Goldberg Coins and Collectibles

Sale 67

press UP arrow key to increase the zoom ratio.
press DOWN arrow key to decrease the zoom ratio.
press RIGHT arrow key to increase the zoom window size.
press LEFT arrow key to decrease the zoom window size.

Lot 1046

1864 Pattern Dollar. Aluminum, reeded edge. Judd-398. Pollock-466. High Rarity 7. NGC graded Proof 66. Exquisite and problem-free. A once-in-a-lifetime example of this rare Pattern issue, with abundant luster that shimmers over pristine surfaces. We have mentioned the luster, though we wish we could expand upon it into several paragraphs. In winding up this description, we point to it being a strongly struck coin, with keen-edged detail to all the important high points.

Struck in aluminum. Aluminum was the new "wonder metal" of the mid-1800s when this coin was made. Light and easy to work, it had splendid properties and possibilities. There was only one disadvantage: price. Although the price of aluminum fell to below that of silver by the early 1860s, it was still expensive to produce, hovering around twelve dollars a pound between 1862 and 1886. It retained this status until metallurgists found a way to smelt it in quantity. As a consequence, the US. mint struck very limited numbers of aluminum Patterns and die trial pieces each year, often Rarity-6 or Rarity-7 items. (In 1889, man's technology finally caught up with his need for large quantities of this miracle light metal; prices plummeted and aluminum was soon being used to make tokens, medals, promotional badges, inflation coins by the jillion, and all sorts of other flimsy doodads.) Pop 1; the only one graded (PCGS # 60569) .
Estimated Value $12,000 - 14,000.

Realized $14,950

Go to lot:  

Home | Current Sale | Calendar of Events | Bidding | Consign | About Us | Contact | Archives | Log In

US Coins & Currency | World & Ancient Coins | Manuscripts & Collectibles | Bonded CA Auctioneers No. 3S9543300
11400 W. Olympic Blvd, Suite 800, Los Angeles CA 90064 | 310. 551.2646 ph | 310.551.2626 fx | 800.978.2646 toll free

© 2011 Ira & Larry Goldberg Coins & Collectibles, All Rights Reserved