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Notable engraved 1879-O Morgan dollar sold

An engrave 1879-O Morgan dollar that states it is the beginning dollar adjusted in the New Orleans Mint sold for $ 19,200 on Aug. 7 at Stack ’ south Bowers Galleries. A historical engraved 1879-O Morgan dollar celebrating the New Orleans Mint sold for $ 19,200 from Stack ’ second Bowers Galleries on Aug. 7 in its Las Vegas auction .
The dollar carries hand-engraved text on the obverse — THE FIRST DOLLAR ADJUSTED / IN THE / NEW ORLEANS MINT / BY / MRS. C. CAHN. It is graded extremely Fine Details, Engraved, by Numismatic Guaranty Corp .
The New Orleans Mint began producing U.S. coins in 1838, but stopped in 1861 after briefly hit coins for Louisiana and the Confederate States of America before shutting down. It was reopened in 1879, largely to help strike the newly Morgan silver medal dollars to satisfy the Bland-Allison Act, which required the U.S. Treasury to buy a certain amount of flatware and put it into circulation as silver dollars.

The facility struck 2,887,000 1879-O Morgan dollars, along with low-mintage gold $ 10 eagles and $ 20 double eagles. Well-circulated 1879-O dollars are available for a modest bounty over their bullion content .

The cataloger points out that this is no ordinary 1879-O Morgan dollar, however, writing, “ The desirability of the coin offered hera lies not in its exceeding preservation, however, but rather in its confirmation of a little-known procedure that the United States Mint of the nineteenth hundred used to adjust corpulence planchets, a well as its direct connection to the former New Orleans Mint employee who oversaw that procedure. ” Presumably it was minted in February 1879, and it was noted in Q. David Bowers ’ 1993 koran Silver Dollars and Trade Dollars of the United States : A complete Encyclopedia, after the consigner, Lawrence C. Korchnak, wrote to Bowers.

research worker Roger Burdette responded to a 2014 inquiry from Korchnak in the Numismatic Bibliomania Society ’ s weekly E-Sylum newsletter, explaining that, in 1879, “ Dollar planchets would have been weighed and filed on the edge if excessively heavy. Striking obliterated all traces of the file. silver coins were handled by Adjusters in their dual function as inspectors and counters of finished coins. ”
Some 1879-O Morgan dollars may have been struck on planchets that had their rims filed prior to striking, recalling the adjustments to the surfaces of early planchets that left marks calm visible on some coins struck in the early on years of the Philadelphia Mint.

As neologism operations began at the New Orleans Mint on Feb. 20, 1879, Bowers writes in his Guide Book of the United States Mint, “ Silver bullion was in short-change supply in the district at the time as it cost more to deliver the alloy to New Orleans than to the Mint in Philadelphia, and the Mint worked at less than capacity. ” The New Orleans Mint would finally receive shipments of flatware immediately from western refineries .
Burdette ’ s research was able to identify the woman whose name appears engraved on the coin : Clementine Cahn. She was foreman of the adjusters and was primitively from Georgia. Burdette added, “ She might have had it engraved as the inaugural while to have been picked from the first delivery that was counted by her adjust staff. The dollar coin represented about half of Mrs. Cahn ’ s daily pay ( $ 2.50/day ). ”
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