LOT #4600 |
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1868 $5 Dual Denomination $5-25 Francs, Judd-657, Pollock-730, High R.7, PR65 Gilt PCGS. CAC.. ...
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Sold on May 4, 2023 for:
$50,400.00
Bid Source: HA.com/Live bidder
Description
1868 Dual Denomination $5-25 Francs
Judd-657 Gilt, PR65
1868 $5 Dual Denomination $5-25 Francs, Judd-657, Pollock-730,
High R.7, PR65 Gilt PCGS. CAC.Ex: Harry W. Bass, Jr. Collection. 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 plain edge and gilt. 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."
The Dual Denomination patterns were struck in two different compositions, copper and aluminum, both reeded and plain edge variants. The copper / plain edge pieces appear to be the scarcest with only about a half dozen known. This is the first gilt example we have offered. The surfaces are bright, retaining all the gilt layer. The fields display bright reflectivity even through the gold.
Ex: DiBello Collection (Stack's, 5/1970), lot 485; HBRF #14207.
From The Harry W. Bass, Jr. Core Collection, Part III.
Coin Index Numbers: (Variety PCGS# 908547, Base PCGS# 60875, Greysheet# 255081)
View all of [The Harry W. Bass, Jr. Core Collection, Part III. ]
Auction Info
2023 May 3 - 7 CSNS US Coins Signature® Auction #1359 (go to Auction Home page)
Auction Dates
May, 2023
3rd-7th
Wednesday-Sunday
Bids + Registered Phone Bidders: 32
Lot Tracking Activity: N/A
Page Views: 1,050
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