1837 Token HT-61 Copper Mint Drops, BN MS(PCGS#77535)

August 2019 ANA U.S. Coins Auction Rosemont, IL

拍卖行

Stack's Bowers

批号

269

等级

MS63BN

价格

2,710

详细说明

1837 Mint Drop. HT-61, Low-37, DeWitt-CE 1838-15, W-11-410a. Rarity-2. Copper. Plain Edge. 28 mm. MS-63 BN (PCGS). Medal alignment. Plenty of bright mint orange color remains on both sides of this premium quality example. Gray-brown patina is more extensive and evenly distributed on the obverse, and the surfaces are satiny and overall smooth. Minor spot at upper left obverse border, the strike generally a bit soft, although the finer elements of Liberty's portrait are razor sharp. Typical Choice Mint State quality for an HT-61 as far as examples in advanced collections are concerned, this piece is sure to please discerning bidders. Interestingly, this plentiful variety was missing from the extensive Ford holdings. Writing in his 2015 Guide Book of Hard Times Tokensfor Whitman, Q. David Bowers explains the reverse inscription on this type: "Mint drop, under other circumstances a type of mint candy, was a nickname for the new lighter-weight gold coins introduced by the Act of June 28, 1834, which was sponsored by Senator Thomas Hart Benton of Missouri, a hard-money advocate nicknamed 'Old Bullion.' Gold coins of heavier weight had not been seen in circulation since 1820. After 1834, much to the displeasure of anti-Jackson Whigs who wanted inflation and 'cheap money,' gold coins replaced some paper money in circulation." Provenance: Ex Stephen L. Tanenbaum estate. Collector tag with attribution and provenance notes included. Click here for certification details from PCGS.