LOT #3152 |
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1868 $5 Dual Denomination $5-25 Francs, Judd-656, Pollock-729, Low R.7, PR67 Brown PCGS. CAC....
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Sold on Jan 20, 2021 for:
$26,400.00
Bid Source: HA.com/Live bidder
Description
1868 Dual-Denomination Pattern in Copper
Judd-656, PR67 Brown
International Coinage Proposal
1868 $5 Dual Denomination $5-25 Francs, Judd-656, Pollock-729,
Low R.7, PR67 Brown PCGS. CAC. Ex: Simpson. Anthony
Paquet's design for an international five dollar coin equal to the
value of a proposed 25 franc piece. The obverse depicts Liberty,
facing left, hair bound with a ribbon and star at the front. The
reverse is simply inscribed 5 / DOLLARS / 25 / FRANCS in the center
with a laurel and oak wreath surrounding. Struck in copper with a
reeded edge. This is a coin of considerable importance, being the
United States' first attempt to design an international coin that
would fall in line with the standards proposed at the 1867
International Monetary Conference, which was held in Paris.
According to Andrew Pollock:"A coinage bill was introduced in Congress by Senator Sherman calling for the creation of a United States five-dollar coin that could be used in International commerce. The proposal specified that the piece should weigh 124-9/20 grains, rather than the statutory one hundred twenty nine grains, thus making the coin precisely equal in value to a proposed French 25-franc piece."
This is one of about a dozen Judd-656 representatives known, and it certainly ranks among the finest. Glossy brown surfaces showcase ice-blue and golden-olive patina. A phenomenal Superb Gem proof produced for an economically significant purpose.
Collecting Patterns – A Brief History and Commentary
Coin Index Numbers: (NGC ID# 29P9, PCGS# 60874, Greysheet# 13095)
View all of [Important Selections from The Bob R. Simpson Collection, Part III ]
Auction Info
2021 January 20 - 24 FUN US Coins Signature Auction #1326 (go to Auction Home page)
Auction Dates
January, 2021
20th-24th
Wednesday-Sunday
Bids + Registered Phone Bidders: 21
Lot Tracking Activity: N/A
Page Views: 784
Buyer's Premium per Lot:
20% of the successful bid per lot.
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