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Lot
3968

1869 P1C Indian Cent, Judd-671, Pollock-747, High R.7, PR68 Ultra Cameo 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: 11 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1869 Indian Cent Pattern
PR68 Ultra Cameo
Judd-671, Struck in Aluminum
Finest Certified Specimen
1869 P1C Indian Cent, Judd-671, Pollock-747, High R.7, PR68 Ultra Cameo NGC. CAC.
Design.
The obverse and reverse feature the same design used to coin regular-issue 1869 Indian cents. Struck in aluminum with a plain edge.

Commentary. Aluminum was considered a precious metal for most of the 19th century, with an intrinsic value close to silver in the 1860s. Several proposals were made to use aluminum in various denominations as part of an international coinage during this time period, but Judd-671 was produced for sale to collectors as part of complete denominational sets with off-metal composition. An example of such a set was offered in lot 235 of the Woodside Collection (New York Coin & Stamp, 4/1892):

"1869 Complete set 1c. to $20: like regular issues but in aluminum: only five sets struck: proofs; 16 pcs."


Fewer than half a dozen examples are known to collectors today, with NGC and PCGS combining to record just four certification events between them. This coin is the finest certified example by two grading points (3/13). Our Auction Archives reveal the last offering of any specimen of Judd-671 was the PR64 PCGS example in lot 9971 of the Baltimore Signature (Heritage, 7/2003), which realized $19,550. This incredible finest known specimen should bring much more, nearly a decade later.

Physical Description. Unlike many aluminum issues, this magnificent PR68 specimen shows no distracting spots or areas of dullness. The fields are completely brilliant and brightly reflective and the design elements exhibit razor-sharp definition throughout. The devices are richly frosted, creating intense cameo contrast with the flawless fields.
From The Eric P. Newman Collection. (PCGS# 60895)

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