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Lot
1260

1866 5C Shield Five Cents, Judd-495, Pollock-582, High R.7, PR64 Brown NGC....

2009 October Signature US Coin Auction #1130

 
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Auction Ended On: Oct 23, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location:

Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Preliminary Lot Viewing
The Saint Charles Convention Center
Booth 501
Saint Charles, MO 63303

 

Description:
Seldom-Seen 1866 Five Cent Pattern in Copper
Judd-495, PR64 Brown, Ex: Farouk
1866 5C Shield Five Cents, Judd-495, Pollock-582, High R.7, PR64 Brown NGC. The obverse design features the familiar heraldic shield with arrows, cross, and laurel branches. The shield is low in the field and divides the date 18-66. The motto IN GOD WE TRUST is engraved in small letters above the shield. The reverse shows a short numeral 5, centered in a thick laurel wreath, with the legend UNITED STATES OF AMERICA around. Struck in copper with a plain edge.
The Act of May 17, 1866 authorized a new five cent coin. Many patterns were devised in the search for a new coin design. The present example displays the Union Shield obverse, similar to the design used on the two cent coin of 1864. This design closely resembles the obverse adopted for business strikes, which began to appear in the summer of 1866.
This coin boasts an illustrious pedigree, appearing in some of the most important collections of the 20th century. The issue is extremely rare, and years often pass between auction appearances.
The present coin has a strong strike, with crisp detail in all devices. The reflective fields are accented by attractive shades of crimson and electric blue toning. The surfaces have relatively few handling marks for the grade, and eye appeal is excellent. A few small handling marks on the loop of the 5 provide a pedigree marker. Census: 3 in 64 Brown, 0 finer (9/09). PCGS has graded two pieces finer, both 65 Brown.
Ex: J. Brenner; F.C.C. Boyd; King Farouk; Palace Collections of Egypt (Sotheby's, 2/1954), lot 1800; Hirt (Pine Tree, 11/1975), lot 249; Auction '84 (Superior, 7/1984), lot 492; The Lemus Collection, Queller Family Collection Part Two (Heritage, 1/2009), lot 1660. (PCGS# 60691)

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