Description
This is a 1901 LESHER REFERENDUM SILVER DOLLAR, IMPRINT TYPE, NO # PCGS AU-55, ORIGINAL! Cataloged at HK-791a and considered a Rarity-7, these Colorado Silver Dollars can be considered in the same class as Pioneer Gold. Also known as a Pike’s Peak Silver Dollar, these were issued by Joseph Lesher in the small mining town of Victor, Colorado in the famed Cripple Creek mining district. As the Denver Mint was years away from opening, there existed a need for a “currency” for silver mine workers and merchants in Colorado. It is believed that only about 1,870 of these pioneer Silver Dollars were struck, and that only a few hundred now exist. Many are punched by merchants for advertising purposes and many of a number punched into it. This pristine example has no punches or marking, and is only 1 of fewer than 20 without any markings. Original skin, gold peripheral toning and an absence of distractions make this piece way, way above average. The depiction on the coin of a silver mine with Pike’s Peak in the background only adds to the interest. This is the ONLY AU-55 of this type graded by PCGS or NGC, with only 2 finer at either service. PCGS suggests a value of $4,500, and considering the lack of recent appearances for these, the valuation seems logical, if not conservative. A great opportunity. Our commitment is to provide you with quality coins and collectibles at the best possible prices. This piece is no exception. Please note, the coin and collectibles markets do fluctuate, and prices occasionally will change. In this rare circumstance, we will contact you first to verify your order.
