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1860 1C Brunk O-59, Oil of Ice (Regular Strike) - What's the deal?

DMWJRDMWJR Posts: 6,042 ✭✭✭✭✭

So, I'm thumbing through CoinFacts and ran across this coin with a pop of 1 that has it's own coin number. What's the story?

Doug

Comments

  • mvs7mvs7 Posts: 1,662 ✭✭✭✭✭
    edited February 13, 2018 11:55PM

    This is an example of a counterstamped coin, in this case by a patent medicine company.

    The 'Oil of Ice' mark, according to the Brunk reference book,

    "is the issue of Charles H. Goodwin -- better known as the maker and purveyor of Goodwin's Grand Grease Juice ( USE G. G. G. & G. G. G. G.) and other patent medicines from Exeter, NH. G. G. G. was Goodwin's Grand Grease Juice (a tonic for the hair) and G. G. G. G. was Goodwin's Grand Glittering Gobules (a breath perfume). It's likely his OIL OF ICE was a camphor in glycerin concoction. This information came from a 1928 Saturday Evening Post that mentioned "old Charles Goodwin invented Goodwins Grand Grease Juice and Goodwins oil of ice..." (H/T WorthPoint Entry)

  • DMWJRDMWJR Posts: 6,042 ✭✭✭✭✭

    I didn’t knowbcounterstamps were getting their own PCGS number. But this is not my area either. Interesting it showed up as a variety under Indian Cents on CoinFacts. Thanks for the info

    Doug
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    edited February 14, 2018 10:02AM

    Nice that it has a PCGS coin number and is straight graded.

    Here's the cert verification page. F15 with a pop of 1/0. Pretty low grade top pop!

    Here are some more found online:

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That is a new one for me..... though, if I had found one, I would have kept it.... Thanks for the history, learned something new today... ;) Keeps me young.... Cheers, RickO

  • sellitstoresellitstore Posts: 3,053 ✭✭✭✭✭

    Not a great name for a product.

    If my ice had oil in it, I'd find a cleaner water source.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • OldIndianNutKaseOldIndianNutKase Posts: 2,715 ✭✭✭✭✭

    What is PCGS thinking straight grading an altered coin. Who would collect this stuff anyway? Or is exonumia now gradable?

    OINK

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Thanks for sharing !!! :)

    Timbuk3
  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    @OldIndianNutKase said:
    What is PCGS thinking straight grading an altered coin. Who would collect this stuff anyway? Or is exonumia now gradable?

    OINK

    seriously?
    They are highly collectible

    Frank

    BHNC #203

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    I'll take all you have and pay you as culls.

    Frank

    BHNC #203

  • DMWJRDMWJR Posts: 6,042 ✭✭✭✭✭

    Straight grading aside, is this one coin number used for all of one type of counterstamp? one denomination? I can't imagine how they can quantify it. It's one coin number and one coin, and it is because of post mint "damage." Doesn't make sense for it to have its own number and then show up as a variety in the Indian Head Cent section of CoinFacts.

    Doug
  • JBKJBK Posts: 16,411 ✭✭✭✭✭

    @DMWJR said:
    ...and it is because of post mint "damage."

    I can't comment on whether or not it should have straight graded or if it deserves it's own number, but I will say that attributed counterstamps are documented and don't qualify (in my opinion) as mere PMD. (Technically they are PMD, of course, but once recognized and documented they join their own class of exonumia).

  • DMWJRDMWJR Posts: 6,042 ✭✭✭✭✭

    @JBK said:

    @DMWJR said:
    ...and it is because of post mint "damage."

    I can't comment on whether or not it should have straight graded or if it deserves it's own number, but I will say that attributed counterstamps are documented and don't qualify (in my opinion) as mere PMD. (Technically they are PMD, of course, but once recognized and documented they join their own class of exonumia).

    I don't disagree at all. That's why I put it in quotes. I also have a chopmarked dollar too ...

    Doug
  • DMWJRDMWJR Posts: 6,042 ✭✭✭✭✭

    I find it bizarre that it would be listed as a variety for the 1860 Indian Head Cent. It's not.

    Ok, here's what I can tell from briefly looking through the website. PCGS will certify and attribute "tokens" listed in the Brunk book. If I type it in the search field, about 25 different ones come up. I don't see that anyone is trying to build a set of these, so there is nothing listed for such a set.


    Doug

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