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    Description

    1868 Aluminum Double Eagle
    Judd-665, PR65 Cameo

    Pedigree Extending to 1868
    Treasury Secretary

    1868 $20 Twenty Dollar, Judd-665, Pollock-740, Low R.7, PR65 Cameo NGC. A gleaming Gem proof example of this largest and most impressive double eagle pattern from the 1868 aluminum proof set, struck in aluminum with a reeded edge from the regular-issue dies for the year. Even though a Cameo designation is lacking, much contrast between fields and devices is evident on the appealing, problem-free surfaces.

    It appears that most of the 1868 aluminum proof sets were either sold to collectors or provided to well-connected individuals. There are four documented complete or formerly complete aluminum sets, including the Garrett set, which we handled in our FUN Signature in January 2013, realizing $211,500; the present Hugh McCulloch-Eric P. Newman set, now being sold separately; the William Fewsmith-Waldo Newcomer set, still intact; and the set that was in Linderman's estate after his death in 1879. The Lyman Low 1887 sale of that set by Linderman's widow was halted by government officials, and the 1868 aluminum coins (along with some other off-metal patterns, later returned) were confiscated and reportedly destroyed. The collections of Matthew Stickney (Henry Chapman, 6/1907) and George Woodside (New York Coin & Stamp, 4/1892) may represent portions of other 1868 aluminum proof sets that were complete or substantially complete at one time, but have long since been broken up. Apparently, a few individual pieces of each denomination were struck outside of the complete sets.
    Part of a complete 16-piece aluminum proof set. Ex: Treasury Secretary Hugh McCulloch (circa 1868); McCulloch family; Eric Newman; Eric P. Newman Numismatic Education Society.

    Coin Index Numbers: (NGC ID# 29PL, PCGS# 60883)


    View Certification Details from NGC

    Auction Info

    Auction Dates
    November, 2014
    14th-15th Friday-Saturday
    Bids + Registered Phone Bidders: 22
    Lot Tracking Activity: N/A
    Page Views: 1,383

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
    Sold on Nov 14, 2014 for: Sign-in or Join (free & quick)
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    We also followed the bidding online yesterday here in Salt Lake for the other 3 coins - great fun. Prices realized met or exceeded our expectations.
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