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Lot
4364

1851 P1C One Cent, Judd-127 Original, Pollock-149, Low R.6, PR64 NGC....

2011 March Sacramento Signature ANA US Coin Auction #1153

 
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Auction Ended On: Mar 18, 2011
Item Activity: 10 Internet/mail/phone bidders
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Location: Sacramento Convention Center
1400 J Street
Hall A
Sacramento, CA 95814

Description:
1851 'Ring' Cent, Struck in Billon
Judd-127, PR64
1851 P1C One Cent, Judd-127 Original, Pollock-149, Low R.6, PR64 NGC. Ex: Lemus. The simple obverse design consists of the peripheral notations CENT above, and ONE TENTH SILVER below. The reverse employs an open wreath, with the legend UNITED STATES OF AMERICA around. Medallic turn. Struck on a perforated billon planchet with a plain edge.
A bill drafted by Congressman Sam F. Vinton in 1849 called for a reduction in the size of the one cent coin. Judd-127 was an experimental attempt to reduce the size of the coin, while maintaining the same intrinsic value. The perforated annular planchet made it easy to distinguish the coin from a dime, which was nearly the same size. Unfortunately, the annular design created many problems in the striking process, particularly with ejection of the struck coins. The small size Flying Eagle cent was eventually selected to replace the old large cent design.
The undisturbed satin surfaces are covered with attractive gray and golden-brown patina. A pleasing example of this distinctive design.
Ex: Stack's private treaty transaction; Lemus Collection, Queller Family Collection Part Two (Heritage, 1/2009), lot 1535. (PCGS# 11545)

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