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Lot
2809

1861 $5 Five Dollar, Judd-283, Pollock-336, Low R.7, PR65 Red and Brown NGC....

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:
Rarely Seen 1861 Five Dollar Pattern
Judd-283, PR65 Red and Brown
1861 $5 Five Dollar, Judd-283, Pollock-336, Low R.7, PR65 Red and Brown NGC. This rarely seen five dollar pattern is a large-diameter coin with the Longacre design from 1860: Liberty facing right, wearing a Phyrgian cap, three stars above the forehead, date below. The reverse is also from a Longacre design and shows a spread-winged eagle. Struck in copper with a reeded edge. The lettering appears to have been done by Anthony Paquet. Interestingly, the V in FIVE on the lower reverse is an inverted A--seen here with no attempt made to polish away the crossbar of the A. These pieces are known on both thin and thick planchets. This is a thin planchet piece.
These patterns were proposed as an anticounterfeiting measure; by making the diameter of the coin larger the thickness would be reduced, thereby making it more difficult to drill out the interior of the coin and fill it with a metal other than gold. This piece retains most of the original red mint luster with occasional dabs of blue-brown in the fields. A few small carbon spots are also seen on each side. This is the first example we have offered of this rare pattern in at least 15 years.
From The Van Treuren Collection. (PCGS# 70429)

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