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    Description

    1863 Ten Cent Postage Currency Pattern
    Cupro-Nickel Composition With a Trace of Iron
    Judd-330A, PR64

    1863 10C Ten Cents, Judd-330A, Pollock-401, High R.7, PR64 NGC. Ex: Lemus Collection. The obverse features a heraldic shield with arrows, framed by an inverted laurel wreath, with the inscription EXCHANGED FOR U.S. NOTES around. The reverse shows the denomination 10 CENTS in two lines above the date, with the peripheral inscriptions POSTAGE CURRENCY and ACT JULY 1862. Struck with a medal turn, in cupro-nickel with a reeded edge.

    Various weight and metal combinations on the Postage Currency pieces were experimented with in the hope that the coins would circulate because of their lower intrinsic value. David Cassel examined the present coin in his study United States Pattern Postage Currency Coins. Its weight is 33.29 grains; SEM-EDX analysis determined its composition to be 76.15% copper, 23.26% nickel, and 0.59% iron. The purpose of the iron is a mystery, as its usual function is to strengthen a weaker metal. However, a cupronickel coin, such as the present example, should not need strengthening. The strike is better than average for this early nickel issue. There are only a few, scattered handling marks and the surfaces are enhanced by pale, hazy, gray-lilac toning. A few flyspecks on both sides are consistent with the grade.
    Ex: Public Auction Sale (Stack's, 10/1988), lot 610; Lemus / Queller Collection / FUN Signature (Heritage, 1/2009), lot 1605, where it realized $4,887.50.
    From The Lemus Collection, Queller Family Collection Part Two.
    From The Collection of William Rau.

    Coin Index Numbers: (NGC ID# 29FE, PCGS# 60490)


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    Auction Info

    Auction Dates
    April, 2018
    25th-29th Wednesday-Sunday
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