The Collectors' Auction 2009
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Please Note: A 15% Buyers' Premium is added to the hammer price of all lots in this sale.
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(About The Images)
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Lot Title:
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1789 Mott Token, thick planchet, plain edge. Breen 1020, Rarity-3. PCGS AU-58.
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Description:
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Justifying the observation that just about anything flat, round and made of copper circulated in early America, most Mott tokens display some wear, and some are even in very low grade. They were struck on planchets in thin or thick format, of which the present example is the latter, and sometimes with an ornamented edge, though the PCGS holder indicates a plain edge for this example. PCGS has assigned a grade of AU-58, which is a highly appropriate commercial grade, since this is basically a coin that has no wear, but does have minor handling marks and trivial ticks indicative of brief circulation. A small but noticeable curved planchet clip at the bottom has no chance of competing with that seen on another Mott token in today's sale for top honors, but it does add character to this lovely, glossy piece. The large die break usually seen for the common die-state is obvious at the upper left corner of the clock. Much controversy surrounds the origin of the Mott token, with the 1789 date declared by some to be backdated from actual striking from the late 1830s. The primary contention for this claim is a notice in Penny-Wise by William Anton in 1986 of acquisition of a 1789 Mott token overstruck on a U.S. large-cent that, while undated, was of the style of cents dated 1837-1839. Further, Q. David Bowers noted in 1987 that the eagle motif on the reverse precisely mimics the eagle found on the reverse of gold eagles of 1838, half-eagles of 1840, and quarter-eagles of 1840. If it could be proved that Mott tokens do indeed subscribe to that period, then they should be more properly considered Hard Times tokens, rather than colonial issues.
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Low Estimate:
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$550.00 |
High Estimate:
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$700.00 |
Lot Status:
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Bidding has been closed for this lot. |
Hammered Price: |
$525.00
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Price Realized:
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$603.75 |
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Price history for items of the same classification:
No history for this lot classification has been found. |