Lesher Dollars (1900–1901)

Distributed in 1900 and 1901 by Joseph Lesher of Victor, Colorado, these private tokens were used in trade to some extent, and stocked by various merchants who redeemed them in goods. Coins were numbered and a blank space left at bottom of 1901 issues, in which were stamped names of businessmen who bought them. All are scarce; many varieties are extremely rare. Composition is .950 fine silver (alloyed with copper).