Large 1892 World’s Columbian Exposition Medal Remained Unsold

23 Nov 2017  Thu

Scotsman Auction Co. offered many interesting coins on 3rd November during its Collectors’ Auction at the Saint Charles Convention Center in Missouri. A 1930-S Saint-Gaudens $20 double eagle, graded Mint State 63+ by PCGS with a green CAC Sticker could not reach its estimate of $85,000 to $100,000. A group of Morgan dollars fared well at the auction and was sold for a total of $1,374,140.

A Gilt 1892 World's Columbian exposition medal, graded Proof 65 could not reach its estimated value. The obverse of the medal featured a Liberty Head design just like a normal circulating Morgan dollar. The Columbus Landing design is featured on the reverse. Many of these medals were struck in 4 sizes in Europe. The offered medal is the largest version. These medals were struck mostly in white metal or aluminum. Some of them were gilt to replicate gold medals.

The offered medal has a classic look for the type, almost with fully prooflike character and extremely high relief. It also features uniform gold colour unlike other gilt examples in which the gold plate is thin on the highpoints due to friction during storage. It has a diameter of 90 millimeters and had an estimated value of $4,000 to $5,500.

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