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dizzyfoxx
Posts: 9,823 ✭✭✭
...There's always time for coin collecting. 
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<< <i>I have always appreciated the Period 1 pieces, because they were likely used as real money, but I am not a big fan of the Period 2 pieces. >>
The period 2 pieces were mostly sold as souvenirs not unlike modern commemoratives which also don't circulate. They were also popular for jewelry use at the time which is why many are holed.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I have always appreciated the Period 1 pieces, because they were likely used as real money, but I am not a big fan of the Period 2 pieces. >>
Interesting observation and after doing some research on the history of these, I do agree with that. I look at a coin like this more as in comparison to a U.S. Mint proof type coin of the era which in general weren't used in circulation also. This 1874 example definitely has that proof look to it which I know is typical for this coin but it was that proof-like appearance and California descent that really attracted me to it. I also like the specific date which is when George Custer led his expedition to the Black Hills in search of gold.