1900 SC$ HK-788, Lesher, AB Bumstead MS(PCGS#19001)

1900 SC$ HK-788, Lesher, AB Bumstead MS (PCGS#19001)

August 2011 Chicago ANA World's Fair of Money Auction

详细说明: 1900 Lesher Referendum Dollar. HK-788, Zerbe-2. Rarity-5. A.B. Bumstead Type, First Reverse. Silver. No. 181--Triple Struck--MS-61 (NGC). Silver. #181. Colorado Pike's Peak Silver Mine. Rev. Arms of Colorado, JOS. LESHER'S REFERENDUM SOUVENIR. Raised line over COLO. distinguishes this reverse. Medium gray overall with hints of violet and gold.<br /> <br /> The following is from the December 1900 issue of monthly bankers periodical Dickerman's United States Treasury Counterfeit Detector 'REFERENDUM' Dollars. — A Victor, Col., dispatch to the Denver Evening Post says: 'A unique enterprize has been established in Victor by Joseph Lesher, a Colorado pioneer and silver mine owner. He has procured a die, laid in a supply of silver bullion, and manufactured several silver coins, each containing one ounce of pure silver. He calls his coins 'referendum' dollars, because they are to be referred to the people for acceptance or rejection. Mr. Lesher proposes to demonstrate that the 'intrinsic value' theory is a delusion and a snare. His silver at the present quotation costs him 65 cents per ounce, the expense of coining is 15 cents — 80 cents in all, but he values his dollars at $1.25, and intends to keep them above par. Although he is confident that the silver alone is really worth $1.29 an ounce, he admits that other people may be prejudiced: therefore he promises to pay $1.25 in United States money on demand for each 'referendum dollar.'"<br /> <br />