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Interesting counterstamp 5 Dollar gold coin

Coin FinderCoin Finder Posts: 6,953 ✭✭✭✭✭

I wonder if this was done at the US Mint? I read somewhere that they punched a L into coins that were “light”…. However this practice began in 1886 but I bet it didn’t last long…I found it in a new your times article published July 23rd, 1886….

Anyone have any info?


Comments

  • ashelandasheland Posts: 22,671 ✭✭✭✭✭

    It definitely appears to be a contemporary stamp, very interesting coin! Sorry I can’t be more help.

  • CaptHenwayCaptHenway Posts: 31,529 ✭✭✭✭✭

    It was probably not done at a Mint, as said Mint would have just thrown it into a melting pot. More likely it was marked at a sub-Treasury or an Assay Office to prevent it from being re-issued. Why it was not forwarded to a Mint to be remelted we will never know.

    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.
  • The_Dinosaur_ManThe_Dinosaur_Man Posts: 836 ✭✭✭✭✭

    I like the coin! I look forward to hearing what else can be said about it.

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

  • zer0manzer0man Posts: 34 ✭✭✭

    I have heard it told that some gold was stamped with an "L" when measured under weight. Why it was not melted I am not sure.

    DOG acolyte

  • OmegaraptorOmegaraptor Posts: 527 ✭✭✭✭✭

    Given that it is from San Francisco there is a chance the stamps could have been done at an assay office if the coin is indeed light. Have you weighed it?

    BTW - that's a rare piece! I think there are fewer than 100 known of this date/mm.

    "You can't get just one gun." "You can't get just one tattoo." "You can't get just one 1796 Draped Bust Large Cent."

  • Coin FinderCoin Finder Posts: 6,953 ✭✭✭✭✭

    It is very slightly underweighted but maybe that wear…

  • jwittenjwitten Posts: 5,075 ✭✭✭✭✭

    I’ve had several $2 1/2 stamped with the L, but haven’t seen many $5 with it. I like it!

  • ZoinsZoins Posts: 33,811 ✭✭✭✭✭

    @zer0man said:
    I have heard it told that some gold was stamped with an "L" when measured under weight. Why it was not melted I am not sure.

    Does "L" mean Lightweight?

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Interesting, I have heard/read of the L stamp, but never multiple L stamps.... That makes me think it may not be original... JMO... I have no evidence to support that. Cheers, RickO

  • zer0manzer0man Posts: 34 ✭✭✭

    @Zoins said:

    @zer0man said:
    I have heard it told that some gold was stamped with an "L" when measured under weight. Why it was not melted I am not sure.

    Does "L" mean Lightweight?

    That is what I understood it to mean, yes.

    DOG acolyte

  • zer0manzer0man Posts: 34 ✭✭✭

    Here is a past thread where similar markings were discussed: link.
    Forum members 10000lakes and burdell were able to find info stating the "L" marking was done to indicate coins below legal weight. Why they simply were not melted is a mystery to me.

    DOG acolyte

  • oldabeintxoldabeintx Posts: 1,620 ✭✭✭✭✭

    I think you have something special there. A great piece of history on multiple counts.

  • coinkatcoinkat Posts: 22,762 ✭✭✭✭✭

    Interesting... I have an L on a BOE Dollar from 1804... something that has the look of intrigue but nothing in terms of facts that I have uncovered to explain the circumstances

    Experience the World through Numismatics...it's more than you can imagine.

  • philographerphilographer Posts: 1,310 ✭✭✭✭✭

    @zer0man said:
    Here is a past thread where similar markings were discussed: link.
    Forum members 10000lakes and burdell were able to find info stating the "L" marking was done to indicate coins below legal weight. Why they simply were not melted is a mystery to me.

    There is also another old thread on this topic for those who are interested:

    https://forums.collectors.com/discussion/comment/12680908#Comment_12680908

    He who knows he has enough is rich.

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