SOLD
41,000.00USD+ buyer's premium (8,200.00)
This item SOLD at 2023 May 11 @ 16:38UTC-7 : PDT/MST
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Nevada Silver Company
GOLD
999
FINE
6.59 ozs
This Nevada Silver Company Gold Specimen is a Tier 1 museum quality piece from Franklin Hoard lore. It is possible that it is the only example of a Nevada Silver Company Gold Ingot. It measures approximately 2 inches by 1 1/4 inches and weighs 204.9 grams.
Within the Franklin Hoard listed as plate 15 on page 191 in Moulton’s publication John J. Ford, Jr. and the “Franklin Hoard” are examples of the Eagle Mining Company pieces also attributed to the Franklin Hoard. These generally were Silver with a few gold examples which all are extremely rare with the 1878 Eagle Mining Company $124 gold specimen which is shown in Moulton’s publication courtesy of the Smithsonian Institute. This, Nevada Silver Company Franklin Hoard piece to our knowledge is an undiscovered gold specimen of equivalence to the gold Eagle Mining Company specimens. The estimated production date of the Gold Nevada Silver Company specimen is estimated as 1955-1958 with the intention of appearing to have been produced in the 1870-1890 range. On page 261 of from notes written by Eric P. Newman when he visited Kenyon Painter at his home in Phoenix in July of 1968 John J. Ford, Jr. and The “Franklin Hoard” by Karl B. Moulton It shows sketches of the Nevada Silver Company Die workup and records that show the origins and also that the Nevada Silver Company die was contracted through Harry J. Forman a long time Philadelphia coin dealer whom for many years was Madison mint (of Silver Art Bar Collectable fame.)
Mr. Forman also was an author an ANA Life Member who died in March 2008. Together with partner Ruth Bauer, he ran the firm of Forman and Bauer, Inc., a respected mail-order coin business. Forman was active in increasing ANA membership and encouraging donations to the Money Museum and became the Association’s first “grand patron” in 1982. He received the ANA’s Glenn Smedley Memorial Award in 1998, the Numismatist of the Year Award in 2000 and the Association’s highest honor, the Farran Zerbe Memorial Award, in 2001. The ANA dealer of the year is now named the Harry J. Forman Dealer of the Year Award.
Mr. Forman was known to have used various tooling and machining companies to do his die work and striking for Madison Mint work. It seemed Mr. Forman had most likely contacted the Philadelphia firm of August C. Frank Company to engrave the Nevada Silver Company dies according to Moulton’s research.
Auction Location:
3651 S Lindell Rd Suite 259, Las Vegas, Nevada, 89103, United States
Previewing Details:
Central States Numismatic Society Annual Convention
Thursday, April 27 to Saturday, April 29, 2023
Renaissance Schaumburg Hotel and Convention Center
1551 North Thoreau Drive
Schaumburg, Illinois 60173
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Lot Specific Fees:
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
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Mail to:
VCD
1452 W. Horizon Ridge PKWY #663
Henderson, NV 89012
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Routing # 121000248
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Accepted Payment Methods:
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This is a public auction, conducted in accordance with these Terms and Conditions of Sale, by Vegas Coin Dealer LLC (hereinafter referred to as “VCD"). By bidding on any lot offered by VCD, the bidder indicates acceptance of the following Terms and Conditions of Sale.
BUYER'S PREMIUM A 20.00% buyer’s premium will be added to all successful bids, and is payable by the winning bidder as part of the total purchase cost.
SALES TAX
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BIDDING
All Bidders must meet Auctioneer's qualifications to bid[1]. Any Bidder who is not a client in good standing[2] of the Auctioneer may be disqualified at Auctioneer's sole option and will not be awarded lots. Such determination may be made by Auctioneer in its sole and unlimited discretion, at any time prior to, during, or even after the close of the Auction. To ensure the safety of all our bidders VCD reserves the right to request a minimum of two industry references and/ or a bank letter of credit for all new bidders. Auctioneer reserves the right to exclude any person from the auction.
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NO WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE IS MADE OR IMPLIED ON ANY LOT. NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, IS MADE WITH RESPECT TO ANY LOT EXCEPT FOR WARRANTY OF TITLE, AND IN THE CASE OF TITLE, AUCTIONEER IS SELLING ONLY THAT RIGHT OR TITLE TO THE LOT THAT THE CONSIGNOR MAY HAVE AS OF THE AUCTION SALE DATE. ALL LOTS ARE SOLD "AS IS" AND WITH ALL FAULTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING, QUALITY, DESCRIPTION, CONDITION, AUTHENTICITY, AND PROVENANCE OF A LOT. a. COINS AND CURRENCY LISTED IN THIS CATALOG GRADED BY PCGS, NGC, OR ANY OTHER THIRD PARTY GRADING SERVICE OR EXAMINED BY THE BUYER PRIOR TO THE AUCTION MAY NOT BE RETURNED FOR ANY REASON WHATSOEVER BY ANY BUYER,.
