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Lot 76

1786 Vermont Copper.
"Vermontensium", Ryder-6. PCGS graded AU-55 "Benson". Obverse with
seven trees, ray points between ES. U of PUBLICA sharply recut low, diagnostic
of this obverse. One of the very finest graded of this variety, PCGS in their
Population Report note 4 graded this high, with just a single coin graded
higher, that a thin hair above at AU-58. No mint state coins have yet been
graded. Further, most of those seen grade from VG to VF, and these are
frequently found on less than perfect planchets. On this particular example we
note a few minor planchet flaws, one on the edge above NS of VERMONTENSIUM,
another on the reverse edge above the M of DECIMA. Toned a natural chocolate
brown in color, with darker areas noted around the trees. The strike on and
around the plow is particularly nice, and the fields and surfaces are very nice
for the grade. Localized striking weakness is noted on ENSIUM and on the
opposing areas of the reverse. The central reverse all seeing eye is sharp, and
the coin is well centered. An impressive example of this important variety that
is certain to attract many appreciative numismatists who would find it a
welcome addition to their collections. The Latin obverse legend of
VERMONTENSIUM RES PUBLICA translates to "the Republic of the Green Mountains"
(Ryder/Slafter) and the obverse device was to consist of "A sun rising, with
mountains and trees in the foreground, and a plough in the field beneath."
while the reverse device had to have "A radiated eye, surrounded by thirteen
stars" and the legend QUARTA. DECIMA. STELLA. or the fourteenth star, referring
to Vermonts desire to become the next state after the original thirteen
colonies joined to form the United States. This did come pass, but not until
1791 when Vermont officially became the 14th state to join the union. After
the necessary legislation and authorization, the bond requirements were met and
suitable lodgings for the coinage we procured, Reuben Harmon began coinage in
earnest. Reports vary, but it has been suggested that the coining equipment
obtained could strike as many as 60 pieces per minute, although usually half
that number were coined using the screw press (Ryder/Slafter). An historic
example of this precious state coinage made during the brief tenure after the
Revolution, but prior to the Vermont joining the other states officially in the
Union. Estimated Value $5,000-6,000. From the Paul Arthur Norris
Collection and purchased from our Benson I Collection Sale, 2/2001:80.
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