Lot 1785
1852 Pattern Gold Dollar. Copper-nickel, plain edge. Judd-148. Pollock-176, Rarity-6. PCGS graded Proof 65. This curious issue was struck in copper nickel and was a proposal for a gold dollar which would be more durable than the tiny existing one then in circulation. Due to the small amount of gold needed for a $1 coin, the planchets and diameter were both thin and small respectively. By making the planchets larger and thicker, but then punching a large hole out of the center, the coin was more durable, and hence this design. These were probably restrikes as the reverse die shows cracks and it is unlikely that so many were needed for administrative review. This particular combination of dies and planchet material remains rare, PCGS has graded only 8 specimens in all, and this is tied with a total of 5, with none graded higher. Certainly a high rarity-6, and possibly still a rarity-7. We note some light toning spots on the upper reverse, and light flecks of color on both sides (PCGS # 11614) .
Estimated Value $2,000 - 2,500.
From the Benson collection and purchased from Ira S. Reed on March 30, 1946 for $15.00.
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| Realized $5,290 |
