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1826 NGC AU58 Erie Canal Comp. So Called Dollar HK-1
Coin is No Longer
Available
1826 NGC AU58 Erie Canal Comp. So Called Dollar HK-1
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Medal issued by Common Council, City of New York, designed by Archibald Robertson, engraved by Charles Cushing Wright, first die-sinker in the country”, struck by Maltby Pedetreau.
Erie Canal Commission created 1810 by N. Y. Legislature, DeWitt Clinton, later Governor, served as member 10 years without pay. Ground broken July 4, 1817 at Rome, N. Y. Over 8 years and $7,000,000 later, Canal stretched 364 miles straight as the lay of the land would permit from Hudson River to Lake Erie, 83 locks required for "greatest engineering feat of modern times . . . costliest, most successful project yet undertaken in the New World."
Originally dubbed "Clinton’s Folly" by many, Canal proved one of main factors in our national development by directly opening West to agriculture, reduced freight cost and time, Albany to Buffalo, from $100 per ton and 45 days (by wagon) to $5 and 6 days, passengers paid 5 cents per mile, including 3 meals daily. By 1836, tolls had paid off entire cost, made New York City first seaport in U.S., passing Philadelphia. Now part of N. Y. Barge Canal System, original 40 ft. width and 4 ft. depth have been increased substantially.
Formal opening was Oct. 26, 1825 with vessel Seneca Chief carrying Governor Clinton departing Buffalo, arrived N.Y.C. Nov. 4. Long water-parade behind "moved slowly" with banquets, parades, etc. "at every town" en route, climaxed by huge New York celebration early 1826. Fifty-one Gold medals struck, presented to "crowned heads of world and eminent men" including General Lafayette and 3 surviving signers of Declaration of Independence. "Several hundred" pieces struck n Silver and White Metal (pewter), presented to guests and officials. Today, Silver specimen is uncollectible, with White Metal extremely rare.
Obverse: Two full seated figures depicting Pan and Neptune, to r. of Pan is cornucopia, in background is lighthouse and sea, below microscopic R. Del (remainder illedible) W. Sc., above all, around Union of Erie with the Atlantic
Reverse: In center is New York State Coat of Arms, to l. is section of Canal, in background is sailing ship and distant view of city, below 1826 / Presented by the City of New York, above all, around Erie Canal Comm. 4 July 1817 Comp. 26 Oct. 1825 microscopic C.C. Wright Sc just below center design.
-Above from http://www.so-calleddollars.com/Events/Erie_Canal_1826.html
Please also note that NGC made an error and put 1926 instead of 1826 on the holder. If you want me to reholder it for you, simply request so after you purchase it. I'll pay the fees.
This
Coin Has Been Viewed 1621 Times
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