Pedley-Ryan So-Called Dollars
Zoins
Posts: 34,283 ✭✭✭✭✭
Just ran across this HK-825 Pedley-Ryan Dollar counter stamped "J.O". I was intent to bid on this but was too busy and forgot to bid. Oh well! Anyone familiar with this one and what "J.O" may stand for? Do any other counterstamps exist?
Post any Pedley-Ryan So-Called Dollars in this thread!
Photos courtesy of 2plus2befour.
3
Comments
The "J.O" font is significantly different than the other marking. It could be a vintage marking with some meaning, or just an owner's initials added later (most likely the latter).
But the only extra-marking variety that I know of that has auction records from many years ago are the (three known) examples with "1929".
Here is mine, with the label that came with it:
@dcarr
Great info. I only have one relatively common Pedley-Ryan but I am fascinated by them and the story. Those are some hefty prices for 1967.
Nice piece of silver. No idea on the initials. Cheers, RickO
Very nice info Dan @dcarr.
Here's a transcription of Norma B. Painter's letter to Al Overton. It's nice that the letter is signed "Norma B. Painter" vs. simply "Ken Painter's wife".
The lot description says there are 3 known specimens from the Ajax Iron Works safe, but Norma says she believes there may be more. With Dan's specimen we might have the 3 known specimens now.
No idea on the initials, but like dcarr said, it could simply be someone stamped their own name here.
This is another variety with added business name:
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
It could certainly be done after leaving whoever stamped these for Pedley-Ryan.
It's nice that it's straight graded with the counterstamp note on the piece.
Here's some info on the Robbins pieces:
I like this error piece found on CoinFacts
@Zoins
I love counterstamped coins for the personal connection that takes place. The owner actually attached his own history to these discs of silver, giving us a story to ponder beyond the original intention. Now when I see these, I will always think of the man sitting in his shop window stamping his name into these rounds and his customers buying them up.
300 issued?
I would guess there are far fewer today, most likely only a dozen or so.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Agree a personal connection is great!
In this case of Pedley-Ryan, it was a girl that did the stamping. I wonder if "J.O" could be her initials which would be wonderful.
The following is from HK, which doesn't indicate the girl's name but it would be great to identify.
Yes, it would be great to know who her husband or father was.
I love these things. I bid on my first one recently (a standard one) but it went for ten times my high bid.
I'll have to learn more about them so I can strategize on obtaining one.
What are they really? Bullion rounds? Political statement? Private currency?
They are somehow reminiscent of the Lesher Dollars that came before and the Liberty Dollars that came after.
Specimens #1 and #3 may be the same.
I personally know of two: mine and another that I will call the John Dean specimen.
The "Pedley-Ryan & Co / DENVER" was applied to these as a single stamp. But on some stampings, if the punch was tilted, the word "DENVER" may be weak or missing. This accounts for HK-826 (which I consider to be a stamping error and not really a variety). On all examples of HK-826, the letters of "Pedley-Ryan & Co" are more-heavily-impressed at the top, and fade as you go down. Thus, the "DENVER" part was completely missing.
Another thing that can happen is when the punch was tilted on the initial stamping and "DENVER" is missing, the punch can be tilted the opposite direction to apply just the word "DENVER". In such a case, "Pedley-Ryan & Co" will be stronger at the tops of the letters, and "DENVER" will be stronger at the bottoms of the letters. Also, the baselines of the text might not be parallel if each part is applied separately.
I believe that is what happened on my specimen:
The punch on the John Dean specimen was not tilted and so the lettering depth is consistent and the baselines are parallel:
Yes, that is another added-stamp variety. That one is fairly well-known and is listed on the So-Called Dollar reference. I was commenting on "unlisted" marking varieties.
The font on the "Robbins" part is not exactly the same as the rest, but it is similar in style (just stretched horizontally a bit).
The "Robbins" die survived and still exists (I have seen it). I believe that it was made by Sachs-Lawlor in Denver, along with all the other Pedley Ryan punch dies,
Here's a good resource.
Pedley-Ryan Dollars
Mine was of this style.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
I see that on the low Robbins the Pedley is a little higher than center/middle.
Curiouser and curiouser!
I just found this one which sold on Great Collections in 2019.
This one looks different from both the Dan Carr and John Dean Specimens, so now we have photos of 3 specimens! I wonder if there are any more, or if all 3 of these can be considered to be from Norma B. Painter?
Diagnostics include:
Also of interest is that the punches used look like a "T" followed by "929" where the "T" may be a stand in for a "1".
This one is from @JRay123's reference and cataloged Raymond-387b:
https://www.socalleddollar.com/akOther.html
As somebody who owns a few sets of letter and number punches, I know the temptation to use them........
https://forums.collectors.com/discussion/comment/8509081#Comment_8509081
Do you mean Ken Painter's wife?
