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    Description

    1878 Morgan Dollar Pattern, Judd-1550
    Premium Gem Proof, Finest Known

    1878 $1 Morgan Dollar, Judd-1550, Pollock-1727, R.7, PR66 NGC.
    Design. The design on both sides is similar to the adopted Morgan dollar, but on the obverse the point of the bust truncation is nearer to star 1 than to the 1 in the date. The wheat ear in Liberty's cap is distant from the R in PLURIBUS. On the reverse there are "cut-in" notches where the eagle's lower wings join to its torso. Struck in silver with a reeded edge.

    Commentary. A prototype of the Morgan dollar, Judd-1550 is very similar to the other silver prototype of this date, Judd-1550A, except for the "notches" where the wings join the body. Research by Roger W. Burdette shows that at least 50 pieces of Judd-1550 and Judd-1550A were struck between December 1, 1877 and January 2, 1878. Specimens were also struck in copper (Judd-1551). Although USPatterns.com estimates no more than six examples remain in either composition, the number of auction appearances and certification events suggests a slightly larger population. Judd-1550 resembles the adopted design so closely that examples have sometimes been mistakenly cataloged as Morgan dollars, like the coin in lot 916 of the Mathew Stickney Collection (Henry Chapman, 6/1907). The present coin is the finest certified example at NGC or PCGS (3/13).

    Physical Description. A delicate patina of lavender, gray, sea-green, and powder-blue hues blankets the surfaces of this impressive Premium Gem, with frosty devices and reflective fields underneath. The design elements are well-detailed in most areas, with just the slightest touch of softness on the eagle's breast. No individually mentionable post-strike defects are evident and overall eye appeal is quite strong.

    Provenance. "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $40; Eric P. Newman Numismatic Education Society.
    From The Eric P. Newman Collection. (NGC ID# 2AF2, PCGS# 61910)


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    Auction Info

    Auction Dates
    April, 2013
    24th-28th Wednesday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 1,086

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    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.

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