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Auction Name: 2020 November 19 - 22 US Coins Signature Auction

Lot Number: 3132

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1864 1C With L Indian Cent, Judd-361, Pollock-432, Snow-PT3d, R.8, PR61 PCGS. Ex: Simpson. This is an 1864-L Indian cent struck in aluminum with a plain edge. These patterns were struck from two different obverse dies: one with the 1 aligned with the bust tip, believed to be originals, and one with the 1 right of the bust tip, thought to be restrikes. This piece falls into the latter category, with Saul Teichman writing on

"Like the similar 1863-L pieces, this obverse is a novodel made circa 1869 to the early 1870s and was combined with a reverse die used for striking circa 1868-1871 proofs per Dave Bowers and Richard Snow.

"These latter pieces are related to the 1864 two cent, trime, half dime and dime novodels and were probably made for inclusion in sets with the quarter, half dollar and dollar with "In God We Trust" on the reverse as used from 1866-1891."

Reportedly, only two examples of Judd-361 are known: the present PR61 example that was almost certainly offered as the cleaned Stack's 9/1989 coin, and the ex: Judd coin certified as PR65 Cameo, which we offered as part of our September 2013 Long Beach Signature sale. For reference, that coin brought $88,125. This example is obviously hairlined, but its absolute rarity and desirability as a famous type and off-metal product more than overcome that honest condition issue. Design definition remains razor-sharp, and the fields and devices are noticeably contrasted despite the hairlines.
Ex: Public Auction Sale (Stack's, 9/1989), lot 1428.
Collecting Patterns – A Brief History and Commentary

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