Unique and Interesting Gold Ring $1 Mint Proof Pattern Coin Offered by Rare Coin Wholesalers 1 1

[Mike Meenderink]

This coin is very very nice. Ring design coins are not seen often for sale in business strike and even more rare in proof. This is my type of dream coin. The unique design and small mintages make these very attractive. Rare Coin Wholesalers.

1852 RING $1, J-145 THICK PR67+

THICK PLANCHET. J-145. SENSATIONAL GOLD RING DOLLAR. RARITY-6. SOLE HIGHEST GRADED. CAC.

Grading Service: PCGS

SKU: 142501

Cert Number: 44161069

 

$93,500.00

Edited March 30 by Mike Meenderink

[RWB]

It is a pattern piece, not a legal tender coin. There are no circulation strike pieces. It was one of several US Mint experiments toward making gold one dollar, and gold fifty-cent coins in a convenient diameter.

See my book Fads, Fakes & Foibles, pages 57-90, for details.

[Zebo]

Just another take off of the Australian Holey Dollar of 1813 or others that may have preceded it. The question is - where is the dump?

30 Sep 1813 - 'holey dollar' and 'dump' coins

  The holey dollar' and 'dump' coins became legal tender in New South Wales by a proclamation issued by Governor Macquarie to address the acute shortage of coinage in the colony, the British authorities had arranged with the Directors of the East India Company that £10,000 worth of dollars be purchased in India and shipped to NSW.

To make available coins and ensure that they remained in the colony, Macquarie commissioned convicted forger William Henshall to cut the center (the dump) out of each coin and stamp them with NSW. The smaller dump was worth fifteen pence and the larger holey dollar was worth five shillings. Although these coins became legal tender on 30 September they were not available for general issue until January 1814.

Sources:National Museum of Australia. (2021). Holey dollar; The Royal Australian Mint. Australian coins – a fascinating history

[Mike Meenderink]

On 3/30/2024 at 6:42 AM, RWB said:

There are no circulation strike pieces

There are no gold ring pattern circulation strikes like my original coin posted but there are other ring coins from the mint that were struck as test circulation type designs. That is what I was referring to in my original post.

Edited March 30 by Mike Meenderink

[Zebo]

The OPs pattern is very nice. Didn’t mean to detract from it.

[RWB]

They were all pattern pieces whether shiny or not.

[Zebo]

Governor Macquarie set the value of the holey dollar at five shillings, with 15 pence for the dump. These coins went into circulation in 1814. The New South Wales colonial administration began recalling the holey dollars and dumps and replacing them with sterling coinage starting in 1822. When the holey dollar was finally demonetised in 1829, most of the 40,000 coins in circulation had been exchanged.