Options
So-Called Dollar 10K Club
Zoins
Posts: 33,863 ✭✭✭✭✭
I recently ran across this offer which got me thinking, how many So-Called Dollars are in the $10k (and above) club?
Now, this is an offer price, so there's no guarantee it will sell for this price, but just that it's priced at this level is something.
This one happens to be a HK-828 silver Pedley-Ryan dollar of which only 50 were minted.
The top pop Taft Dollar is one that is also nearing the $10k range.
Tagged:
0
Comments
By the way, Pedley-Ryan & Co. was an investment firm in Denver, Colorado.
Does anyone know the first names of Pedley and Ryan? Is there anything left from this company besides their medals, like brochures, envelopes, investment statements, etc.?
Here's a Capital Plastics holder for their So-Called Dollar medal set:
https://www.worthpoint.com/worthopedia/older-capitol-plastics-holder-pedley-3824079708
Here's the link for a new, related thread started by John @ScarsdaleCoin:
https://forums.collectors.com/discussion/1073540/scd-so-undervalued-in-todays-market-i-almost-don-t-want-to-post#latest
The "TYPE VII" is the one shown at the start of this thread. In the past I have seen them sell in the $5,000 range.
The "TYPE 2" version is also quite rare (reportedly 15 minted).
That holder, however, does not really represent a complete set. I have seen one "TYPE 4" that is uniface. And there is also a version counter-stamped "1929" (3 known).
What little I know about Pedley Ryan is that they were a commodities broker of some sort.
"Buy It Now" is very different from a completed sale. Is the price realistic?
That's the issue with offers as mentioned in the OP. Dan mentioned he's seen these sell for about $5,000, but this one is top pop 1/0, so it will be interesting to see what happens.
Of course, I've run across ones that have sold for much more now, like this one for $200k!
Good info Dan
It's really interesting that Types 1-4 use Arabic numerals while Types V and above use Roman numerals.
Also interesting that very little is known about this company. Seems like it's less than we know about Arthur Bolles Bumstead:
https://forums.collectors.com/discussion/1057844/arthur-bolles-bumstead-victor-colorado-grocer-and-lesher-dollar-issuer
FWIW, I have 32 records of auction sales of so-called dollars over $10K. Those consist entirely of:
I have fewer than 100 sale records between $5K and $10, and more than half of those are also Leshers or Erie Canal dollars.
If you take out the Leshers, the Erie Canals, and the gold pieces, there aren't many others that have sold for more than even $5K.
Good to know which ones see a lot of demand.
It will be interesting to know how many of those are owned by collectors of So-Called Dollars or just those particular pieces.
One interesting thought is what other items do Lesher dollar collectors collect, for example Pedley-Ryan dollars, Bryan dollars, Use Silver for Prosperity So-Called Dollars, or other So-Called Dollars.
I wish there was more information about Pedley-Ryan known. I haven't seen any printed material.
Of note, photos of all 3 "1929" specimens are now in the following thread. Thanks to Dan @dcarr for posting the Dan Carr and John Dean Specimen photos.
https://forums.collectors.com/discussion/1078627/the-j-o-pedley-ryan-type-iv-so-called-dollar-hk-825#latest