Original blog entry: https://thehawaiiananumismatist.com/2013/05/28/hawaii-the-49th-state/
If you understand the NGC requirements to get a specimen properly numerically graded (PR 1 – MS70) you will understand why the HK-722, HK-722A, and HK-722B so called dollars have an extremely low NGC population.
Current July 2014 NGC population (unchanged since my original blog entry) are:
HK-722b: 0 (not even listed)
The HK-722 series has a dilemma.
The dilemma is that holed specimens cannot be numerically graded and fall into the DETAILS category. Majority of the HK-722 specimens are holed, thereby eliminating it from obtaining a NGC numerical grade. The hole removes the “49” error. Most specimens are holed. Even the HK example is holed http://www.so-calleddollars.com/Events/Hawaii.html
What does this mean?
If you see an un-holed HK-722 series specimen, its a rarity and it maybe possible to get a NGC numerical grade. And once it does, it will fall into the elite NGC numerical population that will command a monetary premium by so called dollar collectors or Hawaiiana collectors…
As a side note: I highly recommend that you understand the NGC details grading. It will alert you in avoiding coins/medals that will hinder its future increase in value as an investment. Mounted, holed, and corrosion are just a few…
You can my collection of Hawaii undated so-called dollars type set at https://coins.www.collectors-society.com/wcm/CoinCustomSetGallery.aspx?s=12173 and https://coins.www.collectors-society.com/wcm/CoinCustomSetView.aspx?s=12173