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Lot
2808

1860 E50C Half Dollar, Judd-269, Pollock-317, R.8--Scratched, Improperly Cleaned--NCS. XF Details....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
1860 Barclay Experimental Half Dollar in Copper
Judd-269, XF Details
One of Only Three Known
1860 E50C Half Dollar, Judd-269, Pollock-317, R.8--Scratched, Improperly Cleaned--NCS. XF Details. Obverse and reverse are both struck from regular dies. However, the edge shows indistinct lettering. The Judd reference states these pieces were most likely part of the Barclay experiments. Barclay was responsible for anti-counterfeiting measures, and in a letter to the Secretary of the Treasury dated August 23, 1860, Dr. R.E. Rogers and Professor Henry Vethake recommended Barclay's plans:

"The appropriation which would be demanded for this, considerable as it might be deemed, would, we feel assured, be utterly insignificant in amount compared with the vast pecuniary and moral benefits which the proposed reforms would confer on the country."

Barclay's plans were not put in place, however, and the Civil War intervened, causing his plans to be permanently shelved. There are, however, three half dollars known that are a result of his coinage experiments. One is in the Connecticut State Library, the second was formerly in the Judd Collection and is part of the Queller Collection (this piece), and the third was also a part of the Queller Collection (sold in January).
All three of the Barclay half dollars were defaced with chisel marks. The surfaces of this coin show the bright evidence of cleaning. The NCS disclaimer also states "Scratched" and pinscratching is evident to the left of the eagle's left (facing) wing. A rare opportunity to acquire this experimental piece.
From The Lemus Collection, Queller Family Collection Part Three. (PCGS# 12069)

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