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Lot
1536

1851 DT$1 Dollar, Judd-132 Restrike, Pollock-159, Low R.7, PR66 Brown NGC....

2009 January Orlando, FL FUN Auction #1121

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

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

Description:
Tied for Finest Certified 1851 Silver Dollar
Pattern Struck in Copper
Judd-132, PR66 Brown
1851 DT$1 Dollar, Judd-132 Restrike, Pollock-159, Low R.7, PR66 Brown NGC.
Design.
Both obverse and reverse dies feature the designs used to coin the 1851 silver dollar restrikes. The obverse can be distinguished from the original 1851 dies because the date is centered. On the original dies the date is slanted upward. Struck in copper with a reeded edge.

Commentary.
The rarity of the silver dollars of 1851 was recognized by collectors in the earliest days of the hobby. Mint Director James Ross Snowden responded to collector demand by including the 1851 silver dollar in his restrike program in 1859. Silver restrike examples were available right away, but copper specimens appeared on the market only several years later. The first auction appearance of Judd-132 was in the F.S. Edwards Sale (Edward Cogan, 10/1865), lot 1995. The cataloger described the coin in his typical, terse style: "1851, Fine proof. In copper. Silver dollar size." The lot sold for $12, a considerable sum in those days. This issue has remained popular with collectors ever since and always causes excitement in its rare auction appearances.

The present coin was featured in the 195th Auction Sale (Bolender, 3/1959), lot 115. Bolender's description follows, "1851 Trial piece for silver dollar, struck in copper, from regular dies. AW-144. Proof. Excessively rare, only 4 or 5 minted. Edgar H. Adams, author of the Adams-Woodin book on U.S. Pattern Coins, had his specimen priced at $250 more than 30 years ago, when I purchased part of his collection, including his 1851 dollar in copper. This is not the same coin, and only the second I have handled, in over 50 years of dealing. More than 100 times as rare as the 1851 dollar in silver which sells for over $500." Since Bolender's time, a few more examples of Judd-132 have surfaced, but the issue remains elusive. USPatterns.com estimates fewer than one dozen specimens exist. The present offering represents a rare opportunity to acquire this highly sought-after issue in virtually unimprovable condition.

Physical Description.
Sharply struck, with fine detail visible on all design elements. There is a partial wire rim on both sides. Deep brown color is pleasingly mixed with subdued mint red, with cerulean-blue highlights. Outstanding eye appeal. NGC Census: 1 in PR66 Brown, none finer. PCGS Population: None graded higher than PR64 Red and Brown (12/08).

Provenance.
Ex: 195th Sale (Bolender, 3/1959), lot 115; The June Sale (Stack's, 6/1986), lot 434.
From The Lemus Collection, Queller Family Collection Part Two.
(PCGS# 11563)

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