VCD is acting as an auctioneer. Title to the lots purchased passes directly from the Consignor to the Buyer. Accordingly, VCD is not making, and disclaims, any warranty of title. Bidder acknowledges that the numismatic market is speculative, unregulated and volatile, and that coin prices may rise or fall over time. VCD does not guarantee or represent that any customer buying for investment purposes will be able to sell for a profit in the future. Bidder acknowledges and agrees that neither VCD, nor its employees, affiliates, agents, third-party providers or consignors warrant that auctions will be unimpaired, uninterrupted or error free and accordingly shall not be liable for such events. Waiver and Release Bidder, for himself, his heirs, agents, successors and assignees, generally and specifically waives and releases, and forever discharges VCD, and its respective affiliates, parents, officers, directors, shareholders, agents, subsidiaries, employees, managers and members and each of them, and their respective successors and assignees from any and all claims, rights, demands and causes of actions and suits, of whatever kind or nature, including but not limited to claims based upon Auctioneer's negligence, whether in law or equity, tort or otherwise, whether known or unknown, suspected or unsuspected (a "Claim"), which Bidder may assert with respect to and/or arising out of, or in connection with any challenge to the title to or authenticity of any goods purchased, the sale itself, any lot bid upon or consigned, and/or the auction. It is the intention of Bidder that this waiver and release shall be effective as a bar to each and every Claim that may arise hereunder or be related to the Auction Sale. Disputes If a dispute arises concerning ownership of a lot or concerning proceeds of any sale, VCD reserves the right to commence a statutory inter-pleader proceeding at the expense of the Consignor and Buyer and any other applicable party, and in such event shall be entitled to its reasonable attorneys' fees and costs. VCD reserves the right to cancel or postpone the Auction Sale or any session thereof for any reason whatsoever. No Bidder shall have any claim as a result thereof, including for incidental or consequential damages. Neither VCD nor any affiliated or related company shall be responsible for incidental or consequential damages arising out of any failure of the Terms of Sale, the auction or the conduct thereof and in no event shall such liability exceed the purchase price, premium, or fees paid. Rights granted to Bidders under the within Terms and Conditions of Auction Sale are personal and apply only to the Bidder who initially purchases the lot(s) from VCD. The rights may not be assigned or transferred to any other person or entity, whether by sale of the lot(s), operation of law or otherwise. Any attempt to assign or transfer any such rights shall be absolutely void and unenforceable. No third party may rely on any benefit or right conferred by these Terms and Conditions of Auction Sale. Any dispute arising out of or related to these Terms of Sale, the Auction Sale or any lot, with the sole exception of actions by VCD to collect amounts owed to it and other damages, shall be submitted to binding arbitration with any arbitration hearing to occur in San Francisco CA and any arbitrator that is selected must be agreed to by both parties. Bidder shall pay any and all fees for the arbitration. Absent an agreement of the parties, the arbitrator shall limit discovery to that which is necessary to enable the hearing to proceed efficiently. The arbitrator shall not have the power to award punitive or consequential damages, nor alter, amend modify any of the terms of this Agreement. The award by the arbitrator, if any, may be entered in any court having jurisdiction thereof. Actions by VCD to collect amounts owed to it and other damages shall only be subject to arbitration at the sole discretion of VCD. Bidder acknowledges and agrees that the competent courts of the State of California shall have exclusive in personam jurisdiction, subject to the requirement to arbitrate, over any dispute(s) arising hereunder, regardless of any party's current or future residence or domicile. Bidder agrees that any arbitration or legal action with respect to this Auction Sale is barred unless commenced within one (1) year of the date of this Auction Sale.
[1] Auctioneer’s “Qualifications to Bid” include that an individual bidding must be at least 18 years of age, must have no prior bankruptcy filings, no outstanding judgments against them that have not been fully satisfied with a full satisfaction of judgment, no outstanding accounts in collections, and that they have no unpaid invoices with VCD
[2] “Client in Good Standing” shall be individuals who have met the “Qualifications to Bid” and in particular that there are no outstanding unpaid invoices with VCD