1820 CORONET HEAD 1C, LARGE DATE MS65 Red Brown
GEM, GLOSSY RED BROWN SURFACES.
NGC Graded Higher:
An ever expanding United States adds Maine to the Union in 1820 while the newer inland states take a step back by passing the Missouri Compromise, allowing Slavery to move westward. During this union expansion, railroads had to be built at alarming rates to keep up with population and emigrations, meaning these tracks were not always correctly or safely installed. As a result, many of these railroads had to be replaced after the Civil War, especially in the South. Upon renovating a railway in Georgia, workers discovered a large keg filled with over 14,000 mint condition coins dated from 1816 to 1820. Regardless of the condition, there was little interest in the coins so the keg was sold off to a man in New York where he passed the coins out to publicize his store. Eventually, with many coins still remaining, John Randall acquired the collection for an excellent price and slowly sold them off until his death. After the collector’s death, the remaining coins were sold at auction for next to nothing. It is believed that the majority of the coins still around today are from Randall’s coin haul.