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From Jay Roe Collection BG-1208 1872 "TOKEN" Round $1 Rarity-6 Indian Head. MS-63 (PCGS).

Sold for $7188 at the Bowers and Merena Auction in the "Jay Roe Collection Sale" in September 2003.
Sold for $6497.50 at the ANR Auction in Baltimore in December, 2004.

Note: Prices down nearly 10% from the superheated Jay Roe Collection auction!

B&M's description and pictures:

The plate coin for the second edition of Breen-Gillio. Brilliant, honey-gold lustre on deeply mirrored surfaces. The only coin in the entire series of small denomination California gold that bears the word "TOKEN." This word was most likely added in reaction to the arrest of makers Hershfield and Mitchell in August 1871 for violating the Private Coinages Act of June 8, 1864. Eventually, the prosecution was abandoned and business returned to normal, as evidenced by the large number of varieties issued between 1871 and 1883. Thus, this piece has special appeal to collectors of this series because of it's wonderful story.
Maker: Christopher (Christoph) Ferdinand Mohrig.

Edge: Crudely reeded.

Obverse: Same as BG-1207.

PCGS Population: 4; 1 finer (MS-64).

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Then this is ANR's description and pictures:

DESCRIPTION

1872 Round $1. BG-1208. Rarity-6-. MS-63 (PCGS).

Sparkling yellow gold with deep mirror fields and frosted motifs that display heavy splashes of gold and olive iridescence. BG-1208 is the only issue in the entire California Small Denomination gold series that proudly proclaims itself as a token, with TOKEN as part of the reverse denomination. The present beauty is among the five finest examples of the variety seen so far by PCGS, which speaks volumes about the quality herein. Jay Roe certainly had an eye for lovely California Fractional gold coins!

PCGS Population: 4; 1 finer (MS-64).

From Bowers and Merena's sale of the Jay Roe Collection, September 2003, Lot 587.

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Comments

  • ShamikaShamika Posts: 18,781 ✭✭✭✭
    If only I had the money to add this series to my collection.

    Buyer and seller of vintage coin boards!
  • I would be guessing but i think top pops are more in demand on bg gold due to the set
    registry
    nice coin anyway
  • orevilleoreville Posts: 11,953 ✭✭✭✭✭
    Oreville never met a Jay Roe $1 Cal round he did not like at the right price!image
    A Collectors Universe poster since 1997!
  • orevilleoreville Posts: 11,953 ✭✭✭✭✭
    Actually this happens to be a pretty rare issue. Only 18 slabbed by PCGS in all grades as of April 2004.
    A Collectors Universe poster since 1997!
  • orevilleoreville Posts: 11,953 ✭✭✭✭✭
    Shamika:

    This was a gorgeous BG-1106 Octagonal round in PCGS AU-58 that sold for $776.25. I was the second underbidder. So prices can be more affordable yet still be a major collectible.


    image
    A Collectors Universe poster since 1997!
  • orevilleoreville Posts: 11,953 ✭✭✭✭✭
    Anyone review the California Fractionals being sold at FUN?
    A Collectors Universe poster since 1997!
  • thebeavthebeav Posts: 3,783 ✭✭✭✭✭
    You have to love this series. Chances are, we will never see another privately minted issue that will actually be accepted as legal tender. With all the different designs and types, you'll never get bored with these !!!

    Paul

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