To me or looks like an upside-down "1".
For that matter the 9s almost look like upside-down 6s. (Frequently the 9 and 6 are the same character or punch, but these 9s look a little odd).
My first instinct as well. Lesher made his dollars in Victor, Colorado--which is only about 100 miles away from Denver where the Pedley-Ryan dollars were created. I seem to recall that even at their release, the Lesher dollars were popular local collectibles (Lesher actually called them a "souvenir" on the reverse). It seems certain that they were known to the Pedley-Ryan Investment House.
Incidentally, my Pedley is just about 90 degrees rotated
--Severian the Lame
I was actually the auction winner of this item. I’ve checked with both John Dean, as well as Jeff Shevlin. Both have explained they are not aware of any history behind the piece but advised its certainly fascinating. With that said, I think it’ll be a great addition to my Pedley Ryan collection. It’s not often these are even graded by NGC. I imagine it’s potentially unique. I clearly paid a slight premium on it. However, as the new owner of this piece, I would love to know any history on it, as well. Maybe something is out there!
Thanks for starting this thread. Was happy to have stumbled on it doing research.
Congrats and thanks for posting! It's great that you picked it up and are in discussion with Jeff and John! You would have had some more competition if I remembered to look at the auction but I'm glad you won it and are posting!
Will you be going to Jeff's So-Called Dollar Gathering this year?
I don't know anything about this piece but it's certainly interesting which is why I started this tread. Already in this thread, we have photos for this piece and 3 specimens of the 1929 piece so that's very cool. Hopefully more information will show up!
Since there are so many Pedley-Ryan dollars in this thread, I renamed this thread to cover them all!
Keep them coming
Here's some info for "Robbins on the Corner":
https://www.so-calleddollars.com/Events/Pedley_Ryan_Dollars.html
Here's their building in Colorado Springs which is now inhabited by the Thirsty Parrot. Anyone visit the Robbins Corner building? If you have or do, please take and post some pics. Would be a great side trip for ANA Summer Seminar!
https://gazette.com/life/walking-tour---historic-tejon-street-between-colorado-and-platte/article_da3ba8d2-3682-5591-9a7e-72611e5ae3f3.html
Here's a photo from the Gazette:
Here's the Robbins on the Corner building today via Thirsty Parrot from Yelp!
According to FindAGrave.com, the Robbins on the Corner store was run by the following members of the Robbins family. This conflicts with Hibler and Kappen which mentions the store was run by "Bertram Robbins and his son Bertram Robbins, Jr.". According to the timelines provided by FindAGrave.com, the So-Called Dollars were likely done by Merton Melville Robbins and Bertram James "Bert" Robbins. The older Bertram died in 1913 so could not have been around when the medals were ordered/struck in 1929/1933.
Here's a photo of Bertram G. Robbins who named the store "Robbins on the Corner". The store was founded by his father.
@Zoins I appreciate the warm welcome and happy to be part of the discussion. I’m relatively new to the forums but have been collecting for years. You are indeed correct regarding the competition. As mentioned previously, I certainly paid a premium on this piece but feel it wasn’t “outrageous” for what it is and what it could potentially be if we are to learn more about it.
John Dean mentioned having submitted a counterstamped Pedley Ryan or two to NGC, both of which were rejected. So, my question then becomes: why was this straight graded? Could NGC know something about it or was it simply luck of the draw with the grader? I’m not entirely sure there’s a way to answer that question. — As for the 1929 examples, I had absolutely no prior knowledge about those so that alone was amazing to learn. Thanks for sharing @dcarr
In either case, thanks so much for providing such in-depth Robbins info, @Zoins. Absolutely fascinating. I own an HK-827, but not the HK-827a. I’d love to add one to my collection one day.
This is certainly an excellent community for resources and information. I’m sure I’ll be finding myself on here more and more often, particularly as an avid Colorado collector!
This may be a long shot; however, John Dean has mentioned several medals in his collection were formerly presented to US Senators. What stands out is him mentioning an HK-337 in his collection that was presented to Thomas Walsh, a US Senator from Wyoming. With that thought in mind, I researched all the US Senators from the 73rd US Congress (1933-1935) for the initials “J.O.” Two stood out in particular:
Interesting one was indeed from Wyoming, just as John Dean mentioned (although different time periods).
Of course this is purely speculation. However, knowing medals such as this were indeed presented to Senators, it’s not out of the question to think this was possible.
No problem! The more the merrier! Definitely lots of questions around this piece which makes it very interesting.
I'm not sure why John's wouldn't grade but yours would. It would be interesting to see photos of them.
NGC staff doesn't post here but they do have their own forums.
Yes, that is great info from Dan! It's amazing to have the old letters from Dan as well!
Definitely hang around!
That is very interesting.
It would be interesting to find someone from Colorado or some indication that Pedley-Ryan was operating in Wyoming or Florida.
