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Lot
1532

1850 P1C One Cent, Judd-124 Restrike, Pollock-139, Low R.7, PR64 NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
1850 One Cent, Judd-124 Restrike, PR64
1850 P1C One Cent, Judd-124 Restrike, Pollock-139, Low R.7, PR64 NGC.
Design.
ONE above, CENT below a central ringed area, which on some of its siblings is perforated, but not here. Rosettes are to the left and right. The reverse offers USA above, ONE TENTH SILVER at top and bottom. Struck in copper-nickel with a plain edge.

Commentary.
An experiment in producing a smaller-size cent piece, one intended, of course, to be produced in silver with a central perforation to lower the weight and corresponding silver content. The originals were produced in billon (90% copper, 10% silver), with weights from 24 to 26 grains, but they were too subject to counterfeiting, among other difficulties with the issue.

Physical Description.
Light gray-rose color covers both sides, with some minor flecks noted on both sides but nonetheless attractive. The reverse (ONE TENTH SILVER) side shows extensive peripheral die breaking through the legends. The die apparently shattered early during the striking of the originals. NGC Census: 1 in PR64, 2 finer. PCGS Population: 4 in PR64, none finer (12/08).

Provenance.
Ex: Stack's auction (6/1980).
From The Lemus Collection, Queller Family Collection Part Two.
(PCGS# 11532)

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