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Lot
1600

1863 2C Two Cents, Judd-313, Pollock-378, High R.7, PR63 NGC....

2009 January Orlando, FL FUN Auction #1121

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

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

Description:
Extremely Rare 1863 Two Cent Pattern
Judd-313, PR63
1863 2C Two Cents, Judd-313, Pollock-378, High R.7, PR63 NGC.
Design.
The obverse centers around a wide heraldic shield with arrows behind and a thick wreath draped down either side. A scroll with motto GOD OUR TRUST above and the date below. The reverse features the denomination 2 CENTS surrounded by a wreath of wheat, with UNITED STATES OF AMERICA around. Struck in copper-nickel with a plain edge.

Commentary.
Judd-313 was struck in late 1863, as the Mint experimented with designs for the two cent piece that would begin production in 1864. An early auction appearance was in the Parmelee Collection (New York Coin and Stamp, 6/1890), lot 130, where the coin was paired with an example of Judd-312.

The extreme rarity of the issue has been underestimated in the past. Sometimes, when a coin is unavailable for a long period of time, the numismatic community loses touch with the issue. "Out of sight, out of mind" seems to apply in this case. A search of auction records has failed to uncover an appearance of Judd-313 in the last 15 years. One of the few surviving examples is impounded in the ANS Collection. NGC and PCGS have certified a total of four examples of Judd-313, assuming no resubmissions have occurred. The present example has been off the market for 17 years. Clearly, this offering is an important opportunity to acquire an underappreciated numismatic rarity.

Physical Description.
Brilliant, reflective fields complement a remarkable strike. Chromium steel flash remains in the center of the shield, while the periphery is cloaked in attractive reddish-gold. A few flyspecks and a small obverse smudge account for the grade. NGC Census: This is the sole Judd-313 certified by NGC. PCGS Population: One each in PR63, PR64, and PR65 (12/08).

Provenance.
Ex: Public Auction Sale (Stack's, 5/1991), lot 496.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 60469)

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