I checked the Governor and Lieutenant Governor of Colorado from that era and neither have J.O as initials.
I also bid on the J.O. Since it was interesting that it was graded. I have been collecting Pedley Ryan for over 30 years and now have over 200. Just retired so now I plan to organize and study them. Most interesting one I have has just the 1933 info on one side and blank on the other. I did not know about the 1929 so congrats. for those who have them. Always wondered why some have the compressed rim on one side and others do not. What is a good coin show to attend that has Pedley and Bryan dollars. I am in NC and now free to travel. Thanks in advance.
Mine was a little different and more rare at the time for having "Robbins On The Corner" on it below Pedley. If it was faked(15 years ago) NGC was fooled by it.
Jim
EDITED TO ADD: sorry, I did not realize I had posted to this a while ago. My bad.
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Glad to know you were bidding and welcome to the forums! It's cool that you have a uniface specimen.
A great thing about these forums is that we can all get together and share information here. I also did not know about the 1929 specimens until Dan posted them but quickly found the 3rd specimen on GC>
There was a uniface one on eBay a couple years ago. A good friend of mine told me about it. But he said that he was bidding on it. I didn't want to step on his toes, so I did not bid on it. I told him how much I would bid for it, or how much I would pay him for it. But for some reason he bid less than that and it sold for a fair amount less than I would have paid him for it.
@dcarr thanks for sharing. That’s very humble of you, especially when it comes to such a rarity. I have “never” seen a uniface Pedley-Ryan. I can only imagine what one is worth, not to mention the sheer rarity. Thinking on that, I’m curious if it’s unique. — Does the closed eBay listing still exist regarding sharing a photo?
@jesbroken, this is indeed a confirmed variety. It’s listed in the Hibler-Kappin So-Called Dollar guide. I own the variety with Robbins above. If you’d ever be interested in selling (assuming you still own it), please DM me! 😃
Is the uniface version that you have silver?
My US Mint Commemorative Medal Set
About the supposed "1929" counterstamp, has anyone ever considered that it is the letter "I" followed by "929" and not the number "1929" as believed?? I find it strange that someone took the time to counterstamp these and had the punches to do it, but although they had a 9 and 2 they couldn't come up with a 1 and used a letter I punch instead.
I just find that strange.
.
Kind of like the "1" in the 1960 counterstamp below.
Z
.
.
Busy chasing Carr's . . . . . woof!
Successful BST transactions with: Bullsitter, Downtown1974, P0CKETCHANGE, Twobitcollector, AKbeez, DCW, Illini420, ProofCollection, DCarr, Cazkaboom, RichieURich, LukeMarshall, carew4me, BustDMs, coinsarefun, PreTurb, felinfoal, jwitten, GoldenEgg, pruebas, lazybones, COCollector, CuKevin, MWallace, USMC_6115, NamVet69, zippcity, . . . . who'd I forget?
Wonder if it's 92.9% silver?
The listing is long gone. I should have saved pictures, but I did not. The final winning bid was about $1,600.
I think some early character punch sets lacked a "1" and it was expected that people to use an "I" instead. Or, it is very possible that the "1" punch was damaged and the only thing close was an "I".
On the "I929" counter-stamp, it appears that the lower right serif of the "I" is partially missing. Perhaps someone tried to convert an "I" to a "1" by grinding off one serif, but they did the wrong serif because they would have been looking at the punch itself (which is backwards from the impression that it makes).
Do you recall which side was struck?
Hey all — a second “J.O.” example was just posted on eBay and is up for auction. Now I’m a bit confused. That’s 2 examples that are now confirmed. Both graded by NGC.
Same seller, as well. Could this be a true variety now that 2 examples have come up for auction?
I purchased on eBay several years ago and it was $1,600.
Bought this one many years ago at an estate sale in DC.
I remain skeptical that the "1929" punching is anything other than post-1933 graffiti, such as I could do myself with the number punches I own, but I admit that I "know" nothing.
Ditto with the "JO" counterstamps. If it said "TD" I would suspect myself, but it does not.
TD
.
.
I for one, would be in for a TD counter-stamped Pedley-Ryan . . . . .
Z
Busy chasing Carr's . . . . . woof!
Successful BST transactions with: Bullsitter, Downtown1974, P0CKETCHANGE, Twobitcollector, AKbeez, DCW, Illini420, ProofCollection, DCarr, Cazkaboom, RichieURich, LukeMarshall, carew4me, BustDMs, coinsarefun, PreTurb, felinfoal, jwitten, GoldenEgg, pruebas, lazybones, COCollector, CuKevin, MWallace, USMC_6115, NamVet69, zippcity, . . . . who'd I forget?
.
Yes, that is the one my friend was bidding on but he bid less than the amount that I told him to bid.
Anyway, please send me a private message if you decide to sell it
.