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Canal medal $135,000

A very rare gold medal is being offered for sale by Jeff Shevlin for $135,000.

The So-Called Dollar Guy says he is “excited to be offering for sale one of the only two known gold Erie Canal Completion So-Called Dollars.”

It is HK 1001 and certified by Numismatic Guaranty Corporation as XF-45.

Shevlin said it was the first known gold Erie Canal medal to come to the market when it was sold about 10 years ago.

A second and finer piece appeared on the market three years ago. It was graded NGC PR-62 and it sold for $199,750.

Shevlin believes that there were most likely nine Erie Canal medals struck in gold in 1826, but in the last 90 years, this medal has been offered for sale just two times.

“I am asking $135,000 for this likely once-in-a-lifetime opportunity to acquire this exceptionally rare and historically significant U.S. medal,” Shevlin said.

It is listed in the book, “100 Greatest American Medals and Tokens” authored by Q. David Bowers.

Shevlin said “this medal is ranked No. 8, and at that time, it was not known in gold, just silver and white metal. Had the gold version been on the marketplace before that, perhaps it would have been ranked higher. A quick review of the seven medals ranked higher in the 100 Greatest reveals the fact that relatively speaking, this great rarity is considerably undervalued.”

Shevlin’s website is www.So-CalledDollar.com.

He can be telephoned at (916) 955-2569.

His address is 1894 E. William Street, Suite 4-240, Carson City, NV 89701.

 

This article was originally printed in Numismatic News Express. >> Subscribe today

 

More Collecting Resources

• Are you a U.S. coin collector? Check out the 2017 U.S. Coin Digest for the most recent coin prices.

• Order the Standard Catalog of World Paper Money, General Issues to learn about circulating paper money from 14th century China to the mid 20th century.

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