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Lot
1649

1865 $20 Twenty Dollar, Judd-453, Pollock-526, High R.6, PR66 Brown NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

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

Description:
Spectacular 1865 Double Eagle Pattern
Judd-453, PR66 Brown
1865 $20 Twenty Dollar, Judd-453, Pollock-526, High R.6, PR66 Brown NGC.
Design.
The obverse is the familiar Liberty Head design used on regular-issue coinage in 1865. The reverse design is the type adopted in 1866, with IN GOD WE TRUST in the circle of stars above the eagle's head. Struck in copper with a reeded edge.

Commentary.
A true transitional pattern, Judd-453 was struck in 1865. There are more than a dozen survivors accounted for today, a larger number than would be needed to test the dies. It is likely that some pieces represent restrikes made for sale to collectors at a later date. The first auction appearance of Judd-453 was in the Idler Collection (Haseltine, 4/1870), lot 223. Idler was Haseltine's father-in-law, and both men were closely connected to the underground market in restrikes.

A prominent die crack is seen to the left of the date on this coin, as well as on several other examples of Judd-453. The die crack is present on one of the two known specimens of Judd-452, from he same dies as Judd-453 but struck in gold. It seems reasonable to conclude that the perfect die examples of Judd-453 were struck as die trials in 1865, after which the dies were used in regular coinage. The examples with the die crack probably represent restrikes, made at a later time. According to Andrew Pollock in United States Patterns and Related Issues, some examples of Judd-453 have been bronzed or gilded.

Physical Description.
An extraordinary strike. Every detail of the design is fully brought up. The undisturbed surfaces are accented by iridescent red, orange, and violet toning. Outstanding eye appeal. NGC Census: 1 in PR66 Brown, none finer. PCGS Population: 1 in PR66 Brown, none finer (12/08).

Provenance.
Ex: Stack's private treaty transaction.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 60640)

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