Upland-Chester So-Called Dollar questions

[Loyal Citizen]

Hello everybody,

 

I'm not a specialist in the US coins and have a question on one piece I've come across lately:

 

This is a white metal so-called dollar Upland-Chester. I know that it is listed in the Hibler/ catalog under number 141.

 

My questions are :

- does it look genuine?

- what is the price of this piece ?

 

Best regards and thanks for your help !

[Loyal Citizen]

pic 2

[bill]

I see nothing that would make me suspect the piece. Its probably worth something around $100, $50 either way depending on the place and local interest.

[Loyal Citizen]

I see nothing that would make me suspect the piece. Its probably worth something around $100, $50 either way depending on the place and local interest.

thanks a lot !

 

I've found that a similar piece (but in silver !) NGC MS-64 was sold for $9200 (!!!) this past January at Stacks .

 

Also, the catalog mentions R6 rarity which corresponds to 21 to 75 pieces known.

 

and still around $100 ?? Now, I'm completely lost

[bill]

So-called dollars are a funny lot. Some finest graded go for big bucks to collectors wanting the best known regardless of the fact that it is the best known of those submitted for grading. That particular piece was from a signature collection of finest or nearly finest graded so-called dollars. It is also considered unique in silver.

 

Pricing comes from the new edition of Hibler and Kappen and the tipped in value guide. Average circulated piece lists $50 to $150. Uncirculated was something like $200 to $600 (I don't have it with me here at work).

 

Your piece could bring more if the right people were bidding for it at auction, but not in the $1,000+ range. R-7 has some meaning, but I was the under bidder recently on an R-7 so-called that would have gone MS-64/65 had it been graded. It had the original pin bar that went with it (something that increases the value for me, decreases it for so-called purists). I went to $250. The winning bid was $260. It is the first one I had seen in three years. One dealer thought I went too high and was surprised that I was outbid.

 

As another example, a series of pieces from the 1894 Midwinter Exposition went for $1300 to $2000 each as the finest graded and encapsulated from the Bill Weber Collection in December 1908. I had gone with $500 per to go after the pieces. No luck. I do have most of the pieces in an equal grade (but ungraded), two of which I purchased in the last year. The most I have paid is $350.

 

So its not unusual to see extreme, one-offs that don't impact the market.

[Loyal Citizen]

So-called dollars are a funny lot. Some finest graded go for big bucks to collectors wanting the best known regardless of the fact that it is the best known of those submitted for grading. That particular piece was from a signature collection of finest or nearly finest graded so-called dollars. It is also considered unique in silver.

 

Pricing comes from the new edition of Hibler and Kappen and the tipped in value guide. Average circulated piece lists $50 to $150. Uncirculated was something like $200 to $600 (I don't have it with me here at work).

 

Your piece could bring more if the right people were bidding for it at auction, but not in the $1,000+ range. R-7 has some meaning, but I was the under bidder recently on an R-7 so-called that would have gone MS-64/65 had it been graded. It had the original pin bar that went with it (something that increases the value for me, decreases it for so-called purists). I went to $250. The winning bid was $260. It is the first one I had seen in three years. One dealer thought I went too high and was surprised that I was outbid.

 

As another example, a series of pieces from the 1894 Midwinter Exposition went for $1300 to $2000 each as the finest graded and encapsulated from the Bill Weber Collection in December 1908. I had gone with $500 per to go after the pieces. No luck. I do have most of the pieces in an equal grade (but ungraded), two of which I purchased in the last year. The most I have paid is $350.

 

So its not unusual to see extreme, one-offs that don't impact the market.

 

bill,

 

thanks a lot for a detailed explanation.

 

Best regards !