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1855 PCGS $50 Gold Restrike Commemorative?..
PhillyJoe
Posts: 2,728 ✭✭✭✭
Haven't seen this before. Restrike from recovered gold, minted in 2001, in a PCGS holder. Not clear whether 5,000 were minted in total or PCGS put 5,000 in their holder. Not sure what the holder does for me. It's not graded. Does this have the required "copy" somewhere on the reverse? Seems a little pricey and not all that rare. What's your take on this?
Ebay #2203156226
Joe
Ebay #2203156226
Joe
The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. 
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It's not a US Mint made coin and does not have to have the word copy on it. 5,000 was the mintage and PCGS slabbed them all without a grade.
Cameron Kiefer
Interesting that the auction text says "No reserve on this item" while the starting bid says "reserve not met"
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
The Central America group then took the position that they maintained all of the important historical value by "preserving" these face plates. What a load of crap!
I was never very impressed by the gold bars in the first place but they shouldn't have it both ways. They are priceless one month and partially priceless the next.
<< <i>These restrikes really chap my butt! When the Central America treasure was found the gold bars were marketed as priceless pieces of our American heritage. I assume that the bars didn't sell well enough so they came up with the idea of destroying these formerly "priceless" items by sawing off the face plates and converting the bulk gold into these "coins" which I believe originally sold for $5000.
The Central America group then took the position that they maintained all of the important historical value by "preserving" these face plates. What a load of crap!
I was never very impressed by the gold bars in the first place but they shouldn't have it both ways. They are priceless one month and partially priceless the next. >>
Right on, boiler. I wish I could remember how they justified melting those "priceless" bars to be recoined - I think it was something like "to allow more people to have a piece of this historical treasure" because the bars were very expensive. You're right - they were priceless only until they couldn't sell all the bars.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>They are really just medals. Personally, I don't see them as much more than a "melt" item >>
Agree--Made to order "Rarities", Why does the Coin Vault come to mind
They had to destroy a ton of history just to create collectibles.
Not exactly. They were struck from new dies that were "lifted from" the original dies. The new reverse die was then modified to show different text on the ribbon.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.