Stack's Bowers & Ponterio
January 2020 NYINC Auction 17-18 Jan 2020
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The test punch and removal of the plug of silver is standard for this issue. To verify that the coins were in fact silver they tested them first with the punch mark in the legend. They then proceeded to remove the plug of silver and then apply the double six-pointed star countermark. According to sources the removal of the plug of silver was done to pay for the countermarking of these coins. While this cataloger believes this to be true, I also believe that regardless of denomination they were all mutilated in a similar fashion with the test punch, plug removal and star countermark all in the same general locations for each type of host coin.
From the Kyle Ponterio Collection.
Ex: Richard Stuart Collection.
Estimate: $1000.00- $1500.00