LOT #5941 |
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1863 10C Ten Cents, Judd-328, Pollock-398, Cassel-67, R.8, PR62 PCGS....
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Sold on Aug 14, 2015 for:
$1,645.00
Bid Source: Live: Floor bidder
Description
1863 Postage Currency Pattern in Aluminum
Judd-328, PR62
Very Rare Reeded Edge Striking, PR62
1863 10C Ten Cents, Judd-328, Pollock-398, Cassel-67, R.8, PR62
PCGS. 10.9 grains. Standard Postage Currency obverse and
reverse. Struck with a high percentage of aluminum with a reeded
edge. The actual metallic composition of this piece as determined
by SEM-EDX testing by QC Metallurgical on certificate number
60487.62/13189786 is 89.7% aluminum, 7.9% silver, 1.2% iron, and
1.2% silicon. Believed to be one of only two or three reeded edge,
aluminum pieces known. Silicon is never found uncombined in nature.
It is always combined with other elements, such as iron, copper, or
manganese, according to the New Columbia Encyclopedia. While
a small amount of silicon helped to harden and preserve the
surfaces of this pattern, environmental conditions after a century
and a half still has had an even greater influence on this coin's
preservation. The other two known examples of 11-grain aluminum
patterns with a reeded edge are in lower grades, and no silicon was
found in either. This leads to the conclusion that the more silicon
present in the aluminum alloy (as well as other base metal coins),
the higher the potential grade. On this piece, each side has
numerous spots of oxidation which accounts for the grade. These
reeded edge, 11-grain aluminum patterns have been tested and found
to contain alloys of silver, iron, silicon, and / or lead. The
11-grain, reeded edge aluminum patterns are exceptionally rare, and
only three are known. (No 8-grain, reeded edge variety exists.)
This aluminum Postage Currency pattern is the finest example
known.Ex: L.S. Ruder Collection (Stack's, 9/1987), lot 982; Doug Hales; Tom O'Mara; The Tom O'Mara Collection of Fractional Currency (Heritage Currency, 5/2005), lot 16148; to David Cassel.
From The David Cassel Collection.
Coin Index Numbers: (PCGS# 60487, Greysheet# 12522)
View all of [The David Cassel Collection ]
Auction Info
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago #1223 (go to Auction Home page)
Auction Dates
August, 2015
12th-16th
Wednesday-Sunday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
Page Views: 632
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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