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HistoryBuffalo

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Posts posted by HistoryBuffalo

  1. On 7/1/2022 at 10:16 AM, RWB said:

    Very good post and information. For new collectors, you might want to add a little about what a "sutler" was.

    Thank you and definitely! I’ve added some info about sutlers below…

    Sutlers would follow a unit or regiment during the Civil War and they were essentially merchants that had entered into a contract to sell non-military issued personal goods and provisions such as candy, writing supplies, games, food, toiletries etc. The soldier would give the sutler his pay and in exchange get these tokens in to pay for goods from his store or keep as change for his next purchase.

    Often sutlers would up charge on items or hold a soldier’s pay due to the dangers of working within a combat area. Nevertheless, sutlers were often unpopular among the men and even subject to raids by soldiers on their supply tents and stores, often while the commanders or superiors would sit back without intervening. Therefore the sutlers were often remembered unfavorably following the war and few tokens survived or were kept as souvenirs and most of them were likely discarded. Not to mention the tokens were circulating in camps and carried into battle, making their loss and disappearance much more common.

     

     

  2. On 6/30/2022 at 9:07 PM, Just Bob said:

    Checking the last 4 sales on Heritage auctions, I came up with:

    2/1/15, NGC MS62, $285.50

    6/6/10, NGC MS62, $322.00 - NGC MS62, $460.00 - NGC MS63, $402.50

    The only AU53 that I found was back on 2/7/2010 that sold for $253.00.

    According to Ebay sold listings, your coin was sold yesterday (6/29/22 at 1:27 PM) for $499. plus shipping.

     

    Thanks for letting me know! I had received an offer on the token, hence the difference between the shown price of $499 and my paid $300. It seems like what I paid was right in line with some of those other examples and compared with the 2010 sale of the AU53, $47 dollars doesn’t seem like such a bad price increase to have to fork over considering over a decade separates the two sales. Regardless, I think that sutler tokens are still undervalued when considering the role they played in the life of a soldier during one of the most tumultuous times in the history of the United States in the Civil War.

    I appreciate you posting those sale records for me!

  3. The coin arrived a few days ago and I couldn’t be more thrilled! This is one heck of a piece of history! Thanks for all the kind greetings and the help concerning the coin’s condition and the answers about the planchet cracks. It’s all very much appreciated!

    I’ve attached some photos of the fugio in a tad bit better light.

    E9983887-9452-4C3C-969A-5EFA257170E9.jpeg

    4C5B5BF4-A56D-48B1-ADA5-4AF4CBB8F4F7.jpeg

  4. On 6/13/2022 at 5:46 PM, Just Bob said:

    Welcome to the forum.

    Nice first post & nice coin. Smart move purchasing an authenticated example. These are heavily counterfeited.

    The cracks look to be planchet flaws, which are not unheard of on these coins. They add character, in my opinion.

    Thank you. I’m glad that those are planchet flaws, as I was a little worried at first. I agree, it definitely adds a bit of character.

  5. On 6/13/2022 at 2:55 PM, Lem E said:

    I would say just keep it out of damp or humid environments and it will be ok. Welcome to the forum.

     

    On 6/13/2022 at 2:59 PM, Coinbuf said:

    Welcome to the forum, both sides of the coin exhibit some pitting, this could have been the result of being buried in the ground and would certainly be the reason for the details grade.   As to the planchet, this was coined in the early days when the process of coining was just beginning so the quality of planchets and striking was much less perfect than today.    There is nothing that you need to do, the coin is protected by the slab and will be fine just as it is, your task is to provide proper storage while you are the steward of this piece of history.

    Thank you! Part of the reason for pursuing a graded example was for the protection offered by the holder. I think the coin will most likely be kept on a stand on my desk for display where I can see it and enjoy it! Even though it has those cracks, it adds an extra layer of history and gives insight into that early process of coining, which is pretty awesome!

  6. On 6/13/2022 at 2:44 PM, J P Mashoke said:

    Welcome to the forum. It may have been in the ground a metal detector find.

    Thank you! That would definitely make sense. Now, should I worry about those cracks and further degradation? I figure that being in a relatively stable environment within the holder, it should be okay but I want to make sure I do what I can to preserve the coin if need be.