Lot 3091
1871 Pattern Commercial Dollar. Copper, reeded edge. J-1156, R.8. PCGS graded Proof 63 Brown PQ. An extremely rare example of the Commercial Trade Dollar Pattern issued in 1871. This one features a rich, brick-red color, with some steel iridescence on the reverse. The color is nowhere near brown, but consists mostly of faded mint red. To date, this is the only example graded by either service; it was just certified in October 2003. Said by the consignor to be from an old Eastern estate purchased in the 1940's.
How rare is Judd 1156? The new Judd "Pattern Coins" book (edited by Q. David Bowers) had to reach all the way back to 1987, when Rarcoa sold a PR-65 example for $9,350. The Pattern Coins website (a wonderful resource for pattern collectors at www.uspatterns.com) cites the Joseph Mitchelson coin in the Connecticut State Library and the Farouk coin as two examples known to them. Assuming no duplication, the maximum population is four specimens; with duplication, the number drops. Regardless of the number of known specimens, the important word here is "opportunity": this is the first chance to purchase this Judd number that collectors have had since 1987! (PCGS # 61418) Estimated Value $25,000 - 30,000
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