LOT #5938 |
Sold on Aug 14, 2015 for: Sign-in
or Join (free & quick)
1863 10C Ten Cents, Judd-327, Pollock-397, Cassel-59, High R.6, PR66 NGC....
Click the image to load the highest resolution version.
Sold on Aug 14, 2015 for:
$4,935.00
Bid Source: Live: Floor bidder
Description
1863 Aluminum Postage Currency Pattern
Judd-327, PR66, Alloyed With Silicon
1863 10C Ten Cents, Judd-327, Pollock-397, Cassel-59, High R.6,
PR66 NGC. 8 grains. The obverse depicts a Union shield pierced
by two arrows; a simple wreath rests above. The remainder of the
design consists of token-like legends; EXCHANGED FOR U.S. NOTES on
the obverse, POSTAL CURRENCY ACT JULY 1862 and 10 CENTS 1863 on the
reverse. Struck in aluminum (mostly) with a plain edge. The actual
composition of this pattern as determined by SEM-EDX testing
(conducted by Ledoux & Company on certificate number 1285227-001 is
96.6% aluminum, 2.3% iron, 0.9% silicon, and 0.1% lead. Many
aluminum and tin patterns are actually alloyed with a small amount
of silicon which hardens the resultant alloy and helps preserve the
surfaces. This is a remarkably bright example of aluminum coinage
with no areas of oxidation present. A shallow, irregular area of
planchet roughness is observed between the 1 in the date and CT of
ACT. This is believed to be one of the 1863-dated presentation
coins delivered to Salmon P. Chase. In 1863 aluminum was still an
expensive metal. This piece had an intrinsic value of five cents,
yet it weighed just a twentieth of a silver dime that was worth ten
cents.Ex: Lester Merkin to Milton R. Friedberg via private treaty in 1967; Long Beach and Cherry Hill Collection (NERCA, 6/1981), lot 963; Auction '90 (Superior's session, 8/1990), lot 1411; Larry Shepherd Collection (Superior, 8/1991), lot 914; eBay Auction (TAGZ, 12/2000); Superior (2/2001), lot 5123, to David Cassel.
From The David Cassel Collection.
Coin Index Numbers: (NGC ID# 29FA, PCGS# 60486, Greysheet# 12521)
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: 10
Lot Tracking Activity: N/A
Page Views: 928
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial