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Lot
3705

1863 $1 Dollar, Judd-345, Pollock-417, Low R.7, PR65 NGC. CAC....

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143

 
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Auction Ended On: Aug 11, 2010
Item Activity: 5 Internet/mail/phone bidders
1,032 page views
Location:

Hynes Convention Center
900 Boylston Street
Boston, Massachusetts 02115

Description:

1863 With Motto Seated Dollar, PR65, Judd-345
1863 $1 Dollar, Judd-345, Pollock-417, Low R.7, PR65 NGC. CAC. A so-called transitional issue, this pattern uses the dies of the regular Seated Liberty dollar of the year, but it bears the addition of the motto IN GOD WE TRUST on a swirling scroll on the reverse, of the type introduced on circulating (intended to circulate, at least) coinage in 1866. Struck in silver with a reeded edge.
To quote from the Judd-345 in our Lemus Collection (1/2009):

"The Judd ninth edition comes down firmly on one point--that no two cent pieces made in 1863 also display either the mottos IN GOD WE TRUST or GOD OUR TRUST: 'These transitional patterns were not made in 1863 or any time close. None were known to exist until the 1870s and, further, they employ a reverse die thought to have been first used on a regular basis a few years after the date on the coins.'
"The explication concerning the silver IN GOD WE TRUST coinage is much less clear--purposely fuzzy? One hopes not. 'A series of pattern quarter dollars, half dollars, and silver dollars with motto IN GOD WE TRUST above the eagle on the reverse began this year and continued through 1865. At a later date, possibly 1865, patterns for the silver coins were made with IN GOD WE TRUST. It was a natural marketing idea to resurrect some older Proof dies dated 1863 and 1864 and thus produce patterns for these dates.'
"The relevant text in the Bowers Bass Museum Sylloge is more direct, although still full of questions: 'Certain quarter dollars, half dollars, and silver dollars were struck with the motto IN GOD WE TRUST, ... . Whether these pieces were backdated 1863 and made at a later date is not known. The entire era of the 1860s was one of many private productions for the numismatic trade.' USPatterns.com estimates that about a dozen are known, commenting that 'these were made after 1866, possibly into the early 1870s."


The mirrored fields flash strongly through the deep layers of reddish-gray and peripheral blue seen on each side. The surfaces appear nearly defect-free and transcend the Gem grade. (PCGS# 60507)

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