Who got hosed?
Nap
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In 1843 Matthew Stickney famously traded a gold Immune Columbia coin for an 1804 dollar at the US mint. The Immune Columbia coin is unique and the 1804 dollar is the most famous of rare coins.
Would you make this trade in 1843? Keep in mind the Class II and III 1804 dollars had not yet been created and the only other Class I's in private hands were from the sets given to the foreign princes. So this was essentially a trade of two unique coins. Of course at this time the 1804 dollar was "modern junk," having been produced a mere 10 years before.
Would you make this trade now? The 1804 dollar is by no means unique anymore and Class III restrikes were made in the 1850's. Still, it remains extremely rare and is the most famous and one of the most expensive coins every time it comes to auction. The Immune Columbia remains unique in gold but it is certainly less appreciated outside of colonial collectors.
So who got hosed? Or was it a fair trade then or even now?
Would you make this trade in 1843? Keep in mind the Class II and III 1804 dollars had not yet been created and the only other Class I's in private hands were from the sets given to the foreign princes. So this was essentially a trade of two unique coins. Of course at this time the 1804 dollar was "modern junk," having been produced a mere 10 years before.
Would you make this trade now? The 1804 dollar is by no means unique anymore and Class III restrikes were made in the 1850's. Still, it remains extremely rare and is the most famous and one of the most expensive coins every time it comes to auction. The Immune Columbia remains unique in gold but it is certainly less appreciated outside of colonial collectors.
So who got hosed? Or was it a fair trade then or even now?
0
Comments
C) No one got hosed.
Is it still around or did it get melted ?
Does anyone have a picture ?
<< <i>What became of the Immune Columbia ?
Is it still around or did it get melted ?
Does anyone have a picture ? >>
Smithsonian
Ed. S.
(EJS)
<< <i>Mint got hosed, darkside coins are a no go. >>
Huh? Columbia means "Land of Columbus", as in America. Get it?
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
<< <i>In 1843 Matthew Stickney famously traded a gold Immune Columbia coin for an 1804 dollar at the US mint. The Immune Columbia coin is unique and the 1804 dollar is the most famous of rare coins.
Would you make this trade in 1843? Keep in mind the Class II and III 1804 dollars had not yet been created and the only other Class I's in private hands were from the sets given to the foreign princes. So this was essentially a trade of two unique coins. Of course at this time the 1804 dollar was "modern junk," having been produced a mere 10 years before.
Would you make this trade now? The 1804 dollar is by no means unique anymore and Class III restrikes were made in the 1850's. Still, it remains extremely rare and is the most famous and one of the most expensive coins every time it comes to auction. The Immune Columbia remains unique in gold but it is certainly less appreciated outside of colonial collectors.
So who got hosed? Or was it a fair trade then or even now? >>
I think my business partner and I would cough up somewhere in the seven figures for that gold Immune Columbia, so I don't think the mint did too badly.
Coin Rarities Online
<< <i>thanks for the cool post. I think it was a good trade for both, and I'm glad to see the coin still exists. >>
Ditto...
Personally, I would not have made the trade then or now.
But I don't think anyone got hosed.
Learning stuff like this is why I come here.
But on the other hand I don't see myself ever talking to a lay person about an "Immune Columbia". Fascinating.
<< <i>Ahh gotcha. Read too fast, thought I saw, "Columbian." Thanks for clarifying. >>
The name of the country in South America is Colombia (with an 'o', not a 'u').