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Stephen Album Rare Coins
Auction 38  24-27 Sep 2020
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Lot 1949

Starting price: 110 USD
Price realized: 475 USD
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UNITED STATES: AR medal, 1933, HK-870, PCGS graded MS65, 40mm silver "So-Called Dollar", Century of Progress type IV, a mining scene; USE SILVER TO RESTORE PROSPERITY below; CENTURY OF PROGRESS around above; 1833 WORLD'S FAIR 1933 around below // Colorado State seal; ONE OUNCE OF PURE SILVER COLORADO around, die polishing marks as usual with this issue. The Colorado State Legislature failed to appropriate funds for participation in the Century of Progress Exposition, Chicago, 1933. Many Denver and other civic organizations, knowing that 32 or more other states were to have official exhibits, believed that Colorado's non-appearance would be detrimental to its industrial welfare. About $60,000 was estimated to be necessary to assure proper representation and only about 30 days then remained in which to raise it. A plan to produce and sell "Colorado Dollars" was devised and adopted by the Colorado Century of Progress Commission to accomplish this objective. On Feb. 1, 1933, the Commission announced that one-ounce discs of pure silver would be sold at $1 each, silver costing but 28 cents an ounce at that time. The next day Gov. Ed C. Johnson of Colorado purchased the first token and general sale was started throughout state. The discs were advertised and sold elsewhere by the Colorado State Board of Immigration, Denver, for $1.25 each. Planchets were made by Sachs-Lawlor Co., Denver. The H. H. Tammen Co., also of Denver, struck the pieces. All have plain edge. The first three types have incuse letters and figures. Type IV is embossed.

Estimate: 150-200 USD
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