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    Description

    Extremely Important R.8 1865 Three Dollar Pattern
    Struck in Copper-Nickel, Judd-443, PR64

    1865 $3 Three Dollar, Judd-443, Pollock-514, R.8, PR64 NGC.
    Design.
    The obverse design follows the standard Indian Princess motif for three dollar gold pieces, but this die was actually first used to strike proofs in 1867. The reverse die also closely resembles the design used in regular-issue coinage, but the date is placed lower and to the right. Struck in copper-nickel with a reeded edge.

    Commentary.
    Collecting patterns can be confusing. In its 1979 auction appearance, this coin was listed as Judd-444A, with a bronze composition. The most recent edition of the Judd pattern reference has dropped the Judd-444A designation and lists this example as Judd-442, a copper piece. Recently, the coin was certified by NGC as Judd-443, a copper-nickel piece. Whatever its composition, the coin's status as a rare and important pattern is undisputed.

    It is impossible to overstate the importance of this offering. The issue is extremely rare, with only two or three pieces known. One piece is impounded in the Durham Western Heritage Museum and thus is off the market forever. King Farouk's specimen was auctioned in the Palace Collections of Egypt (Sotheby's, 2/1954, lot 1793). That coin has not resurfaced in the more than 50 years since the Farouk sale. It seems entirely possible the Farouk offering was an earlier appearance of another specimen. The specimen in the 1976 ANA Sale (Stack's, 8/1976, lot 3657) reappeared in the Stanford Sale (Steve Ivy, 7/1977, lot 1347), and has not been heard from since. The coin offered here has been off the market since 1979. A search of auction records has failed to turn up any additional appearances. The present offering truly represents a once-in-a-lifetime opportunity to obtain this nearly unique pattern.

    Physical Description.
    The coin is sharply struck, with fine detail on the hair and feathers. The surfaces are attractively toned, with shades of golden-brown evenly distributed over each side. This is the only coin certified by either of the leading grading services (11/08).

    Provenance.
    Ex: 1979 ANA (New England Rare Coin Auctions, 7/1979), lot 1315.
    From The Lemus Collection, Queller Family Collection Part Two. (NGC ID# 29JT, PCGS# 60630)


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Lemus Collection, Queller Family Collection Part Two ]

    Auction Info

    Auction Dates
    January, 2009
    7th-11th Wednesday-Sunday
    Bids + Registered Phone Bidders: 23
    Lot Tracking Activity: N/A
    Page Views: 932

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