Description

    Unique 1868 Postage Currency Pattern--Unlisted in Judd or Pollock

    Undated (1863-68) Postage Currency Ten-Cents, AW-668, Unlisted in Judd, Unlisted in Pollock (Tentatively Attributed as P-401a), Unique, PR 60 Corroded. The obverse is the type used to coin pattern varieties P-390 through P-401 and P-715 through P-719, dating 1863 and 1868 respectively. The reverse appears to be struck from a regular issue dime reverse of the type used circa 1863 through 1868. Struck in aluminum with a plain edge. Weight: 12.0 grains. Diameter: 0.696 inches. Die Alignment: 360 degrees.
    This pattern was originally listed in the 1913 Adams-Woodin reference as AW-668, although not photographed. From a design standpoint the piece most closely resembles the Postage Currency patterns of 1868 but it lacks the six-pointed star above the N in ONE and it also lacks the date in small digits below DIME, thus making this essentially a regular issue reverse. Adams-Woodin listed it as an R.10, meaning they believed 13-15 pieces existed. This has not proved to be the case, however. Two generations passed and this piece was offered for sale in Cairo in 1954 as part of King Farouk's vast holdings, lot 1815. It was grouped along with nine other nickel and copper patterns of 1868 with the cataloger having no clue as to the coin's true rarity.
    The piece is accompanied by a special flip made for Sol Kaplan which reads: FROM THE PALACE COLLECTION CAIRO EGYPT. It was mistakenly attributed by Kaplan as a Judd-646 and a handwritten price on the envelope reveals an asking price of $35.00. Two more generations passed with the coin apparently never leaving the collection Sol Kaplan sold it into in the mid-1950s. In the meantime, seven editions of Judd came and went and the current Pollock reference went to press with neither author being aware of this piece's existence. Andrew Pollock has examined the piece and given it the attribution listed above of P-401a. Many coins are called rare, but this is one that lives up to all the images that word conjures. A pattern that has been forgotten for two generations and unlisted in any reference since 1913, we are privileged and honored to offer this apparently unique piece for the first time at public auction since the Farouk Sale. (PCGS# 60330)


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    Auction Dates
    August, 1997
    2nd-5th Saturday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
    The Estate of David M. Faraday ,
    San Rafael, CA
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