1694 Carolina Elephant Token, PROPRIETORS
|Country: United States
||Year issue: 1694
||Sale date: 2007-07-26
Rare coin 1694 year issue - United States. Important 1694 Carolina PROPRIETORS "O Over E" Type PCGS Graded Very Fine-30
1694, Carolina Elephant Token, PROPRIETORS with "O Over E" Type, PCGS graded Very Fine-30.
This outstanding coin appears to be the finest example we have offered of this major, very rare PROPRIETORS with "O Over E" type. It is a pleasure to behold, being far above average for any typical Elephant Token, never mind this rare Carolina variety. This coin has smooth, hard brown to medium brown surfaces and there are only a few tiny scattered nicks from circulation. The obverse elephant has definite areas of detail that are EF, specially having such a sharply detailed head, ears, tusks, body and tail. The reverse text is well centered and very clear, with only a few letters and designs being weak along the far right side, primarily the word "AND" of the third line. Otherwise, all of the reverse legends are clear and quite even in wear, those remarkable details being a pleasure to read. Rarely do coins of this caliber appear on the market for collectors. As has been the case for such superior quality major rarities of late, we would expect this coin to bring full Guide Book value or greater. An important opportunity for serious Colonial and United States coin collectors. The NGC Population Report indicates that they have not recorded any examples of the Carolina Elephant tokens. The PCGS Population Report records only 9 examples of Carolina Elephant tokens; 1 Uncirculated, 1 AU, 3 in VF (of which this is one), and 3 lower grade pieces. The 2008 Guide Book lists a value for this major type of $13,000 in VF-20 and of $20,000 in EF-40.
Coin price 26 July 2007 22000 *.
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