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Lot
1582

1859 P$20 Twenty Dollar, Judd-257, Pollock-305, High R.6, PR63 Gilt NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 12 Internet/mail/phone bidders
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Location:

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

Description:
Gilt 1859 Paquet Double Eagle
Judd-257, PR63
1859 P$20 Twenty Dollar, Judd-257, Pollock-305, High R.6, PR63 Gilt NGC.
Design.
The obverse features Paquet's design with a seated figure of Liberty facing to the left, a fasces supported by her right hand and a shield by her left hand. Around, 13 stars, and below, the date. An eagle is partially hidden by the shield. The reverse design has a heavy wreath enclosing the date, denomination 20 DOLLARS, and legend UNITED STATES OF AMERICA. The lettering is all in Paquet's distinctive style, apparently not used by any other engravers. Struck in copper, gilt, with a reeded edge.

Commentary.
About 20 of these patterns are thought to exist per USPatterns.com, and many are gilt like this piece. Andrew Pollock notes that the earliest auction appearance of Judd-257 was in 1870, according to a comment made by 19th century numismatist Thomas Birch. That comment suggests these pieces may be restrikes.

Physical Description.
Deeply mirrored yellow surfaces exhibit a few faint contact marks and nearly imperceptible hairlines. Some additional lint marks are present, as is some faint pitting. This piece was probably plated long after it was struck. NGC Census: 4 in PR63 gilt, 4 finer gilt. PCGS Population: No gilt pieces certified (12/08).

Provenance.
Ex: Stack's private treaty.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 12025)

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