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Lot
2397

1868 1C One Cent, Judd-612, Pollock-677, Low R.7, PR64 Cameo PCGS. CAC....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Offers to date: $11,115 on October 14, 2014
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Auction Ended On: Apr 29, 2010
Item Activity: 10 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:

R.7 1868 Indian Cent Struck in Aluminum
Judd-612, PR64 Cameo
1868 1C One Cent, Judd-612, Pollock-677, Low R.7, PR64 Cameo PCGS. CAC. This extremely rare pattern is struck from the regular proof dies of 1868, but in aluminum with a plain edge. The Judd reference notes that two die pairs were used for this pattern. Per Judd: "One of the reverse dies also used to make restrikes of regular Proof 1864 With L cents (per Richard E. Snow); this die is not known to have been used to strike regular issue 1868 Proof cents, but was widely used from 1869 to 1871 (per Snow). This, plus the use of two die pairs, would seem to indicate that aluminum cents were struck on at least two different occasions."
As we wrote in the Lemus Collection, Queller Family Collection Part Two offerings, one might infer that many specimens were struck, but this is not the case. USPatterns.com estimates that only a half-dozen exist, a figure consistent with our own research, or perhaps slightly optimistic. This piece shows distraction-free, well-struck surfaces. The reverse die is rotated about 170 degrees, so that the piece is nearly in medal turn. Population: 1 in 64, 2 finer (3/10). (PCGS# 60824)

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