read from Greg Reynolds
tradedollarnut
Posts: 20,198 ✭✭✭✭✭
On the subject of 1804 dollar
7
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I like the fact that you alerted us to the article.
I don't like some of its content.
2013?
What ever happened to Greg?
Latin American Collection
Thanks for the link. I
Informative . . . . .lots here to interest the casual collector who does not know the intimate histories of the better pieces.
Drunner
Thanks - something good to read with the gin and tonic after work.
I miss Greg’s articles. Rarely go to CoinWeek any more - used to go like clockwork to read his newest. Whatever they were paying him, they should up it so he comes back
That was a great read. Thanks.
Greg Reynold's persective was special. I have never been a subscriber to Coinweek so I know of his posts mostly through this forum. In this forum he was vetted by some of the great numismatists and I loved reading the countervaling discourse,
I reached the peak of my numismatic knowledge when I was about 14 years old. And then I discovered tennis racquets. But I was an early subscriber to Coin World and was on Empire Coin (QDB) mailing list. I learned from these sources and thank them forall the information they shared. And I thank Greg Reynolds for sharing with us.
OINK
Excellent article... I had stopped subscribing to Coinweek when I relocated from the west to the east coast.... I still pick up the occasional copy from the bookstore. I probably should re-subscribe. Cheers, RickO
I wonder why only one of the six Class III 1804 Dollars shows no wear? All of these coins had to have cost their original owners more than its face value, and yet only one, the Linderman - DuPont piece is an unimpaired Proof. Could the owners have carred them as pocket pieces to show off to people?
I have noted the same thing with the most common 1836 Gobrecht dollars, J-60. Why weren't these pieces better preserved?
The Class III (restrike) 1804 dollars were ‘laundered’ in an attempt to give them legitimacy by their creators. Any wear on them was artificially induced prior to their sale
That is certainly a logical explanation. The lone Class II 1804 was struck over a Swiss Shooting Thaler. It is the only 1804 dollar that has a plain edge.
It is an “Uncirculated Proof” and said to be the finest example from reverse die that was used for the restrike 1804 dollars. Was it saved at the mint as an odd souvenir or was it confiscated from a clandestine 19th century dealer who offering it for sale from the “midnight mint?” Breen claimed that some of these coins were confiscated, but given his propensity to make up interesting stories, some have discounted these claims.
If it was a confiscated piece perhaps it was saved from the “laundering” before the original recipient was able to offer it.
The Class II pieces were an abortive attempt to profit from the 1804’s growing fame. Truly a midnight minter project without support from higher ups. When discovered, the pieces were hastily recovered. The project did form the basis for the more successful later endeavors, however.
The Linderman Class III specimen is pristine because it wasn’t sold. It was his ‘fee’ for allowing the restrikes and was found in his safe after he died.