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On this second version, time-consuming operations associated with the early version were reduced greatly. For example, the legends that were applied by hand to the edge faces in earlier issues were now cut directly into the obverse die. That one improvement eliminated seven single steps in the production process. Plus, the date (1851) and fineness (880) were carved into the die instead of needing to be punched in by hand, which eliminated two more steps. And reeding replaced the edge lettering in order to prevent clipping or shaving.
Don Kagin attributed this version as K-5 in his 1981 book, Private Gold Coins and Patterns of the United States. Kagin listed this variety as Low R-5, indicating that there are about 75-100 survivors. Due to their heavy weight, many of these coins have bruises or dents on the corners, such as this offering from AUCM. They were not intended for circulation - only the melting pot!
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‘’AU Capital Management, LLC is a leading supplier of rare coins, paper money and precious metals. Committed to authenticity, they strive to serve customers with high-quality goods they'll treasure..’’
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‘’AU Capital Management, LLC is a leading supplier of rare coins, paper money and precious metals. Committed to authenticity, they strive to serve customers with high-quality goods they'll treasure..’’
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‘’AU Capital Management, LLC is a leading supplier of rare coins, paper money and precious metals. Committed to authenticity, they strive to serve customers with high-quality goods they'll treasure..’’
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