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Lot
6422

1870 $20 Twenty Dollar, Judd-1039, Pollock-1174, High R.7, ...

2004 June Long Beach Signature Sale #349

 
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Auction Ended On: Jun 3, 2004
Item Activity: 10 Internet/mail/phone bidders Number of Bidders
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Description:
Important 1870 Twenty Dollar in Aluminum, Judd-1039
1870 $20 Twenty Dollar, Judd-1039, Pollock-1174, High R.7, PR64 Cameo PCGS. A possibly unique die trial striking from regular issue 1870 Double Eagle dies, but struck in aluminum with a reeded edge. Examples of aluminum strikings are also known for the other gold denominations of this year, which were likely produced as presentation pieces. Specimens are also known in copper and in nickel. The primary source of these important patterns is the 1954 auction of the King Farouk holdings, also the origin of this aluminum representative. A small flip that accompanies attributes the piece to the Palace Collection, although it is not signed like the 1885 $5 aluminum pattern later in the sale.
This specimen appears to have escaped the harsh treatment received by many of the Farouk coins, its bright, watery mirrors being totally void of hairlines. A squiggly hairline planchet crack that angles down from Liberty's upper lip is nearly expected of early aluminum strikings and a few paper thin grease stains are noticed on the portrait. The only post minting blemish we can find is a shallow frost break on Liberty's neck. Of course, these rather trivial distractions are made even more inconsequential by the uniqueness of this important offering.
Ex: Palace Collection (Sotheby's, 1954), lot 1833. (#61288) (PCGS# 61288)

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