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Lot
1665

1866 10C Ten Cents, Judd-534, Pollock-599, High R.7, PR64 NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 5 Internet/mail/phone bidders
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Location:

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

Description:
Very Rare 1866 Seated Dime
Pattern Struck in Nickel
Judd-534, PR64
1866 10C Ten Cents, Judd-534, Pollock-599, High R.7, PR64 NGC.
Design.
Both obverse and reverse dies are the familiar design used to strike regular-issue dimes in 1866. Struck in nickel with a reeded edge.

Commentary.
This design was reportedly struck in two compositions, nickel and silver-nickel. Modern researchers doubt that the silver-nickel coins exist (see USPatterns.com). Robert Coulton Davis listed the issue as number 232 in his pioneering work on patterns. Davis indicated that the pattern was struck in nickel, and made no mention of the silver-nickel alloy. An early auction appearance of the pattern was in the Parmelee Collection (New York Coin and Stamp, 6/1890), lot 159. The lot description reads, "1866 Dime: same as regular issue, but in silver-nickel alloy: proof; rare." It is possible that the Parmelee description is the source of the silver-nickel composition story. William Woodin purchased coins at the Parmelee sale, and the piece may have ended up in his collection. Adams and Woodin picked up the silver-nickel alloy story and listed the variety as number 540 in their 1913 work on patterns. The issue has been listed in pattern references ever since. Testing of known specimens needs to be done to settle this question. Experts estimate less than six examples are extant.

Physical Description.
Brilliant, lightly toned surfaces. The strike is a little soft on Liberty's head and on the reverse bow, as often seen on this issue. Nickel is a hard metal, and striking difficulties are common on nickel coins. Only a few handling marks in the fields, better than average for the grade. NGC Census: Three coins total, all grading PR64, one of which is designated as a Cameo. PCGS Population: Two coins, both graded PR64 (12/08).

Provenance.
Ex: Jerry Buss (Superior, 1/1985) lot 559; L.W. Hoffecker Collection (Superior, 2/1987), lot 946a.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 60732)

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