Coin Specifications

Category: So-Called Dollars - Hibler & Kappen
Composition: Silver
Fineness: 0.9500
Weight: 480 grains
Diameter: 35 mm
Edge: Plain
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1900 LESHER HK-789;Z-3 A.B. BUMSTEAD SC$1 MS obverse 1900 LESHER HK-789;Z-3 A.B. BUMSTEAD SC$1 MS reverse
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Description & Analysis

Joseph Lesher, a Colorado pioneer and silver mine entrepreneur, conceived the idea of issuing "Referendum" Dollars. Pieces dated 1900 bear a $1.25 price and those dated 1901 bear a $1 price. This was significantly higher than their silver value, which was suffering at the time, so it was up to the public to decide whether to accept them. All bear Lesher's name and city: Victor, Colorado, near the Pikes Peak Silver Mine pictured on most of the Lesher Referendum Dollars. All are octagonal with a plain edge; Lesher had been advised that these pieces would be legal so long as they did not attempt to imitate US coins.

HK-789; Z-3 As of January 2020, this was the most common Lesher Medal, with 158 pieces known. This type is very similar to the first reverse and was struck from the same obverse die. The only difference is, on the reverse, the absence of scrolls in the upper fields and a line above “COLO”. The reverse die broke in the course of production and a substitute was hastily made, omitting the flourishes and creating a second variety.

Source: "The Lesher Referendum Dollars – One Man’s Vision," catalog for Kagin's February 2020 ANA National Money Show Auction Session Three. Learn more at kagins.com.

GRADE SUMMARY

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Price Guide

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NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 40
Low Grade: VG
Average Grade: 55
High Grade: 64

The chart showing VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series.
NGC CENSUS DETAIL Last Updated: 5/11/2021 1900 LESHER HK-789;Z-3 SC$1 A.B. BUMSTEAD MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--1-512516512632------40
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Total--1-512516512632------40
 --3%-13%3%5%13%3%15%13%3%5%15%8%5%------ 

NGC Registry

There are no Registry sets for this coin. If you would like to request a Registry set please email registry@ngccoin.com.

Related Articles

Spectacular Collection of NGC-certified Lesher Dollars to be Sold in February

2/12/2020 — Kagin’s is offering the set of silver octagonal medals made by a Colorado entrepreneur in 1900 and 1901.
View full article >
NGC-certified Set of Lesher Dollars on Display at ANA Show in Denver

8/1/2017 — The silver octagonal medals were privately made in 1900 and 1901 by Joseph Lesher of Victor, Colorado.
View full article >


NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.