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Utopia Dollars

Sale from the Ford collection. The final bid was $9,400 !

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The Eutopia Dollar was "created" by Nicholas Veeder in the 1880s during a period of national debate over the relative values of gold and silver in the U.S. monetary system.  Note that it was actually designed by his wife (Mary Jane Grieg), an English artist.

https://dickjohnsonsdatabank.com/grieg-mary-jane.html

During the 1870s-1880s, the value of silver in coinage markedly decreased due to market oversupply; as a result, gold became the global monetary standard.  Numerous efforts by silver champions such as William Jennings Bryan, in support of farmers and miners during this time, eventually failed.  Areas like Pittsburgh Pennsylvania, where Nicholas Veeder lived, had a strong interest in shaping monetary policy given their local steel, mining, and agriculture industries.  Nicholas Veeder, who had published a 68-page booklet earlier in 1885 on the practicality of co-metallic coinage, marketed the Eutopia Dollar with an 11 mm gold center encircled by a 33 mm silver ring.

The obverse gold center design of the “all seeing eye” with rays, surrounded by silver with a Republic of Eutopia.  The Republic of Eutopia was a fictional country described in Thomas More’s 1516 book, Utopia.   The term “Eutopia” in the original Greek, “Eu-topos” means “good place” or an ideal society where laws, social norms, and the economy functioned perfectly.  The reverse features the silver and gold metal contents on the gold center surrounded by 12 zodiac signs in silver.   In the late 19th century, astrology was experiencing a revival fueled by a growing cultural fascination with spiritualism and cycles of time.  The zodiac signs on medals were meant to invoke rich imagery of nature, beauty, and mystery.