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Overcharging for Proofs at the Mint? $1.60 for a Trade Dollar?!

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    Thank you for the copy of the letter. When Linderman responds he says "and struck on a hand ________". Can you decipher what that word might be from your vantage point.
    Thanks

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    CaptainBluntCaptainBlunt Posts: 180 ✭✭✭

    My guess…….press

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    RKKayRKKay Posts: 3,015 ✭✭✭

    @CaptainBlunt said:
    My guess…….press

    Definitely "press."

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    lermishlermish Posts: 1,938 ✭✭✭✭✭
    edited January 13, 2023 1:18PM

    This is very, very cool!

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    privatecoinprivatecoin Posts: 3,185 ✭✭✭✭✭

    If only I could travel back in time.... :D

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

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    The_Dinosaur_ManThe_Dinosaur_Man Posts: 838 ✭✭✭✭✭

    I like the difference in cost when paying in silver versus paper money. What does the $1.60 translate to in today's money, and how does that compare to the cost of buying a proof silver eagle?

    Custom album maker and numismatic photographer, see my portfolio here: (http://www.donahuenumismatics.com/).

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    johnny010johnny010 Posts: 1,088 ✭✭✭✭✭

    @The_Dinosaur_Man said:
    I like the difference in cost when paying in silver versus paper money. What does the $1.60 translate to in today's money, and how does that compare to the cost of buying a proof silver eagle?

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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    @privatecoin said:
    If only I could travel back in time.... :D

    .
    you know there are many prestigious ways to pick up some amazing stuff at certain times, contacting the mint, catching stuff at banks, being in politics, sticky fingers but i think i JUST may settle for dumpster diving the san fran mint between 1850-55. ;)

    that letter was pretty fun and funny (ironic?) to read.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Thanks for the history and pictures. The penmanship of those times always amazes me. Certainly a lost art as far as the general population. Cheers, RickO

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    RKKayRKKay Posts: 3,015 ✭✭✭

    @ricko said:
    Thanks for the history and pictures. The penmanship of those times always amazes me. Certainly a lost art as far as the general population. Cheers, RickO

    Scary. I think a lot of kids no longer read cursive. They take good pix with their phones, though. :s

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    slider23slider23 Posts: 638 ✭✭✭✭

    The reply letter was dated July 27, 1876. The coin was most likely a 1876 proof trade dollar minted before July of 1876 as no proof trade dollars were minted in July of 1876.

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    CaptHenwayCaptHenway Posts: 31,552 ✭✭✭✭✭

    What was the standard premium, and shipping if applicable, on a single Proof coin in 1876?
    I am sure that Mr. B could tell us.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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    MartinMartin Posts: 837 ✭✭✭✭✭

    @RKKay don’t worry the mint is making up now on markup

    Nice post

    Thanks
    Martin

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    RKKayRKKay Posts: 3,015 ✭✭✭

    @Martin said:
    @RKKay don’t worry the mint is making up now on markup

    Nice post

    Thanks
    Martin

    Thanks. I'm sure they're doing fine.

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    MS66MS66 Posts: 200 ✭✭✭

    @privatecoin said:
    If only I could travel back in time.... :D

    Indeed. If I could travel back in time, I think I'd stay there.

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    CaptHenwayCaptHenway Posts: 31,552 ✭✭✭✭✭

    I emailed Roger B. and he said that the premium on a Proof Trade Dollar was normally 25 cents, plus a few cents for shipping or 10 cents if you wanted Registered Mail. Sounds to me like the customer was overcharged, unless there was something else involved.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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    CaptHenwayCaptHenway Posts: 31,552 ✭✭✭✭✭

    Roger B. has provided me with additional Mint correspondence showing that at different times the premium on a Proof Trade Dollar was 25 cents, 50 cents or 75 cents. I suspect that they were charging whatever the market would bear.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

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