08-20-2018, 09:26 AM
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Fr@nk Burke++
Member
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Join Date: Nov 2011
Location: Between the 1st tee and the 19th hole
Posts: 7,251
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Quote:
Originally Posted by barrysloate
This coin was presented by the engraver to George Washington as a prototype for the first gold coin ever to be minted in America. Washington of course rejected it, as he did not believe a living president of a democratic nation should have his portrait on a coin. He liked it well enough, however, to carry it around as a pocket piece. Even though it exhibits wear it never circulated, it just jiggled in his pocket over a period of time.
When Washington died in 1799, he was no longer in possession of it. He must have given it to somebody else, but nobody knows to whom. The coin has been exhaustively researched by numerous scholars, and has been in Newman's collection for the past 75 years (he collected coins for 99 years).
I don't have any idea what it will sell for, but I am guessing $3 million, maybe more. And thanks Bob for the photos.
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Oh my God, Barry. PSA will now have to add another qualifier for pocket jiggles on gem mint cards.
PSA 10PJ
How the PJ qualifier will affect market value is uncertain. 
__________________
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Now nearly PQ.
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