Stack's Bowers Galleries

November 2021 Baltimore Auction  –  21 - 24 November 2021

Stack's Bowers Galleries, November 2021 Baltimore Auction

Live Sessions: US Coins and Currency

Part 1: Su, 21.11.2021, from 9:00 PM CET
Part 2: Mo, 22.11.2021, from 6:00 PM CET
Part 4: Tu, 23.11.2021, from 12:00 AM CET
Part 3: Tu, 23.11.2021, from 1:00 AM CET
Part 5: Tu, 23.11.2021, from 6:00 PM CET
Part 6: We, 24.11.2021, from 1:00 AM CET
The auction is closed.

Description

1867 J.A. Bolen Store Card / Libertas Americana. Musante JAB-30. Silver. Marked “B SILVER ONLY ONE STRUCK” on edge. MS-64 (PCGS).

25.4 mm. 183.7 grains. Soft gray silver on the motifs and rims, while the fields are gently toned pleasing pale blue. A few light hairlines in the fields, but beautifully struck on a medium-thick flan and quite pretty. As with other Bolen reference collection pieces, this is marked on the edge as noted above, identifying it as unique. Johnson, in 1882, gave the mintage in silver as one, and it is said that he had worked, at least in part, from Bolen's personal reference set. That would mean his entry came directly from the edge of this medal. Which, as an aside, is notable for an error. Interestingly, the "K" punch in STRUCK was applied with a 90-degree rotation, which supports the assertion by Musante that Bolen's vision was somewhat failed. Returning to mintage figures, the 1868 AJN listing gave the mintage as three in silver. This was within a year of the cutting of the dies and taken from information supplied directly by Bolen and Major C.P. Nichols, who cooperated in getting the data to the ANS for publication. It seems unlikely that the error would be in that listing, but there is always room for error so it can't be discounted. This said, Musante had found no auction appearances of a silver medal from these dies, and we have none in our online archives, so there is evidence to suggest that this one is, in fact, unique in this composition. In either case, it is certainly unique for its edge markings, as Bolen's personal specimen. Musante mentions that Bolen referred to this piece as a mule in his 1905 listing and suggests that it was an effort to make his list different from Johnson's. However, even though this piece is given a regular number in the AJN listing, Major Nichols' circa 1868 annotations to Bolen's own notebook include mention that this pairing is actually a muling, so Johnson was probably just incorrect and based his listing on the earlier one in the AJN. It is curious that, with the muling note in the notebook, this piece was still assigned a number in the AJN listings. Since the obverse was cut for a standard 1867 store card, it seems clear by design and usage alone that it is technically a muling. Board Position: D 1/1

From the E Pluribus Unum Collection. Earlier from the personal reference collection of John Adams Bolen.

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Bidding

Price realized 7'500 USD
Starting price 1 USD
Estimate 2'500 USD
The auction is closed.
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