Is this the cheapest Lesher Dollar?
Zoins
Posts: 34,186 ✭✭✭✭✭
This sold for just $670 and I haven't seen any other Lesher in this range.
I was really hoping to pick up this one but unfortunately I got distracted and missed bidding. It was an auction I was looking forward to so it was a major bummer. Sometimes I tell myself I need to get a sniping account. I don't know when I'll get another opportunity in this price range!
This is pedigreed to Ron Lerch and formerly Chris Marchase. It is cataloged as HK-791a / Zerbe-5. It is in Adna Wilde's Lesher Census under Marchase but with no mention of Lerch (yet).
- https://www.ebay.com/itm/HK-791-1901-Lesher-Referendum-Dollar-Victor-Colo-Zerbe-5-AU-Details/353199309790?
- http://lesherdollars.com/census
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The damage probably kept the price down.
The graffiti scratched in at the bottom of the obverse combined with the black spots on the reverse depressed the price.
Yes, it's damaged but it's still much lower than others I've seen which start in the $3500 range.
Good price, but likely due to the graffiti .... looks like a date and initials....Cheers, RickO
Adna Wilde indicates the date is 3/25/28. I wonder that that date signifies. Perhaps the previous owners, Chris or Ron, would know? I also wonder if there's any history on this from Zerbe or others.
Here's the note from Adna's Census:
"Chris" is Bill Henderson's grandson so if there is any known significance to the date (extremely doubtful) it should be in Bill Henderson's notes and thus probably known to Wilde.
"Ron" won't be able to tell you anything. Friend "Lerchie" passed away a couple of years ago & any information he may have had (again very doubtful) was not included in the description by that auctioneer.
Good thoughts, but I’d wager this wasn’t in Bill’s collection and was added by Chris. Henderson-Marchase pieces are listed with both names in Adna’s Census but this one only lists Marchase, without Henderson.
Obviously the token has issues. In addition to the graffiti and edge cuts, there appears to be a major planchet flaw which runs from the lower left facet through the middle of the token and curving upwards to the mill building. Cleaning and ugly toning further degrade it. But that is still an attractive price ($670).
That's my thinking. As many issues as it has, it's still much ,much lower priced than others I've seen.
Also, as many issues as it has, the planchet is still flat, unbent and unholed, so not as terrible as some other non-Leshers I've seen.
There’s a g6 on eBay now that’s under a grand.
That's a new auction with a starting price of $899.00 so it will be interesting to see where it ends up.
It's very rare to see one that worn. I wonder how it was used.
Even at G6, it's just a POP 1/20.
https://www.ebay.com/itm/1901-Lesher-Dollar-Slusher-PCGS-G06/114423520570
The G6 failed to sell the first time at $899.
It sold in the second auction for $908 with 2 bids at a starting bid of $849.
It's the only one I've seen worn that low so it's an interesting piece.
the medal is damaged, badly. comparing it to a circulated medal isn't really a good comparison. it only says that maybe collectors would rather have a decent but worn medal vs. a high grade but damaged piece. it makes me think of the "one bad apple" adage. would you really want that dog in your collection??
this is a good example of the sig-line a forum member has which reads something like this --- "The bitterness of low quality will remain after the low price has faded."
medals like this are always a hard pass.
Given the thin bidding, I'm actually wondering if the G6 would have sold for less than the Marchase 3/25/28 piece if it had also started at a $2.99 bid.
There was a thread recently on how low will you go. For better or worse, I can go pretty low
Here's HK-131 where I have the top pop and perhaps the lowest of the low, but at least it looks like a brockage!
https://forums.collectors.com/discussion/1021972/1901-evacuation-of-boston-so-called-dollars-hk-131#latest
It also looks like perhaps the Marchase piece should have sold for $460 instead of $670 as it appears that the buyer may have been chiseled by a shill. The underbidder has been NARUed.
The G6 is Slusher #21 and isn't in Adna Wilde's census so here are the photos for posterity.
Even at PCGS G6, there are few specimens of this and it's just a POP 0/1/20 at PCGS.
https://www.pcgs.com/cert/80656492
Anyone know who is maintaining the census now and if it's still getting updates? I submitted a request to update "Heebler & Kappan" to "Hibler and Kappen" a while back but nothing has happened yet.