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Lot
3934

1863 P1C With L Indian Cent, Judd-301, Pollock-363, R.7, PR66 Red NGC. CAC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 6 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1863 With L Indian Cent, PR66 Red
The Finest Certified Judd-301
The Only Full Red Specimen
1863 P1C With L Indian Cent, Judd-301, Pollock-363, R.7, PR66 Red NGC. CAC.
Design.
The regular issue dies with a pointed bust and Longacre's initial L on the ribbon. An extensive network of die polishing lines covers the obverse and reverse fields. Struck in bronze with a plain edge.

Commentary. Richard Snow has determined that the reverse die dates to 1871, indicating that this and related patterns are restrikes from the early 1870s. Examples are known in bronze, as offered here, as well as copper-nickel and aluminum. Those pieces identified as "oroide" are unconfirmed. Approximately half a dozen examples of the bronze composition pieces are known in all grades, including at least one held by the Connecticut State Library. If their second piece described as oroide proves to be bronze as suspected, then that facility has two examples of Judd-301. NGC and PCGS have certified seven submissions of Judd-301, including six Red and Brown pieces that grade PR63 to PR65, and this example is the only PR66, the only Red specimen, and the only example with a Star or Plus designation.

Physical Description. The deeply mirrored proof surfaces fill the fields on both sides of this Premium Gem, showing brilliant orange mint color. A thin crescent of violet and light blue toning appears at the upper right obverse border with a few faint splashes of delicate blue toning on the reverse high points. The devices are boldly defined with satin luster that results in light cameo contrast.

Provenance. "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $75; Eric P. Newman Numismatic Education Society.
From The Eric P. Newman Collection. (PCGS# 80456)

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