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Lot
5479

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

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 4 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
1851 Copper Seated Dollar, PR66 Brown
Judd-132 Restrike, Ex: Bolender/Queller
1851 DT$1 Dollar, Judd-132 Restrike, Pollock-159, Low R.7, PR66 Brown NGC. 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.
Mint Director James Ross Snowden responded to collector demand for the 1851 silver dollar by including it in his restrike program in 1859, but copper specimens did not appear on the market until several years later. The first auction appearance of Judd-132 was in the F.S. Edwards Sale (Edward Cogan, 10/1865), lot 1995. 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 partial description includes: "Excessively rare, only 4 or 5 minted. ... 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 USPatterns.com estimates fewer than one dozen specimens exist.
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.
Ex: 195th Sale (Bolender, 3/1959), lot 115; The June Sale (Stack's, 6/1986), lot 434; Lemus/Queller Collection, Part Two (Heritage, 1/2009), lot 1536.
(PCGS# 11563)

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