by | Feb 4, 2024 | History, Numismatics

1901 Niagara Falls Pan-American Exposition Medal MS61 NGC. Aluminum, 31.7 mm.

In 1901, Buffalo, New York was one of America’s preeminent cities.  Its growth and stature were largely a result of its geography.  Located on the shore of Lake Erie, Buffalo had access to the great lakes and the trade that they brought, which caused it to be a place of importance for the commercial trade in Western New York.

Also of great importance is the proximity of Buffalo to Niagara Falls.  This natural wonder, a major tourist attraction both then and now, was also a huge source of hydroelectric power, a technology that was still in its infancy at the turn of the century.  Originally, Buffalo’s 25-mile distance from the falls had meant that it was too far to benefit from this power source, but Nicola Tesla’s work developing alternating current in the 1880’s meant that electric power from Niagara could be transported to Buffalo, allowing the city to become one of the first to be powered with a modern, sustainable electric system.

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Jon Lerner

Jon Lerner, Scarsdale Coin president, is a recognized expert in the numismatist field. Jon has spent over 30 years collecting and evaluating coins. He is often sought out by fellow coin collectors for his advice and knowledge of rare coins.


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Scarsdale Coin

Jon Lerner, a renowned figure in numismatics, discovered his passion for rare coins in his Scarsdale, New York upbringing. With a keen eye for quality, he founded Scarsdale Coin in 1985, quickly establishing it as a premier destination for collectors. Beyond dealing, Jon is a respected speaker and prolific writer, sharing his expertise with enthusiasts worldwide. His commitment to integrity and professionalism has earned him admiration throughout the numismatic community. Jon remains dedicated to enriching collectors' experiences and preserving the legacy of rare coins for future generations.